S&P Global lowered the outlook on Meta's AA- credit rating to negative, citing rising leverage and possibly prolonged negative free operating cash flow, and noting Meta has more limited visibility into AI monetization than peers; Meta disagreed with the assessment. S&P expects Meta's capex to reach about 140 billion USD in 2026 and exceed 225 billion USD in 2027. Meta has disclosed more than 800 billion USD in future spending commitments, nearly half tied to leases not yet started, and recently completed a 25 billion USD stock sale at 625 USD per share, with an at-the-market program that could sell up to another 60 billion USD. The stock fell below the offering price on Friday. Blue Line Capital's Bill Baruch cut his Meta weighting to 1.5% from 2.5%, citing expected 2026 capex of 135–145 billion USD and estimates near 200 billion USD for 2027.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 10/30/2026 | 614.99 |
| Change that session | -1.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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