Meta plans to raise up to $95 billion from stock sales for AI build-out

Key facts

• Meta plans to raise up to $95 billion from stock sales.
• The funds will be used to finance the company's AI build-out.
• The $35 billion in equity offerings includes $22.5 billion in Class A stock and $12.5 billion in preferred shares.

Meta Platforms Inc. is looking to raise up to $95 billion through stock sales to fund its significant investment in artificial intelligence infrastructure. The company announced on Monday that it has launched equity offerings totaling approximately $35 billion, which includes $22.5 billion in Class A stock and about $12.5 billion in mandatory-convertible preferred shares. Additionally, Meta plans to secure up to $60 billion from an at-the-market program for new nonvoting Class C shares. These funds will support the development of consumer AI products and the pursuit of 'personal superintelligence,' a goal championed by CEO Mark Zuckerberg.