META · News · 20261031N

AI Infrastructure Investment Outlook

Meta Platforms, Inc. · 2026-10-31 · Importance 41 · Surprise 60

Meta is expected to spend up to $145 billion on capital expenditures in 2026, as part of a reported $828 billion combined investment by Amazon, Alphabet, Microsoft, Meta, and SpaceX in AI-related infrastructure. S&P Global Ratings revised Meta’s outlook from stable to negative, citing uncertainty over AI spending and free operating cash flow. S&P projected free operating cash flow deficits of $39 billion in 2026 and $71 billion in 2027, potentially continuing beyond 2028. The report also said Meta plans to sell $97.5 billion in stock for AI infrastructure, while Meta disagrees with S&P’s assessment of its AI monetization capabilities.

Key facts

• Meta is building a bipartisan group of former political operatives ahead of midterm elections to deepen relationships with Democrats and Republicans, according to Axios. source
• Michael Hacker joined Meta as VP of compute initiatives, and Nick Schmit joined as director of strategic partnership management. source
• Meta president and vice chairman Dina Powell McCormick is spearheading a recruitment drive, according to sources. source