Meta ($META) Launches $35 Billion Equity Offerings, Plans $60 Billion More for AI Investments

Meta Platforms ($META) announced approximately $35 billion in equity offerings on October 26 to support AI infrastructure and personal superintelligence investments, alongside a proposed $60 billion stock-sale program.

• The offerings comprise $22.5 billion in Class A common stock through forward sale agreements and $12.5 billion in depositary shares representing mandatory convertible preferred stock.
• Meta would receive common-stock proceeds upon future settlement of the forward agreements, rather than initially.
• The proposed $60 billion Class C at-the-market program remains unfinalized and is not expected to begin before the first quarter of 2027.
• Nvidia, AMD and Broadcom expressed nonbinding interest in purchasing up to $5 billion collectively in common shares.
• Meta expects 2026 capital expenditures of $135 billion–$145 billion.

Relevant Companies

• Meta Platforms ($META) — Seeking equity capital to support its investment program.
• Nvidia ($NVDA) — Potential purchaser of Meta shares; participation remains uncommitted.
• AMD ($AMD) — Potential purchaser of Meta shares; participation remains uncommitted.

Editor’s Note: This is a developing story. This article may be updated as more details become available.