Meta plans up to $95 billion in stock sales to fund AI buildout
Original title: Meta plans up to $95 billion in stock sales to fund its AI buildout
About $22.5 billion would come from Class A stock, $12.5 billion from depositary shares, and $60 billion from later Class C sales.
Meta plans to sell new stock to raise as much as $95 billion for its AI infrastructure buildout, according to The Information and a company announcement. Class C shares, which carry no votes, would let Meta raise money without diluting Mark Zuckerberg's control. Nvidia, AMD and Broadcom have expressed non-binding interest in buying up to $5 billion.
Unconfirmed: The $95 billion figure is attributed to The Information, and chipmakers' buying interest is non-binding.
- Class A sales would raise about $22.5 billion and depositary shares about $12.5 billion.
- Preferred shares convert to common stock in August 2029 unless converted earlier.
- Open-market Class C sales of $60 billion are likely no earlier than the first quarter of 2027.
- Entities controlled by Zuckerberg hold most Class B shares, which have ten votes each.
From the original article
1 min read at the-decoder.com
Meta plans to sell new stock to raise money for its AI infrastructure buildout. The article Meta plans up to $95 billion in stock sales to fund its AI buildout appeared first on The Decoder.
By Maximilian Schreiner · the-decoder.com
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