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Meta launches $35 billion stock offering to fund AI expansion

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Meta launches $35 billion stock offering to fund AI expansion

Business News Tech AI Meta launches $35 billion stock offering to fund AI expansion

Meta Platforms has kicked off public offerings nearly reaching $35 billion as part of its ambitious AI expansion strategy. The tech giant also plans to roll out a significant share sale program, potentially worth up to $60 billion, in the near future. These efforts are aimed at bolstering its investments in AI infrastructure and data centers.

Meta Platforms on Monday launched public offerings of about $35 billion in common stock and convertible preferred stock, as the Facebook parent seeks to finance its costly AI expansion . The social media company also said it plans to launch a separate at-the-market share sale program of up to $60 billion after its new non-voting Class C shares begin trading, which is expected in the first quarter of 2027. The fundraising plans come as Meta ramps up spending on data centers, computing capacity and AI products to compete with rival AI heavyweights OpenAI and Anthropic.

Meta had cash, cash equivalents and marketable securities of $82.45 billion, slightly exceeding its long-term debt of $80.92 billion as of September 30, according to its quarterly filing from last week. The company has committed to spend about $825 billion in the future, primarily driven by its growing investments in data centers, AI-related infrastructure and cloud computing power .

Meta Platforms cloud computing power non-voting Class C shares OpenAI AI expansion

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