Meta opens $35bn stock sales to fund AI infrastructure
Meta said it launched about $35 billion in stock offerings and may sell up to $60 billion more after non-voting Class C shares begin trading, expected in the first quarter of 2027.
Meta said it plans to raise up to $95 billion in equity to fund AI-related data centres, cloud computing and infrastructure.
The company launched public offerings of about $35 billion in common and convertible preferred stock, plus a planned at-the-market sale of up to $60 billion after Class C shares trade.
Nvidia, Advanced Micro Devices and Broadcom have expressed interest in buying up to $5 billion of Meta’s Class A common stock.
Meta reported a $2.12 billion cash burn in the third quarter, its first negative free cash flow in over ten years.
Capital expenditure for this year is now expected at $135 billion to $145 billion, after Meta raised the lower end of its forecast last week.