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Meta debuts Muse Spark 1.1 with developer preview access, intensifying AI race with OpenAI and Anthropic

Meta debuts Muse Spark 1.1 with developer preview access, intensifying AI race with OpenAI and Anthropic

Meta's latest AI model features a 1 million token context window and targets developers building agentic workflows and coding tools

Meta Platforms Inc. (META) price

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Market cap
$1.6T (all share classes as of 2026-10-16) cover page
P/E (trailing)
21.3 (EPS to 2026-09-30)
Annual revenue
$201.0B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+22.2% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
60,458,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
41.4% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 29, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Meta Platforms Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Meta Platforms Inc. META · Price dated Oct 29, 2026 · tokenized METAx $625$1.6T21.3Unavailable$201.0BFY ended 2025-12-31 · 10-K+22.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K60,458,000,000FY ended 2025-12-31, attributable to the company · 10-K41.4%FY ended 2025-12-31
Alphabet Inc. GOOGL · Price dated Oct 29, 2026 · tokenized GOOGLx $284$3.5T14.8Unavailable$402.8BFY ended 2025-12-31 · 10-K+15.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K132,170,000,000FY ended 2025-12-31, attributable to the company · 10-K32.0%FY ended 2025-12-31
Alphabet Inc. (Class C) GOOG · Price dated Oct 29, 2026 $282$3.5T14.7Unavailable$402.8BFY ended 2025-12-31 · 10-K+15.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K132,170,000,000FY ended 2025-12-31, attributable to the company · 10-K32.0%FY ended 2025-12-31
AppLovin Corporation APP · Price dated Oct 29, 2026 · tokenized APPx $255$85.5B19.6Unavailable$5.5BFY ended 2025-12-31 · 10-K+70.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K3,333,751,000FY ended 2025-12-31, attributable to the company · 10-K75.8%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 30, 2026, 9:02 AM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Token vs underlying stock

Current comparison for META. Historical observations may postdate this article.

