Google raises $31.5bn in bond sales to fund $185bn datacentre construction

Google has raised $31.5bn in bond sales to help fund its $185bn 2026 capex budget targeted at datacentre construction.

The aim is to take a clear lead over its AI rivals.

Google raised $11.5bn in GBP and Swiss Franc bonds and $20bn in $ bonds.

Last year Google had revenue of $400bn.

Google’s capex was $31.5bn in 2022, $32.3bn in 2023, $52.5bn in 2024 and $91.4bn last year.

Last month Oracle took on debt of $25bn to fund datacentre construction.

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David Manners

David Manners has more than forty-years experience writing about the electronics industry, its major trends and leading players. As well as writing business, components and research news, he is the author of the site's most popular blog, Mannerisms. This features series of posts such as Fables, Markets, Shenanigans, and Memory Lanes, across a wide range of topics.