Summary
[Update/Follow-up] On October 27, 2026 (Tuesday), Meta raised its record AI equity offering from up to $95 billion to $97.5 billion, increasing the common stock component from $22.5 billion to $25 billion at $625 per share; Nvidia announced the same day that it will invest $3 billion in Meta's equity offering and deepen collaboration on the AI assistant Muse and related AI models.
Event Overview
- Date: Meta announced the enlarged offering on October 27, 2026 (Tuesday); Reuters reported the same day.
- Parties: Meta Platforms, Nvidia.
- Event: Meta raised its AI infrastructure financing plan to $97.5 billion, up from the up-to-$95 billion plan announced Monday (October 26), making it the company's largest-ever equity offering. In a separate statement, Nvidia said it would invest $3 billion in Meta's equity offering.
- Follow-up note: This site published a story on Meta's ~$95 billion AI financing on October 26; this article is the update covering the October 27 raise and Nvidia's investment.
Key Information
| Item | Detail |
|---|---|
| Announcement date | October 27, 2026 (Tuesday) |
| Total offering | Raised to $97.5 billion (previously up to $95 billion) |
| Public offering | About $35 billion in common and preferred stock |
| Common stock | Increased from $22.5B to $25B, priced at $625.00 per share |
| Depositary shares | 250 million shares at $50 per share (representing mandatory convertible preferred stock) |
| ATM program | Up to $60 billion at-market offering, to start after Class C shares trade in Q1 2027; terms not finalized |
| Strategic interest | Nvidia to invest $3 billion; Nvidia, AMD and Broadcom expressed combined interest of up to $5 billion in Class A shares |
| Share price | Meta shares fell about 1.4% in morning trading |
Collaboration and Financial Background
- Deeper collaboration: Meta plans to further deploy Nvidia's Vera Rubin platform and Vera CPU to support next-generation AI agents; the two companies will optimize training and inference performance, lower operating costs, and consider applying Nvidia's OpenShell framework for secure agent deployment and Sentry for agent-behavior monitoring.
- Muse positioning: Muse is central to CEO Mark Zuckerberg's "personal superintelligence" strategy, previously codenamed Hatch, targeting Meta's billions of users; per related reports, it draws on the open-source agent OpenClaw and can access email, calendar, payments, health, shopping and smart-home apps with user authorization, which users can revoke at any time.
- Financials: Meta reported a $2.12 billion negative free cash flow in Q3, its first negative reading in over a decade (versus positive $10.63 billion a year earlier); it held $82.45 billion in cash and securities and $80.92 billion in long-term debt as of September 30, with about $825 billion in future spending commitments.
- Analyst views: William Blair analysts said the financing reinforces Meta's confidence in long-term returns from AI investment while underscoring its capital-intensive nature; Reuters noted chip suppliers financing the expansion of one of their biggest customers adds to concerns about circular capital flows in AI.