Research desk / 02 · Finance ledger
Follow the money.
Keep its meaning.
Budgets, contracts, arms sales and investment commitments cross borders. Read the financial records alongside the network—and keep the distinctions that make a claim defensible.
Different figures. Different meanings.
National military spending is not money paid to the US. An approved sale estimate is not a completed sale. A contract ceiling is not expenditure. Records may overlap; this ledger deliberately has no combined monetary total.
A global frame,
visible limits.
A dated atlas for international divestment, community organizing and ecological regeneration. Countries are retained for specific researched relationships; NATO membership alone does not qualify. Facility construction, operations, equipment, financing and policy relationships have separate roles and dates. Finance records are a selected sample, not a complete account of every alliance or financial flow. Proposed funding and organizing connections are marked separately.
Country labels describe record coverage, not a blanket claim about alliance status, responsibility, or where all the money goes.
Browse 17 countries in the ledgerSelect a country to filter ↓
Counts are records, not monetary values. A record spanning several countries appears in each relevant country count.
Source → qualification → connection
The open ledger
Snapshot
2026-09-28
The year filter uses the stated record date and explicit covered periods, including fiscal years. Reporting cutoffs are excluded; open-ended periods are indexed only at their stated year.
Anticipated equity round initial closingCrusoe: anticipated 2026 Series F, initial closing announcedContext record → Crusoe USD 3.9 billion anticipated round; initial closingDocumented 2026-09-17Global expansion
What this record establishes
Aggregate anticipated round co-led by Atreides Management, Mubadala Capital and Valor Equity Partners. The initial closing amount and individual allocations are not specified. Do not substitute the separate USD 30.9 billion post-money valuation or assign this financing wholly to Abilene.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Crusoe announces initial closing of anticipated Series F round ↗Crusoe · 2026-09-17
Company reports an initial closing of an anticipated USD 3.9 billion round. This is not evidence that every dollar had closed or been spent.
Connected profiles
Crusoe →Announced corporate investmentMicrosoft infrastructure, cybersecurity and workforce plan in JapanMicrosoft → Japan USD 10 billionDocumented 2026-04-03Global expansion
What this record establishes
Announced multi-year program spanning infrastructure and other commitments; not a completed spend or a Japanese government grant. It builds on an earlier 2024 announcement, which is not separately summed here.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Microsoft infrastructure, cybersecurity and workforce plan in Japan ↗Microsoft · 2026-04-03
Announced multi-year program spanning infrastructure and other commitments; not a completed spend or a Japanese government grant. It builds on an earlier 2024 announcement, which is not separately summed here.
Network context
Announced investmentDocumentedAnnounced contract value lower boundElbit military digital and AI systems awardsIsrael Ministry of Defense → Elbit Systems Over USD 100 millionDocumented 2026-02-09Global expansion
What this record establishes
Aggregate announced award lower bound across several contracts. Not a paid amount and not a per-project allocation.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Elbit announces digital warfare and border-defense contracts exceeding USD 100 million ↗Elbit Systems · 2026-02-09
Company announcement of several DDR&D/MAFAT contracts, including AI-assisted decision systems and target detection. The amount is an aggregate lower bound for announced awards, not verified expenditure.
Network context
Announced digital/AI contracts exceeding USD 100mDocumentedAnnounced contract valueIAI Arrow 3 follow-on contract for GermanyIsrael Ministry of Defense → Israel Aerospace Industries Approximately USD 3.1 billionDocumented 2026-01-12Global expansion
What this record establishes
Approximate follow-on contract value, not cash paid. It forms part of an overall Arrow program expected to exceed USD 6.5 billion; do not add that overall figure as a separate non-overlapping transaction.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- IAI announces approximately USD 3.1 billion Arrow 3 follow-on contract for Germany ↗Israel Aerospace Industries · 2026-01-12
Company states that it contracted with Israel MOD for expanded German procurement. The USD 3.1 billion follow-on is part of a program expected to exceed USD 6.5 billion; only the follow-on is recorded as a financial item here.
