Meta Platforms announced plans to raise as much as $95 billion through equity offerings to support its expanding artificial intelligence infrastructure, Reuters reported on October 26, 2026. The plan includes approximately $35 billion in public offerings of common and convertible preferred stock, alongside a separate share-sale programme worth up to $60 billion.
Meta said the larger programme would follow the start of trading in its new non-voting Class C shares, which was expected in the first quarter of 2027. Nvidia, Advanced Micro Devices and Broadcom expressed interest in purchasing up to $5 billion of Class A shares collectively. Reuters noted that such arrangements have raised concerns about circular financing, in which chip suppliers help fund the expansion of a major customer. Meta is investing heavily in chips, data centres and computing capacity to compete with AI developers including OpenAI and Anthropic.
The proposed fundraising highlights the financial demands of building and operating large-scale AI systems. Data centres and specialised computing hardware require substantial capital, meaning that AI competition increasingly depends not only on software and research but also on access to funding and infrastructure. For students and job seekers, the development offers a practical example of the costs behind AI products and services.
Reuters reported that Meta had committed approximately $825 billion in future spending, primarily driven by investments in data centres, AI infrastructure and cloud computing power. The company had also raised the lower end of its annual capital expenditure forecast to between $135 billion and $145 billion. The timing and terms of the proposed $60 billion share-sale programme had not been finalised.