Market & RegulationInvestment · $135B-$145B capex
Meta creates new share class for AI funding
The Verge AIhigh confidence
Why it matters
- →Meta is structuring its balance sheet to support a $145B annual capex run rate, signaling long-term commitment to AI infrastructure.
- →The non-voting share structure protects founder control while raising capital for AI and acquisitions.
- →This move highlights the increasing financial barrier to entry for competing in foundational AI model development.
Meta announced the creation of a new class of non-voting shares during its third-quarter earnings report to fund its artificial intelligence initiatives. The company projects capital expenditures between $135 billion and $145 billion this year, up from previous estimates, citing the need for significant infrastructure investment. CFO Susan Li stated the new stock will provide flexibility for AI-driven growth, potential acquisitions, and employee compensation, with trading expected to begin in 2027. This financial maneuver allows Meta to raise substantial capital for its AI race without diluting the voting power of existing shareholders.
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