Proposed sale estimateSouth Korea: GBU-39/B Small Diameter Bombs packageSouth Korea → US foreign military sales USD 111.8 millionDocumented 2025-12-05Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- South Korea: GBU-39/B Small Diameter Bombs package ↗Defense Security Cooperation Agency · 2025-12-05
Possible Foreign Military Sale. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Network context
Possible arms saleDocumentedProposed sale estimateCanada: Air strike weapons packageCanada → US foreign military sales USD 2.68 billionDocumented 2025-12-04Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Canada: Air strike weapons package ↗Defense Security Cooperation Agency · 2025-12-04
Possible Foreign Military Sale; transmittal 25-98. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Network context
Possible arms saleDocumentedProposed sale estimateGermany: AIM-120D-3 missile packageGermany → US foreign military sales USD 1.23 billionDocumented 2025-09-25Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Germany: AIM-120D-3 missile package ↗Defense Security Cooperation Agency · 2025-09-25
Possible Foreign Military Sale; transmittal 25-81. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Proposed sale estimateUnited Kingdom: C-17 aircraft sustainment supportUnited Kingdom → US foreign military sales USD 861 millionDocumented 2025-08-26Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- United Kingdom: C-17 aircraft sustainment support ↗Defense Security Cooperation Agency · 2025-08-26
Possible Foreign Military Sale. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
CeilingCDAO frontier-AI award ceilingUS Department of Defense → Google USD 200,000,000Documented 2025-07-14Core research
What this record establishes
Up to Ceiling, not expenditure. Do not sum with obligations or investment totals.
A ceiling or award value is not evidence that the full amount has been spent. Read the source and record qualification.
Read the source
- Frontier AI awards: four ceilings of $200 million ↗CDAO / 14 July 2025
Imported from the checked September 2026 guide; retain historical scope and publication dates.
Network context
2025 AI awardDocumentedCeilingCDAO frontier-AI award ceilingUS Department of Defense → OpenAI USD 200,000,000Documented 2025-07-14Core research
What this record establishes
Up to Ceiling, not expenditure. Do not sum with obligations or investment totals.
A ceiling or award value is not evidence that the full amount has been spent. Read the source and record qualification.
Read the source
- Frontier AI awards: four ceilings of $200 million ↗CDAO / 14 July 2025
Imported from the checked September 2026 guide; retain historical scope and publication dates.
Network context
2025 AI awardDocumentedCeilingCDAO frontier-AI award ceilingUS Department of Defense → Anthropic USD 200,000,000Documented 2025-07-14Core research
What this record establishes
Up to Ceiling, not expenditure. Do not sum with obligations or investment totals.
A ceiling or award value is not evidence that the full amount has been spent. Read the source and record qualification.
Read the source
- Frontier AI awards: four ceilings of $200 million ↗CDAO / 14 July 2025
Imported from the checked September 2026 guide; retain historical scope and publication dates.
Network context
2025 AI awardDocumentedCeilingCDAO frontier-AI award ceilingUS Department of Defense → xAI USD 200,000,000Documented 2025-07-14Core research
What this record establishes
Up to Ceiling, not expenditure. Do not sum with obligations or investment totals.
A ceiling or award value is not evidence that the full amount has been spent. Read the source and record qualification.
Read the source
- Frontier AI awards: four ceilings of $200 million ↗CDAO / 14 July 2025
Imported from the checked September 2026 guide; retain historical scope and publication dates.
Network context
2025 AI awardDocumentedCorporate credit facilityBrookfield infrastructure debt facility for CrusoeBrookfield Asset Management → Crusoe USD 750 million credit facilityDocumented 2025-06-11Global expansion
What this record establishes
Credit availability, not verified drawings or expenditure. Supports company development and cloud infrastructure; no full allocation to Abilene is established.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Crusoe secures USD 750 million credit facility ↗Crusoe · 2025-06-11
Brookfield infrastructure debt; availability is not evidence the full credit line was drawn or spent at Abilene.
