Meta plans up to $95 billion in stock sales to fund AI spending
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🚨 AI News | TestingCatalogXPickDaily AI brief for Oct 27 covers Anthropic's S-1 IPO filing, GPT-6.1 Terra, and Meta's Muse fundraising plansAIThe brief compiles AI news from OpenAI, Anthropic, Google, Meta, and others on Oct 27. Its lead items include Anthropic's S-1 IPO filing under the ticker ANT, which reports $16.3B in first-half 2026 revenue, and GPT-6.1 Terra, which OpenAI says costs 50% less than GPT-5.6 Terra in the API. Meta plans to raise up to $95B for AI infrastructure and Muse.
Rohan PaulXPickMeta plans $95B equity raise to fund AI data centers and superintelligenceAIMeta plans to raise $95B in new equity to fund AI data centers and its superintelligence push, according to a filing with the SEC. The first $35B comes from underwritten offerings of $22.5B in common stock and $12.5B in mandatory convertible preferred shares, followed by a $60B at-the-market program. Nvidia, AMD and Broadcom have indicated interest in taking up to $5B of the shares, as Meta's 2026 capex forecast rose to $135B to $145B while free cash flow turned negative.
- The DecoderNewsMeta 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. Nvidia, AMD, and Broadcom have expressed non-binding interest in buying up to $5 billion in Meta stock.
- The Guardian · AINewsMeta plans $95bn stock offering to fund AI expansion as neoclouds face pressure
AIMeta plans to raise $95bn in two stock offerings to cover its AI infrastructure spending, with $35bn in underwritten public offerings and $60bn through an at-the-market offering of new class C shares. Elon Musk said debt markets had largely shut off funding to neocloud datacentre providers without substantial revenue outside AI, and CoreWeave and Iren shares fell more than 2% in premarket trading.
- CNBC · TechnologyNewsPickMeta plans $95 billion stock offering to fund AI infrastructure expansion
AIMeta said it plans to raise $95 billion to fund AI infrastructure and superintelligence investments. The raise starts with $35 billion in underwritten public equity offerings, followed by $60 billion through an at-the-market program. The company also raised its full-year capex forecast to $135 billion to $145 billion, and shares fell after its third-quarter results.
Financial TimesXMeta plans $95bn stock offering to fund AI infrastructure spendingAIMeta is planning a $95bn stock offering to fuel its large AI infrastructure spending, according to a Financial Times breaking news post. Nvidia, AMD and Broadcom are named as cornerstone investors backing the offering.
- CNBC · TechnologyNewsMeta stock sinks nearly 7% as AI spend pushes free cash flow negative
AIMeta shares fell roughly 6% on Thursday after the company reported negative free cash flow of $2.12 billion in its third-quarter earnings. Meta raised the bottom of its full-year capital expenditure forecast to a range of $135 billion to $145 billion, up from $130 billion to $145 billion. Revenue rose 26% from a year earlier to $64.60 billion, above the $63.37 billion analysts expected.
- Rohan PaulXMeta plans non-voting Class C shares to raise AI funding without diluting Zuckerberg's control
AISemafor reports that Meta is creating non-voting Class C shares, with holders receiving one Class C share for each Class A or Class B share once the charter changes on January 19, 2027. The shares would let Meta raise AI money while keeping Mark Zuckerberg's voting control unchanged. The report says Alphabet's similar structure let it sell $85B of stock this year, a template for funding Meta's $135B to $145B of capital spending.
- TechCrunch · AINewsPickMeta plans a non-voting stock class to help fund its AI buildout
AIMeta plans to create a new class of non-voting capital stock, distributed to existing shareholders as a stock dividend, to fund AI investment while preserving voting control for Class A and B holders. CFO Susan Li said the shares can be used for capital raising, employee compensation, and acquisitions. The announcement came with third-quarter earnings showing $64 billion in revenue, up 26% year over year.
- The Verge · AINewsMeta creates a non-voting share class to fund its AI push
AIMeta says it will issue a new class of non-voting shares to fund AI initiatives, potential acquisitions and employee compensation, with trading beginning in 2027. The company expects capital expenditures of $135 billion to $145 billion this year, up from its previous estimate of $130 billion to $145 billion. The article also notes that the Muse agent app hit 10 million US downloads this week, and that Meta paused its conversation-sharing feature after researchers found chats publicly available on the web.