Key facts
- Meta launched concurrent offerings of about $35 billion in common and convertible preferred stock.
- The company plans to fund its artificial intelligence expansion and infrastructure investments.
- Meta expects capital expenditures of $135 billion to $145 billion in 2026.
- Meta also plans a future $60 billion at-the-market program.
Meta Platforms Inc. launched concurrent underwritten public offerings of approximately $35 billion in Class A common stock and depositary shares representing preferred stock on Monday. The company stated the offerings are part of a financing plan to support its continued investment in AI infrastructure and personal superintelligence. Meta expects capital expenditures of $135 billion to $145 billion in 2026. The social media giant also plans to launch an approximately $60 billion at-the-market program upon the commencement of trading of its Class C common stock.