Meta launches $35bn share sale to fund its AI spending
Covered by 7 sources
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Meta initiated two share offerings totaling about $35 billion to finance its escalating AI investments, including $22.5 billion in Class A common stock via forward sale agreements and $12.5 billion in mandatory convertible preferred stock. The company plans additional share sales and expects to spend up to $145 billion on capital projects this year, mainly on data centers and chips.
Covered by 7 sources
- Meta Seeks Up to $95 Billion in Equity to Fund AI Spending· 7 sources
- Meta Creates New Class C Stock To Fund AI Ambitions And Keep Zuckerberg In Charge· Forbes
- Meta Reports $825 Billion in Future Spending Commitments· 2 sources
- Meta creates a new stock class to keep Zuckerberg in control· Business Insider
- Meta Plans to Issue New Non-Voting Stock for Capital Raising· 5 sources
