Blackstone → Google: $5B investment

Blackstone and Google: TPU compute JV. Blackstone puts in about $5 billion of equity in a joint venture with Google that will deliver 500 MW of data centers by 2027 and sell compute on Google TPUs; up to $25 billion including debt.

This deal is 19% of everything Blackstone pays and 2% of everything Google receives in this database.

Date

May 19, 2026

Paid by

Blackstone

Received by

Google

Type

Investment

Amount

$5B

Status

announced

Note

$5 billion equity; up to $25 billion with leverage

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