Meta is tapping investors for up to $95 billion to fund its AI build-out. In a Monday filing, the company said it has launched about $35 billion in equity offerings.
These comprise around $22.5 billion of Class A common stock and $12.5 billion in depositary shares representing preferred stock. It also plans a $60 billion at-the-market offering, where shares are sold gradually at prevailing prices, once its new Class C shares begin trading in the first quarter of 2027.
Zuckerberg’s “Personal Superintelligence” Gets a $95 Billion Funding Plan
Meta said it is investing in the infrastructure and compute capacity needed to bring “personal superintelligence to billions of people and businesses.” Nvidia, AMD and Broadcom have each expressed interest in buying up to $5 billion of the common stock, though those indications are not binding.
The company expects capital expenditures of $135 billion to $145 billion this year. It pointed to $97 billion of operating cash flow in the first nine months and about $82 billion in cash and liquid assets at the end of September.
Last quarter, revenue rose 26% to around $65 billion, but operating income fell 37% to $13 billion as costs jumped from about $31 billion to $52 billion. The Class C shares were introduced last week to help Mark Zuckerberg pay California’s proposed wealth tax without losing voting control. Meta stock swung between a 2% gain and a 0.4% loss in Monday premarket trading.
