Amazon launches $25B bond sale for AI infrastructure

Amazon.com Inc. has launched a multibillion-dollar bond sale to fund its massive artificial intelligence infrastructure expansion, joining a wave of major technology companies turning to debt markets to finance the costly AI race. The company filed regulatory paperwork on Tuesday, July 7, 2026, for an eight-part offering seeking to raise at least $25 billion.

The sale consists of senior unsecured notes with maturities ranging from three to 40 years, including both fixed-rate and floating-rate securities. Preliminary pricing indicated the longest-dated bonds, maturing in 2066, would offer a yield of about 1.45 percentage points above comparable U.S. Treasuries. The offering is being managed by Barclays, Goldman Sachs, J.P. Morgan, and Morgan Stanley.

Proceeds are earmarked for general corporate purposes, which a company spokesperson said includes future capital expenditures, investments, and the repayment or refinancing of existing debt. The primary driver is Amazon's aggressive spending on AI and cloud computing infrastructure through its Amazon Web Services division.

This offering continues an aggressive debt-raising campaign in 2026. Earlier this year, Amazon secured $37...