Oracle has notified Stack Infrastructure that it intends to delay the start of rent payments for Project Jupiter, its planned 1,400-acre hyperscale data center campus in Dona Ana County, New Mexico. The notice adds to concerns over power-related delays, permitting and financing for the Stargate AI infrastructure initiative, reportedly valued at $165 billion. Oracle also issued a force majeure notice citing delays that could create payment obligations if construction extends beyond 2028. The project requires approval for a 17-mile natural gas pipeline and air-quality certifications, with the broader permitting timeline delayed to February 2027 at the earliest. Project Jupiter is designed for up to 2.45 gigawatts of capacity and is being developed by Stack Infrastructure, a Blue Owl Capital portfolio company, with Oracle as anchor tenant and primarily OpenAI workloads expected. Oracle says the project remains on schedule and committed to Bloom Energy’s fuel-cell contract, while Bloom can redirect orders to other data centers if the site is abandoned or indefinitely postponed. Bloom shares rose 8% to about $288.70 after Morgan Stanley said the developments should not affect the company’s business or fiscal 2026 outlook; Project Jupiter revenue is not included in that guidance. Project debt traded at 89 to 91 cents on the dollar.