Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg told President Donald Trump this week that the tech behemoth plans to spend “something like at least $600B” through 2028 on data centers and other infrastructure in the U.S., The Information reported.
Zuckerberg made the comments at a gathering of tech CEOs at the White House, where President Trump showed off an updated version of the Rose Garden. Zuckerberg was seated to the right of Trump and was joined by other CEOs, including Alphabet (GOOG) (GOOGL) head Sundar Pichai, Apple’s (AAPL) Tim Cook and OpenAI’s Sam Altman.
In July, Meta said it would spend between $66B and $72B in capital spending in 2025, up 68% from 2024 levels. The company also said it would spend a “similarly significant” amount in 2026, as it looks to grow its artificial intelligence efforts.
Assuming a 2026 capital spending level at the high-end of 2025 levels, that would suggest that Zuckerberg and Meta are looking to spend at least $300B on data centers and artificial intelligence-related infrastructure in 2027 and 2028, according to numbers compiled by Seeking Alpha.
Meta did not immediately respond to a request for comment from Seeking Alpha.
