Alphabet Announces $84.75B Capital Raise Including $10B from Berkshire Hathaway

Alphabet disclosed a series of transactions to raise approximately $84.75 billion in equity capital to fund significant investments in its AI compute infrastructure and meet growing customer demand. The financing plan includes a priced public stock offering, a private placement with Berkshire Hathaway, an offering of mandatory convertible preferred stock, and a new at-the-market (ATM) program.

Key Details

• Public Stock Offering: The company priced a public offering of Class A and Class C common stock to raise approximately $18 billion. On June 3, 2026, underwriters fully exercised their option to purchase additional shares, increasing total gross proceeds from this offering to approximately $20.7 billion.
• Private Placement: On June 1, 2026, Alphabet entered into an agreement for a $10 billion private placement of its Class A and Class C stock to an affiliate of Berkshire Hathaway Inc.
• Convertible Preferred Offering: The company also priced an offering of depositary shares representing interests in mandatory convertible preferred stock, raising gross proceeds of approximately $16.75 billion.
• ATM Program: An "at-the-market" (ATM) equity distribution agreement was established on June 1, 2026, allowing the company to sell up to $40 billion of its Class A and Class C stock over time.