Off a highway in Phoenix, cranes tower over a stretch of land larger than 60 football fields. The first of five hulking bunkers are under construction.
Thirty miles away, engineers are plotting another complex on 400 acres, some three times the footprint of the Mall of America, all but erasing the land’s farming roots. If all goes as planned, both sites will be home to thousands of computers churning mountains of data, powered by the energy needed for hundreds of thousands of homes.
FAQs
Blackstone Plans to Build Data Centers Worth $25 Billion Across the Globe. Blackstone, the private equity giant, is making a colossal bet on the future, constructing a USD 25 billion empire of data centers across the globe.
Why is a warehouse giant planning a $25 billion push into data centers? ›
Warehouse growth slows as data centers accelerate
The facilities provide the computers and equipment that host websites, power software, and provide for functions that are increasingly critical in everyday life, such as streaming video, autonomous driving, and mobile applications.
Is Blackstone building data centers? ›
Investment management company Blackstone has more than $70 billion in prospective data center pipeline development. In its latest earnings call, the world's largest alternative asset manager said that it also had a current data center portfolio of $55bn, including facilities under construction.
Where is the Blackstone data center in Phoenix? ›
The privately owned REIT, acquired by Blackstone in 2021 for $10 billion, has another data center under construction on 85 acres near 40th Street and the Loop 202 in Phoenix.
Who is bigger Blackstone or BlackRock? ›
In summary, BlackRock is larger in terms of assets under management compared to Blackstone.
Who owns majority of Blackstone? ›
Blackstone Group (BX) Ownership Overview
Approximately 46.42% of the company's stock is owned by Institutional Investors, 12.85% is owned by Insiders and 40.73% is owned by Public Companies and Individual Investors.
Which company owns the most data centers? ›
Digital Realty owns arguably the largest data center footprint in the world with more than 300 facilities across 25 countries on six continents, along with more than 45 million square feet of data center space.
Does Blackstone use AWS? ›
Security Upgrade for Blackstone's Global Business
Global investment business Blackstone is all-in on AWS.
Does Tesla own data centers? ›
In June, Tesla moved into an NTT Global Data Centers facility in Sacramento that was vacated by Musk-owned Twitter/X, and is considering taking over more Twitter space at a nearby Prime Data Centers facility.
Who is behind Blackstone? ›
Stephen A. Schwarzman is Chairman, CEO and Co-Founder of Blackstone, one of the world's leading investment firms with over $1 trillion in Assets Under Management (as of June 30, 2024). Mr. Schwarzman has been involved in all phases of Blackstone's development since its founding in 1985.
BLACKSTONE EXPANDS TO MIAMI
But Blackstone, in a move overseen by the firm's Chief Technology Officer (CTO) John Stecher, and Chief Operating Officer of Global Finance Chris Striano, had already decided that Miami was the right fit before the COVID-19 virus triggered a stampede to the Magic City.
How many employees does Blackstone have? ›
Key Parameters
Key Parameters | Blackstone Inc | TPG Capital LP |
---|
City | New York | Fort Worth |
State/Province | New York | Texas |
No. of Employees | 4,735 | 1,013 |
Entity Type | Public | Private |
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Is Blackstone the richest company in the world? ›
As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the largest alternative investment firm globally.
How much money does Blackstone have in real estate? ›
Blackstone's undrawn capital available for investment rose to $197.3 billion as of the fourth quarter, up from $186.6 billion the year prior. The company has $80 billion earmarked for private equity and $65.2 billion for real estate investments.
Is Blackstone losing money? ›
Firmwide, Blackstone's revenues declined 6 percent year-on-year to $8.0 billion, while attributable net income fell 20 percent to $1.4 billion. Total assets under management grew 7 percent to $1.0 trillion over the same time period.
Is Blackstone the biggest private equity? ›
Blackstone Inc.
After a rare stop at No. 2 in 2022, Blackstone has managed to secure its usual spot atop the list in both 2023 and now 2024. However, Blackstone's total haul slipped to $124 billion for this latest ranking, falling slightly from last year's $125.6 billion.