Meta Platforms, Inc. (NASDAQ:META) has a message for investors: the AI buildout is expensive, and we would like your help paying for it. On Monday, the company announced plans to raise approximately $35 billion through stock offerings to support its growing artificial intelligence infrastructure investments.
The financing comes in two flavors. There is $22.5 billion in Class A common stock, and $12.5 billion in depositary shares representing mandatory convertible preferred stock. Think of it as a two-course meal for the capital markets.
And There Is Another $60 Billion Waiting in the Wings
Meta also plans a $60 billion at-the-market stock offering program, potentially starting in the first quarter of 2027. That structure would let the company sell Class C common shares over time, drip by drip, rather than in one big gulp.
One caveat: Meta has not finalized the program's terms or entered into an agreement. So for now, it is a plan, not a commitment.
The company expects to use proceeds from the offerings for general corporate purposes. And here is a detail worth filing away: Meta will receive funds from the common stock offering when it settles forward sale agreements, rather than immediately. In other words, the money arrives on a schedule, not all at once.
The AI Bill Is Coming Due
Why does Meta need all this? Because the AI infrastructure bill is enormous. Meta expects capital expenditures of $135 billion to $145 billion in 2026 as it expands data centers and computing capacity.
To fund these investments, the company plans to combine operating cash flow, debt, partnerships and equity financing. That is a diversified funding mix, which is a polite way of saying Meta is tapping every pocket it can find.
The cash machine is still humming, though. Meta generated $97 billion in operating cash flow during the first nine months of 2026. It also held approximately $82 billion in cash, cash equivalents and marketable securities at the end of September.
Meanwhile, third-quarter revenue rose 26% year over year to $64.6 billion, while net income reached $9.9 billion. So this is not a company in distress. It is a company with a very large appetite.
Even the Chipmakers Want a Seat at the Table
Here is a fun wrinkle. NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD) and Broadcom Inc. (NASDAQ:AVGO) have expressed interest in purchasing up to $5 billion collectively in Meta's Class A common stock offering.
That is a notable show of support from the companies that supply the hardware powering Meta's AI ambitions. But their indications are nonbinding, meaning actual purchases could differ or may not occur. So do not treat it as a signed check just yet.
Meta expects its preferred stock to convert into common shares around Aug. 15, 2029, subject to the applicable terms and conditions. That gives you a sense of the timeline the company is working with.
The financing plan comes as Meta expands its AI products and infrastructure while seeking to diversify its funding sources. In plain English: the AI race is not cheap, and Meta is making sure it has plenty of ammunition.
Price Action
META Price Action: Meta Platforms shares were down 1.19% at $635.00 during premarket trading on Monday, according to market data.
