# Meta's $95B raise

Business · Heat 5.7 / 10 · 5 shows · 26m airtime

Meta announced on October 26, 2026 a plan to raise $95 billion for AI infrastructure: $35 billion in underwritten public equity and $60 billion through an at-the-market program expected to start in the first quarter of 2027. NVIDIA has since committed $3 billion of the equity and deepened a chip partnership around Muse and Vera Rubin, while AMD and Broadcom were reported as possible cornerstones for up to $5 billion combined. Meta has also raised $12.5 billion in convertible preferred at a 6.5% dividend, converting to common by 2029. Special committee chair Richard Kimmett says other companies' large raises have made capital harder to raise. The raise follows a 7% stock drop after Meta warned it would need hundreds of…

Page: https://boilpoints.com/point/metas_95b_raise_2656506899

## Segments

- [Tech Brew Ride Home](https://boilpoints.com/u/techbrewridehome), 2026-10-26, 8:54 to 11:43: **Lays out the structure of Meta's raise**. Lays out the structure of Meta's $95 billion raise: $35 billion in underwritten equity with NVIDIA, AMD and Broadcom as cornerstone investors for up to $5 billion, and $60 billion at-the-market from Q1 2027. Sets it against Alphabet's $90 billion June financing and the 7% drop after Meta's capex warning. New angle: NVIDIA, AMD and Broadcom could together put up to $5 billion into Meta's $35 billion equity offering as cornerstone investors.
- [Closing Bell](https://boilpoints.com/u/closingbell), 2026-10-26, 24:24 to 25:38: **Adds Oppenheimer's $75 billion estimate**. Boorstin's market hit on the $95 billion raise: the stock's 1.5% slide, the pre-market pop on chipmaker interest, and analyst pushback. Oppenheimer's estimate that Meta needs another $75 billion through 2028 is the one figure not already on the record.
- [WSJ What's News](https://boilpoints.com/u/wsjwhatsnews), 2026-10-26, 3:55 to 5:36: **Recaps the $95 billion raise announcement**. Recaps the $95 billion raise on the day it was announced: the $35 billion public offering, the new non-voting stock class, and the chipmakers' interest in the equity. Adds the circular-deal worry and the roughly 2% closing drop, but stays inside the announcement itself.
- [Squawk Pod](https://boilpoints.com/u/squawkpod), 2026-10-27, 12:00 to 15:06: **Runs the block on Meta's upsized raise**. Runs the news block on Meta's raise: NVIDIA commits $3 billion directly, the offering is upsized to $97.5 billion with $25 billion of common at $625 a share, and the chip partnership widens to Muse and Vera Rubin. New angle: NVIDIA says it will invest $3 billion in Meta's equity offering and deepen a chip partnership around Muse and Vera Rubin.
- [Closing Bell](https://boilpoints.com/u/closingbell), 2026-10-27, 3:41 to 11:25: **Recaps the week's AI financing wave**. Runs through the week's AI financing wave with a Guggenheim banker: Meta's $95 billion raise, SpaceX's $40 billion debt and Broadcom's $63 billion lease. The Meta pricing detail is a recap of what is already on the record; the rest is framing and opinion.
- [The Compound and Friends](https://boilpoints.com/u/thecompoundandfriends), 2026-10-27, 30:53 to 35:23: **Reads Meta's raise through cost of capital**. Reads Meta's raise through the cost-of-capital lens: the special committee chair's own words on a challenging environment, Musk's neocloud warning, Nebius's 364-day Citi bridge after its CEO said asset-backed markets were shut, and Ben Thompson on dilution. New angle: Meta special committee chair Richard Kimmett says other companies' large raises have made raising capital increasingly challenging.
- [The Compound and Friends](https://boilpoints.com/u/thecompoundandfriends), 2026-10-27, 35:23 to 40:29: **Breaks down the structure of Meta's raise**. Breaks down the structure of Meta's raise: the upsized $25 billion common at $625, a $12.5 billion convertible preferred at 6.5% converting by 2029, and the $60 billion at-the-market program in the new Class C. Reads the supply overhang as a reason to avoid the stock into year end. New angle: Meta raised $12.5 billion in convertible preferred at a 6.5% dividend, converting into common by 2029.