Meta arranges $13 billion in debt financing for AI data center complex in El Paso, Texas and secures early access to space-based solar power from Overview Energy

Meta Platforms is arranging $13 billion in debt financing for a new AI-focused data center complex in El Paso, Texas, and has entered an agreement for early access to space-based solar power from Overview Energy for future data center energy needs.

These moves represent fresh directions in how Meta funds AI infrastructure growth and sources power for its operations, with long lead times, capital intensity, and execution risks around both the Texas buildout and space-based solar supply identified as key factors to watch.

For investors, these developments tie directly to Meta's long-term AI capacity and energy needs, which many link to future earnings potential, while execution and cost control on such a large project—especially given the experimental nature of space-based solar power—represent immediate risks to track.