Meta unveils $95B equity raise for AI infrastructure, stock up 2% pre-market

firstadopter · x · 2026-10-26

Meta announced a $95B equity financing plan, sending shares up 2% pre-market as uncertainty over the offering size eased. The official press release (Oct 26, 2026) details the structure: $35B in concurrent underwritten offerings ($22.5B Class A common stock + $12.5B mandatory convertible preferred depositary shares), plus a planned $60B at-the-market program tied to the new Class C shares.

The raise funds Meta's aggressive AI buildout: capex is expected at $135-145B in 2026, supporting AI infrastructure and its 'personal superintelligence' strategy. Meta says it will balance funding via operating cash flow ($97B generated in the first three quarters of 2026), investment-grade debt, strategic partnerships, and equity, with $82B in cash and marketable securities on hand.

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