Hyperscalers Tap Bond Markets To Fund Capex

By mid-2025, Aberdeen Investments reports hyperscalers are turning to public bond markets to fund ramped AI-related capex over the next 24 months after limited early-year issuance. Firms including Meta ($30bn), Alphabet ($25bn), Amazon ($20bn) and Oracle ($18bn) have issued large bonds, while analysts estimate data-centre funding needs of $3tn–$7tn by 2030, pressuring credit markets.
Key Points
- 1Record issuance: Meta $30bn, Alphabet $25bn, Amazon $20bn, Oracle $18bn in recent months
- 2Increase in capex and data-centre energy needs will drive continued corporate bond supply
- 3Create tactical investment opportunities in short-dated bonds as credit spreads widen
Scoring Rationale
Strong industry-wide financing analysis grounded in firm estimates and market moves; limited novelty as it reports ongoing capital-allocation trends.
Sources
Public references used for this report.
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