Alphabet Raises $85 Billion in Largest Equity Offering Ever

Alphabet raised $85 billion in the largest equity offering in history. The offering, priced on 2 June, includes a $10 billion private stake by Berkshire Hathaway. Proceeds fund AI infrastructure as Alphabet plans $190 billion in 2026 capex. The company reported $109.9 billion in Q1 2026 revenue, up 22% year on year, with Google Cloud growing 63% to $20 billion.