Meta plans up to $95 billion in stock sales to fund AI infrastructure buildout
Meta plans to raise up to $95 billion through a mix of new share issuances to fund its AI infrastructure buildout. The package includes about $22.5 billion in Class A common stock, $12.5 billion in depositary shares (each representing 1/20th of a new preferred share convertible into common stock in August 2029), and roughly $60 billion via ongoing open-market sales of new Class C shares once they begin trading, likely no earlier than Q1 2027; Nvidia, AMD and Broadcom have expressed non-binding interest in up to $5 billion.