Meta Plans Up to $95 Billion Equity Raise to Fund AI Infrastructure

Meta announced on October 26 an equity financing plan of up to roughly $95 billion to support its massive AI infrastructure spending—one of the largest raises in tech history. Markets welcomed the removal of uncertainty, with Meta shares rising about 2% in pre-market trading.

Confirmed

According to the FT, Meta plans to raise $95 billion through a stock issuance, with NVIDIA, AMD, and Broadcom participating as cornerstone investors; the offering document cited by @RihardJarc shows all three companies have expressed non-binding indications of interest to subscribe up to $5 billion each in Meta common stock.
@RihardJarc and @firstadopter disclosed the financing structure: a fully committed public offering of about $35 billion is the formally landed portion, issuing common stock alongside mandatory convertible preferred shares (@firstadopter noted this includes roughly $22.5 billion of Class A-related content).
Meta has also mapped out a Class C common stock ATM (at-the-market) program of up to $60 billion, potentially launching in Q1 2027.

Why it matters

Context: Last week Meta reported Q3 revenue growth of 26%, beating analyst expectations, and expects capital expenditures this year to reach the upper end of prior guidance; the raise is meant to bankroll its continued push into compute and data centers.
NVIDIA, AMD, and Broadcom are both Meta's chip suppliers and investors in this raise, creating a 'suppliers as cornerstone investors' alignment of interests—seen as a landmark arrangement in the current AI compute arms race.

2026-10-26 ~ 2026-10-26 · 5 related posts

Primary sources

Meta plans $95bn stock offering for AI buildout, with Nvidia, AMD, Broadcom as cornerstone investors — financialtimes · 2026-10-26 19:24 (UTC+08:00)
Meta files $35B stock and mandatory convertible offering, plus $60B ATM program — RihardJarc · 2026-10-26 19:03 (UTC+08:00)
Meta unveils $95B equity raise for AI infrastructure, stock up 2% pre-market — firstadopter · 2026-10-26 19:50 (UTC+08:00)

[source] Meta files $35B stock and mandatory convertible offering, plus $60B ATM program — RihardJarc · 2026-10-26
Meta files $35B concurrent offerings; NVIDIA, AMD, Broadcom signal $5B interest — RihardJarc · 2026-10-26
[source] Meta plans $95bn stock offering for AI buildout, with Nvidia, AMD, Broadcom as cornerstone investors — financialtimes · 2026-10-26
Meta plans to raise up to $95B to fund massive AI expansion — Polymarket · 2026-10-26

1 near-duplicate retellings: firstadopter