The Scale of Investment
| Metric | Value | Context |
|---|---|---|
| 2025 CapEx | $72.2B | +84% YoY |
| CapEx/Revenue | 36% | vs Google ~15% |
| 2026 Guidance | $80-95B+ | Continued acceleration |
Largest infrastructure investment in tech history
The Physical Buildout
- $600B U.S. Commitment through 2028
- Louisiana flagship data center project
- U.S.-centric build optimized for power and regulation
- Purpose-built for AI training and inference
Operational Characteristics
- Under construction and planned capacity
- Higher power density than traditional DC
- Liquid cooling infrastructure
- AI-optimized network topology
CapEx Comparison: Meta vs Peers
| Company | CapEx % of Revenue |
|---|---|
| Meta | 36% |
| 15% | |
| Amazon | 12% |
“Unprecedented infrastructure investment intensity”
The Zuckerberg Bet
“We’d rather be ahead of demand than behind it. If superintelligence arrives early, we’re positioned. If it takes longer, we slow building while demand catches up. The asymmetry is: being late is existential.”
This is part of a comprehensive analysis. Read the full analysis on The Business Engineer.









