Blackstone Data Center REIT Drops 16% Since $20 IPO as Backlash Clouds AI Infrastructure
Updated
Updated · CNBC · Oct 9
Blackstone Data Center REIT Drops 16% Since $20 IPO as Backlash Clouds AI Infrastructure
1 articles · Updated · CNBC · Oct 9
Summary
Blackstone's Digital Infrastructure Trust closed below $17 on Thursday, about 16% under its $20 mid-May IPO price, leaving the new public vehicle lagging the AI-infrastructure boom it was built to capture.
The slide comes as investors weigh rising political and execution risks around data centers, including moratoriums in New York and Texas and Oracle's force majeure notice on a New Mexico campus tied to regulatory hurdles and local opposition.
Market conditions have added pressure: REITs have sold off since August as bond stress intensified, and AI-linked stocks fell again Thursday after a report said OpenAI's revenue outlook was nearly $20 billion below an earlier projection.
Blackstone says BXDC is targeting a $300 billion market that could top $1 trillion in coming years, but the fund has not yet deployed capital and remains about 94% institutionally owned, underscoring still-limited retail adoption.
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