Meta to sell $95 billion in shares to fund its AI infrastructure
Meta announced a plan to sell $95 billion in shares 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 of the common stock offering.
In 40 seconds
- Meta plans to sell $95 billion in shares to fund AI infrastructure and personal superintelligence.
- The initial offering is about $35 billion: $22.5 billion in Class A shares and $12.5 billion in depositary preferred shares.
- A later $60 billion at-the-market program would launch with Class C trading, expected in the first quarter of 2027.
Read the full story at Zona Cero
IASummary generated by artificial intelligence from a story by Zona Cero. It may contain errors: the original source prevails.
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