Meta Platforms launched a plan to raise as much as USD 95 billion from equity investors as it accelerates spending on artificial intelligence. The company will use the proceeds to expand data centers, secure computing capacity and support its push towards personal superintelligence. The announcement marks a major shift in how Meta funds its AI ambitions.
Meta started concurrent public offerings worth about USD 35 billion. The package includes USD 22.5 billion of Class A common stock and roughly USD 12.5 billion of depositary shares representing mandatory convertible preferred stock.
The company also outlined a separate at-the-market share sale program of up to USD 60 billion. This program will use new non-voting Class C shares and is expected to begin after those shares start trading in January 2027. The company reported third-quarter revenue of USD 64.60 billion, up 26 percent year on year.
Chipmakers Nvidia, AMD and Broadcom have expressed interest in buying up to USD 5 billion of shares collectively as cornerstone investors. Meta’s fundraising follows another increase in its AI investment outlook. The company expects capital expenditure of up to USD 145 billion in 2026, reflecting the high cost of chips, data centers, power and network capacity.
The equity plan gives Meta financial flexibility, but it will dilute existing shareholders if Meta completes the full USD 95 billion program. The immediate USD 35 billion offering is underway, while the USD 60 billion component remains subject to market conditions and the launch of the Class C share program.
Meta shares initially rose in premarket trading after the announcement. The USD 95 billion plan shows that the AI race now requires balance-sheet strength as much as research talent. For Meta, the challenge is to fund the buildout without weakening shareholder returns.
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