Meta raises AI spending floor and plans nonvoting Class C stock

The company lifted the bottom of its 2026 capex range to $135 billion and will hand shareholders a new class of shares with no votes attached Meta wants to spend more on artificial intelligence. It also wants to keep the steering wheel exactly where it is. On October 21, 2026, Meta Platforms raised its capital expenditure forecast for the year and unveiled a new class of nonvoting stock. Meta now expects 2026 capital spending between $135 billion and $145 billion . The previous range was $130 billion to $145 billion. The money is going toward AI infrastructure, meaning the chips and data centers needed to train large models. It is also funding development of Muse, Meta’s consumer AI agent.

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