Meta Announces $95 Billion Stock Offering to Fund AI Buildout, First Major Issuance Since 2013
Meta plans to raise $95 billion through new stock sales, including $60 billion in non-voting shares, to finance AI infrastructure, surpassing recent raises by Google and Oracle.
US social media giant Meta Platforms announced a $95 billion stock offering on October 26, 2026, to fund its artificial intelligence infrastructure buildout. This marks the company's first large-scale equity issuance since 2013. According to Semafor, approximately $60 billion of the offering will come in the form of newly created non-voting shares, a structural design that allows CEO Mark Zuckerberg to raise massive capital while avoiding dilution of his control stake and potentially covering his tax liabilities.
The scale of this financing exceeds the $85 billion stock sale announced earlier this year by Alphabet (Google's parent company) and Oracle's $25 billion raise. Semafor interprets these moves by tech giants as evidence that even the world's most cash-rich enterprises can no longer support current AI capital expenditure demands through internal operating cash flows, and traditional debt channels are insufficient to fill the gap. Hyperscalers are expected to spend $800 billion on AI this year, with projections exceeding $1 trillion next year.
Following the announcement, Meta's shares rose 2% in premarket trading. Semafor interprets the gain as suggesting that equity investors remain relatively sanguine compared with risk-wary credit investors.