Meta to raise $95 billion in two-stage stock offering to fund AI expansion
Meta announced a $95 billion fundraising plan, split between a $35 billion underwritten offering and a $60 billion at-the-market sale of new non-voting class C shares, to support its AI infrastructure investments.
Meta said it will seek $95 billion in new equity to finance its growing artificial-intelligence operations. The fundraising will be carried out in two phases. First, the company intends to sell $35 billion of stock through an underwritten public offering, with chipmakers Nvidia, AMD and Broadcom identified as potential cornerstone investors that could purchase up to $5 billion of the issue. The second phase will involve a $60 billion at-the-market offering of newly created class C shares, which carry no voting rights and therefore do not dilute Mark Zuckerberg’s control of the firm.
Meta’s chief executive indicated that the proceeds will be used to expand data-center capacity and other AI-related infrastructure. The announcement came after Elon Musk warned that many smaller “neocloud” data-center providers face tightening financing conditions.
Shares of Meta rose in pre-market trading following the news, while some AI-focused companies such as Nebius, CoreWeave and Iren saw modest declines before later recovering. Analysts noted that investors appear more willing to back AI spending by financially strong firms. Neil Wilson of Saxo UK said, "Meta’s not going to struggle to service debts and can lean on equity raises to minimise debt, too."
The move follows a recent $40 billion chip-leasing agreement between SpaceX and Apollo Global Management, highlighting continued investment in AI-related hardware by large technology groups.