# Meta Raises 2026 Capex Floor to $135 Billion

> Meta boosts 2026 capital spending floor to $135 billion and introduces non-voting shares for AI growth.
- Title: Meta Raises 2026 Capex Floor to $135 Billion · BigGo Finance
- Summary: Meta boosts 2026 capital spending floor to $135 billion and introduces non-voting shares for AI growth. Meta raised its 2026 capital expenditure floor to…
- Keywords: meta, capex, 2026, non-voting shares, muse ai, class c shares, mark zuckerberg, free cash flow, ai talent, capital expenditure, facebook, instagram
- Source: BigGo Finance — https://finance.biggo.com/news/980891f5-1fe4-48a2-9840-bf8d1cfe0895
- Author: BigGo Finance
- Published: 2026-10-21T20:35:14+00:00
- Read time: 1 min
- Topics: meta, capex, 2026, non-voting shares, muse ai, class c shares, mark zuckerberg, free cash flow, ai talent, capital expenditure, facebook, instagram
## Meta Raises 2026 Capex Floor
Meta raised the low end of its 2026 capital expenditure guidance to $135 billion.
## New Non-Voting Share Class
Meta plans a new Class C share class effective January 19, 2027, distributed as a one-for-one stock dividend.
## Voting Power Structure
The Class C shares do not change voting power, letting Zuckerberg maintain control over shareholder votes.
## Q3 Revenue Beat
Meta reported third-quarter revenue of $64.60 billion, exceeding the $63.37 billion consensus.
## Negative Free Cash Flow
Free cash flow turned negative at $2.12 billion due to high capital spending of $34.91 billion.
## Muse AI Traction
Muse AI drew 10.2 million U.S. downloads in 40 days after its September launch.
## New Mexico Penalty
A New Mexico judge ordered Meta to pay a $25 billion penalty for data-sharing and hate-speech violations.
## AI Investment Strategy
Meta is investing heavily in AI infrastructure and chip development to compete with OpenAI and Anthropic.
## Taiwanese Manufacturers
Taiwanese firms like Hon Hai Precision Industry and Quanta Computer benefit from Meta's data-center construction.
## Muse AI Growth Metrics
Muse AI has 30% seven-day retention and 23% fourteen-day retention, outperforming competitors.
## AI Revenue Projections
Citigroup projects Muse AI could generate $27 billion in revenue by 2030, including $23 billion from transactions.
## Privacy Concerns
Claroc found over 6,800 publicly discoverable links to user conversations in Muse, including personal budgets.
## Legal Costs Mount
Meta faces $25 billion penalty from New Mexico judge over data-sharing and hate-speech disclosures.
## Investor Impact
The spending revision and share structure may hinge on Muse's conversion to paying customers and privacy lapses.
## Key takeaway

Meta raised its 2026 capital expenditure floor to $135 billion and plans a non-voting share class effective January 2027 to fund AI without diluting CEO Mark Zuckerberg's voting power.