Expansion of Data Center Investment Amid Political Backlash and Rising Risks
BX Blackstone Inc
$112.68 +0.76%
View chart & analysis → - 1Blackstone sold 87,500,000 shares of Blackstone at a price of $20 per share during its mid-May debut.
- 2Since mid-May, the Blackstone Digital Infrastructure Trust has seen a decline in fund value of approximately 16%, with Thursday's close finishing below $17.
- 370% of Americans oppose the construction of local data centers, and New York passed a moratorium on new hyperscale data center approvals in July, followed by Texas in August.
So what's the key point?
The price of the shares sold by Blackstone has fallen from $20 to below $17. Investment value has decreased as opposition to data center construction grows.
Source CNBC · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.