Meta announces financing plan of up to $95B to fund AI and core business

Meta announced a financing plan of up to $95 billion to fund its core business and continued AI development. It includes $22.5 billion in forward sales of Class A common stock, $12.5 billion in mandatory convertible preferred stock, and up to $60 billion in potential at-the-market Class C common stock sales. Meta expects 2026 capital spending of $135–145 billion, backed by operating cash flow, investment-grade debt, strategic partnerships and equity capital.

Why it matters: Meta splits a financing plan of up to $95 billion into forward stock sales, convertible preferred and potential at-the-market sales to fund core and AI investment.