Meta seeks to raise up to $25 billion in debt sale as AI spending jumps

Meta is seeking to raise between $20 billion and $25 billion in a bond sale as it ramps up spending on infrastructure and AI models and services. The debt offering marks one of the largest corporate bond sales of the year and comes as the Facebook parent accelerates capital expenditures tied to its artificial intelligence buildout. The move matters because it signals Meta is willing to lean on debt markets rather than rely solely on cash flow to fund its AI ambitions, a shift that could pressure margins and free cash flow. Investors will watch the final pricing and tenor of the bonds, along with any commentary from finance chief Susan Li on how the proceeds fit into Meta's broader capex plans.