Loading...
Market
What will be the primary purpose of Meta's subsea cable project announced by June 30, 2025?
2
Resolution / Starting Odds
Improve global connectivity • 25%
Enhance Meta's own data capacity • 25%
Support AI and machine learning infrastructure • 25%
Other • 25%
Official Meta announcements or reports from credible tech news outlets
Story
Meta Plans First Fully-Owned $10 Billion, 40,000 km Subsea Cable to Boost Data Capacity
Nov 29, 2024, 12:30 PM
Meta Platforms Inc. plans to build a new subsea fiber-optic cable spanning more than 40,000 kilometers around the globe, according to sources confirmed by TechCrunch. The project, expected to cost over $10 billion, aims to boost global data capacity and connectivity. This marks Meta's first fully-owned subsea cable initiative. The company, responsible for 10% of all fixed and 22% of mobile internet traffic, is expected to disclose more details in early 2025, including the intended route, capacity, and reasoning behind the project.
View original story
Similar markets
Enhancing Facebook connectivity • 25%
Boosting WhatsApp services • 25%
Improving Instagram performance • 25%
General internet infrastructure • 25%
Improve global internet connectivity • 25%
Enhance Meta's data infrastructure • 25%
Support expansion into new markets • 25%
Other • 25%
Route includes South America • 25%
Route includes Europe • 25%
Route includes Middle East • 25%
None of the above • 25%
Google • 25%
Amazon • 25%
Microsoft • 25%
No major partners • 25%
2026 • 25%
2027 • 25%
2028 • 25%
2029 or later • 25%
Increased data capacity • 25%
Improved connectivity in Africa • 25%
Enhanced AI capabilities • 25%
None of the above • 25%
Technical challenges • 25%
Regulatory challenges • 25%
Geopolitical challenges • 25%
No major challenges • 25%