Network context
Infrastructure debt facilityDocumentedProject joint venture financingAbilene: expanded project joint ventureContext record → Abilene / Lancium campus USD 15 billion total joint-venture financingDocumented 2025-05-21Global expansion
What this record establishes
Full project financing envelope shared across sponsors and phases. It is not each partner’s contribution, a facility purchase price, or a verified spent-to-date figure. Earlier phase financing may be contained within this total.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Abilene joint venture expands to USD 15 billion ↗Crusoe · 2025-05-21
Joint-venture funding envelope covering the expanded campus, not each sponsor’s contribution or verified spending.
Connected profiles
Abilene / Lancium campus →Announced joint investment lower boundAWS–HUMAIN Saudi AI Zone: joint investment planAmazon Web Services → HUMAIN More than USD 5 billionDocumented 2025-05-13Global expansion
What this record establishes
Joint announced plan. The amount is a lower bound, not an exact total or the contribution of either participant. Distinct from AWS’s separate USD 5.3 billion Saudi region announcement.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- AWS and HUMAIN: Saudi AI Zone investment announcement ↗Amazon / AWS · 2025-05-13
Joint investment plan of more than USD 5 billion. Not an audited disbursement total, not entirely AWS funding, and not entirely Saudi public money.
Network context
Announced investmentDocumentedProposed sale estimateUnited Arab Emirates: CH-47F Chinook helicopter packageUnited Arab Emirates → US foreign military sales USD 1.32 billionDocumented 2025-05-12Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- United Arab Emirates: CH-47F Chinook helicopter package ↗Defense Security Cooperation Agency · 2025-05-12
Possible Foreign Military Sale. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Network context
Possible arms saleDocumentedProposed sale estimateSaudi Arabia: AIM-120C-8 missile packageSaudi Arabia → US foreign military sales USD 3.5 billionDocumented 2025-05-02Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Saudi Arabia: AIM-120C-8 missile package ↗Defense Security Cooperation Agency · 2025-05-02
Possible Foreign Military Sale; transmittal 25-33. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Proposed sale estimateAustralia: AIM-120C and AIM-120D missile packageAustralia → US foreign military sales USD 1.04 billionDocumented 2025-04-09Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Australia: AIM-120C and AIM-120D missile package ↗Defense Security Cooperation Agency · 2025-04-09
Possible Foreign Military Sale; transmittal 25-10. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Proposed sale estimatePhilippines: F-16 aircraft packagePhilippines → US foreign military sales USD 5.58 billionDocumented 2025-04-01Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Philippines: F-16 aircraft package ↗Defense Security Cooperation Agency · 2025-04-01
Possible Foreign Military Sale; transmittal 25-11. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Proposed sale estimateQatar: MQ-9B remotely piloted aircraft packageQatar → US foreign military sales USD 1.96 billionDocumented 2025-03-26Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Qatar: MQ-9B remotely piloted aircraft package ↗Defense Security Cooperation Agency · 2025-03-26
Possible Foreign Military Sale; transmittal 25-16. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Proposed sale estimateIsrael: Munitions and munitions supportIsrael → US foreign military sales USD 2.04 billionDocumented 2025-02-28Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Israel: Munitions and munitions support ↗Defense Security Cooperation Agency · 2025-02-28
Possible Foreign Military Sale. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Network context
Possible arms saleDocumentedProposed sale estimateJapan: Standard Missile 6 Block I packageJapan → US foreign military sales USD 900 millionDocumented 2025-01-31Global expansion
What this record establishes
State Department approval of a possible Foreign Military Sale. The estimate covers the notified package, including support; it is not an invoice, completed purchase, obligation, disbursement, or an allocation to an individual contractor.
An announced or approved sale estimate is not proof of a completed contract, delivery, or payment.
