Meta plans $95bn share sale, with Nvidia, AMD, Broadcom as anchors (opens the source in a new tab)
- Meta plans about $35bn of underwritten share offerings and a further $60bn at-the-market programme, one of the biggest equity raises on record, to pay for AI data centres. The FT says the second part is expected to start in early 2027.
- Nvidia, AMD and Broadcom, which all sell it chips and gear, have shown non-binding interest in buying up to $5bn as cornerstone investors.
- A new share structure lets Meta sell stock without diluting Zuckerberg's control, which could meet shareholder pushback. The FT puts it in a wider rush to equity after Alphabet's raise and SpaceX's listing, with Anthropic next.
- $35bn
- underwritten offerings
- $60bn
- planned at-the-market sales
Why it matters When one of the richest ad businesses needs outside equity, AI spending has outgrown even Big Tech cash flows. Suppliers buying the stock tightens the loop between who spends and who sells.
Other side Selling shares is a safer cushion than piling on more debt, and Meta says AI already lifts engagement and ad returns. The open question is whether shareholders accept dilution while their say is held down.