Meta said Monday it plans to raise a total of $95 billion to support its investments in AI infrastructure and superintelligence. It will start with $35 billion in underwritten public equity offerings, then add $60 billion through an at-the-market program. The stock was up 1.6% in premarket trading.
Meta plans to raise a total of $95 billion to support its investments in AI infrastructure and superintelligence, the company said Monday. The tech giant will initially raise $35 billion in underwritten public equity offerings, before later raising an additional $60 billion with an at-the-market program.
How the $95 billion breaks down
In a Monday filing, Meta said it launched about $35 billion in equity offerings and plans to secure up to $60 billion from an at-the-market program of new nonvoting Class C shares. The $35 billion includes $22.5 billion in Class A stock and roughly $12.5 billion in mandatory-convertible preferred shares.
Meta said the planned investments will support "emerging AI opportunities", including its family of apps, its AI agent Muse and its data center business. The company plans to balance funding through a mix of operating cash flow, investment-grade debt, partnerships and equity capital.
Offering follows a higher capex forecast
Meta's stock was up 1.6% in premarket trading after the announcement.
Last week, Meta posted third-quarter results showing revenue jumped 26% year-on-year: $64.60 billion versus the $63.37 billion analysts expected. However, investors focused more on the company's negative free cash flow and its higher full-year capital expenditure forecast.
Meta now expects full-year capex to range from $135 billion to $145 billion, raising the bottom of the range from $130 billion. That sent shares lower on the day.
Sources: CNBC, Business Insider
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