Meta Platforms is arranging a $13 billion financing deal for its new data centre in El Paso, Texas, reflecting the rapid increase in AI infrastructure funding among major technology giants.
Meta Platforms is lining up a financing deal worth about $13 billion for its planned data centre campus in El Paso, Texas, in a sign of how aggressively the biggest technology groups are funding artificial intelligence infrastructure.
According to Bloomberg, Morgan Stanley and JPMorgan Chase are leading the transaction, which is expected to be weighted mainly towards debt, with a smaller equity component. People familiar with the matter told Reuters that the package is still being arranged.
The move would add another large commitment to Meta’s expanding data centre build-out. In March, the company lifted its planned investment in El Paso to more than $10 billion, a sharp increase from its earlier pledge, and said the site is being designed for 1 gigawatt of capacity when it opens in 2028.
Meta has said the project will ultimately support more than 300 jobs, while construction activity is expected to peak at more than 4,000 workers on site. The company has also pointed to local contractors JE Dunn and Hensel Phelps for construction-related opportunities.
The financing comes as hyperscalers increasingly turn to leverage to pay for AI expansion. Meta, Amazon, Alphabet and Microsoft are expected to spend more than $630 billion on AI infrastructure this year, and the sector has begun to embrace debt after years of relying largely on cash flow. The shift reflects the scale of the spending race, as companies seek to secure computing power, storage and energy capacity at speed.
Some reports have suggested the El Paso deal could be among the largest single-site digital infrastructure financings ever arranged, though it would still sit below Meta’s much larger $27 billion Hyperion project with Blue Owl announced last year. The company, Morgan Stanley and JPMorgan did not immediately respond to requests for comment.
- https://finance.yahoo.com/markets/stocks/articles/metas-el-paso-data-center-140230246.html?.tsrc=rss – Please view link – unable to able to access data
- https://www.trustfinance.com/blog/meta-plans-13b-data-center-with-morgan-stanley-jpmorgan-financing – Meta Platforms is reportedly arranging a financing package of approximately $13 billion for a new data center in El Paso, Texas. The deal is said to be led by major financial institutions Morgan Stanley and JPMorgan Chase, according to a report from Bloomberg News. This substantial investment highlights the increasing demand for data infrastructure driven by advancements in artificial intelligence and cloud computing. Major technology companies continue to expand their physical footprints to support growing data processing and storage needs, signalling strong confidence in future growth.
- https://www.cryptopolitan.com/meta-13b-texas-data-center-financing/ – Meta is working with Morgan Stanley and JPMorgan on roughly $13 billion in financing for its El Paso data center campus, per a May 4 report. The package is mostly debt with a smaller equity slice. It could become one of the largest single-site digital infrastructure financings on record, though below Meta’s $27 billion Hyperion deal with Blue Owl in October 2025. Meta’s original commitment to El Paso, announced in October 2025, was $1.5 billion.
- https://www.kucoin.com/news/flash/meta-secures-13b-financing-for-texas-ai-data-center-with-morgan-stanley-jpmorgan – Meta Platforms has secured $13 billion in financing for its AI data center in El Paso, Texas, with Morgan Stanley and JPMorgan. The Sopaipilla facility, set to open in 2028, will be one of the largest AI + crypto news hubs in the region. The project includes $110 million in tax breaks but faces environmental concerns. Inflation data and energy costs remain key factors in the project’s long-term viability.
- https://btw.media/en/meta-secures-13bn-el-paso-data-centre-financing – Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a roughly $13 billion financing package for a data centre in El Paso. The structure is expected to be mainly debt with a smaller equity portion. The facility’s total investment, previously raised to about $10bn, has now expanded to a $13bn financing package. It targets roughly 1GW of capacity for a 2028 opening.
- https://datacenters.atmeta.com/2026/03/big-things-are-happening-el-paso/ – Meta is increasing its investment in El Paso to more than $10 billion and will now support more than 300 jobs at the data center once completed. Our construction needs will also grow and we now anticipate that over 4,000 construction workers will be onsite at the peak of construction. Job opportunities for the data center will be on the Meta Careers page. For construction information and opportunities, please visit the website for the general contractors — JE Dunn and Hensel Phelps.
- https://m.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?ampMode=1 – Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a roughly $13 billion financing package for a data center in El Paso, Texas, a source familiar with the matter told Reuters on Monday. Bloomberg News, which first reported the news, said a majority of the financing is expected to be in the form of debt, with the rest in equity. Big Tech firms are pouring hundreds of billions of dollars into data centers amid strong demand for the technology, and departing from their long-standing reluctance to raise debt to gain an edge in the artificial intelligence race.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The news about Meta’s $13 billion financing for its El Paso data centre was first reported on May 4, 2026, by Bloomberg News. ([investing.com](https://www.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?utm_source=openai)) The earliest known publication date of substantially similar content is May 5, 2026, with multiple reputable sources confirming the information. ([m.investing.com](https://m.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?ampMode=1&utm_source=openai)) The narrative appears fresh and original, with no significant discrepancies in figures, dates, or quotes across sources. ([nst.com.my](https://www.nst.com.my/amp/business/corporate/2026/05/1432525/meta-picks-morgan-stanley-jpmorgan-el-paso-data-centre-financing?utm_source=openai))
Quotes check
Score:
7
Notes:
The article includes direct quotes attributed to sources familiar with the matter, such as “a source familiar with the matter told Reuters on Monday.” ([m.investing.com](https://m.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?ampMode=1&utm_source=openai)) However, these quotes cannot be independently verified, as the sources are not named. ([nst.com.my](https://www.nst.com.my/amp/business/corporate/2026/05/1432525/meta-picks-morgan-stanley-jpmorgan-el-paso-data-centre-financing?utm_source=openai)) The lack of verifiable sources raises concerns about the authenticity of the quotes.
Source reliability
Score:
6
Notes:
The narrative originates from a reputable news organisation, Reuters, which is generally considered a reliable source. ([m.investing.com](https://m.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?ampMode=1&utm_source=openai)) However, the article relies on anonymous sources, which diminishes the overall reliability. Additionally, the article has been republished across various platforms, including low-quality sites and clickbait networks, which may affect the credibility of the information. ([nst.com.my](https://www.nst.com.my/amp/business/corporate/2026/05/1432525/meta-picks-morgan-stanley-jpmorgan-el-paso-data-centre-financing?utm_source=openai))
Plausibility check
Score:
7
Notes:
The claims about Meta’s $13 billion financing for its El Paso data centre are plausible, given the increasing demand for AI infrastructure and the substantial investments by major tech companies in data centres. ([m.investing.com](https://m.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?ampMode=1&utm_source=openai)) However, the lack of independent verification and reliance on anonymous sources raises questions about the accuracy of the information.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article reports on Meta’s $13 billion financing for its El Paso data centre, citing anonymous sources. ([m.investing.com](https://m.investing.com/news/stock-market-news/meta-taps-morgan-stanley-jpmorgan-for-el-paso-data-center-deal-bloomberg-news-reports-4657681?ampMode=1&utm_source=openai)) While the information is plausible and the article is freely accessible, the reliance on unverifiable quotes and the presence of the narrative across various platforms, including low-quality sites and clickbait networks, raises concerns about its credibility. ([nst.com.my](https://www.nst.com.my/amp/business/corporate/2026/05/1432525/meta-picks-morgan-stanley-jpmorgan-el-paso-data-centre-financing?utm_source=openai)) Given these issues, the overall assessment is a FAIL with MEDIUM confidence.