Meta plans to issue tens of billions of shares to raise funds and cope with 145 billion yuan in AI expenses According to Beating monitoring, after Google's parent company Alphabet completed a $85 billion equity financing this week, Meta is exploring raising tens of billions of dollars through issuing additional shares to cope with potential AI capital expenditures of up to $145 billion this year. Three insiders revealed that the financing negotiations were jointly led by Chief Financial Officer Susan Li and Dina Powell McCormick, who took over as CEO in January this year. McCormick had worked at Goldman Sachs for 16 years, and Goldman Sachs was also the lead underwriter for this week's Google deal. At present, Meta has not yet hired an underwriting investment bank and may not ultimately issue stocks. An official spokesperson stated that rumors of an additional issuance are purely speculative. Meta is evaluating Google's financing structure in order to immediately obtain cash and delay equity dilution. Google's transaction adopts a mandatory convertible preferred stock model, allowing issuers to obtain funds first and convert them into common stock several years later. The Meta management realizes the need to act quickly within the window period to prevent SpaceX's IPO next week, which is valued at $1.78 trillion and plans to raise $86 billion, as well as Anthropic's secret IPO application and OpenAI's IPO process, from excessively consuming the liquidity and investor enthusiasm of the US stock market. Competitors such as Microsoft and Amazon are also evaluating stock issuances to alleviate the pressure on their balance sheets from data center construction. Prior to evaluating equity financing, Meta primarily relied on cost cutting and issuing bonds to support AI expansion, with long-term debt soaring from less than $10 billion in 2022 to $55 billion in recent times. Meta also stopped stock buybacks since 2017 at the end of 2025 and laid off 8000 employees and froze 6000 positions last month. [Original link]