What Blackstone makes for data centers
public
Blackstone is a publicly listed company. It appears on 5 parts of the AI data center across 3 layers, including Capital & financing, GPU-backed lending, Data center developers, operators & REITs and Compressors. Those parts sit in Layer 6 — Facility cooling & HVAC, Layer 9 — Building shell, site & construction and Layer 11 — Software, tools & services touching the hardware (optional). Its shares trade on US exchanges (NYSE/Nasdaq) as BX.
Listing
US exchanges (NYSE/Nasdaq): BX· 118 USD -0.24% · mkt cap 88.6B USD
Snapshot 2026-10-25T10:41:17Z — nightly, not real-time.· Chart on TradingView ↗
Exposure
2 parts across 3 layers
No disclosed data-center revenue share on file.
Units and subsidiaries: AirTrunk, Copeland, QTS
Parts, by layer
Layer 6 — Facility cooling & HVAC
| Part | Role | Confidence | Competitors | Note |
|---|---|---|---|---|
| Compressors (via Copeland) | manufacturer | disclosed | Daikin, Mitsubishi Heavy Industries, Bitzer, Copeland, Danfoss |
Layer 9 — Building shell, site & construction
| Part | Role | Confidence | Competitors | Note |
|---|---|---|---|---|
| Data center developers, operators & REITs (via AirTrunk) | developer | inferred | Accton (Edgecore), AdaniConneX, Applied Digital, Cipher, CleanSpark, Core Scientific | region: international |
| Data center developers, operators & REITs (via QTS) | developer | inferred | Accton (Edgecore), AdaniConneX, Applied Digital, Cipher, CleanSpark, Core Scientific | region: US |
Layer 11 — Software, tools & services touching the hardware (optional)
| Part | Role | Confidence | Competitors | Note |
|---|---|---|---|---|
| Capital & financing | service | inferred | Apollo, Ares, Bank of America, BlackRock, Blue Owl, Brookfield | |
| GPU-backed lending | service | inferred | Brookfield, Coatue, Magnetar |
Where Blackstone sits in the stack
Blackstone's placements in this catalog cover 4 parts, from layer 6 (facility cooling & hvac) to layer 11 (software, tools & services touching the hardware (optional)). None of them currently carries a sourced supply constraint tag. Across these parts it overlaps with other companies most often on the lines below.
What these parts are
- Capital & financing — The private equity firms, credit funds, banks, and specialist lenders that finance data center construction and equipment purchases, provided here as context rather than as a hardware part.
- GPU-backed lending — Lending structured against pools of GPUs as collateral, used to finance compute purchases without relying solely on developer or operator balance sheets.
- Compressors — The core rotating component inside a chiller — centrifugal, screw, scroll, or magnetic-bearing (turbocor-type) — that drives the vapor-compression refrigeration cycle.
- Data center developers, operators & REITs — The companies that own, develop, and operate the physical data center buildings AI workloads run in, from public REITs and colocation operators to private developers and bitcoin miners that have pivoted to AI hosting.
Closest peers in this catalog
Latest feed
- Blackstone closes latest energy transition fund at $8.7bn, backs several data center focused energy firms — Data Center Dynamics, 2026-10-20Blackstone closed an energy transition fund totaling $8.7 billion, investing in several firms focused on the energy sector supporting data centers.
- Anthropic offers Blackstone more than 10% return in US$60 billion AI chip financing deal — DigiTimes, 2026-10-19Anthropic secured a US$60 billion financing deal from Blackstone, implying a significant investment into AI chip development.
- Google-Blackstone's TPU neocloud named Crux AI, hires Meta's data center engineering head Alan Duong — Data Center Dynamics, 2026-09-10The newly named Crux AI neocloud, a partnership between Google and Blackstone, plans to hire extensively before ramping up to 2GW per year.
- Google and Blackstone JV experiences delays in data center projects - report — Data Center Dynamics, 2026-09-09A joint venture between Google and Blackstone is facing delays in its data center development projects.
- Charter CFO Jessica Fischer to join Google-Blackstone's TPU neocloud — Data Center Dynamics, 2026-09-01Google and Blackstone are partnering to develop a new cloud platform centered around Google's custom TPU accelerators.
Questions about Blackstone
- What does Blackstone make for AI data centers?
- This catalog places Blackstone on 5 parts: Capital & financing (service), GPU-backed lending (service), Data center developers, operators & REITs (developer), Compressors (manufacturer) and Data center developers, operators & REITs (developer).
- Is Blackstone publicly traded?
- Yes — Blackstone is listed on US exchanges (NYSE/Nasdaq) under BX. Prices shown on this page are a nightly snapshot, not real-time, and nothing here is investment advice.
- Who else makes capital & financing for AI data centers?
- Apollo, Ares, Bank of America, BlackRock, Blue Owl and Brookfield are also placed on Capital & financing in this catalog.
- How well sourced are these placements?
- Every part→company placement carries a confidence tag. For Blackstone the mix is 1 disclosed and 4 inferred. "disclosed" means the company or a filing says so; "reported" comes from trade press or a reference-design list; "inferred" is a lead from the taxonomy with no citation yet. Treat reported and inferred as leads, not facts.
Answers are generated from this catalog's own rows — see sources & method.