Meta Plans Up to $95 Billion in Equity Sales to Finance AI Expansion
The Facebook parent has launched roughly $35 billion in stock and preferred-share offerings and outlined a further $60 billion share-sale programme as it funds expanding AI infrastructure.
Meta Platforms announced a plan on Monday, October 26, to raise as much as $95 billion through equity sales as it seeks financing for a major expansion of artificial intelligence infrastructure and related products.
The company has launched approximately $35 billion of underwritten public offerings. According to its disclosures reported by Business Insider, the initial financing comprises about $22.5 billion in Class A common shares and $12.5 billion in depositary shares representing preferred stock. Those offerings are separate from a proposed at-the-market programme of up to $60 billion, which would allow the company to sell shares over time at prevailing market prices.
The second programme is expected to follow the start of trading in Meta's new Class C shares in the first quarter of 2027. Those shares would not carry voting rights, allowing the company to raise capital without a corresponding transfer of voting control away from its existing voting shareholders.
Meta said semiconductor suppliers Nvidia, AMD and Broadcom have indicated interest in buying shares in the current offering. The indications are not binding commitments, and the final participation of any company could differ from the amounts discussed. The prospective financing should therefore not be treated as money already received.
The announcement follows Meta's increased investment in data centres, computing capacity and AI services. It comes after the company outlined plans for annual capital expenditure of $135 billion to $145 billion in 2026. That forecast concerns investment spending, not the size of Monday's securities offering.
The planned stock sales may expand Meta's financial flexibility but could also dilute the economic ownership interests of existing shareholders. Whether the full $95 billion is ultimately raised will depend on offering terms, investor demand and future market conditions.
The announcement became public on Monday morning, with Reuters reporting it at 11:07 UTC and the Guardian carrying details at 11:41 UTC. The event is a financing announcement, not a completed $95 billion capital raise.
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