Meta 向 SEC 申报拟融资 950 亿美元投入 AI 数据中心
Meta 一次融 950 亿美元，连卖它芯片的 Nvidia、AMD 都来认购，规模大到值得看看账怎么算的。
Meta 向 SEC 提交公告，计划通过股权融资 950 亿美元，用于 AI 数据中心和超级智能项目。首批 350 亿美元来自 225 亿美元普通股与 125 亿美元强制可转换优先股承销发行，后续还有 600 亿美元的市价增发计划。采购芯片的 Nvidia、AMD 和 Broadcom 表示有意认购至多 50 亿美元股份。Meta 2026 年资本开支预测上调至 1350 亿至 1450 亿美元，自由现金流转负，尽管前三季度经营现金流达 970 亿美元、持有约 820 亿美元现金及证券。这笔资金将支持 4 个超过 1GW 的超级集群、Muse 智能体及数据中心业务。
Meta filed the announcement with the SEC that it plans to raise $95B in new equity to fund AI data centers and its superintelligence push.
The first $35B comes from underwritten offerings of $22.5B in common stock and $12.5B in mandatory convertible preferred shares, with a $60B at-the-market program to follow.
Nvidia, AMD and Broadcom, which sell Meta the chips this money will buy, indicated interest in taking up to $5B of the shares.
The raise comes as Meta’s 2026 capex forecast rose to $135B to $145B while free cash flow turned negative, despite $97B of operating cash flow in the first 3 quarters and about $82B in cash and securities.
Meta says the money supports 4 superclusters above 1 gigawatt each, its Muse agent and a data center business, alongside debt and partnership financing.
