Meta is reportedly considering the introduction of a new class of non-voting stock to finance its AI infrastructure expansion. This strategy aims to raise capital for data centers and computing clusters without diluting the voting control held by Mark Zuckerberg.
The company projects capital expenditures for AI-related projects to reach between $130 billion and $145 billion by 2026. Previously, Meta funded these developments primarily through operating cash flow and debt, avoiding large-scale equity offerings.
As of mid-2026, Mark Zuckerberg maintains approximately 61% of the company's voting power, despite owning only about 13.5% of its economic shares. A non-voting share structure would allow the company to attract new investors while keeping this voting distribution unchanged.
Market speculation regarding a potential secondary offering intensified on October 21, 2026, following the launch of the Muse Wonder models. Since mid-August 2026, short interest in Meta shares has increased by over 20%, representing 33 million shares.
