TL;DRMeta’s Hyperion AI data centre campus in Richland Parish, Louisiana, now carries a projected cost exceeding $200 billion. The facility spans nearly 4,000 acres, will require 10 gas-fired power plants generating 7+ gigawatts, and is financed through a $27 billion off-balance-sheet Wall Street deal.
Meta is building the most expensive single piece of private infrastructure in American history. Hyperion, the company’s AI data centre campus in Richland Parish, Louisiana, now carries a projected cost of more than $200 billion, a figure that has grown steadily since the project was first announced at $10 billion in December 2024. The campus spans nearly 4,000 acres, will require 10 gas-fired power plants generating more than 7 gigawatts of electricity, and is being financed through a $27 billion Wall Street deal that allows Meta to keep most of the debt off its own balance sheet. It is, by any measure, a bet that the returns from AI infrastructure will justify expenditure on a scale that no private company has ever attempted.
The scale of the project
Hyperion will consist of up to nine buildings across a site that has expanded repeatedly since Meta first acquired land in Richland Parish. The company purchased an additional 1,400 acres earlier this year, bringing the total campus to roughly four times the size of Manhattan’s Central Park. The facility is designed to deliver 5 gigawatts of computational power, with an additional 2.5 gigawatts allocated to campus support systems, cooling, and infrastructure. It is expected to become operational by 2030.
