Meta disclosed concurrent offerings totaling about $35 billion as it forecast $135 billion to $145 billion in capital spending for 2026, while its filing does not confirm Nvidia's reported $3 billion share purchase.
Reuters reported that Meta and Nvidia would broaden their work on Muse, Meta's AI assistant and model family, and that Nvidia planned to buy $3 billion in Meta shares. The filing neither confirms that purchase nor gives Nvidia's share of the combined stock interest it describes.
In its Oct. 26 filing, Meta says Nvidia, Advanced Micro Devices and Broadcom had given nonbinding indications of interest in buying up to $5 billion of Class A common shares in total. The document sets no company-by-company allocation and says any buyer could purchase a different amount from the indication or none at all.
Separate from those indications, Meta disclosed two offerings totaling roughly $35 billion: $22.5 billion in Class A common stock and $12.5 billion of depositary shares representing preferred stock. The filing cites artificial intelligence and Meta's core business as drivers of its 2026 capital spending forecast.
Meta said it expects to fund investments through operating cash flow, investment-grade debt, strategic partnerships and equity. It reported $97 billion in operating cash flow during the first three quarters of 2026 and about $82 billion in cash, cash equivalents and marketable securities at the end of the third quarter.
In February, Nvidia and Meta described a multiyear infrastructure relationship that would put Nvidia technology to work across Meta's data centers and AI operations. Meta introduced Muse on Sept. 8 as a personal assistant for delegated tasks and planning; EconoTimes previously covered the product's early U.S. download growth.
Meta's filing also describes a proposed $60 billion at-the-market program tied to Class C shares, but says no agreement has been entered and its terms and timing are unsettled. The program is expected after those shares start trading, which Meta expects in the first quarter of 2027.
