Meta plans to raise capital for AI infrastructure by selling up to $95 billion in stock.

Meta plans to raise capital for AI infrastructure by selling up to $95 billion in new shares. This includes approximately $22.5 billion from Class A common stock, $12.5 billion from depositary shares (each representing one-twentieth of a new preferred share that automatically converts to common stock before August 2029), and an additional $60 billion expected to be sold continuously in the public market after Q1 2027 via non-voting Class C shares.