Meta Platforms said Monday, October 26, that it plans to raise up to $95 billion by selling stock to help pay for its expanding AI effort, including data centers, computing capacity and AI products.
The company has launched public offerings totaling about $35 billion, including $22.5 billion in Class A common stock and $12.5 billion in depositary shares for preferred stock that is required to convert into common stock. Meta also plans a separate share-sale program of up to $60 billion. The program would let Meta sell shares over time after its new non-voting Class C stock begins trading.
That stock is expected to begin trading in the first quarter of 2027. Meta says the money will support AI opportunities across its apps, its Muse AI agent and its data-center business. The company is also pursuing its broader ambitions in superintelligence.
The financing comes as Meta forecasts capital spending of $135 billion to $145 billion this year. Meta's third-quarter revenue rose 26% from a year earlier to $64.6 billion. As of September 30, its cash and investments it could readily sell were slightly greater than its long-term debt.
The planned fundraising would add to the resources Meta can put toward its expansion. Issuing shares can reduce existing shareholders' ownership stakes. Meta has said it expects to fund its investments with cash generated by its operations, borrowing, partnerships and stock sales.