Alphabet raises $80bn in first stock offering in over 20 years

TL;DR

• Alphabet said on June 1, 2026 that it will raise $80 billion in equity, its first stock offering in more than 20 years.
• The financing includes a $30 billion underwritten stock offering, a $40 billion at-the-market share programme, and a $10 billion strategic investment from Berkshire Hathaway.
• Alphabet said about half of the proceeds will support general corporate purposes including AI infrastructure and global compute, while the rest will cover tax obligations tied to employee equity awards.

Alphabet announced on June 1, 2026 that it will raise $80 billion in equity, marking the company’s first stock offering in over 20 years. The transaction consists of a $30 billion underwritten stock offering, a $40 billion at-the-market share programme, and a pre-arranged $10 billion equity investment from Berkshire Hathaway.

Alphabet said roughly half of the proceeds will be used for general corporate purposes, including capital expenditures to scale AI infrastructure and global compute. The company said the remaining proceeds will be used to meet tax obligations connected with the vesting of employee equity awards.

Alphabet’s filing said capital expenditure for the 2026 financial year is expected to reach $180 billion to $190 billion, and that 2027 capital expenditure is expected to increase significantly. The announcement follows Alphabet’s authorization of a $70 billion share repurchase programme in April 2025.

Related questions

• How is Alphabet structuring its $80 billion equity raise?
• How much of Alphabet’s new funding will go to AI infrastructure and global compute?
• What capital expenditure did Alphabet forecast for 2026?