Meta Plans $95B Equity Raise to Fund AI Data Centers and Superintelligence
Meta filed with the SEC a plan to raise $95 billion in new equity to fund AI data centers and its superintelligence initiatives. The offering includes an initial $35 billion underwritten deal followed by a $60 billion at-the-market program, with chip suppliers Nvidia, AMD, and Broadcom indicating interest in purchasing up to $5 billion in shares. This capital push aligns with Meta's raised 2026 capex forecast of $135-145 billion amid negative free cash flow.
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Rohan Paul (@rohanpaul_ai) · 2026-10-26 18
Meta filed the announcement with the SEC that it plans to raise $95B in new equity to fund AI data centers and its superintelligence push.
The first 22.5B in common stock and 60B at-the-market program to follow.
Nvidia, AMD and Broadcom, which sell Meta the chips this money will buy, indicated interest in taking up to $5B of the shares.
The raise comes as Meta’s 2026 capex forecast rose to 145B while free cash flow turned negative, despite $97B of operating cash flow in the first 3 quarters and about $82B in cash and securities.
Meta says the money supports 4 superclusters above 1 gigawatt each, its Muse agent and a data center business, alongside debt and partnership financing.