Read the source
- Japan: Standard Missile 6 Block I package ↗Defense Security Cooperation Agency · 2025-01-31
Possible Foreign Military Sale; transmittal 25-06. Search-indexed official release checked; direct retrieval of several DSCA article pages returned 403. Amount is the notified estimate, not actual expenditure.
Completed venture equity roundCrusoe: Series D equity roundContext record → Crusoe USD 600 million round totalDocumented 2024-12-12Global expansion
What this record establishes
Aggregate across all participants; not Founders Fund’s or another investor’s individual contribution. The company-wide round does not assign facility ownership.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Crusoe closes USD 600 million Series D ↗Crusoe · 2024-12-12
Company announcement lists the round lead and participants. No individual contribution or facility ownership is specified.
Connected profiles
Crusoe →Donation disclosure rangeAWS contribution disclosed by CNASAmazon Web Services → Center for a New American Security USD 100,000–249,999 disclosed bandDocumented 2024-10-01 to 2025-09-30Global expansion
What this record establishes
AWS is separately named from Amazon.com in the donor list. This band is not an exact contribution or evidence it financed a particular publication.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- CNAS supporters, October 2024–September 2025 ↗CNAS
Disclosed contribution bands; donors are not identified as commissioning the particular report linked elsewhere. CNAS states editorial independence.
Network context
Disclosed research-institution donorDocumentedDonation disclosure rangeMicrosoft contribution disclosed by CNASMicrosoft → Center for a New American Security USD 50,000–99,999 disclosed bandDocumented 2024-10-01 to 2025-09-30Global expansion
What this record establishes
Disclosed band only; no exact payment or project allocation is inferred. CNAS states its research is editorially independent.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- CNAS supporters, October 2024–September 2025 ↗CNAS
Disclosed contribution bands; donors are not identified as commissioning the particular report linked elsewhere. CNAS states editorial independence.
Network context
Disclosed research-institution donorDocumentedFundraising targetAI Infrastructure Partnership: collective equity targetAI Infrastructure Partnership USD 30 billion equity targetDocumented 2024-09-17Global expansion
What this record establishes
Collective equity fundraising target, not investment already made. The same announcement’s up to USD 100 billion including debt contains this equity target; do not add the two. No partner allocation is supplied.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- BlackRock, GIP, Microsoft and MGX launch AI infrastructure partnership ↗MGX · 2024-09-17
USD 30 billion equity fundraising goal and up to USD 100 billion investment potential including debt; the latter contains the former. Neither is booked expenditure or MGX’s own contribution.
Connected profiles
AI Infrastructure Partnership →Acquisition enterprise value lower boundAirTrunk consortium acquisition: enterprise-value basisContext record → AirTrunk Over AUD 24 billion implied enterprise valueDocumented 2024-09-04Global expansion
What this record establishes
Consortium-wide implied enterprise value includes committed-project capital expenditure. It is neither one investor’s payment nor annual operating expenditure. The completion source subsequently describes the deal as A$24 billion.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- AirTrunk acquisition agreement and valuation basis ↗Blackstone · 2024-09-04
Company announcement. Enterprise value includes capital expenditure for committed projects; it is not cash invested by one consortium member.
- Completion of AirTrunk acquisition ↗AirTrunk · 2024-12-23
Operator announcement confirms completion by Blackstone-led consortium including CPP Investments.
Connected profiles
AirTrunk →Completed equity roundVantage: completed multi-investor equity roundContext record → Vantage Data Centers USD 9.2 billion aggregate equity investmentDocumented 2024-06-13Global expansion
What this record establishes
Whole round led by managed DigitalBridge and Silver Lake vehicles. Individual contributions are undisclosed; do not duplicate the total across both lead-investor edges. Includes primary and other equity, not a USD 9.2 billion construction-spending claim.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Vantage completes USD 9.2 billion equity investment ↗Vantage Data Centers · 2024-06-13
Full multi-investor round; investor-by-investor amounts are not disclosed here. Prior AustralianSuper investment is separate.
