# Google parent Alphabet Inc. upsized its equity raise to $84.75 billion from the $80 billion it announced just two days earlier.

*genai · news · 2026-06-03 · The Mercury News*

## Key points

- Alphabet increased its equity raise to $84.75 billion, up from $80 billion announced two days prior.
- The offering uniquely includes a $10 billion deal with Berkshire Hathaway Inc.
- Alphabet's equity raise is now the largest in history, surpassing Petrobras's 2010 $70 billion sale.
- Proceeds will help fund Alphabet's expanding AI chip business, positioning its TPUs against Nvidia's processors.

By Carmen Reinicke and Lynn Doan, Bloomberg Google parent Alphabet Inc. upsized its equity raise to $84.75 billion from the $80 billion it announced just two days earlier in a bid to help fund growing artificial intelligence spending plans. The offering includes a $40 billion so-called at-the-market program, which would involve the company selling shares directly into the open market from time to time beginning in the third quarter, as well as a $10 billion deal with Berkshire Hathaway Inc. The remaining portion of the offering includes $18 billion in Class A common stock and Class C capital shares and $16.75 billion in depositary shares. The equity offering is set to be the largest of all time, according to data compiled by Bloomberg. It’s generally rare for a company as large as Alphabet to raise this much equity, and the deal is an unexpected twist in a big year for initial public offerings, especially ahead of SpaceX’s pending public listing. Alphabet was already set to pull off the biggest equity capital markets transaction of all time at the previous $80 billion level. Its offerings are poised to top Brazilian oil producer Petroleo Brasileiro SA’s roughly $70 billion sale of common and preferred stock in 2010. Google is trying to capitalize on a growing appetite for its homegrown AI chips, known as tensor processing units, or TPUs. They have become a key alternative to Nvidia Corp.’s market-leading processors in an industry that requires tremendous amounts of computing power. The race to build AI data centers to fully utilize the technology has led Alphabet and its megacap peers to boost capital expenditures to record levels. Alphabet shares were about 0.7% higher at 10:00 a.m. in New York City. More stories like this are available on bloomberg.com ©2026 Bloomberg L.P.

**Companies:** Alphabet Inc., Berkshire Hathaway Inc., Nvidia Corp.
**Countries:** United States

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/06/03/alphabet-upsizes-equity-offering-to-85-billion-for-ai-spending/)

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