Tuesday, 27 October 2026

★Top story: Deals

Meta plans up to $95 billion in stock sales for AI buildout

Meta plans to sell up to $95 billion in shares to raise money for its AI infrastructure, according to The Information. A Meta announcement puts about $22.5 billion of that in Class A common stock, with $12.5 billion from depositary shares and the remaining $60 billion from open-market sales once new Class C shares start trading.

$95Bplanned share sales

NoteThe Class C shares carry no voting rights, which lets Meta raise money without diluting Zuckerberg's control.

Source: The Decoder·Share

Deals

Nevis raised $70 million for an AI operating system for wealth management

Nevis, a startup founded by former Revolut executives, has raised $70 million in a Series B round led by EQT Ventures. It is building an AI operating system for wealth management.

NoteA former Revolut team building AI for wealth managers is a useful signal for banks watching the wealth segment.

Source: Finextra·Share

Deals

SpaceX reached a binding commitment for roughly $40 billion in GPU financing

SpaceX has reached a binding commitment for roughly $40 billion in financing for AI chips and related data center equipment, according to a regulatory filing. Under the agreement, an entity managed by Apollo Global Management will buy the chips and server hardware and lease the equipment to SpaceX, and SpaceX expects the deal to close by year-end, subject to closing conditions.

$40Bcommitted GPU financing

NoteTechCrunch says the lease gives SpaceX another way to fund AI spending without relying solely on traditional debt markets.

Source: TechCrunch·Share