Meta Plans to Raise $95 Billion in Stock to Fund AI
Meta plans to raise $95 billion in equity to fund AI infrastructure and superintelligence work, CNBC reported, citing a company statement. Meta will first raise $35 billion through underwritten public share offerings, then up to $60 billion more through an at-the-market program. Nvidia, AMD and Broadcom are interested in buying up to $5 billion of the shares, Meta said.
Meta said the money will support its apps, its Muse AI agent and its data center business, alongside operating cash flow, investment-grade debt and partnerships. The company is building four "superclusters" of more than 1 gigawatt each and expects to nearly double its total infrastructure capacity in 2026.
Last week Meta raised its 2026 capital expenditure forecast to $135 billion to $145 billion. Its shares fell 1.6% in morning trading after the announcement.
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Tensordyne Napier: What If One Rack Could Do the Work of Nine?
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