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Market
Will Meta's subsea cable project exceed its budget, and by how much?
2
Resolution / Starting Odds
Yes, by more than 20% • 25%
Yes, by 10-20% • 25%
Yes, by less than 10% • 25%
No, within budget • 25%
Financial reports from Meta or credible financial 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.
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Similar markets
Yes • 50%
No • 50%
Technical challenges • 25%
Regulatory challenges • 25%
Geopolitical challenges • 25%
No major challenges • 25%
Revenue increases by less than 10% • 25%
Revenue increases by 10%-20% • 25%
Revenue increases by 20%-30% • 25%
Revenue increases by more than 30% • 25%
2026 • 25%
2027 • 25%
2028 • 25%
2029 or later • 25%
Yes • 50%
No • 50%
Cable breakage • 25%
Data transmission issues • 25%
Power supply failure • 25%
No major issues reported • 25%