Meta, Blackrock Plan To Invest In $14B Texas Data Center (July. 28, 2026)
Meta and Blackrock are collaborating to build a $14 billion data center complex in Texas. The project will be partly funded by $12.5 billion in debt financing. Bloomberg Intelligence analyst Robert Schiffman notes the high demand for debt funding in the data center market.
Meta and Blackrock are partnering to develop a substantial data center complex in Texas, with an estimated total development cost of approximately $14 billion. This cost encompasses buildings, power infrastructure, cooling systems, and connectivity.
A significant portion of Blackrock's investment in the project will be financed through $12.5 billion in debt. Robert Schiffman, a Bloomberg Intelligence senior credit analyst, highlighted the increasing demand for debt financing in the data center sector, noting that despite some market jitters, the fundamentals for such investments remain strong. He also pointed out that private deals, like this one, are seeing tighter spreads, indicating strong bondholder demand when structured correctly.