Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, has announced plans to raise up to $95 billion through stock offerings to finance its ambitious artificial intelligence (AI) expansion. The company launched approximately $35 billion in public offerings on October 26, 2026, and plans to establish a separate stock sale programme worth up to $60 billion in 2027.
The fundraising comes as CEO Mark Zuckerberg accelerates investment in AI infrastructure, data centres, computing capacity and advanced AI products. Meta expects its capital expenditure to reach between $135 billion and $145 billion in 2026, highlighting the enormous financial commitments involved in competing with other major AI developers.
Meta Launches $35 Billion Stock Offering
Meta’s initial fundraising round consists of two separate offerings: approximately $22.5 billion in Class A common stock and $12.5 billion in depositary shares representing mandatory convertible preferred stock.
The company intends to use the proceeds to support its broader corporate and AI infrastructure requirements. The offerings form part of a financing strategy designed to diversify Meta’s funding sources as its spending on AI continues to rise.
The preferred shares are structured to convert into common stock under specified conditions, with the conversion expected around August 2029 unless an earlier conversion occurs.
Additional $60 Billion Stock Sale Planned for 2027
Meta also plans to establish an at-the-market stock offering programme of up to $60 billion. The programme is expected to begin after its new non-voting Class C common shares start trading, potentially in the first quarter of 2027.
An at-the-market programme allows a company to sell shares gradually through the stock market rather than raising the entire amount in a single transaction.
However, Meta has not finalised the programme’s terms and has not entered into an agreement to establish it. The proposed $60 billion represents a potential fundraising capacity, not a confirmed amount that Meta will necessarily raise.
The planned Class C shares would allow Meta to seek additional equity capital without directly changing the voting control associated with its existing voting share classes.
Nvidia, AMD and Broadcom Express Interest in Buying Shares
Three major semiconductor companies — Nvidia, Advanced Micro Devices (AMD) and Broadcom — have indicated interest in purchasing up to $5 billion worth of Meta’s Class A common stock collectively.
The companies would participate at the same price and on the same terms as other investors. Their indications of interest are non-binding, meaning they could ultimately purchase more shares, fewer shares or none.
The potential participation of these chipmakers highlights the increasingly interconnected financial relationships between AI infrastructure providers and companies investing heavily in AI computing.
Meta Expects AI Spending to Reach $145 Billion in 2026
Meta expects capital expenditure to total between $135 billion and $145 billion during 2026. The spending will support data centres, AI computing infrastructure, networking capacity and the development of advanced AI systems.
The company is investing in AI to improve its existing advertising and recommendation businesses while developing new products, including AI-powered smart glasses, personal AI assistants and business-focused AI agents.
Meta says these investments are already helping increase user engagement, improve advertising performance and strengthen monetisation across its platforms.
The company is also developing more advanced AI models through Meta Superintelligence Labs as it seeks to compete with OpenAI, Anthropic and Google.
Meta Will Combine Equity, Debt and Operating Cash Flow
The proposed stock offerings are part of a broader financing strategy that includes operating cash flow, investment-grade debt and strategic partnerships.
Meta generated $97 billion in operating cash flow during the first three quarters of 2026 and held approximately $82 billion in cash, cash equivalents and marketable securities at the end of September.
The company also has access to debt markets, supported by its investment-grade credit ratings. By combining different financing sources, Meta aims to fund its AI expansion while retaining flexibility over its capital structure.
Nevertheless, the scale of its spending means investors will continue to assess whether future revenue growth and productivity gains justify the cost of building AI infrastructure.
What Meta’s Fundraising Means for the AI Industry
Meta’s proposed $95 billion equity financing plan illustrates the extraordinary capital requirements of the AI race. Companies are investing heavily in computing infrastructure before the long-term commercial returns from some advanced AI products are fully established.
For Meta, the challenge will be to turn its infrastructure investments into sustainable revenue growth across advertising, consumer AI, enterprise services and connected devices.
The fundraising could provide additional financial capacity for that strategy, but the proposed $60 billion future programme remains subject to further decisions and market conditions. Investors will closely watch how Meta balances AI investment, shareholder dilution and profitability over the coming years.