METAx token unit vs META share · USD

$626.37Oct 29 UTC

+6.2% over displayed period

● METAx token┄ META stock: $624.52

Aug 6, 2026: token $589.91 at 20:00 UTC; stock close $589.90 Aug 7, 2026: token $592.96 at 20:00 UTC; stock close $592.10 Aug 10, 2026: token $595.64 at 20:00 UTC; stock close $594.92 Aug 11, 2026: token $600.42 at 20:00 UTC; stock close $599.12 Aug 12, 2026: token $580.52 at 20:00 UTC; stock close $578.85 Aug 13, 2026: token $595.84 at 20:00 UTC; stock close $594.97 Aug 14, 2026: token $590.73 at 20:00 UTC; stock close $589.85 Aug 17, 2026: token $569.77 at 20:00 UTC; stock close $568.97 Aug 18, 2026: token $544.97 at 20:00 UTC; stock close $543.67 Aug 19, 2026: token $547.78 at 20:00 UTC; stock close $546.03 Aug 20, 2026: token $547.56 at 20:00 UTC; stock close $545.83 Aug 21, 2026: token $551.35 at 20:00 UTC; stock close $549.90 Aug 24, 2026: token $560.74 at 20:00 UTC; stock close $559.02 Aug 25, 2026: token $571.26 at 20:00 UTC; stock close $570.05 Aug 26, 2026: token $577.62 at 20:00 UTC; stock close $576.14 Aug 27, 2026: token $572.41 at 20:00 UTC; stock close $571.10 Aug 28, 2026: token $579.18 at 20:00 UTC; stock close $578.02 Aug 31, 2026: token $573.08 at 20:00 UTC; stock close $572.34 Sep 1, 2026: token $579.55 at 20:00 UTC; stock close $578.54 Sep 2, 2026: token $593.44 at 20:00 UTC; stock close $592.85 Sep 3, 2026: token $612.22 at 20:00 UTC; stock close $610.68 Sep 4, 2026: token $617.78 at 20:00 UTC; stock close $616.77 Sep 8, 2026: token $614.55 at 20:00 UTC; stock close $613.48 Sep 9, 2026: token $653.99 at 20:00 UTC; stock close $653.69 Sep 10, 2026: token $645.68 at 20:00 UTC; stock close $644.38 Sep 11, 2026: token $648.82 at 20:00 UTC; stock close $648.03 Sep 14, 2026: token $667.33 at 20:00 UTC; stock close $665.60 Sep 15, 2026: token $671.72 at 20:00 UTC; stock close $670.24 Sep 16, 2026: token $674.78 at 20:00 UTC; stock close $673.31 Sep 17, 2026: token $683.69 at 20:00 UTC; stock close $682.31 Sep 18, 2026: token $667.45 at 20:00 UTC; stock close $665.75 Sep 21, 2026: token $743.56 at 20:00 UTC; stock close $741.25 Sep 22, 2026: token $740.44 at 20:00 UTC; stock close $736.60 Sep 23, 2026: token $746.35 at 20:00 UTC; stock close $744.10 Sep 24, 2026: token $778.30 at 20:00 UTC; stock close $777.59 Sep 25, 2026: token $752.94 at 20:00 UTC; stock close $751.66 Sep 28, 2026: token $716.77 at 20:00 UTC; stock close $715.62 Sep 29, 2026: token $741.08 at 20:00 UTC; stock close $738.79 Sep 30, 2026: token $728.60 at 20:00 UTC; stock close $725.18 Oct 1, 2026: token $727.20 at 20:00 UTC; stock close $725.93 Oct 2, 2026: token $729.17 at 20:00 UTC; stock close $728.08 Oct 5, 2026: token $743.97 at 20:00 UTC; stock close $741.90 Oct 6, 2026: token $741.44 at 20:00 UTC; stock close $738.88 Oct 7, 2026: token $722.75 at 20:00 UTC; stock close $721.31 Oct 8, 2026: token $722.91 at 20:00 UTC; stock close $720.89 Oct 9, 2026: token $720.22 at 20:00 UTC; stock close $718.67 Oct 12, 2026: token $744.29 at 20:00 UTC; stock close $742.96 Oct 13, 2026: token $764.47 at 20:00 UTC; stock close $762.50 Oct 14, 2026: token $737.37 at 20:00 UTC; stock close $737.54 Oct 15, 2026: token $738.03 at 20:00 UTC; stock close $736.72 Oct 16, 2026: token $711.14 at 20:00 UTC; stock close $709.33 Oct 19, 2026: token $707.00 at 20:00 UTC; stock close $705.44 Oct 20, 2026: token $695.35 at 20:00 UTC; stock close $694.25 Oct 21, 2026: token $700.90 at 20:00 UTC; stock close $697.52 Oct 22, 2026: token $650.24 at 20:00 UTC; stock close $648.85 Oct 23, 2026: token $643.78 at 20:00 UTC; stock close $642.62 Oct 26, 2026: token $631.24 at 20:00 UTC; stock close $630.56 Oct 27, 2026: token $621.46 at 20:00 UTC; stock close $620.19 Oct 28, 2026: token $612.89 at 20:00 UTC; stock close $612.49 Oct 29, 2026: token $626.37 at 20:00 UTC; stock close $624.52
Aug 6$543.67 to $778.30Oct 29

Source: CoinGecko + Gloria · Retrieved Oct 30, 13:51 UTC

Methodology and data

Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.

