Meta eyes record US$97.5bil equity raise to fund AI expansion
NEW YORK: Meta Platforms said on Tuesday it increased its largest-ever equity fundraising to US$97.5 billion as the social media giant aggressively expands its artificial intelligence (AI) infrastructure.
Meta Platforms plans to raise up to $95 billion through equity offerings to fund its expanding artificial intelligence infrastructure. According to Daily Times, the company intends to use the funds for technology investments, including cloud computing capacity and data centers, to compete with major AI developers such as Anthropic and OpenAI.
Ventureburn reports that this represents the largest equity financing effort in Big Tech history and marks the first time since 2013 that the company has approached public markets for such a massive liquidity injection. The fundraising is planned in two phases: an immediate $35 billion underwritten public offering involving Class A common stock and convertible preferred shares, followed by a $60 billion at-the-market equity program in early 2027 utilizing non-voting Class C shares.
Nasdaq Markets describes the move as the company's largest-ever equity fundraising as it ramps up spending on AI infrastructure.
Brief written by urgent.news from Nasdaq Markets, Ventureburn, Daily Times — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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