Business · Companies · 59 mins ago
Meta launches $35-billion stock offering to fund AI expansion
Meta launched an offering of about $35-billion in stock to help pay for its expansion in artificial intelligence.
The company, which owns Facebook, is increasing spending on data centres, computing capacity and AI products.
The investment is aimed at competing with OpenAI and Anthropic, two major AI companies.
Meta also plans a separate share-sale program of up to $60-billion, after its non-voting Class C shares begin trading.
That trading is expected in the first quarter of 2027.
Meta had $82.45-billion in cash and similar assets at the end of September, slightly more than its $80.92-billion in long-term debt.
The fundraising comes as Meta has committed to spend about $825-billion, mainly on data centres, AI infrastructure and cloud computing power.
Meta launched public offerings of about US$35 billion in common stock and convertible preferred stock to help fund its AI expansion.
The company plans a separate at-the-market share sale of up to US$60 billion, bringing its planned fundraising to as much as US$95 billion.
The share-sale program is expected to begin after Meta’s new non-voting Class C shares start trading, expected in the first quarter of 2027.
Meta is increasing spending on data centers, computing capacity and AI products as it competes with OpenAI and Anthropic.
- Who
- Meta Platforms.
- What
- It launched public offerings of about US$35 billion in common and convertible preferred stock and plans a separate share-sale program of up to US$60 billion.
- When
- Monday, October 26, 2026.
- Where
- Not stated.
- Why
- To finance its AI expansion, including spending on data centers, computing capacity and AI products.
This story does not have two clearly opposing sides.
Meta launched public offerings of about US$35 billion in common and convertible preferred stock.
Meta expects its new non-voting Class C shares to begin trading, after which it plans to launch a separate at-the-market share-sale program.
- Initial public offerings
- About US$35 billion
- Planned at-the-market program
- Up to US$60 billion
- Total planned fundraising
- US$95 billion
- Class C shares expected to begin trading
- First quarter of 2027
- Cash, cash equivalents and marketable securities
- US$82.45 billion as of September 30, 2026
9 sources
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