Google's parent company Alphabet is seeking $80 billion in funds to support its AI and data center buildout.
– Sebastian Moss
Nasdaq-listed Alphabet Inc. this week announced equity offerings totaling $80bn, in expected aggregate amount, as part of its plan to "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand."
The offerings include $30bn underwritten public offerings ($15bn in mandatory convertible preferred stock and $15bn in Class A Common Stock and Class C Capital Stock) and a $40bn at-the-market (ATM) offering for Class A Common Stock and Class C Capital Stock over time, expected to begin in Q3 2026.
Alphabet said it has also reached an agreement to sell $10bn of stock to Berkshire Hathaway Inc. in a private placement.
