Trump Spills Meta's $50-Billion Secret—And Wall Street Is Asking This

Menlo,Park,,Usa,,May,5,,2023:,Meta,Corporation,Headquarters,Glass

When Donald Trump talks, secrets don't stay secret for long. In a cabinet meeting, Trump casually disclosed that Meta Platforms Inc.'s (NASDAQ:META) highly touted Louisiana data center, Hyperion, carries a $50 billion price tag. That figure—never shared publicly by Meta—is a bombshell, not only because it dwarfs the original $10 billion estimate but also because it equals nearly 70% of Meta's entire capital expenditure budget for the year.

From $10 Billion To $50 Billion