Meta creates new non‑voting stock class to fund $135‑$145 B AI spend in 2026
Meta Platforms announced a new class of non‑voting shares that will be issued to existing investors via a stock dividend. The shares are intended to finance its AI build‑out, potential acquisitions and employee compensation, with trading slated to start in 2027. Capital expenditures for AI are projected at $135 billion to $145 billion for 2026, up from a prior low end of $130 billion.
Why it matters: The funding mechanism expands capital available for large‑scale AI development, affecting partners, developers and the broader AI ecosystem.
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Bloomberg TechnologyMeta Plans to Issue New Non-Voting Stock for Capital Raising ↗bloomberg.com · 9h ago
The VergeMeta to create a new class of shares to fund AI push ↗theverge.com · 8h ago
TechCrunchMeta wants to pay for its broad AI buildout with a newly created class of stock ↗techcrunch.com · 6h ago
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