Connected profiles
Vantage Data Centers →Contract awardElmina construction package awarded to GamudaContext record → Gamuda Engineering MYR 815 millionDocumented 2024-05-24Global expansion
What this record establishes
Contractor award value; the payer is not specified in this release. Payments and completion are unverified. Facility linkage is retained in the corresponding construction edge; separate from the MEP award.
A ceiling or award value is not evidence that the full amount has been spent. Read the source and record qualification.
Read the source
- Gamuda secures contracts for Elmina Business Park hyperscale data centre ↗Gamuda Berhad · 2024-05-24
Separate construction and MEP awards. Original target dates are not evidence of actual completion or payments.
Connected profiles
Gamuda Engineering →Network context
Construction, testing and commissioningDocumentedContract awardElmina MEP fit-out package awarded to GamudaContext record → Gamuda Engineering MYR 928.6 millionDocumented 2024-05-24Global expansion
What this record establishes
Contractor award value; the payer is not specified in this release. Payments and completion are unverified. Facility linkage is retained in the corresponding MEP edge; separate from the construction award.
A ceiling or award value is not evidence that the full amount has been spent. Read the source and record qualification.
Read the source
- Gamuda secures contracts for Elmina Business Park hyperscale data centre ↗Gamuda Berhad · 2024-05-24
Separate construction and MEP awards. Original target dates are not evidence of actual completion or payments.
Connected profiles
Gamuda Engineering →Network context
MEP fit-out, testing and commissioningDocumentedAnnounced corporate investmentMicrosoft cloud and AI infrastructure in FranceMicrosoft → France EUR 4 billionDocumented 2024-05-13Global expansion
What this record establishes
Company announcement for infrastructure expansion in France. It is not a French government payment to Microsoft, and the announcement does not verify final disbursement.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Microsoft cloud and AI infrastructure in France ↗Microsoft · 2024-05-13
Company announcement for infrastructure expansion in France. It is not a French government payment to Microsoft, and the announcement does not verify final disbursement.
Network context
Announced investmentDocumentedAnnounced equity investmentMicrosoft minority investment in G42Microsoft → G42 USD 1.5 billionDocumented 2024-04-15Global expansion
What this record establishes
Announced minority equity investment; not a UAE government budget, grant, or military contract. Later country-wide Microsoft investment totals may already include this amount.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Microsoft announces minority investment in G42 ↗Microsoft · 2024-04-15
Dated corporate announcement; the underlying transaction and government assurances have distinct scopes.
Network context
Announced equity investmentDocumentedAnnounced corporate investmentMicrosoft cloud and AI infrastructure in GermanyMicrosoft → Germany EUR 3.2 billionDocumented 2024-02-15Global expansion
What this record establishes
Announced corporate investment in Germany’s cloud and AI capacity. Keep the two-year investment horizon distinct from training targets and national military expenditure.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Microsoft cloud and AI infrastructure in Germany ↗Microsoft · 2024-02-15
Announced corporate investment in Germany’s cloud and AI capacity. Keep the two-year investment horizon distinct from training targets and national military expenditure.
Network context
Announced investmentDocumentedNational expenditure estimateCanada: national defence expenditure, 2024 estimateCanada USD 32,334 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
Canada →National expenditure estimateFrance: national defence expenditure, 2024 estimateFrance USD 64,469 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
France →National expenditure estimateGermany: national defence expenditure, 2024 estimateGermany USD 93,747 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
Germany →National expenditure estimateNetherlands: national defence expenditure, 2024 estimateNetherlands USD 21,858 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
Netherlands →National expenditure estimateNorway: national defence expenditure, 2024 estimateNorway USD 10,792 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
Norway →National expenditure estimateUnited Kingdom: national defence expenditure, 2024 estimateUnited Kingdom USD 84,169 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
United Kingdom →National expenditure estimateUnited States: national defence expenditure, 2024 estimateUnited States USD 935,000 millionDocumented 2024; report cutoff 3 June 2025Global expansion
What this record establishes
NATO Table 2, current prices and exchange rates, 2024e column. National defence spending estimate, rounded to USD millions. It is not a payment to NATO or the US and must not be added to sales notices or investment announcements.
