Meta looks to raise up to $95 billion from stock sales to fund its huge AI build-out
Meta plans to raise fresh funds as it spends heavily on the AI infrastructure needed to develop consumer AI products.
Meta, the parent company of Facebook, WhatsApp, and Instagram, is seeking to raise up to $95 billion from two stock sales in order to fund its ambitious AI initiatives. CEO Mark Zuckerberg is a key figure in the ongoing AI race. The company has already issued around $35 billion in equity offerings, including $22.5 billion in Class A common stock and $12.5 billion in depositary shares representing preferred stock.
Meta plans to conduct a $60 billion at-the-market offering once its Class C shares begin trading in Q1 2027. The tech giant aims to expand its AI infrastructure and compute capacity to support its core business and new products, ultimately bringing personal superintelligence to billions of people and businesses. Nvidia, AMD, and Broadcom have shown interest in purchasing up to $5 billion of the common stock, though their commitments are not binding. Meta's stock price has risen by approximately 2% to $654 per share as of 8:04 a.m. ET.
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