What Meta has announced
According to The Times of India, Meta announced on Monday that it plans to raise up to $95 billion in its largest-ever equity fundraising. The plan consists of two separate steps: first, public offerings worth roughly $35 billion in common and preferred stock, and second, a separate at-the-market share sale program of up to $60 billion.
According to the same source, the larger $60 billion program is to be deployed after newly created non-voting Class C shares begin public trading, which is expected in the first quarter of 2027. Specific timelines and transaction terms for that phase have not yet been finalized, the report says.
Chipmakers as possible investors
Both The Times of India and Seeking Alpha report that Nvidia, AMD and Broadcom together are looking to acquire up to $5 billion in Meta's voting Class A shares. According to Seeking Alpha, Nvidia is named with an investment of $3 billion as part of the share offering; Investing.com's source status only covers its headline and summary.
The Times of India notes that this constellation has renewed scrutiny over a "circular" flow of capital in the AI industry, in which hardware suppliers indirectly help finance the buildout of one of their largest customers.
Background
According to The Times of India, Meta has for some time been spending billions on advanced accelerators and specialized server campuses to keep pace with the AI developers OpenAI and Anthropic. The report places the move in a broader trend: technology companies increasingly fund computing capacity through capital markets rather than relying solely on their own cash reserves. According to the report, Alphabet has expanded its own equity offerings to $84.75 billion.
At the same time, The Times of India reported that an affiliate of Apollo Global Management will buy AI processors and data center hardware from SpaceX and lease the equipment back to the company, in a transaction totaling approximately $40 billion in principal payments.
Assessment
The Times of India states that Meta has committed to roughly $825 billion in future expenditures. The report leaves open whether and how this capital requirement affects the company's financial profile. For German companies that use AI infrastructure or cloud services, the development could be relevant if it affects dependence on a few large providers and hardware suppliers. It remains unclear how long the $60 billion program will actually run once the new share class starts trading.
Sources
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