Meta seeks up to $95 billion in stock sales for AI buildout

First reported by The Next Web at · Updated · 18 sources

The financing would support spending on AI infrastructure and personal superintelligence, with Nvidia, AMD and Broadcom participating as cornerstone investors. According to Quartz, Meta launched roughly $35 billion in stock offerings and plans another $60 billion through an at-the-market program that is not expected to begin until 2027.

  • Bloomberg reports that the fundraising includes common and preferred stock.

Covered by 18 publishers within 16 hours of the first report.

Reporting18

The Next Web Meta launches $35bn share sale to fund its AI spending · Cristian Dina
Wall Street Journal Meta Plans up to $95 Billion in Financing to Power Its AI Growth · Chelsey Dulaney
Business Insider Meta looks to raise up to $95 billion from stock sales to fund its huge AI build-out · Robert Scammell,Theron Mohamed
Semafor Meta announces $95B offering to fund AI · Liz Hoffman
The Guardian Meta plans $95bn stock offering to help cover AI expansion · Dan Milmo and Graeme Wearden
iPhone in Canada Meta Launches $35 Billion Stock Sale to Fund its AI Push · Usman Qureshi
Implicator.ai Meta's AI Spending Pushes It to Sell Stock · Marcus Schuler

Related

Topics MetaNvidiaAMDBroadcom