Meta plans up to $95 billion in stock sales to fund AI build-out
Meta launched about $35 billion in underwritten offerings on Oct. 26, 2026, and plans a $60 billion at-the-market program for AI infrastructure and "personal superintelligence."
TL;DR
- Meta launched about $35 billion of underwritten offerings on Oct. 26, 2026: about $22.5 billion of Class A common stock and about $12.5 billion of mandatory convertible preferred depositary shares, the company said.
- Meta plans an approximately $60 billion at-the-market program once its Class C common stock begins trading; timing, size and terms are not set.
- Nvidia, AMD and Broadcom were interested in buying up to $5 billion in shares, Meta said, according to CNBC.
- Meta stock was down 1.6% in morning trading after the announcement, CNBC reported.
- Update Oct. 27, 2026: Meta priced the offerings and upsized the common stock sale to $25.0 billion at $625.00 per share; Nvidia said it will invest $3 billion in Meta's equity offering.
Meta is turning to the equity market to pay for AI. On Oct. 26, 2026, the company launched concurrent underwritten public offerings that are part of a financing plan worth up to $95 billion, to support "continued investment in AI infrastructure and personal superintelligence."
How the plan breaks down
According to Meta's release, the plan has two parts:
- About $35 billion of underwritten offerings: $22.5 billion of Class A common stock, sold via forward sale agreements with Morgan Stanley and Goldman Sachs, plus $12.5 billion in depositary shares representing Series A Mandatory Convertible Preferred Stock (250,000,000 depositary shares).
- A planned $60 billion at-the-market (ATM) program once its previously announced Class C common stock starts trading. Meta said it has not entered any agreement for it and there is no assurance it will be established.
The ATM program is not expected to start until the first quarter of 2027, Quartz reported. Meta also filed a shelf registration statement with the SEC on Oct. 26, per Quartz.
Chipmakers want in
Nvidia, AMD and Broadcom were interested in purchasing up to $5 billion in shares, Meta said, according to CNBC. The stock was down 1.6% in morning trading after the news. Meta said the money supports "emerging AI opportunities" including its family of apps, its AI agent Muse and its data center business, CNBC reported.
Update, Oct. 27, 2026: priced and upsized
Meta priced both offerings and upsized the Class A common stock sale to $25.0 billion from $22.5 billion, at $625.00 per share, the company said. The 250,000,000 depositary shares were priced at $50 each, for net proceeds of about $12.5 billion. Both offerings are expected to close on Oct. 29, 2026, subject to closing conditions, and Meta applied to list the depositary shares on Nasdaq under the symbol "METAM."
Separately, Nvidia said it will invest $3 billion in Meta's equity offering as the two companies expand their partnership on Meta's Muse models and agents. Meta intends to expand deployment of Nvidia infrastructure, including Vera Rubin and Vera CPUs, Nvidia said.
What it means for Web3 teams – Analysis
When the biggest tech firms sell stock to fund compute, capital flows toward AI infrastructure and away from riskier bets. Web3 projects that compete for the same investor attention need clearer revenue stories and real utility. This is not investment advice.
FAQ
How much is Meta raising?
Meta's financing plan totals up to about $95 billion: roughly $35 billion in underwritten offerings launched on Oct. 26, 2026, plus a planned approximately $60 billion at-the-market program.
What is Meta selling in the first round?
About $22.5 billion of Class A common stock via forward sale agreements and about $12.5 billion of depositary shares representing Series A Mandatory Convertible Preferred Stock, according to Meta.
When could the $60 billion program start?
Meta plans it once its Class C common stock begins trading; Quartz reported it is not expected to start until the first quarter of 2027.
What will the money be used for?
Meta said the plan supports investment in AI infrastructure and personal superintelligence; net proceeds are for general corporate purposes.
Did Meta change the offering size?
Yes. On pricing, Meta upsized the Class A common stock offering to $25.0 billion from $22.5 billion, at $625.00 per share; Nvidia said it will invest $3 billion in Meta's equity offering.
Sources
News summary based on the sources above. Not investment, legal or tax advice. Editorial policy & corrections · Report an error
Building in Web3? Turn the news into trust.
Positioning, KOL programs, LinkedIn systems and claim-safe content for Web3 and fintech teams.
Related
Kalshi raises $1 billion at $40 billion valuation in the same week as Utah criminal charges
The prediction-market exchange's Series G was co-led by Wellington and Sequoia. Kalshi wants to become a multi-asset exchange with single-stock perpetuals and compute markets.
Utah files criminal charges against Kalshi and its founders, days after the CFTC sued the state
Utah's attorney general charged KalshiEX, CEO Tarek Mansour and COO Luana Lopes Lara on Oct. 28, 2026, escalating the state-versus-federal fight over prediction markets.
Amazon swings to $42.4 billion free cash outflow as AWS grows 39% and AI capex hits $220 billion
Amazon posted a record 13.9% operating margin and AWS's fastest growth in nearly five years, but trailing free cash flow turned to a $42.4 billion outflow on AI spending. Shares fell more than 6% after hours.