Meta Platforms launched public offerings of about $35 billion in common stock and convertible preferred stock on Monday. The company also plans an at-the-market share sale program of up to $60 billion, following the expected trading debut of its new non-voting Class C shares in the first quarter of 2027. The fundraising is intended to finance Meta’s spending on data centers, computing capacity and artificial intelligence products. As of September 30, Meta held $82.45 billion in cash, cash equivalents and marketable securities, slightly above its $80.92 billion in long-term debt, and has committed to spending about $825 billion in the future.
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