Meta is exploring the use of nonvoting shares to help finance its artificial intelligence spending, Semafor reported. The move would let Meta raise capital without diluting the voting control held by existing shareholders, a structure other companies have used when funding large capital programs without ceding governance.
The report lands just ahead of earnings from both Meta and Tesla, where AI spending and the effect on profit margins are expected to be the main topics investors press management on. Meta has been increasing its AI investment, and how it pays for that buildout, through debt, equity, or a new share class, is a live question for the stock.
No terms, size or timeline for a nonvoting share issuance have been confirmed. It remains a reported option rather than an announced plan.