Blackstone buys AirTrunk (2024)
Blackstone and its partners paid about $16.6 billion for AirTrunk, an Asia-Pacific data-center operator. It was the largest data-center deal on record at the time and marked Wall Street treating these sites as core infrastructure.
The deal set the benchmark price for a large data-center platform.
It pulled more institutional capital into data centers as a distinct asset class.
Aligned's roughly $40 billion price more than doubles that record in under two years, showing how fast valuations are climbing.
