Meta plans $95bn stock offering to help cover AI expansion

Meta plans to raise $95bn to help fund its expanding AI infrastructure, including datacentres, as investors weigh the cost and financial risks of the sector’s rapid growth. The fundraising highlights how established, profitable technology companies may be better placed to secure capital than smaller firms that rely heavily on borrowing.

The plan has two parts: a $35bn stock sale, with Nvidia, AMD and Broadcom potentially buying up to $5bn, and a $60bn sale of new non-voting Class C shares at market prices over time. Meta says the proceeds will support investment in AI infrastructure and “personal super intelligence”; its shares rose before trading began. The announcement followed Elon Musk’s warning that more than 200 neocloud datacentre firms faced “death and consolidation” as debt funding dried up. CoreWeave, which has about $35bn in debt, has seen its shares fall by more than a third in the past month.