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Meta’s latest 1,400-acre land deal in Louisiana signals plans for a vast, multiphase AI campus unlike anything the U.S. has seen.
Meta is estimating 2026 full-year capex of between $115-135 billion. In the company's Q4 2025 earnings call, Meta CFO Susan Li revealed that the hyperscaler is expecting a significant increase in spending, with the growth driven by "increased investment to support our Meta Superintelligence Labs efforts and core business."
Enron, once a leading energy company, collapsed in 2001 amid the largest bankruptcy filing at the time, valued at $63.4 billion in assets. The scandal involved fraudulent accounting through special purpose entities that hid billions in debt and inflated profits,