Meta Platforms launched approximately $35 billion in public equity offerings on October 26, 2026, and disclosed plans for a potential $60 billion future stock-sale program, expanding its financing options as it accelerates investment in artificial intelligence infrastructure.
According to Meta’s official announcement, the concurrent offerings comprise $22.5 billion in Class A common shares through forward sale agreements and approximately $12.5 billion in depositary shares representing mandatory convertible preferred stock.
The financing structure is also documented in an SEC filing dated October 26. The proposed $60 billion at-the-market program would involve Meta’s new non-voting Class C shares, which are expected to begin trading in the first quarter of 2027. However, Meta has not finalized an agreement, and the program’s timing and terms remain undetermined.
The combined $95 billion represents announced and potential financing capacity, not proceeds already received. Meta said it does not initially expect to receive proceeds from the Class A common-stock offering conducted through forward sellers.
The announcement follows Meta’s earlier Class C restructuring, designed to provide additional fundraising flexibility without proportionately reducing existing shareholders’ voting power.
Meta expects capital expenditures of $135 billion to $145 billion in 2026 as it expands data centers and computing capacity. Its third-quarter results showed $82.45 billion in cash, cash equivalents and marketable securities at September 30.
The offerings provide additional funding options but introduce potential future shareholder dilution. Actual proceeds, issuance amounts and dilution will depend on pricing, settlement and subsequent financing decisions.
