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Will Meta's subsea cable project face regulatory delays of over a year by November 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Meta Platforms or major news outlets
Story
Meta to Build $10B, 40,000 km Subsea Cable Connecting U.S., India, South Africa, Australia
Nov 29, 2024, 02:39 PM
Meta Platforms is planning to build a massive $10 billion subsea fiber-optic cable network spanning over 40,000 kilometers around the globe. The project aims to enhance global internet connectivity and support the company's data-intensive services such as Facebook and WhatsApp. Meta currently accounts for 10% of all fixed and 22% of mobile internet traffic. The cable will reportedly connect the U.S. East Coast to India via South Africa, and then to the U.S. West Coast via Australia, forming a "W" shaped route that strategically avoids geopolitical hotspots like the Red Sea. Beginning with an initial $2 billion budget, the investment could total more than $10 billion and supports AI growth. Meta will be the sole owner of this subsea cable, marking its first fully-owned global fiber-optic network. The company is expected to publicly announce more details about the project in early 2025.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes, by more than 20% • 25%
Yes, by 10-20% • 25%
Yes, by less than 10% • 25%
No, within budget • 25%
2026 • 25%
2027 • 25%
2028 • 25%
2029 or later • 25%
Cable breakage • 25%
Data transmission issues • 25%
Power supply failure • 25%
No major issues reported • 25%