National expenditure or budget context. This is not a payment to the United States and must not be added to individual sales.
Read the source
- Defence expenditure of NATO countries, 2014–2025 ↗NATO
Table 2, printed page 8: 2024e column, current USD millions. Report information cutoff: 3 June 2025. Values are estimates rounded by NATO, not final accounts. Iceland has no row.
Connected profiles
United States →Announced corporate investmentMicrosoft AI data-center investment in the UKMicrosoft → United Kingdom GBP 2.5 billionDocumented 2023-11-30Global expansion
What this record establishes
Historical corporate plan, stated in its original GBP denomination. This record does not establish total expenditure by 2026 or convert the amount to a current exchange rate.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Microsoft AI data-center investment in the UK ↗Microsoft · 2023-11-30
Historical corporate plan, stated in its original GBP denomination. This record does not establish total expenditure by 2026 or convert the amount to a current exchange rate.
Network context
Announced investmentDocumentedAnnounced corporate investmentMicrosoft cloud and AI infrastructure in AustraliaMicrosoft → Australia AUD 5 billionDocumented 2023-10-24Global expansion
What this record establishes
Historical corporate investment announcement, alongside a cyber-security partnership. The full sum is not a payment for surveillance or military services. A separate 2026 expansion exists; this is the original dated record.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Microsoft cloud and AI infrastructure in Australia ↗Microsoft · 2023-10-24
Historical corporate investment announcement, alongside a cyber-security partnership. The full sum is not a payment for surveillance or military services. A separate 2026 expansion exists; this is the original dated record.
Network context
Announced investmentDocumentedAnnounced minority equity investmentAustralianSuper: investment in Vantage EMEAAustralianSuper → Vantage Data Centers EUR 1.5 billion announced regional investmentDocumented 2023-09-12Global expansion
What this record establishes
Regional platform investment. Euro amount is stated in Vantage’s later financing announcement; AustralianSuper’s original release describes the same agreement in Australian-dollar terms. Do not add currency representations of the same deal.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- AustralianSuper investment agreement for Vantage EMEA ↗AustralianSuper · 2023-09-12
Announcement describes a significant minority stake in the EMEA business; not ownership of every Vantage facility.
- Vantage completes USD 9.2 billion equity investment ↗Vantage Data Centers · 2024-06-13
Full multi-investor round; investor-by-investor amounts are not disclosed here. Prior AustralianSuper investment is separate.
Network context
Minority investment in EMEADocumentedCorporate credit facilityCoreWeave: 2023 syndicated debt facilityContext record → CoreWeave USD 2.3 billion debt facilityDocumented 2023-08-03Global expansion
What this record establishes
Full facility co-led by Blackstone and Magnetar with other participants. No lender-specific amount or current outstanding balance is supplied.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- CoreWeave announces USD 2.3 billion debt facility ↗CoreWeave · 2023-08-03
Named lending leads and participants. This historical debt facility is not equity ownership or a current debt-balance estimate.
Connected profiles
CoreWeave →Reported contract valueHPE Aviv population-registry servers and maintenanceIsrael Population and Immigration Authority → Hewlett Packard Enterprise NIS 3,829,410Reported 2023-05Global expansion
What this record establishes
Original-shekel contract figure reported by Who Profits. The profile also prints a USD equivalent, which is omitted to avoid an unexplained exchange-rate conversion. No payment ledger or post-June 2026 renewal is included.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- HPE: Population Authority, police and prison-system service contracts ↗Who Profits Research Center
Original research profile linked by BNC. Specific contract periods are preserved; no renewal after their stated expiry is assumed.
