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Meta plans to raise up to $95 billion in equity to fund AI expansion
What happened
Meta Platforms said Monday it plans to raise up to $95 billion in equity to fund its AI-related expansion of data centers, cloud computing power and other infrastructure. It launched public offerings of about $35 billion in common stock and convertible preferred stock, and plans a separate at-the-market sale program of up to $60 billion after its new non-voting Class C shares begin trading, expected in the first quarter of 2027. Meta had cash, equivalents and marketable securities of $82.45 billion at September 30, slightly above its $80.92 billion of long-term debt.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Meta / META (watchlist; shares rose ~1.5% premarket despite dilution, as equity funding is seen as safer than more debt)
- Nvidia / NVDA, AMD, Broadcom (chip suppliers; expressed interest in up to $5 billion of Meta Class A stock, tying them to Meta's buildout)
- AI infrastructure and data-center names (Meta's spending is a demand signal for the whole AI capex chain)
- Mag 7 peers (Meta's funding choice sets a template — equity vs debt — for AI spending debates into MSFT/GOOGL/AMZN earnings this week)