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Meta Starts $1B+ Tulsa AI Data Center Build, Stock Muted at $668.84 with Post-Market Bounce

Meta Platforms Inc has begun construction on a more-than-$1 billion data center at Tulsa's Fair Oaks Innovation Park, its first in Oklahoma and 28th U.S. facility (32nd globally), to expand AI infrastructure. The project, spanning over 2 million sq. ft., will create 1,000+ peak construction jobs and ~100 permanent roles, amid planned May 2026 layoffs and environmental scrutiny. Announcements progressed from initial groundbreaking reports on April 21 to confirmed buildout on April 22, with META.OQ closing at $668.84 (-0.31%) but rebounding to $672.55 (+0.55%) post-market, signaling mixed but potentially positive long-term AI sentiment.

Category

Meta Platforms

Sentiment

Mixed

Event

Corporate action

Reading time

1 min