and oracle doesn't have much slack. last quarter
$23.1bn operating cash flow
$11.4bn of it customer prepayments
$28.5bn capex
$288bn of data center leases not started yet
an $18bn construction loan for one of the biggest ai data centers in the us is waiting on a $60m gas pipeline
oracle sent a force majeure notice on it today. here's who actually carries the delay π§΅
the banks that underwrote the $18bn are stuck too
they couldn't sell it all down, and the loans were already quoted around 90 cents almost a week before the notice made news