Meta's debt burden is growing: a new $15 billion bond for artificial intelligence

Meta raised $15 billion through a five-tranche bond sale to fund its artificial intelligence buildout, with the company's projected 2026 capital expenditure now reaching as high as $145 billion. The offering adds to a growing debt load for the Facebook, Instagram and WhatsApp parent as it competes with rivals in AI infrastructure. The move matters because it signals that even the largest technology firms are turning to credit markets to sustain unprecedented AI spending. Investors will watch how the new debt affects Meta's balance sheet and credit profile, and whether its capex guidance climbs further.