Blue Owl Capital

Built World

80% owner of Hyperion joint venture

Meta's Hyperion data center, a $27 billion AI campus rising in rural Richland Parish, Louisiana, is on track to become the largest facility of its kind in history. Meta has quietly bought enough land to more than double it. The initial 2,250-acre, 4-million-square-foot build will deliver 2 to 5 gigawatts of computing power, enough to train the next generations of Llama. The financing is the biggest private-credit deal ever executed and the single largest private investment in Louisiana history. In February 2026, Fortune revealed Meta's quiet purchase of another 1,400 adjacent acres, setting up a Phase 2 that would roughly double the campus footprint.

Updated May 26