{"id":1974,"date":"2026-07-28T23:11:13","date_gmt":"2026-07-28T23:11:13","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1974"},"modified":"2026-07-28T23:11:13","modified_gmt":"2026-07-28T23:11:13","slug":"blackrock-will-own-80-of-metas-massive-new-ai-data-center-in-el-paso","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1974","title":{"rendered":"BlackRock Will Own 80% Of Meta’s Massive New AI Data Center In El Paso"},"content":{"rendered":"
\n

What to watch for<\/h2>\n

Meta will report its second quarter earnings after the bell on Wednesday. The company’s shares dropped about 10%, erasing about $175 billion from its market capitalization in a single day, after a first quarter earnings report included a higher 2026 capital expenditure forecast than previously estimated. Chief Financial Officer Susan Li attributed the increase to higher memory-chip pricing and additional data center costs tied to AI infrastructure.<\/p>\n

Read more \u2018LeBron Effect\u2019: 76ers Preseason Match Costs 142% More Than Last Regular Season<\/a><\/p>\n

Investment Firms Are Backing Big Tech’s AI Dreams <\/h2>\n

Meta has gone all in on using financial firms to back its data centers. The company in October announced a similar deal<\/u> with Blue Owl Capital to develop, own and finance the record-breaking Hyperion AI data center campus in Richland Parish, Louisiana. The deal created a special-purpose holding company called Beignet Investor to issue about $27 billion in project bonds to fund construction, and Blue Owl funds directly invested about $3 billion in exchange for an 80% ownership stake in the project. Other tech companies are also partnering with financial firms, but in different ways. OpenAI, SoftBank, Oracle and MGX last year formed a new company, Stargate<\/u> LLC, to develop AI data centers across the U.S., with an initial goal of investing $100 billion and eventually up to $500 billion. Unlike the Meta projects however, the tech companies and investors are co-owners of the platform. Google and Blackstone created a new joint venture<\/u> to build a new AI-focused cloud business; Microsoft, BlackRock and state-backed Abu Dhabi investment firm MGX created a new fund structure<\/u> that allows institutional investors to finance new AI infrastructure; and Broadcom recently partnered with Apollo and Blackstone to create an AI infrastructure platform<\/u> targeting more than 20 gigawatts of AI compute deployments. <\/p>\n

Read more Lucid Motors Shares Skyrocket 20% After Billionaire Saudi Prince Discloses $150 Million Stake<\/a><\/p>\n

BIG NUMBER<\/h2>\n

More than 700. That\u2019s how many data centers are actively under construction across 38 U.S. states, according to Texas-based energy marketplace consulting company Electric Choice<\/u>. Existing data centers are overwhelmingly concentrated in Virginia and Texas. <\/p>\n

Read more $50 Billion Florida Heating Company Reveals Subsidiary Served An Iranian Embassy<\/a><\/p>\n

<\/div>\n

further reading<\/h2>\n

Forbes<\/span>Clean Energy Tech Deals Are Booming\u2014Powered By Data Centers<\/span>By Alan Ohnsman<\/span><\/small><\/span><\/span>Forbes<\/span>New York Halts Large Data Centers Being Built For A Year<\/span>By Siladitya Ray<\/span><\/small><\/span><\/span>Forbes<\/span>AI Data Centers Are Set To Electrify This $13 Billion Family\u2019s 76-Year-Old Company<\/span>By Simone Melvin<\/span><\/small><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

Meta stock plummeted almost 10% earlier this year\u2014wiping $175 billion from its market cap\u2014after the company hiked its expected capital spending for AI infrastructure. <\/p>\n","protected":false},"author":1,"featured_media":1973,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nBlackRock Will Own 80% Of Meta's Massive New AI Data Center In El Paso - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=1974\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock Will Own 80% Of Meta's Massive New AI Data Center In El Paso - 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