Meta’s AI arms race is truly a money pit—its $55 billion in debt still isn’t enough, and now it’s issuing more shares. Zuckerberg is basically putting his entire fortune on the line.

CoinWorld News: Meta is exploring raising hundreds of billions of dollars by issuing additional shares to fund this year’s AI capital expenditures, which could be as high as $145 billion. The financing negotiations are co-led by CFO Susan Lee and President Dina Powell McCormick. Meta is also evaluating Google’s financing structure and considering adopting a mandatory convertible preferred stock model, so it can be converted into common stock several years later. To support its AI expansion, Meta mainly relies on cutting costs and issuing bonds; its long-term debt has surged from less than $10 billion in 2022 to $55 billion.