Firmus Grid IPO Stalls Amid Investor Skepticism
The IPO of Australian data center operator Firmus Grid Ltd. is in limbo as investor demand wanes, despite backing from major players like Nvidia and Blackstone.

The IPO of Australian data center operator Firmus Grid Ltd. is in limbo as investor demand wanes, despite backing from major players like Nvidia and Blackstone.

Blackstone executive Jas Khaira will discuss the firm's AI investment strategy at TechCrunch Disrupt 2026, following the launch of the BXN1 unit and over $150 billion in infrastructure deployments.

Blackstone’s BXPE fund has reached $25–26 billion in assets, driving growth in the US perpetual equity market, though recent valuation shifts and liquidity risks highlight structural concerns.

Google and Blackstone have launched Crux AI, an infrastructure operator backed by $5 billion in funding to build data centers for TPU-based AI systems.

Blackstone has secured a first-lien term loan to acquire a controlling stake in liquid cooling component manufacturer Flow Control Holdings.

Anthropic secured a $22 billion debt package as part of a $35 billion deal to lease custom AI chips through a special-purpose vehicle.

Blackstone is reportedly planning to invest tens of billions of dollars to expand its partnership with Google for custom AI chip infrastructure.

Blackstone has consolidated its AI investment operations into a new San Francisco-based unit called BXN1, managing a portfolio that includes $150 billion in deployed capital.

Investors are demanding greater transparency from Apollo Global Management and Blackstone following $35 billion in AI-related financing deals.

Leica Camera AG acquisition talks with HSG have ended after majority shareholder Andreas Kaufmann refused to sell his stake in the €1 billion company.

AirTrunk, valued at AUD 24 billion, is expanding its hyperscale data center network in Australia to serve AI needs of US tech giants like Microsoft and Google.
