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# Meta Seeks $29B from Private Investors for AI Data Centers
- URL: https://broadbandbreakfast.com/meta-seeks-29b-from-private-investors-for-ai-data-centers-2/
- Published: 2025-06-30T22:34:11.000Z
- Updated: 2026-03-11T05:50:43.000Z
- Description: The social media giant is in talks with KKR, Brookfield, and others.
- Author: Cameron Marx
- Tags: Data Center, #with-siderail, China, Meta, Mark Zuckerberg, Financial Times, AI, Apollo, KKR, Brookfield Asset Management, Carlyle Group, PIMCO, Morgan Stanley

WASHINGTON, June 30, 2025 – Meta is seeking $29 billion from private investors to fund a major artificial intelligence data center project.

According to the [Financial Times](https://www.ft.com/content/aff1a2d2-d58e-44de-a114-9f0ce9d15a15?ref=broadbandbreakfast.com), Meta was in talks with Apollo Global Management, Kohlberg Kravis Roberts & Co., Brookfield, Carlyle Group, Pacific Investment Management Company, and other private investors. The technology giant was working with its advisers at Morgan Stanley and sought to raise $3 billion in equity and $26 billion in debt to fund the project.

It is unclear where or when the data center would be built. **Mark Zuckerberg**, CEO of Meta, said earlier this year that the company would spend up to $65 billion in 2025 on expanding its AI infrastructure. But, at the company’s earnings call in May, Meta raised its 2025 capital expenditure forecast to as much as $72 billion, citing increased data center investment and infrastructure costs.

[Data Center SummitThe ‘Data Centers, Nuclear Power and Broadband Summit’ took place on March 27, 2025.![](https://storage.ghost.io/c/29/97/29976d9d-89ea-4c77-8c0b-0e8a0eafed35/content/images/icon/breakfast_media_llc_logo-560.jpeg)Broadband BreakfastBroadband Breakfast![](https://storage.ghost.io/c/29/97/29976d9d-89ea-4c77-8c0b-0e8a0eafed35/content/images/thumbnail/dcs-10.webp)](https://broadbandbreakfast.com/dcs)

Meta’s fundraising push comes as it races to catch up with AI rivals. The company recently announced a $15 billion investment in data-labeling startup ScaleAI and hired its CEO, **Alexandr Wang**, to lead a new “superintelligence” team. 

Meta [operates](https://datacenters.atmeta.com/all-locations/?ref=broadbandbreakfast.com#europe) 28 data centers worldwide, including 24 in the United States. In February, reports surfaced that Meta and Apollo were [discussing plans](https://www.bloomberg.com/news/articles/2025-02-27/meta-in-talks-to-raise-35-billion-for-data-center-financing-led-by-apollo?embedded-checkout=true&ref=broadbandbreakfast.com) to raise $35 billion to build a data center.

As Meta ramps up its AI investments, it is also locking in long-term energy sources to power its data infrastructure. Earlier this month, the company [signed a 20-year agreement](https://about.fb.com/news/2025/06/meta-constellation-partner-clean-energy-project/?ref=broadbandbreakfast.com) with Constellation Energy to purchase electricity from a nuclear plant in Illinois, and secured four more clean energy agreements with renewable energy developer Invenergy.

Construction of data centers [has boomed](https://broadbandbreakfast.com/ai-boom-drives-demand-for-fiber-data-center-infrastructure/) in recent years, with U.S.-based data centers consuming [triple the energy](https://broadbandbreakfast.com/ai-data-center-boom-raises-energy-infrastructure-questions-2/) in 2023 that they did in 2014\. Many have argued that the construction of these centers [is crucial to winning](https://broadbandbreakfast.com/data-center-investment-for-ai-critical-in-race-against-china-altman-tech-execs/) the AI race against China, though some [have expressed concerns](https://broadbandbreakfast.com/ais-energy-appetite-is-growing-permitting-delays-could-starve-it/) over how these centers will be powered.