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Story summary
- Meta Platforms is negotiating a $13 billion financing package with Morgan Stanley and JPMorgan Chase for its El Paso, Texas data center.
- Most of the funding will be debt, with the rest as equity, while terms stay fluid.
- Meta raised its El Paso investment to over $10 billion to reach one-gigawatt capacity before the 2028 opening.
- Investors fear AI spending may not pay off, shown by a 7.5 % share drop this year.
