Oracle Seeks Protection for Delay-Hit Project Jupiter Amid Regulatory Snags

Oracle's shares took a hit after it issued a force majeure notice for its massive Project Jupiter, a 1,400-acre AI data center in New Mexico. The project is designed to run on Bloom Energy fuel cells and supply power for Oracle Cloud workloads tied to OpenAI's Stargate buildout.

New Mexico regulators have repeatedly blocked key natural gas permits, prompting concerns from local and environmental groups over the site's energy use and emissions. To mitigate potential delay penalties, Oracle is seeking protection under this notice.

The news sent shockwaves through markets, with Oracle shares falling as much as 5.4% premarket before settling around a 3% drop. Bloom Energy also slid 5 to 6%, as investors grew uneasy over project timelines.