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Meta’s AI spending spree revives a financial-crisis playbook

Meta’s AI spending spree revives a financial-crisis playbook

Photo: Crypto Briefing

Meta's capex guidance nearly doubles as free cash flow collapses and off-balance-sheet commitments pile up Meta wants to win the AI race so badly that it is now borrowing tricks from the era of the financial crisis to pay for it. The company expects 2026 capital expenditures of $130 billion to $145 billion. That is close to double the $72 billion it spent in 2025, and the money is going mostly into AI infrastructure. Start with free cash flow, the money left over after a company pays for operations and investment.

Source: Crypto Briefing

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