Meta announces a $95 billion stock offering to fund its AI expansion
Meta
Meta announced a $95 billion stock offering on October 26 to fund its AI expansion, with Reuters calling it a record equity raise for the company; the Reuters report also describes the launch of an initial $35 billion tranche. The raise follows a year of sharply rising AI data-center spending across the large labs.
Why it matters
Equity, not debt, now funding the AI capex race.
Importance: 4/5
Largest single equity raise by a large lab to date, reported independently by three outlets.