Meta plans up to $95 billion in stock sales to fund its AI buildout

What happened

Meta plans to raise up to $95 billion through stock sales to fund its AI infrastructure buildout, according to The Information. The financing includes $22.5 billion in Class A common stock, $12.5 billion in depositary shares, and $60 billion through ongoing sales after new nonvoting Class C shares begin trading, likely no earlier than the first quarter of 2027. The Class C structure would preserve Mark Zuckerberg’s voting control.

Read next

• More changes in today’s briefingNvidia open-sources Flora with projected robot video labeling costs up to 125x lower than GPT-6 Astra

The story so far

Meta plans to raise up to $95 billion through stock sales to fund its AI infrastructure buildout, according to The Information, with $60 billion tied to new nonvoting Class C shares likely to begin trading no earlier than the first quarter of 2027. The Class C structure would preserve Mark Zuckerberg’s voting control. The financing plan includes about $22.5 billion from Class A common stock and $12.5 billion from depositary shares, each representing one-twentieth of a new preferred share. The remaining $60 billion would come from ongoing open-market sales after Class C trading begins. According to Meta’s announcement, Nvidia, AMD, and Broadcom have expressed nonbinding interest in buying up to $5 billion in Meta stock.