Meta Platforms is reportedly exploring a potential equity raise worth tens of billions of dollars, as CEO Mark Zuckerberg hunts for fresh capital to fund sweeping AI aspirations.

Financial Times (FT) reported the social media giant’s executives are exploring creative ways to boost funds for AI-related capital expenditure.

The publication stated CFO Susan Li is leading the discussions alongside Dina Powell McCormick, who moved from Meta’s board in January to take on the newly created role of president, with a specific focus on AI infrastructure financing and longer-term planning.

In its Q1 earnings report released in April, Meta raised its 2026 capex guidance range from $115 billion-$135 billion to $125 billion-$145 billion.

Zuckerberg is focused on developing so-called superintelligence which he believes will help humanity accelerate its rate of progress.

A person familiar with the discussions told FT it is premature to say if Meta has decided anything, but all financing options are still on the table.

A representative for Meta told Mobile World Live FT’s reporting “is pure speculation”.

“We’ve been clear that huge opportunities lie ahead in AI, and we’ll continue focusing on raising capital in the most flexible ways to support that.”

The potential offering comes as the US equity markets are experiencing a historic surge of activity. Elon Musk’s SpaceX plans to raise as much as $86 billion in an IPO next week, while Anthropic confidentially filed for a listing and OpenAI is also preparing to go public.

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Investigation reveals more than 4.4 million people live in ‘news deserts’ that lack dedicated local reporting

Local social media groups are fuelling misinformation in areas with no reliable sources of news, according to an investigation that reveals the scale of fake news flowing to vulnerable communities across Britain.

Misinformation was nearly three times more common in areas with little or no recognised local journalism, according to a study of tens of thousands of posts seen by the Guardian. Immigration and Islamophobia were the most common topics of misinformation across Facebook and X.

Meta’s former head of global affairs says executives pivoted right in some cases for ‘rather more self-interested’ reasons

Silicon Valley companies including Meta have decided to embrace Maga politics, some for “rather more self-interested” reasons, the former UK deputy prime minister Nick Clegg has said.

Clegg, who spent nearly seven years at Meta as the head of global affairs, told The Rest is Money podcast that it felt like “a very good time for me to move on” when he left the company in March 2025, three months into the second Trump administration.