Update: Market Chatter: Blue Owl's Stack Infrastructure to Delay Project Jupiter by a Year

10:21 AM EDT, 09/25/2026 (MT Newswires) -- (Updates with Oracle's response in the seventh paragraph.) Blue Owl Capital's (OWL) Stack Infrastructure unit faces a one-year delay to its Jupiter data center project in New Mexico, Reuters reported Friday, citing an unnamed person familiar with the matter. Media outlets reported Thursday that Oracle (ORCL) issued a force majeure notice to Stack, seeking to defer payments if the project is delayed and does not begin operating in 2028 as planned. Oracle invoked force majeure because of delays in securing power for the site, a source told Reuters. Blue Owl has about $3 billion of equity invested in the project, the source said. The asset manager earns a lower return during construction, with returns increasing after the data center is completed, according to the person. Blue Owl said the parties remain aligned on the project and the notice does not alter their financial commitments, Reuters reported. Reuters, citing interviews with bankers and investors, also reported that Oracle's force majeure notice has made lenders and investors more cautious about financing AI infrastructure projects. Project Jupiter remains on the company's planned schedule, Oracle told MT Newswires in an emailed response. "Force-majeure notices are commonplace in developments of this scale and... do not, by themselves, establish a project delay or change delivery expectations." Blue Owl did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 9.29, Change: +0.04, Percent Change: +0.48