Key Takeaways Meta Platforms spent $17B on capex in Q2 2025 and now projects $66B to $72B for the year.The Kansas City Data Center is live, matched with 100% renewable energy use.Shares have risen 26.2% YTD, outpacing the Computer and Technology sector's 12.9%.Meta Platforms (META) has been spending aggressively on servers, data centers and network infrastructure. In the second quarter of 2025, capital expenditures, including principal payments on finance leases, were $17 billion. META now expects to spend ...