Meta plans up to $95 billion in stock sales to fund AI buildout
AIMeta plans to sell up to $95 billion in new stock to fund its AI infrastructure buildout, according to The Information. About $22.5 billion will come from Class A common stock, $12.5 billion from depositary shares of a new preferred stock that converts to common stock in August 2029, and $60 billion from open-market sales of new non-voting Class C shares, likely starting no earlier than Q1 2027.
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The Decoder · Maximilian Schreiner · the-decoder.comPublished · added here
Original title: Meta plans up to $95 billion in stock sales to fund its AI buildout