No its capped to 1000 to discourage unwanted bulk message sending. MSFT recommends that you use a 3rd party service to do anything more. Or y;ou can do it in batches.
You mentioned only a meeting invite, not sure if it'll be a Teams meeting but there are considerations and limits to consider there too:
Sending limits
Recipient rate limit<sup>1</sup> | 10,000 recipients per day | 10,000 recipients per day | 10,000 recipients per day | 10,000 recipients per day | 10,000 recipients per day | 10,000 recipients per day |
Recipient limit<sup>2</sup> | Customizable up to 1000 recipients | Customizable up to 1000 recipients | Customizable up to 1000 recipients | Customizable up to 1000 recipients | Customizable up to 1000 recipients | Customizable up to 1000 recipients |
Recipient proxy address limit<sup>3</sup> | 300 | 300 | 300 | 300 | 300 | 300 |
Message rate limit<sup>4</sup> | 30 messages per minute | 30 messages per minute | 30 messages per minute | 30 messages per minute | 30 messages per minute | 30 messages per minute |
Recipient limit for Encrypted Messages<sup>5</sup> | About 200 recipients | About 200 recipients | About 200 recipients | About 200 recipients | About 200 recipients | About 200 recipients |