The Globe and Mail reports in its Tuesday, Oct. 27, edition that Meta plans to raise up to $95-billion in its largest-ever equity fundraising (all figures U.S.). A Reuters dispatch to The Globe reports that Meta has launched public offerings worth about $35-billion in common and preferred stock, and said it also plans to launch a separate at-the-market share sale program worth up to $60-billion. Meta aims to launch the larger share sale program after its new non-voting Class C shares begin trading in early 2027. Meta's fundraising plan has also drawn interest of up to $5-billion from Nvidia, Advanced Micro Devices and Broadcom for Class A shares. Concerns are growing over a circular capital flow in the artificial intelligence industry, with chip suppliers financing the expansion of major customers. Meta has been pouring money into chips and datacentres to compete better with Microsoft-backed OpenAI and Anthropic. Earlier this year, Alphabet increased the size of its equity offerings to $84.75-billion. Separately on Monday, SpaceX said an affiliate of Apollo Global Management will buy AI chips and server hardware and lease them to SpaceX, in a deal with total principal payments of about $40-billion.