Nebius, a cloud computing company, just announced plans to spend $40 billion in 2027.
CEO Arkady Volozh says it will fund this huge move mostly through customer prepayments and loans backed by contracts.
But with such an ambitious plan, delays could be a real headache.
Microsoft NJ AI delayed by fine
One major snag: its AI project with Microsoft in New Jersey got pushed back after the site operator was fined for using unapproved generators.
Now, more than half of the launch is delayed until the end of 2026, with the rest coming in Q2 2027.
To keep things moving and money flowing, Nebius will cover up to 85% of its spending with early payments from Microsoft and Meta, plus some contract-backed loans, hoping this keeps its growth on track even if timelines slip.