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Business & Money The Decoder

Meta plans up to $95 billion in stock sales to fund its AI buildout

AI summary Meta intends to raise as much as $95 billion by issuing new shares to pay for its AI infrastructure. The largest portion, $60 billion, is to come from gradual open-market sales of new Class C shares without voting rights, probably starting in early 2027 at the soonest, which keeps Mark Zuckerberg's control intact. Another $22.5 billion is to be raised through Class A common stock, plus $12.5 billion from depositary shares tied to preferred stock that turns into common stock by August 2029. Broadcom, AMD and Nvidia have shown non-binding interest in purchasing as much as $5 billion of Meta stock.

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