META LINES UP $13B FOR EL PASO DATA CENTER

Meta's El Paso data center project marks another significant capital commitment in the company's infrastructure buildout. Morgan Stanley and JPMorgan are structuring the financing, according to sources familiar with the arrangement. The $13 billion figure underscores how technology giants are increasingly turning to debt markets to support their AI ambitions. Data centers require substantial upfront investments in computing hardware, cooling systems, and real estate. Meta has been aggressive in expanding its data center footprint to support AI model training and inference workloads. The company has announced multiple facility projects across the U.S. and internationally over the past year. The Texas project adds to the broader trend of tech companies securing multi-billion dollar financing packages for infrastructure. Industry analysts expect these capital-intensive buildouts to continue as companies race to develop AI capabilities.