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On October 26, 2026, Meta Platforms launched an equity financing plan to raise up to $95 billion to support escalating capital expenditures for artificial intelligence infrastructure and superintelligence initiatives. The program initiates with concurrent underwritten offerings totaling $35 billion, comprising $22.5 billion of Class A common stock executed via forward sale agreements with Morgan Stanley and Goldman Sachs, alongside $12.5 billion of depositary shares representing Series A mandatory convertible preferred stock. Chipmakers Nvidia, AMD, and Broadcom indicated non--binding interest to acquire up to $5 billion of the common shares. In addition, Meta intends to establish a $60 billion at--the--market equity offering program of newly created non--voting Class C common stock in the first quarter of 2027. The financing follows third--quarter 2026 results in which capital spending reached $34.91 billion, resulting in negative free cash flow of $2.12 billion.