Meta launches $35B stock offerings and plans another $60B for AI investment

Meta launched concurrent offerings of $12.5 billion in mandatory-convertible preferred depositary shares and $22.5 billion in Class A shares tied to forward-sale agreements. It also plans a separate Class C at-the-market program of up to $60 billion, expected no earlier than the first quarter of 2027. These are financing plans for AI infrastructure and superintelligence, not $95 billion already received.