Data · October 28, 2026
Meta seeks to raise R$ 475 billion for AI infrastructure expansion
Meta intends to raise up to R$ 475 billion through stock sales to finance the expansion of its artificial intelligence infrastructure, including data centers and cloud computing capacity.
The owner of Facebook, Instagram, and WhatsApp has initiated stock offerings of approximately R$ 175 billion and plans to sell an additional R$ 300 billion starting in 2027.
Chip manufacturers have shown interest in purchasing up to R$ 25 billion in Class A common shares from Meta included in the offering. The initial offering comprises both common and convertible preferred shares, while the second phase depends on the commencement of negotiations for new Class C shares, which will have no voting rights, expected in the first quarter of 2027.
This fundraising effort comes as the company increases its spending to compete with OpenAI and Anthropic. Recently, Meta raised the minimum limit of its capital expenditure forecast for 2026 from R$ 650 billion to R$ 675 billion, with a cap remaining at R$ 725 billion.
The company has also committed to future spending of approximately R$ 4,125 trillion, primarily driven by investments in data centers, AI infrastructure, and cloud computing. The rise in expenditures is already reflected in the financial results. In the third quarter, Meta reported a negative free cash flow of R$ 10.6 billion, its first negative result in this metric in over a decade.
As of September 30, the company had R$ 412.25 billion in cash, cash equivalents, and marketable securities, slightly above R$ 404.6 billion in long-term debt. Despite financial pressure, the revenue exceeded analyst expectations in the third quarter, with Meta generating R$ 323 billion, compared to a projection of R$ 316.85 billion.
For the fourth quarter, the company estimates revenue between R$ 365 billion and R$ 380 billion.