Meta Secures 1 GW Orbital Solar Power and Faces China’s $2B Manus Deal Block
Meta signs agreement to secure up to 1 gigawatt of capacity from Overview Energy’s space-based solar system with an orbital demo in 2028 and commercial delivery by 2030. China’s National Development and Reform Commission has formally blocked Meta’s $2 billion acquisition of AI startup Manus, halting the planned cross-border transaction.
1. Space-based Solar Partnership
Meta Platforms has signed an agreement to secure up to 1 gigawatt of capacity from Overview Energy’s space-based solar infrastructure for its data centers, aiming for an initial orbital demonstration in 2028 and commercial power delivery by 2030 to ensure uninterrupted energy supply.
2. China Blocks $2 B Manus Acquisition
China’s National Development and Reform Commission has prohibited Meta’s planned $2 billion takeover of AI startup Manus, requiring all parties to withdraw from the transaction without providing specific reasons, representing a significant setback to Meta’s strategy to expand its AI capabilities.