Meta Close to $35B in Financing for More Data Centers

Meta Platforms (META) is in discussions with an investor group led by Apollo Global Management (APO) to secure roughly $35B in financing for a large-scale US data center project, according to Bloomberg.

Private equity firm KKR (KKR) is also reportedly involved in the financing package, as reported by Commercial Observer.

Lofty AI Ambitions

The funding would support Meta’s ambitious plans to build a $200B data center campus dedicated to AI initiatives.

The company is evaluating potential sites in Wyoming, Texas, and Louisiana, and a separate $10B data center project is already planned for Louisiana.

The Bigger Picture

Meta has been ramping up investments in AI for years, aiming to bring 1GW of computing power online in 2025. 

CEO Mark Zuckerberg is pushing to make Meta AI—the company’s chatbot—the most widely used AI assistant globally by the end of the year. The company is also betting on its open-source large language model, Llama, to establish itself as a dominant player in AI.

Apollo’s Growing Holdings

Meanwhile, Apollo has been active in real estate investment beyond its talks with Meta. 

This week, the firm announced a $1.5B all-stock acquisition of Bridge Investment Group, a deal expected to close in Q3 2025. The acquisition aligns with Apollo’s strategy to expand its CRE originations business.

Looking Ahead

While the financing deal is not yet finalized, Meta’s plans highlight the increasing demand for data center infrastructure to support AI-driven growth.

If completed, the project would be one of the largest data center investments to date, positioning Meta at the forefront of AI innovation.