Meta announces $95 billion share sale plan to fund its AI infrastructure
Meta announced a $95 billion share sale plan to fund artificial intelligence infrastructure and the development of "personal superintelligence." It includes an initial offering of about $35 billion — $22.5 billion in Class A common stock and $12.5 billion in depositary shares representing preferred stock — and a later $60 billion at-the-market program, expected once Class C shares begin trading in the first quarter of 2027. Nvidia, AMD and Broadcom expressed interest in buying up to $5 billion combined.
In 40 seconds
- Meta seeks $95 billion: $35 billion in an initial offering and $60 billion in a later at-the-market program.
- The initial offering combines $22.5 billion in Class A shares and $12.5 billion in depositary shares representing preferred stock.
- The $60 billion program would launch when Class C shares begin trading, expected in the first quarter of 2027.
Read the full story at ELHERALDO.CO
IASummary generated by artificial intelligence from a story by ELHERALDO.CO. It may contain errors: the original source prevails.
Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.