Meta is weighing a large equity offering that could raise tens of billions of dollars to fund AI infrastructure buildout.

Meta Platforms is considering a sizable equity raise aimed at funding a major expansion of its artificial intelligence infrastructure, representing a meaningful shift in the company's capital structure and long-term investment approach.

The equity deal would reduce balance sheet pressure and limit reliance on additional debt, but would also dilute current shareholders and reset the ownership mix at a time when Meta faces scrutiny over its dual class structure and governance.

The potential raise signals that Meta's internal cash generation, despite strong advertising revenue, may not be sufficient to support its current AI buildout pace, challenging the view that the AI push is comfortably covered by existing profit.