Meta plans up to $95 billion in stock sales for AI
The Decoder: Meta plans up to $95 billion in stock sales to fund its AI buildout
Meta plans to sell new stock to raise money for its AI infrastructure buildout. The article Meta plans up to $95 billion in stock sales to fund its AI buildout appeared first on The Decoder.
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Meta plans to sell up to $95 billion in stock to fund its artificial intelligence infrastructure development. The funding will come from three sources: $22.5 billion from selling Class A common stock, $12.5 billion from depositary shares that convert to common stock in 2029, and $60 billion from sales of new Class C shares starting in early 2027. The new Class C shares carry no voting rights, which allows Meta to raise capital without reducing CEO Mark Zuckerberg's control over the company, since he holds most of the Class B shares that carry ten votes each. Several semiconductor companies have expressed non-binding interest in purchasing up to $5 billion of Meta stock.
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