Meta said in a blog post Monday that its Hyperion data center in Richland Parish, Louisiana, will be a 5 GW facility costing more than $50 billion. That compares with the $27 billion figure revealed in October, when Meta and Blue Owl Capital formed a joint venture, and an original 2 GW plan. Meta said it will invest over $1 billion in local infrastructure, including roads and water and wastewater systems, and that local businesses have received more than $1.6 billion in contracts since construction began in December 2024. A Meta spokesperson said the site should reach 2 GW by 2030 and the full 5 GW around 2032; no financial partner was announced for the expansion.
The project's price tag has risen from an estimated $10 billion at the start to more than $50 billion, and its planned capacity has gone from 2 GW to 5 GW. It is being built under a 20-year sales tax exemption that Gov. Jeff Landry signed for data centers built before 2029, a sign of how states are using incentives to compete for AI infrastructure.
The headline names Meta, a $50 billion figure, and Louisiana tax incentives. That makes it a major US campus-scale investment announcement and the only large hyperscaler construction story in this run.