Automatically translated version. May contain inaccuracies compared to the original.
The parent company Facebook has begun a public offering of common and preferred shares totaling about $35 billion. In addition, it plans to launch a separate on-market stock sale program for up to $60 billion.
Meta Platforms on Monday announced plans to raise $95 billion as part of the largest stock issuance in its history. The social media company is actively investing in expanding AI infrastructure, Reuters reports.
The parent company Facebook has begun a public offering of common and preferred shares totaling about $35 billion. In addition, it plans to launch a separate on-market stock sale program for up to $60 billion.
A larger stock sale program will be launched after the trading of new Class C shares, which do not have voting rights. This is expected in the first quarter of 2027 year. At the same time, Meta noted that the final terms and timing of the sale have not yet been determined.
Meta’s capital-raising plan, one of the largest among AI-focused companies, has also drawn interest from Nvidia, Advanced Micro Devices (AMD), and Broadcom. Collectively, these companies are willing to consider purchasing Class A shares up to $5 billion.
Meta is investing heavily in chips and data center processing to strengthen competition with OpenAI and Anthropic.
Overall, the company has committed to spending in the future about $825 billion. The bulk of these funds is tied to growing investments in data centers, AI infrastructure, and computing power for cloud services.
The company also said that in January 2027 year it will issue common Class C shares. This will effectively split the stock two-for-one. The aim of this move is to finance acquisitions and retain top talent, while ensuring that CEO Mark Zuckerberg retains control of the company.
Meta agreed to grant Zuckerberg Class C shares that he can sell to pay potential wealth taxes for billionaires in California. In return, he agreed to remain in the state.
In April of this year, amid rising costs associated with developing and deploying AI systems, tech companies Meta and Microsoft announced some of the largest layoffs in their history.
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