Meta Plans a $95 Billion Raise, $35 Billion of Stock Now

Meta on Monday said it plans to raise $95 billion for AI infrastructure, and it launched the first $35 billion as an underwritten stock sale, CNBC and The Guardian reported on Oct. 26.

Both outlets said the remaining $60 billion would be an at-the-market program, selling shares later at the market price. The Guardian said that later sale would use the Class C shares Meta said last week it would create. Meta said Nvidia, AMD and Broadcom were interested in buying up to $5 billion of the shares on offer, CNBC reported. The Guardian said the three chipmakers were showing interest and that Meta had put the $5 billion figure on that interest. Neither report described a signed purchase.

The cash is for the build. CNBC reported that Meta has said it is building four superclusters of more than 1 gigawatt each and is on track to nearly double infrastructure capacity in 2026. CNBC also reported that Meta last week raised the floor of its 2026 capital-spending forecast. The range is now $135 billion to $145 billion, from a previous floor of $130 billion. That is the power, construction and equipment bill this equity is meant to support. One campus is a small piece of it. Voltgrid reported on Oct. 25 that Meta's Huntsville data center had topped $1.5 billion and was nearing 3.5 million square feet, in Meta's Huntsville build.

What was launched on Monday

CNBC described the $35 billion as the underwritten public offering Meta started on Monday. The $60 billion piece is a plan to sell more stock later, not cash the company said it had already received. Interest from Nvidia, AMD and Broadcom, up to $5 billion in total, is interest Meta described. It is not, in either report, a closed allocation to those three. CNBC said Meta intends to combine operating cash flow, investment-grade debt, partnerships and equity. It did not say how much of the $95 billion plan is debt.

What still has no date

Neither CNBC nor The Guardian gave a closing date for the $35 billion sale, or a date when the Class C shares start trading. Until those dates are published, $95 billion is a financing plan, not a cash balance. Meta's own investor release did not load for this desk on Monday. The figures in this story are the ones both outlets reported from the company's statement. A MarketWatch headline carried only the $35 billion chipmaker angle. CNBC and The Guardian both put that sale inside the wider $95 billion plan.