Oracle’s $165 billion Jupiter data center project in Dona Ana County, New Mexico, faces a six‑month delay as the Green Chile natural gas pipeline misses its schedule, pushing the start date to February 1, 2027.

The postponement increases pressure on the Jupiter campus, which could require up to 2.5 gigawatts of gas‑powered fuel cells from Bloom Energy, with Green Chile designed to deliver up to 400 million cubic feet of natural gas per day.

Oracle is confronting two major headwinds: a delayed pipeline and rising investor concern over a debt‑heavy, capital‑spending‑heavy growth model centered on AI expansion.

Oracle’s annual guidance targets about $90 billion in revenue for the year, supported by AI contracts and remaining performance obligations trending toward $638 billion, signaling strong demand on paper despite cash flow and leverage worries.

Developers Stack and BorderPlex Digital Assets are planning to invest up to $165 billion across 1,400 acres in four buildings, underscoring the project’s enormous scale.

The Motley Fool disclosed holdings in Bloom Energy and Oracle, though the author had no position at the time of publishing.

Regulators and land officials have criticized the route for its water use and emissions impact, arguing it wouldn’t meaningfully benefit state lands and would impose heavy burdens.

The project requires authorization under Transwestern Pipeline’s blanket certificate to construct, install, own, maintain, and operate the pipeline facilities.

Investor sentiment remains cautious: Michael Burry has increased his short position on Oracle amid concerns of AI capacity oversupply and high debt, while UBS cut its price target on Oracle amid infrastructure spending risks.

Oracle asserts the data center itself remains on schedule and highlights economic benefits, including 4,000 construction jobs, 1,500 permanent positions, and a $50 million water system investment.

Energy Transfer faces repeated permit rejections, which could raise costs and complicate planning; a third denial might force a rethink of the pipeline route.

The broader story frames the tension between ambitious AI data center expansion and regulatory and infrastructure hurdles that can delay large-scale facilities.