Meta Secures $13 Billion Financing for El Paso Data Center with Morgan Stanley and JPMorgan
Meta Platforms is finalizing a $13 billion financing package for a data center in El Paso, Texas, led by Morgan Stanley and JPMorgan Chase. This investment reflects the ongoing trend of significant capital allocation by tech companies towards AI infrastructure.

Meta Platforms is collaborating with Morgan Stanley and JPMorgan Chase on a financing package estimated at $13 billion for a data center in El Paso, Texas. This funding will primarily consist of debt, with a smaller portion allocated to equity, as Meta prepares to enhance its AI capabilities.
In March, Meta increased its investment in the El Paso facility to over $10 billion, targeting a capacity of 1 gigawatt by the expected completion in 2028. Tech companies, including Meta, Amazon, Alphabet, and Microsoft, are projected to allocate more than $630 billion towards AI infrastructure this year. The shift toward debt financing signals a strategic move by these firms to maintain competitiveness in the AI sector.


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