Meta Plans 95 Billion Dollar Stock Offering for AI Expansion

Meta plans to raise $95 billion through stock offerings to finance its artificial intelligence infrastructure and superintelligence initiatives, the company announced Monday. The fundraising will support investments across its family of apps, AI agent Muse, and data center operations as technology companies expand computing capacity to meet growing AI demand.

The company will initially raise $35 billion through underwritten public equity offerings, followed by another $60 billion through an at-the-market program. Meta also said Nvidia, AMD, and Broadcom had expressed interest in purchasing up to $5 billion in shares.

Meta shares rose 1.6% in premarket trading following the announcement. The planned fundraising comes amid record spending on AI infrastructure, including computing systems, data centers, and power capacity.

Goldman Sachs estimates that AI-related capital expenditures could reach approximately $7.6 trillion between 2026 and 2031 across those infrastructure categories.

Meta said the investments would address emerging AI opportunities, including its existing applications and developing AI technologies. The company plans to finance its spending through a combination of operating cash flow, investment-grade debt, partnerships, and equity capital.

The fundraising plan follows investor scrutiny of Meta's spending requirements and cash generation. The company has increasingly relied on financing strategies that include debt as it pursues the infrastructure needed to expand its AI capabilities.

Meta's third-quarter results, released the previous week, showed revenue increasing 26% year over year to $64.60 billion, exceeding analysts' expectations of $63.37 billion. Despite the revenue growth, investors focused on negative free cash flow and an increase in the company's projected capital expenditures.

Meta raised the lower end of its full-year capital expenditure forecast to $135 billion, up from $130 billion, while maintaining an overall projected range of $135 billion to $145 billion. The announcement sent the company's shares lower that day.

The company is also expanding its computing infrastructure through four large-scale facilities known as superclusters. According to Meta, each supercluster is designed to provide more than one gigawatt of capacity.

Meta said it remained on track to nearly double its total infrastructure capacity in 2026 compared with the previous year, underscoring the scale of its planned expansion as it develops AI systems and supporting computing resources.