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.
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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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