Google’s parent company Alphabet has announced equity offerings totalling $80 billion in expected aggregate amount as part of its plan to fund investments in its compute infrastructure to meet unprecedented customer demand.
The US technology giant stated that the capital initiative includes $30 billion in concurrent underwritten public offerings.
The company also reached an agreement to sell $10 billion of stock to Berkshire Hathaway in a private placement.
The firm emphasised that demand for its AI solutions and services from enterprises and consumers is currently exceeding the company's available supply.
More cash flow
During its first-quarter earnings call, Alphabet announced that its 2026 capital expenditures are expected to be $180 billion to $190 billion, and that it expects 2027 capital expenditures to significantly increase compared to 2026.
The company pointed to existing financial pillars, noting that it generated $174 billion of operating cash flow over the 12 months ended March 31.
Alphabet also raised over $85 billion of debt across six major currencies and markets over the last year, bringing its total debt balance to over $100 billion.
