From The Next Web · Cristian Dina · · 1m
Meta raises $35bn to fund AI spending spree
Meta launches two share offerings worth about $35bn on Monday to pay for its growing AI spending.
In brief
Meta launches two share offerings worth about $35bn on Monday to pay for its growing AI spending. Meta raised thirty five billion dollars through share offerings to fund its expanding AI and data centre spending, which is expected to reach one hundred thirty five to one hundred forty five billion dollars this year…
Meta launches $35bn share sale
Meta launched two share offerings worth about thirty five billion dollars on Monday to pay for its growing spending on AI.
Two offerings with different terms
The larger offering is twenty two point five billion dollars of Class A common stock sold through forward sale agreements, with delivery by November nineteen, twenty twenty-seven.
Massive AI spending drives capital needs
Meta expects to spend one hundred thirty five to one hundred forty five billion dollars on capital projects this year, mostly on data centres and chips.
What matters most
Meta raised thirty five billion dollars through share offerings to fund its expanding AI and data centre spending, which is expected to reach one hundred thirty five to one hundred forty five billion dollars this year.
