How the Offering Was Announced
Meta Platforms on Monday, October 26, 2026, launched public offerings of about $35 billion in common stock and convertible preferred stock. The company is taking this step to finance its costly expansion in artificial intelligence. According to Reuters, the offering was announced on that very day and organized as a public offering. Bloomberg Law also confirmed on the same date that the company was offering about $35 billion in common and preferred stock.
Common stock is a security representing a share in a company's capital. Convertible preferred stock is a type that can be exchanged for common stock under certain conditions. Both instruments allow a company to raise funds from investors. Meta is using exactly these two instruments within a single offering.
“Meta Platforms on Monday, October 26, 2026, launched public offerings of about $35 billion in common stock and convertible preferred stock, seeking to finance its costly AI expansion.” — Reuters
The Numbers: $35 Billion, $60 Billion, $95 Billion
The central figure of the offering is about $35 billion. This sum denotes the size of the public offering launched on that day. At the same time, according to Bloomberg Law, Meta aims to raise up to $95 billion in total. This total figure is formed through the sale of common and preferred stock.
The remainder of the total comes from a separate program. In addition to the offering of about $35 billion, the company plans to raise up to about $60 billion through an at-the-market program. $35 billion plus $60 billion adds up to $95 billion. That is why the press mentions both the launched $35 billion offering and the overall target of up to $95 billion. The two figures do not contradict each other: one is the offering launched today, the other is the upper limit across all programs combined.
What the At-the-Market Program Means
An at-the-market program is a mechanism that lets a company sell its shares at market price gradually, in stages. Not all shares are sold in a single day; instead, they are sold little by little depending on market conditions. Meta's program is based on planned Class C shares. Class C shares are nonvoting shares, meaning their holders will have no right to vote in the company's management.
The program's size is reported to be set at up to about $60 billion. That is an upper limit, not an exact amount sold. How fast and in what volume sales proceed will depend on market conditions. For the same reason, $95 billion should also be read as the upper limit of the overall target, not as a guaranteed amount raised.
Market Reaction
After the announcement, Meta shares recovered part of their initial losses. According to Bloomberg Law, the share price rose 1.2% to trade at $650 per share. This figure shows the market's initial reaction on the day of the announcement. The rise in the share price gives an early signal of how investors received the offering, but a single day's price movement does not determine the outcome of the entire program.
Large stock offerings usually draw market attention, because issuing new shares can affect existing shareholders' stakes. At the same time, if the funds raised are directed toward the company's development, investors may view this as a long-term plan. In Meta's case, the purpose of the funds is stated clearly: financing the expansion of artificial intelligence.
How It Differs From the October 22 Plan
This news should not be confused with the article published on October 22, 2026. That article discussed Meta's plan to create Class C shares. Today's news is not a plan, but the actual launch of the offering. On October 26, the company officially launched a public offering of about $35 billion and also announced the $60 billion at-the-market program.
The distinction matters: a plan is a step intended for the future, while a launched offering is a process already underway. For readers, today's news is a new event, not a repeat of the old plan. That is why this article is covered as a separate news story.
Its Place in the AI Race
Bloomberg Law notes that Meta is relying on investor backing in the race for leadership in artificial intelligence development. This race is unfolding on a global scale, and large technology companies are taking part in it with major sums of money. With its current offering, Meta is seeking to strengthen its position in precisely this race.
This news also matters for readers in Uzbekistan, because the artificial intelligence race is unfolding globally, and large financings set the pace at which artificial intelligence services develop. The size of the funding and its purpose show how intense competition in artificial intelligence has become. In the coming stages, how the offering progresses and how much money is raised under the program will determine the next picture of this race.
