Meta launches $35 billion stock offering to fund AI expansion

Meta Platforms announced on Monday the launch of a $35 billion public offering of common stock and convertible preferred stock. The social media giant seeks to fund its ambitious AI expansion plans. In addition to the initial offering, Meta has planned a subsequent at-the-market share sale program, which could raise up to $60 billion following the debut of its non-voting Class C shares expected in the first quarter of 2027.

This fundraising strategy coincides with Meta's increased expenditure on data centers, computing power, and AI products as it seeks to compete with industry leaders like OpenAI and Anthropic. As of September 30, Meta held $82.45 billion in cash, cash equivalents, and marketable securities, surpassing its long-term debt of $80.92 billion.

The company's long-term financial commitment extends to approximately $825 billion, primarily driven by investments in data centers, AI infrastructure, and cloud computing capabilities.