Business
Meta announces $95bn stock offering to fund AI expansion
October 26, 2026 at 04:28 PM
Coverage
2 reports · 1 in Arabic, 1 in English · over 2 hours
Meta announced a $95bn two-part stock offering to fund its AI data-centre buildout, as Elon Musk warned that funding for smaller sector players is shutting off.
- Meta's plan comprises a $35bn underwritten public offering and a $60bn at-the-market sale of new non-voting class C stock.
- Chipmakers Nvidia, AMD and Broadcom expressed interest in buying up to $5bn of the offering as cornerstone investors, Meta said.
- Musk said debt markets had shut off funding for AI companies lacking substantial independent revenue, forecasting "death and consolidation" among more than 200 neocloud providers.
- SpaceX reported a $40bn deal with Apollo Global Management to lease chips for AI datacentres.