Meta Secures $13 Billion in Bank Financing for El Paso AI Data Center

Meta is arranging roughly $13 billion through Morgan Stanley and JPMorgan for a 1-gigawatt AI data center in El Paso, Texas, Bloomberg reported in May 2026. The facility, announced October 2025, will run high-end computing chips for AI. That scale — 1 gigawatt can power roughly 750,000 homes — places it among the largest single-site data center financings to date.