Meta plans to raise up to $97.5 billion; Oracle caps additional financing for this round at $20 billion
Meta has launched a new round of equity financing, expanding the size from $35 billion to $37.5 billion; combined with a stock sale plan of up to $60 billion, the total is up to $97.5 billion, to support AI infrastructure and personal superintelligence investment. Oracle, meanwhile, announced at its investor day that additional capital market financing still needed for this investment cycle through fiscal 2030 will be limited to $20 billion, and it expects free cash flow to turn positive in the second half of fiscal 2028. Both companies use supplier financing, customer-provided hardware, and prepayments to reduce upfront outlays, but they have set out different arrangements for subsequent fundraising.
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