JUST IN: $ORCL and $BE slide on concerns around Project Jupiter delays. The details:
Oracle sent a force majeure notice to Project Jupiter’s developer, a Blue Owl Capital unit, seeking to assert its contractual position if the New Mexico data center is delayed or fails to open as planned.
The notice could allow Oracle to defer payments if the project is derailed, according to people familiar with the matter.
Construction has continued despite paused permitting processes involving water use and air quality.