Meta raises $25 billion in bond sale after lifting AI spending plan

Meta Platforms sold investment-grade bonds worth $25 billion in six portions, according to a regulatory filing on Thursday, as the social media giant ramps up investments in artificial intelligence infrastructure.

The news follows a $30 billion bond sale last year that was Meta’s biggest ever. Like ‌its Big ⁠Tech rivals, ⁠Meta is increasingly tapping debt to fund its AI ambitions after years of relying on strong cash flows to fund expansion into new technologies.

A day earlier, Meta had raised its 2026 capital expenditure forecast by $10 billion to a range of $125 billion to $145 billion. Overall, Big Tech is now expected ⁠to spend ‌more than $700 billion on AI infrastructure this year.