Amazon filed plans on Tuesday for an eight-part bond sale targeting at least $25 billion as the company focuses on building AI infrastructure. Bloomberg reported that investor demand may push the final figure higher than the $25 billion minimum.
Amazon also told its underwriters it does not plan to issue additional debt this year. A company spokesperson also told CNBC that any money raised is earmarked for broad corporate needs, a category that can encompass new investments, capital expenditures down the road, and paying off existing debt.
“We regularly evaluate our operating plan and make financing decisions, like issuing bonds, accordingly,” the spokesperson said.
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Amazon’s SEC filings revealed that the deal’s underwriting duties are shared among Barclays, Goldman Sachs, JPMorgan, and Morgan Stanley. The Bloomberg report mentioned that maturities on the notes span from three years out to 40 years.
This offering comes after a substantial debt-raising push earlier in 2026. Amazon raised roughly $54 billion in bonds in the U.S. and Europe earlier this year, along with an additional $10 billion in Canada in June.
Amazon CEO Andy Jassy had framed the AI moment as a “once-in-a-lifetime opportunity” that justifies the scale of spending. Amazon’s capital expenditure for the year is set at $200 billion, a significant increase from last year’s $131 billion.
Silicon Valley giants have been increasingly turning to debt and equity offerings for capital, marketing a shift from their usual reliance on cash reserves. Last month, Alphabet said it would raise some $85 billion in an upsized equity sale.
Earlier this year, Meta sold investment-grade bonds worth $25 billion, following a $30 billion bond sale in October 2025, which was the company’s biggest sale ever.
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SpaceX also recently announced a potential bond offering of at least $20 billion. This comes as the newly public company seeks funding for an ambitious, capital-intensive AI expansion. The offering would mark the first time the rockets-to-AI company has issued investment-grade dollar bonds. The size of the offering is not yet set and may change, reported sources said. Proceeds from the debt offering would refinance the bridge loan SpaceX took earlier this year as it acquired xAI.
Amazon Web Services (AWS) recently announced the launch of a new internal organization dedicated to AI-focused forward-deployed engineers (FDEs), who will work directly with customers to deploy purpose-built AI agents. The engineers will embed within client organizations, focusing on rapid deployments while helping customers become self-sufficient in managing and scaling AI systems.