Google's parent company Alphabet is seeking $80 billion in funds to support its AI and data center buildout.

Update -

On Wednesday, June 3, Google said it was increasing the equity raise to $84.75bn.

Original story resumes -

Nasdaq-listed Alphabet Inc. this week announced equity offerings totaling $80bn, in expected aggregate amount, as part of its plan to "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand."

The offerings include $30bn underwritten public offerings ($15bn in mandatory convertible preferred stock and $15bn in Class A Common Stock and Class C Capital Stock) and a $40bn at-the-market (ATM) offering for Class A Common Stock and Class C Capital Stock over time, expected to begin in Q3 2026.

Alphabet said it has also reached an agreement to sell $10bn of stock to Berkshire Hathaway Inc. in a private placement.

The Berkshire offering is comprised of $5bn in Class A Common Stock at a price of $351.81 per share and $5bn in Class C Capital Stock at a price of $348.20 per share. Alphabet stock is currently trading at $372.58 at time of writing.

The company said it aims to use the proceeds for general corporate purposes, including capital expenditures to scale AI infrastructure and global compute.

During its Q1 2026 earnings call, Alphabet announced that its 2026 capital expenditures are expected to be $180-$190bn, and that it expects 2027 capital expenditures to "significantly increase" compared to 2026.