AI cloud computing company Nebius plans up to $45 billion in spending in 2027

TechFlow, citing TechCrunch on November 13, reported that AI cloud computing company Nebius plans $40 billion to $45 billion in capital expenditures in 2027 and expects customer prepayments and asset financing based on investment-grade contracts to cover up to 85% of that amount.

Nebius's New Jersey data center project providing compute capacity for Microsoft has been delayed by several months. The company currently plans to deliver slightly more than half of Microsoft's compute capacity by the end of this year, with the remainder scheduled for delivery in Q2 2027. Nebius said Microsoft participated in the relevant planning but did not disclose whether Microsoft agreed to the new delivery schedule.

Nebius expects 2027 revenue of $12 billion to $13 billion and anticipates reaching pre-tax break-even in Q4. Due to delays at third-party sites, the company lowered its 2026 revenue outlook by $200 million to $3 billion.

Source: TechFlow