Funding, M&A, exec moves and hiring — matched to your market, with the people to call.See plans →
Meta partners with BlackRock for a $4.9bn investment in its El Paso data centre as part of a $14bn project. This relationship aims to enhance Meta's AI technologies.
Jul 29, 2026•11 days ago
Menlo ParkInformation TechnologySoftwareinformation technology & servicesDescription
Meta has selected BlackRock to invest $4.9bn in the development of its $14bn El Paso data centre. This partnership will enhance Meta's capabilities in AI technologies, allowing the company to scale operations effectively. BlackRock will manage an 80% stake in the project, with Meta retaining the remaining 20%. The campus is projected to become operational in 2028, featuring 1GW of compute capacity.
Related People
Suggested for you
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months