Meta plans $25b bond sale as AI spending accelerates

Meta is looking to sell at least US$25 billion in investment-grade bonds on October 30, which would make it one of the biggest US corporate bond sales of 2025.

The move follows CEO Mark Zuckerberg’s announcement that Meta expects to increase its spending on AI next year.

Meta forecasts up to US$72 billion in capital expenditures for 2025, with a sharper rise in 2026.

The bond offering is expected to be split into as many as six parts, with maturities ranging from five to 40 years, according to a person familiar with the matter.

Meta’s new funding plan comes after a joint venture for its Louisiana data center, 80% owned by Blue Owl Capital Inc., privately sold about US$27 billion in bonds, much of which were originally bought by Pacific Investment Management Co.

Big tech companies are increasingly turning to credit markets as they ramp up investments in AI and data centers, taking advantage of lower borrowing costs amid falling interest rates.

Meta’s shares dropped as much as 14% on October 30.

🔗 Source: Bloomberg

🧠 Food for thought

Implications, context, and why it matters.

Meta plans bonds from a position of strength

Meta plans a $25 billion bond sale, compared with $194.1 billion in equity and $79.6 billion in operating cash flow through September 2025 1; cash and marketable securities of about $44.4 billion topped long-term debt of $28.8 billion as of September 30, 2025 1. Guidance calls for $70–72 billion of capital spending in 2025 with dollar growth “notably larger in 2026 than 2025” 1.
It contributed held-for-sale data center assets to a joint venture in October 2025 and is building a $10 billion Louisiana facility, so the bond deal would be one piece of a broader capital plan 2 3.

How vendors can engage on Meta’s 2026 buildout

Meta’s 2025 sustainability Request for Proposals (RFP) asks organizations to sign its mutual non-disclosure agreement (NDA) template and file intake request forms 4.
A nuclear energy RFP seeks 1.4 gigawatts (GW) of new capacity 5. The Louisiana project will match 100% of electricity use with renewables and bring at least 1,500 megawatts (MW) of new renewable capacity online 6. These efforts create openings for nuclear developers, wind plus solar providers, and grid interconnection specialists (firms that manage the process of connecting new power projects to the electrical grid) in 2025–2026.
An industry report estimates the infrastructure could support about 1.2 million graphics processing units (GPUs) by 2027 7. Vendors in liquid cooling, rack-level integration or power management can track announcements and use RFP channels before construction peaks.