Meta is building one of the world’s biggest undersea cable networks—it’s just one piece of a growing seafloor empire spanning 6 continents

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fortune
Meta is building one of the world’s biggest undersea cable networks—it’s just one piece of a growing seafloor empire spanning 6 continentsWorldPing
Image via Fortune.

What happened

Meta's Petal cable is the latest of more than 20 subsea projects the company has bet on as its AI push demands ever more data capacity.

Key facts

  • Meta's Petal cable is the latest of more than 20 subsea projects the company has bet on as its AI push demands ever more data capacity.
  • Reported by Fortune and published Sat, 03 Oct 2026 10:44:00 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Meta is building one of the world’s biggest undersea cable networks—it’s just one piece of a growing seafloor empire spanning 6 continents

  2. David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz

Sources

The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fortune

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