Meta Platforms Upsizes Equity Offering to $97.5 Billion to Fund AI Infrastructure
Meta Platforms (META) has expanded its massive equity offering to a total of $97.5 billion following heavy investor demand, with its Class A offering being oversubscribed fivefold. The capital is intended to fund an aggressive artificial intelligence infrastructure buildout, which is projected to cost between $135 billion and $145 billion in 2026, nearly doubling the expected $72.2 billion expenditure for 2025. The financing plan includes $25 billion in Class A common stock, $12.5 billion in mandatory convertible preferred shares, and a $60 billion Class C non-voting share At-The-Market (ATM) program slated for early 2027. While the company's stock fell 1.64% amid concerns over rising capital expenditures, strategic investments totaling $4 billion from Nvidia and AMD to deepen AI partnerships provided some support.
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Topics: AI infrastructure spending capital raising equity offering stock market movement
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