Meta has launched roughly $35 billion in equity offerings and outlined a further programme of up to $60 billion as it finances its artificial-intelligence expansion. The combined $95 billion figure is a financing plan, not money already received.
The initial offerings comprise about $22.5 billion of Class A common stock through forward-sale arrangements and $12.5 billion of depositary shares representing mandatory convertible preferred stock. Under the forward agreements, Meta does not expect to receive the common-stock proceeds immediately.
The additional $60 billion programme would sell shares into the market after the company’s new non-voting Class C stock begins trading. It is not expected before the first quarter of 2027. Its establishment and eventual proceeds are not guaranteed.
Nvidia, AMD and Broadcom have expressed non-binding interest in buying up to $5 billion of the common-stock offering. That interest is not a completed investment. Meta expects capital expenditure of $135 billion to $145 billion this year as computing and data-centre capacity expands.
For shareholders, the central trade-off is more funding for growth against potential dilution. For the wider industry, the announcement shows how the infrastructure race is pushing even cash-generating technology groups to combine operating cash, debt, partnerships and new equity.
