Meta is reportedly assessing a sizeable stock offering to help cover AI infrastructure spending that could climb to about USD145 billion this year and increase again in 2027. Alphabet just completed an USD85 billion equity raise after initially targeting USD80 billion, and that upsized deal now ranks as the largest equity capital markets transaction on record. Meta’s potential move is being framed internally against escalating capital needs in the AI race and the precedent set by its search rival’s financing push.
Meta is reviewing different ways to fund data centres, chips and other AI backbone projects rather than relying solely on cash flow or debt. Technology investors are still digesting Alphabet’s jumbo share sale, which drew such strong demand that the company could comfortably expand the deal size by USD5 billion. Market participants say that kind of response signals deep appetite for large scale AI exposure, encouraging other platforms like Meta to at least test the waters. AI infrastructure is shifting from a big bet to a core capital requirement for the largest platforms.
Meta’s plans remain fluid, and the company has not yet mandated banks or formally launched any equity process. People familiar with its thinking suggest leadership is keeping every financing lever open, from traditional share issuance to alternative structures that might reduce dilution. Big tech groups including Meta, Alphabet, Anthropic and SpaceX are all tapping different slices of public and private markets within weeks of each other.
