🇺🇸Meta raised its 2026 capital-expenditure guidance to $135–145 billion, increasing the lower bound by $5 billion.

Meta’s updated guidance raises the lower end of its expected 2026 capital expenditure from $130 billion to $135 billion, while retaining a $145 billion upper bound. These figures are management guidance, not completed spending; Meta said it was still developing its budget and capacity plans for 2027 and did not provide a numerical 2027 capital-expenditure outlook.

Management connected its investment requirements to the compute intensity of Muse, its personal AI agent, saying that expanding the user base would require substantial investment and increase total service costs. Meta also said its available compute allowed flexibility between core-business growth, new-product development, and foundational-model training; its projected tenfold improvement in compute efficiency over the following year remains a management expectation.

Alongside the spending update, Meta announced plans for non-voting Class C common stock, distributed as one new share for each existing share, with trading expected to begin in January. The company identified capital raising, employee compensation, and potential acquisitions as intended uses of the new share class; the reported stock dividend is not itself a completed cash financing.

Telegram reports describing a company filing also detailed an eight-year agreement for Mark Zuckerberg to remain resident in California or the jurisdiction containing Meta’s headquarters. Under the reported terms, he could immediately sell 20% of the Class C shares received, equivalent to 10% of his overall economic interest; the underlying filing is not included in the supplied source data, so these terms remain attributed to the reports rather than independently checked filing text.