Meta Selects PIMCO, Blue Owl to Back $29 Billion Data Center Expansion – Bloomberg
Meta Platforms Inc. (NASDAQ: META) has reportedly tapped investment giant PIMCO and alternative asset manager Blue Owl Capital to help finance a massive $29 billion project to develop AI-focused data centers in rural Louisiana, according to Bloomberg.
Sources familiar with the matter said PIMCO will spearhead a $26 billion debt issuance, most likely in the form of bonds, while Blue Owl will contribute $3 billion in equity funding.
This financing move follows earlier reports from late June indicating Meta’s intent to raise capital from private investors to support its extensive AI data infrastructure plans across less densely populated areas of the United States.
During its second-quarter earnings call, Meta outlined plans to spend between $66 billion and $72 billion in 2025 on AI development. The company also indicated it may further increase its AI-related capital expenditures in 2026.
Meta belongs to the elite group of “AI hyperscalers” on Wall Street—tech titans pouring enormous resources into artificial intelligence infrastructure. This cohort also includes Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), and Amazon (NASDAQ: AMZN).
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