Nebius to Spend a Whopping $40 Billion by 2027, Data Center Delay Weighs on Results
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On its Q3 2026 earnings call, Nebius unveiled its 2027 spending plan: it intends to invest $40 billion (capex of $40-45 billion), far exceeding Wall Street expectations. The company plans to cover about 85% of the capital expenditure through customer prepayments and loans backed by contracts. Meanwhile, its New Jersey data center project has been delayed, exposing the risks of the neocloud financing model. As of the above report, no further developments have been disclosed.
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- TechCrunch · AINebius tests the neocloud playbook with $40 billion in planned spending
On its third-quarter earnings call, Nebius unveiled a $40 billion spending plan for 2027, far above Wall Street expectations, aiming to cover 85% of its $40–45 billion capital expenditure with customer prepayments and loans secured by contracts.
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