Posture

expanding

med confidence · as of 2026-07-26 · about Google

All-in buildout-race — TPU + Gemini scale-up with capex ramping to ~$132B/yr TTM (from ~$91B FY25); a ~$85B debt raise now funds the buildout.

Sourced figures 2

kestrel attention/board.yaml google (classify anchor) board.yaml posture: expanding — 'classify 2026-07-24 (buildout-race dominant)'
2026-07 med
stockanalysis.com GOOGL cash-flow statement capex jumped FY25 $91,447M -> TTM $132,402M (buildout acceleration)
2026-06 high

the working

Basis

All-in buildout-race — TPU + Gemini scale-up with capex ramping to ~$132B/yr TTM (from ~$91B FY25); a ~$85B debt raise now funds the buildout.

Threads 9

Apple × Gemini developing
Frontier Gatekeeping open
Hyperscaler Capex open
Google Capex developing
Where the Capex Lands open
Compute Spend open
In-House Silicon open
Big Tech into Health open
Google Health open

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Google.