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Amazon Returns to the Bond Market for at Least $25 Billion to Fund Its AI Buildout
Amazon is tapping the bond market for at least $25 billion, one of the year's largest corporate debt sales, to help pay for its enormous spending on AI and data-center infrastructure. The offering is split into as many as eight tranches with maturities from three to 40 years, and the proceeds are earmarked for general corporate purposes at a company whose 2026 capital spending is tracking toward roughly $200 billion. It underscores how costly the AI buildout has become, even for a cash-rich giant, and puts Amazon alongside Alphabet, Meta and Nvidia in borrowing to fund the race.
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