---
title: "Blackstone Stock (BX) Fails to Fire Despite $1B Move to Form Defense Technology Venture"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300689369.md"
description: "Shares in asset manager Blackstone (BX) fired blanks in pre-market trading today as it said it was investing $1 billion to form a new defense technology company to protect the U.S. and its allies from a series of geopolitical risks. According to a Bloomberg article, Blackstone is looking to combine two companies it has bought Applied Systems Engineering and Technology Service Corporation to form the venture. The Blackstone share price is down 25% in the year-to-date."
datetime: "2026-10-01T13:03:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300689369.md)
  - [en](https://longbridge.com/en/news/300689369.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300689369.md)
generator: "portal-rs"
---

# Blackstone Stock (BX) Fails to Fire Despite $1B Move to Form Defense Technology Venture

Shares in asset manager Blackstone (BX) fired blanks in pre-market trading today as it said it was investing $1 billion to form a new defense technology company to protect the U.S. and its allies from a series of geopolitical risks. According to a *Bloomberg* article, Blackstone is looking to combine two companies it has bought Applied Systems Engineering and Technology Service Corporation to form the venture. The Blackstone share price is down 25% in the year-to-date.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**