Meta works on $13 billion financing for El Paso data center
Updated
Updated · Bloomberg · May 4
Meta works on $13 billion financing for El Paso data center
14 articles · Updated · Bloomberg · May 4
Morgan Stanley and JPMorgan Chase are leading the package for the Texas project, with most funding expected to come from debt and the remainder from equity.
The deal would rank among Meta's biggest infrastructure financings as technology groups expand data-center capacity to support artificial-intelligence computing demand.
The planned borrowing highlights how major tech companies are increasingly turning to debt markets to fund the costly build-out behind the AI boom.
With cash flow shrinking, is Meta's $145 billion AI spending spree a visionary move or a reckless gamble?
As Meta's AI empire expands, are local communities paying the hidden price in water and power?
Is the AI boom's thirst for energy creating a resource crisis that technology itself cannot solve?