Meta announced the launch of a public offering of approximately $35 billion in common stock and mandatory convertible preferred stock, and plans to introduce an at-the-market (ATM) equity offering program of up to approximately $60 billion in the future, totaling a potential financing scale of $95 billion to bolster its AI initiatives. This public offering includes approximately $22.5 billion in Class A common stock and approximately $12.5 billion in Series A mandatory convertible preferred stock. Additionally, Meta plans to launch an ATM equity offering program of up to approximately $60 billion as early as Q1 2027, though relevant agreements have not yet been signed. NVIDIA, AMD, and Broadcom are interested in purchasing up to $5 billion of Meta's Class A common stock, but this does not constitute a binding purchase commitment. Meta anticipates capital expenditures of $135 billion to $145 billion in 2026 to expand its AI infrastructure and computing capacity.