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Meta Platforms said on Monday it plans to raise up to $95 billion in its largest-ever equity fundraising, as the social media giant spends aggressively on its AI infrastructure expansion.
The Facebook parent has launched public offerings worth about $35 billion in common and preferred stock, and said it also plans to launch a separate at-the-market share sale program worth up to $60 billion.
The company will launch the larger share sale program after its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027, but said it has not yet finalized its timing and terms of the sale.
Meta’s fundraising plan, among the biggest by an AI company, has also drawn interest of up to $5 billion in total from Nvidia (NVDA.O), opens new tab, Advanced Micro Devices (AMD.O), opens new tab and Broadcom (AVGO.O), opens new tab for Class A shares.
Their funding interest adds to concerns about an increasingly circular flow of capital in the AI industry, as chip suppliers help finance the expansion of one of their biggest customers.
Meta has been pouring money into chips and data centers to compete better with OpenAI and Anthropic.
“We expect investors to continue to question the financing and potential for future capital raises,” William Blair analysts said in a note.
“Overall, we believe the financing reinforces both Meta’s confidence in the long-term returns from AI investment and the increasingly capital-intensive nature of pursuing that opportunity.”
