$Meta Platforms, Inc.(META)$ Meta is building a private ocean backbone while the feed stares at Muse.
Petal: 4,300 miles, France to the US, 1 petabit per second, 2029. First petabit-class transoceanic cable. NEC and Sumitomo on the build.
Project Waterworth: 31,000 miles, 5 continents.
2026 capex: $130B to $145B. Stop renting bandwidth. Own the pipes that move AI traffic.
Same physical race as $Alphabet(GOOGL)$ and MSFT. Meta is scaling the map underwater.
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