Meta 拟发售最高 950 亿美元股票，为 AI 基建融资
Meta plans up to $95 billion in stock sales to fund its AI buildout
AI 导读
Meta 计划通过发售新股筹集最高 950 亿美元，用于 AI 基础设施扩建。
摘要与补充说明
据 The Information 报道，其中约 225 亿美元来自 A 类普通股，125 亿美元来自存托股份（每份对应二十分之一股新优先股，除非提前转换，否则将于 2029 年 8 月自动转为普通股），其余 600 亿美元将在新的 C 类股开始交易后通过公开市场持续出售，时间可能不早于 2027 年第一季度。Meta 目前有每股一票的 A 类股和每股十票的 B 类股，B 类股大部分由 CEO Mark Zuckerberg 控制的实体持有；上周宣布的 C 类股没有投票权，使 Meta 能在融资的同时不稀释 Zuckerberg 的控制权。
正文
Meta plans to sell new stock to raise money for its AI infrastructure buildout. According to The Information, the company plans to sell up to $95 billion in shares.
About $22.5 billion will come from selling Class A common stock, according to a Meta announcement. Another $12.5 billion will come from depositary shares, each representing one-twentieth of a new preferred share. Unless they're converted earlier, these preferred shares will automatically convert into common stock in August 2029. The remaining $60 billion will come from ongoing sales on the open market once new Class C shares start trading, likely no earlier than the first quarter of 2027.
Right now, Meta has Class A shares with one vote each and Class B shares with ten votes each. Entities controlled by CEO Mark Zuckerberg hold most of the Class B shares. The Class C shares, which Meta announced last week, carry no voting rights. That lets Meta raise money without diluting Zuckerberg's control. According to the announcement, Nvidia, AMD, and Broadcom have expressed non-binding interest in buying up to $5 billion in Meta stock.
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