One signal

Meta announced roughly $35bn in underwritten share offerings and plans a further $60bn at-the-market sale programme, Yahoo Finance reports. The company also recently raised its 2026 capital expenditure outlook to $135bn–$145bn, with AI infrastructure among the major drivers of the sector’s spending surge.

That puts a concrete financing plan beside Meta’s bigger AI budget: the company is raising capital while expanding its infrastructure bill. The report does not establish how much of the planned share sales will go directly towards AI, so these are related figures, not a one-to-one funding breakdown.

Discuss: Should companies fund AI infrastructure with large share sales, or is that a warning that the build-out is outrunning the cash it can generate?

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