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Meta plans to raise up to $95 billion in stock for AI

Meta said Monday it will sell about $35 billion in new stock now and plans a separate share-sale program of up to $60 billion starting in early 2027, to pay for its AI data centers and "personal superintelligence" push. Nvidia, AMD and Broadcom showed interest in buying up to $5 billion of the shares.

By US Brief desk · Updated 2026-10-26T13:13:00-07:00

AI-assisted · US Brief desk · Sources listed below

Meta's blue infinity-logo entrance sign reading Meta, 1 Hacker Way, in front of pine trees

What happened

Meta Platforms, the parent of Facebook, Instagram and WhatsApp, said Monday it is launching about $35 billion in public stock offerings: roughly $22.5 billion of Class A common stock and about $12.5 billion of depositary shares representing a new mandatory convertible preferred stock. It also plans an at-the-market program, in which a company sells new shares gradually at the going price, of up to $60 billion. That program would start after Meta's new nonvoting Class C shares begin trading, which Meta expects in the first quarter of 2027. Together that is up to $95 billion. Meta said the money supports "continued investment in AI infrastructure and personal superintelligence."

Why it matters

Selling new stock spreads a company's ownership across more shares, which is why share sales often weigh on the price. Meta's stock was down about 1.6% in morning trading, CNBC reported. The raise comes days after Meta reported 26% revenue growth to $64.6 billion but negative free cash flow, and lifted the bottom of its 2026 capital-spending forecast to a range of $135 billion to $145 billion. Meta says it is building four "superclusters" of more than 1 gigawatt each. It said it will fund the build-out with a mix of operating cash, investment-grade debt, partnerships and equity.

More context

Who's buying: Meta said Nvidia, AMD and Broadcom, the chipmakers that sell it AI hardware, indicated interest in buying up to $5 billion of the shares. The common stock is being sold through forward sale agreements with Morgan Stanley and Goldman Sachs, so Meta said it does not expect to receive money from that part right away; it gets the proceeds when the agreements settle. Underwriters get 30-day options to buy up to 37.5 million more depositary shares and up to $3.375 billion more common stock.

How it compares: The plan is one of several giant AI fundraisings this year. According to CNBC, Alphabet said in June it would look to raise $85 billion, and SpaceX closed a $40 billion debt financing to buy graphics chips. On the same day as Meta's announcement, Anthropic filed for its IPO, and The Wall Street Journal reported Google, Amazon and Broadcom have offered it $77 billion in financing. Goldman Sachs estimates AI-related capital spending could total about $7.6 trillion from 2026 through 2031, CNBC reported. Ben Wood of research firm CCS Insight told CNBC the offering "reflects the eye-watering levels of investment required to keep up in the AI arms race."

What's still unknown: the price of the new shares and the preferred stock's dividend and conversion terms, which are set at pricing; whether the chipmakers end up buying and how much; and whether the $60 billion program happens at all. Meta said it has "not entered into any agreement" for that program and its "timing, size and terms" have not been determined.

6 listed sources

References listed by US Brief; a source count is not a verification score.

Editorial sourcing notes

Deal terms come from Meta's Oct. 26, 2026 press release; market reaction and context from CNBC, The Wall Street Journal and The Guardian. Meta says it has no agreement yet for the $60 billion program and that its timing, size and terms are not set. The hero photo is a file photo (2022) of the sign at Meta's Menlo Park headquarters.

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