Alphabet Unveils $80B Equity Raise with $10B Berkshire Investment
Alphabet plans an $80 billion equity raise—$30 billion in underwritten offerings and a $40 billion ATM program—with Warren Buffett’s Berkshire Hathaway buying $10 billion of stock in a private placement. Proceeds will fund AI compute scaling and expand global data center infrastructure.
1. Equity Capital Raise Details
Alphabet announced an $80 billion equity raise structured with $30 billion in underwritten offerings—split between $15 billion in mandatory convertible preferred depositary shares and $15 billion in Class A and Class C common stock—and a $40 billion at-the-market program starting in Q3 2026.
2. Berkshire Hathaway Private Placement
Berkshire Hathaway agreed to invest $10 billion through a private placement, acquiring $5 billion of Class A shares at $351.81 each and $5 billion of Class C shares at $348.20 each, bolstering its existing position in Alphabet.
3. Allocation of Proceeds and AI Expansion
Proceeds from the offerings and private placement will support general corporate purposes, with a primary focus on scaling AI compute infrastructure and expanding global data center capacity to meet surging demand for enterprise and consumer AI services.
