Meta launches $95bn stock offering to fund AI expansion

Summarised from 2 outlets · Updated 26 Oct, 12:38 · Archive

Meta is raising $95 billion through stock offerings to fund artificial intelligence infrastructure and development.

Meta announced on Monday that it will raise $95 billion through stock offerings to fund artificial intelligence infrastructure and superintelligence. Chipmakers Nvidia, AMD and Broadcom will serve as cornerstone investors, with each eyeing up to $5 billion in shares. The company will initially raise $35 billion in underwritten public equity offerings, followed by $60 billion through an at-the-market program.

Meta said the funding will support emerging AI opportunities including its family of apps, its AI agent Muse and its data center business. The company plans to balance funding through operating cash flow, investment-grade debt, partnerships and equity capital. Goldman Sachs estimates that AI-related capital spending could total about $7.6 trillion from 2026 through 2031 across compute, data centres and power.

Meta is building four 'superclusters' with more than one gigawatt of capacity each and is on track to nearly double total infrastructure capacity in 2026 on a year-over-year basis. The announcement came after Meta posted third-quarter results showing revenue jumped 26 per cent year-on-year to $64.60 billion, though investors focused on the company's negative free cash flow and higher full-year capital expenditure forecast, now ranging from $135 billion to $145 billion.

How it is being reported

• Meta announces $95 billion stock offering to fund AI expansionMeta plans to raise $95 billion to fund AI infrastructure and superintelligence, as Nvidia, AMD and Broadcom eye up to $5 billion in shares.CNBC · 26 Oct, 12:22
• Meta plans $95bn stock offering to bankroll AI expansionChipmakers Nvidia, AMD and Broadcom will act as cornerstone investorsFinancial Times · 26 Oct, 11:15

In this story: Meta · Nvidia · AMD · Broadcom · Goldman Sachs

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