$Meta Platforms(META.US) announced on its website a strategic partnership with BlackRock to invest in a data center campus. The two will form a JV to own the El Paso data center.To be clear, this is not a brand-new build; it is one of Meta’s five in-house data centers planned years ago, located in El Paso, TX, with 1GW of capacity. It is slated to go live in 2028. So the news marks incremental progress within the existing campus plan.The campus is expected to cost $14bn in total (land, buildings, grid, cooling systems, etc.). BlackRock will shoulder ~80% of the funding, and Meta ~20%. The setup closely mirrors the Meta–Blue Owl structure announced last year; see Dolphin Research’s schematic.Overall, this structure reduces Meta’s visible on-balance-sheet burden while financing what is essentially a 1P, in-house data center. Yesterday, in our capex take on $Alphabet - C(GOOG.US), we also highlighted its off-balance-sheet approach to scaling compute capacity.This has become a common Big Tech playbook to meet infra needs without spooking the market. We should incorporate these off-balance-sheet obligations into risk assessments. That said, this works mainly for giants with strong core businesses which, beyond providing guarantees, are effectively monetizing their high-quality credit.5 hours agoOWL+0.97%GOOG+2.00%
Here are Friday’s top Wall Street analyst research calls: Albertsons, Blue Owl Capital, Cleveland-Cliffs, Chime Financial, Digital Realty, Dover, PayPal Holdings, SpaceX, and moreMSN·Jul 24 at 07:12 AMCAKE+1.00%DOV-0.91%
Capital Flows Highlight Spin-Offs and Niche Equities Amid Mid-Year Market RotationGlobal Report·Jul 21 at 04:13 AMKEEL-7.90%MBGL+2.45%
Blue Owl Capital Inc. (NYSE:OWL) Given Average Recommendation of "Moderate Buy" by BrokeragesMarket Beat·Jul 18 at 03:44 AMOWL+0.97%
10 Financials Stocks With Whale Alerts In Today’s Sessionbenzinga_article·Jul 15 at 12:35 PMHOOD-2.42%USB-H-3.00%
Accelerant Announces Partnership With New Third-Party Capitalized Insurer WoodStar | ARX Stock NewsStockTitan·Jul 13 at 07:13 AMARX-0.17%OWL+0.97%
Context Therapeutics Inc. (NASDAQ:CNTX) Sees Significant Growth in Short InterestMarket Beat·Jul 12 at 09:40 PMCNTX-6.52%OWL+0.97%
BDC dividends face a reckoning as Fed rate cuts squeeze earningsMSN·Jul 12 at 08:41 PMMAIN+1.93%OWL+0.97%
Is Blue Owl Capital (OWL) Cheap Following Its Kirkwood Infrastructure Launch?Simplywall·Jul 10 at 08:12 PMOWL+0.97%
Blue Owl Saw Investor Exodus After UBS Flaged Rising Private Credit Default Riskbenzinga_article·Jul 10 at 02:15 PMOBDC+0.87%GS-D-0.21%
Blackstone, Blue Owl And KKR Are Turning AI’s Compute Crunch Into A Private Equity Racebenzinga_article·Jul 9 at 12:32 PMOWL+0.97%KKR-D+0.76%
Is Blue Owl (OWL) Quietly Recasting Its Digital Infrastructure Strategy With Kirkwood’s Hyperscale Focus?Simplywall·Jul 8 at 11:09 PMOWL+0.97%
Funds Managed by Blue Owl Digital Infrastructure Strategy Launch Kirkwood Infrastructure Group | OWL Stock NewsStockTitan·Jul 8 at 01:02 AMOWL+0.97%
