Meta to raise $95 billion in stock offerings for AI infrastructure push
Meta announced plans to raise $95 billion through equity offerings to fund its AI infrastructure and superintelligence efforts, starting with $35 billion in underwritten public equity followed by $60 billion via an at-the-market program. The funds will support AI initiatives including its apps, the Muse AI agent, and data center expansion, alongside operating cash flow, debt, and partnerships. Shares rose 1.6% in premarket trading following the news.