Network context
Reported Aviv server and maintenance contractReportedReported contract value lower boundDell server tender financed through US aidIsrael Ministry of Defense → Dell Technologies Over USD 150 millionReported 2023-01Global expansion
What this record establishes
Reported tender scope exceeds the numeric lower bound. Not expenditure, not a newly announced 2026 contract, and not evidence of a post-term renewal.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Dell Technologies: military server tenders and US-aid funding ↗Who Profits Research Center
Original research profile linked by BNC. It reports a January 2023 two-year server tender exceeding USD 150 million financed through US aid. This edition has not independently inspected the underlying tender or payment ledger.
Announced investmentEquinix SG5 announced expansion investmentEquinix → Equinix SG5 USD 86 millionDocumented 2022-04-21Global expansion
What this record establishes
Company-announced investment associated with expansion, not an audited payment total or the cost of every SG5 phase.
An announced investment or commitment is not equivalent to verified disbursement. Timing and scope matter.
Read the source
- Equinix expands its fifth Singapore data center, SG5 ↗Equinix · 2022-04-21
SG5 is a specific nine-storey facility in Tanjong Kling. Expansion announcement is not a disbursement account.
Network context
Operates and expands SG5DocumentedAcquisition value including debtQTS acquisition by Blackstone-affiliated fundsBlackstone → QTS Data Centers Approximately USD 10 billion, including debtDocumented 2021-08-31Global expansion
What this record establishes
Historical transaction price including debt, not a fresh construction allocation or present asset valuation.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- Blackstone funds complete QTS acquisition ↗Blackstone · 2021-08-31
Transaction value includes debt; historical completed acquisition, not annual capital expenditure.
Network context
Funds completed acquisitionDocumentedDonation disclosure thresholdAnthropic: ITIF supporter disclosureAnthropic → Information Technology and Innovation Foundation More than USD 10,000; exact amount undisclosedDocumented Past fiscal year in webpage; exact year dates not specifiedGlobal expansion
What this record establishes
The live supporter list states a reporting threshold. Neither a specific gift nor funding of the energy report is identified. Retrieved 2026-09-28.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- ITIF supporters disclosure ↗ITIF
Page lists supporters above USD 10,000 in the past fiscal year without specifying the list’s exact fiscal-year dates. No gift amount is inferred.
Network context
Listed financial supporterDocumentedDonation disclosure thresholdMicrosoft: ITIF supporter disclosureMicrosoft → Information Technology and Innovation Foundation More than USD 10,000; exact amount undisclosedDocumented Past fiscal year in webpage; exact year dates not specifiedGlobal expansion
What this record establishes
The live supporter list states a reporting threshold. Neither a specific gift nor funding of the energy report is identified. Retrieved 2026-09-28.
Read the original scope, date, and accounting basis. A figure in this ledger may overlap with another record or use a different valuation basis.
Read the source
- ITIF supporters disclosure ↗ITIF
Page lists supporters above USD 10,000 in the past fiscal year without specifying the list’s exact fiscal-year dates. No gift amount is inferred.
Network context
Listed financial supporterDocumentedA reading discipline
Make the claim
the source supports.
A large number can establish scale. It does not establish every connection around it. Keep the accounting basis visible when you share a finding.
- 01
Separate stock, flow and permission.
A national annual budget, an investment pledge, a sales notification and a contract ceiling answer different questions. Preserve the original currency and period.
- 02
Trace the actual counterparties.
A national military spending estimate is background context. A cross-border record needs named parties and a source explaining their relationship.
- 03
Check status and duplication.
A later award can sit inside an earlier announced ceiling. A proposed sale may change or never complete. Never add records together without reconciling them first.
- 04
Carry the uncertainty into action.
Attach the source, date, qualifier and unanswered question to a community research brief. Ask institutions for records that can confirm or correct the claim.
From a record to a shared demand
Who can change
this relationship?
Use the map to identify an institution your group can approach: a council, university, pension fund, workplace or procurement office. Then build a documented, achievable demand together.