Oracle Bears Power Risk

Doña Ana CountyOracle pays investors even if power never arrives.

The 1,400-acre Project Jupiter anchors Oracle’s $300bn computing contract with OpenAI.

Under the contract, Oracle pays a carry cost for up to 3 years covering all debt interest, people familiar said.

Oracle says the force majeure notice does not establish a delay and Project Jupiter remains on schedule.

Oracle’s carry cost starts if the first phase misses its first-half 2027 deadline.