Alphabet Raises $84.75B in Equity Offering, Boosts Capex Forecast by $5B
GOOG•Alphabet increased its equity offering to $84.75 billion, including $18 billion of Class A and C share sales, $16.75 billion of depositary shares, a $10 billion private placement to Berkshire Hathaway and a $40 billion at-the-market program. The offering closes June 4–5 and follows a $5 billion rise in capital spending to $180–190 billion.
1. Offering Details
Alphabet increased its public equity offering to $84.75 billion, comprising $18 billion of Class A and C share sales and $16.75 billion of depositary shares. The company also confirmed a $10 billion private placement to Berkshire Hathaway and a $40 billion at-the-market share program in the third quarter.
2. Structure and Timeline
The Class A and C share sale is set to close on June 4, with depositary shares finalizing on June 5. The at-the-market program will roll out in Q3, providing flexibility for additional equity issuance as market conditions evolve.
3. Capital Spending Impact
In April, Alphabet raised its annual capital expenditure forecast by $5 billion to $180–190 billion, driven by accelerated AI infrastructure investments. Tech giants’ combined spending is now projected to exceed $700 billion this year, underscoring the intensity of the AI build-out.
