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Meta plans $95 billion share offering for AI expansion

AI · Global · First reported 26 Oct, 11:48 · Updated 22:04

Image: Financial Times

Meta announced plans to raise $95 billion through stock sales to support AI infrastructure and superintelligence investments. The plan combines an initial $35 billion offering with a further $60 billion market-sale program.

  • Meta said Monday it plans to raise $95 billion to support investments in AI infrastructure and superintelligence.
  • The company plans an initial $35 billion in underwritten public equity offerings, followed by a $60 billion at-the-market program.
  • Nvidia, AMD and Broadcom have expressed interest in purchasing up to $5 billion of the shares, Meta said.
  • The $60 billion program will sell newly created class C shares without voting rights, allowing Meta to raise equity without diluting Mark Zuckerberg’s voting control.
  • Meta expects full-year capital expenditure of $135 billion to $145 billion. It says it is building four computing superclusters with capacity exceeding one gigawatt each.
Summary written by Lux AI from 6 articles

Key facts

Planned equity fundraising
$95 billion.
Initial offering
$35 billion in underwritten public equity offerings.
Subsequent program
$60 billion in at-the-market stock sales.
Potential chipmaker purchases
Up to $5 billion from Nvidia, AMD and Broadcom.

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