Meta token vs Meta stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-06589.91589.902026-08-06 20:00
2026-08-07592.96592.102026-08-07 20:00
2026-08-10595.64594.922026-08-10 20:00
2026-08-11600.42599.122026-08-11 20:00
2026-08-12580.52578.852026-08-12 20:00
2026-08-13595.84594.972026-08-13 20:00
2026-08-14590.73589.852026-08-14 20:00
2026-08-17569.77568.972026-08-17 20:00
2026-08-18544.97543.672026-08-18 20:00
2026-08-19547.78546.032026-08-19 20:00
2026-08-20547.56545.832026-08-20 20:00
2026-08-21551.35549.902026-08-21 20:00
2026-08-24560.74559.022026-08-24 20:00
2026-08-25571.26570.052026-08-25 20:00
2026-08-26577.62576.142026-08-26 20:00
2026-08-27572.41571.102026-08-27 20:00
2026-08-28579.18578.022026-08-28 20:00
2026-08-31573.08572.342026-08-31 20:00
2026-09-01579.55578.542026-09-01 20:00
2026-09-02593.44592.852026-09-02 20:00
2026-09-03612.22610.682026-09-03 20:00
2026-09-04617.78616.772026-09-04 20:00
2026-09-08614.55613.482026-09-08 20:00
2026-09-09653.99653.692026-09-09 20:00
2026-09-10645.68644.382026-09-10 20:00
2026-09-11648.82648.032026-09-11 20:00
2026-09-14667.33665.602026-09-14 20:00
2026-09-15671.72670.242026-09-15 20:00
2026-09-16674.78673.312026-09-16 20:00
2026-09-17683.69682.312026-09-17 20:00
2026-09-18667.45665.752026-09-18 20:00
2026-09-21743.56741.252026-09-21 20:00
2026-09-22740.44736.602026-09-22 20:00
2026-09-23746.35744.102026-09-23 20:00
2026-09-24778.30777.592026-09-24 20:00
2026-09-25752.94751.662026-09-25 20:00
2026-09-28716.77715.622026-09-28 20:00
2026-09-29741.08738.792026-09-29 20:00
2026-09-30728.60725.182026-09-30 20:00
2026-10-01727.20725.932026-10-01 20:00
2026-10-02729.17728.082026-10-02 20:00
2026-10-05743.97741.902026-10-05 20:00
2026-10-06741.44738.882026-10-06 20:00
2026-10-07722.75721.312026-10-07 20:00
2026-10-08722.91720.892026-10-08 20:00
2026-10-09720.22718.672026-10-09 20:00
2026-10-12744.29742.962026-10-12 20:00
2026-10-13764.47762.502026-10-13 20:00
2026-10-14737.37737.542026-10-14 20:00
2026-10-15738.03736.722026-10-15 20:00
2026-10-16711.14709.332026-10-16 20:00
2026-10-19707.00705.442026-10-19 20:00
2026-10-20695.35694.252026-10-20 20:00
2026-10-21700.90697.522026-10-21 20:00
2026-10-22650.24648.852026-10-22 20:00
2026-10-23643.78642.622026-10-23 20:00
2026-10-26631.24630.562026-10-26 20:00
2026-10-27621.46620.192026-10-27 20:00
2026-10-28612.89612.492026-10-28 20:00
2026-10-29626.37624.522026-10-29 20:00

Stock history: Gloria · Retrieved Oct 30, 00:32 UTC. Token history: CoinGecko METAx.

Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.

Meta just dropped Muse Spark 1.1, its most powerful AI model to date, and opened up public preview access to the Meta Model API for developers in the United States. The move represents Meta’s clearest shot yet across the bow of Anthropic and OpenAI in the increasingly crowded race to dominate AI-powered developer tools.

The model launched on July 9, 2026, and brings a 1 million token context window to the table. In English: it can process and reason over vastly larger chunks of information in a single session, which matters a lot when you’re trying to build AI agents that can actually get things done without losing the plot halfway through a task.

What Muse Spark 1.1 actually does

The headline capabilities center on three areas: agentic workflows, coding, and computer interface control. Think of it as Meta building the plumbing for AI systems that don’t just answer questions but actually take actions, write code, and navigate software the way a human would.

Early API access is going to a curated group of partners. Replit, Cline, and Box are among the first companies getting their hands on the technology, each representing a different slice of the developer and enterprise ecosystem. Replit brings the coding-in-the-browser crowd, Cline targets AI-assisted development workflows, and Box covers enterprise document management.

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The model will also be available to consumers through a “Thinking” mode in Meta AI, the company’s consumer-facing assistant.

This is the first time developers have gotten public access to the Muse architecture at all. The original Muse Spark model debuted on April 8, 2026, but remained behind closed doors. Opening the API, even as a preview limited to US-based developers with a waitlist for broader access, signals that Meta believes the technology is ready for external stress-testing.

The $14.3 billion AI bet takes shape

Muse Spark 1.1 didn’t materialize out of thin air. It’s a product of Meta Superintelligence Labs, the division established in 2025 and led by Alexandr Wang. Wang’s recruitment was part of a $14.3 billion investment Meta committed to advancing its AI capabilities.

The emphasis on “low-cost, high-performance capabilities” for automation workflows is telling. Meta isn’t just trying to match its competitors on raw intelligence. It’s trying to undercut them on price while matching or exceeding them on the specific tasks that developers actually pay for: writing code, managing complex multi-step processes, and controlling software interfaces programmatically.

What this means for investors

Here’s the thing about Meta’s AI push: it’s happening entirely outside the crypto and blockchain ecosystem. There are no tokens attached to Muse Spark, no decentralized inference networks, no Web3 integration announced.

Meta’s current approach of limiting API access to US developers on a waitlist basis creates a temporary moat but also an opportunity. Decentralized AI platforms that offer permissionless, global access to comparable model capabilities could attract the developers who don’t want to wait for Meta’s approval or who operate outside the United States.

Worth watching closely: how quickly Meta expands API access beyond the initial partner group and whether the “low-cost” positioning translates into pricing that forces OpenAI and Anthropic to respond.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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