Meta Platforms is reportedly weighing a share sale worth tens of billions of dollars. The move would follow Alphabet’s record-shattering $85 billion equity raise and underscores the staggering costs of the AI arms race.
According to the Financial Times, the potential offering would help finance Meta’s capital expenditure budget, which has ballooned to between $125 billion and $145 billion for 2026. That range is up $10 billion from earlier forecasts, highlighting the rapid escalation of AI infrastructure costs.
Investors reacted negatively. Meta shares dropped 5% to 7% on June 5, 2026, after the report surfaced.
Alphabet’s $85 billion raise, which closed in early June 2026, was initially targeted at $80 billion but was upsized due to oversubscription. It is the largest corporate equity capital raise in history. The deal included a $10 billion private placement to Berkshire Hathaway, with shares priced around $351.81 for Class A and $348.20 for Class C.
For existing Meta shareholders, the primary concern is dilution. The stock decline on the news reflects that anxiety directly. Notably, neither Meta nor Alphabet has signaled any cryptocurrency involvement in their equity strategies. These are pure traditional equity plays through conventional capital markets.