# Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a roughly $13 billion financing package for a data center in El Paso, Texas.

*business · news · 2026-05-05 · MarketScreener*

## Key points

- Meta is working with Morgan Stanley and JPMorgan on a $13 billion financing package for an El Paso data center.
- Most of the $13 billion financing for the project is expected to be structured as debt.
- Meta increased its investment in the El Paso AI data center to $10 billion in March, targeting 1 gigawatt capacity.
- Meta and other tech giants are projected to spend over $630 billion on AI infrastructure in 2024.

**Companies:** Meta Platforms, Morgan Stanley, JPMorgan Chase
**Countries:** United States

[Read the full story on MarketScreener](https://www.marketscreener.com/news/meta-picks-morgan-stanley-jpmorgan-for-el-paso-data-center-financing-source-says-ce7f58dfdf89f72d)

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