Meta Launches $35 Billion Stock Sale to Fund Its AI Buildout
Meta went to Wall Street for money on Monday, and it didn’t ask for a little. The Facebook parent launched about $35 billion in stock offerings on October 26, 2026, to help pay for the data centers, chips and AI systems behind its “personal superintelligence” push. Shares had closed Friday at $642.62, and trading turned choppy in the premarket hours after the announcement. That’s a lot of stock. The $35 billion stock sale, piece by piece The offering comes in two parts, according to Meta’s announcement and filings reported by Reuters and Bloomberg. About $22.5 billion is Class A common stock, sold through forward sale agreements with Morgan Stanley and Goldman Sachs as lead bookrunners. The other roughly $12.5 billion is depositary shares representing mandatory convertible preferred stock, which convert automatically into common stock around August 15, 2029. Don’t expect Meta to bank the forward-sale cash right away. Under a forward sale, banks borrow shares and sell them now, and Meta receives cash at settlement, which is due no later than November 19, 2027, if it settles by delivering new shares. ...