State · Business

Meta and BlackRock form El Paso AI data center venture

The companies announced an 80/20 ownership venture for a 1-gigawatt El Paso campus already under construction. About $14 billion is framed as total development cost, not a single cash equity check, with capacity targeted for 2028.

On July 28, 2026, Meta Platforms and BlackRock announced a venture to develop and own a data center campus in El Paso, Texas. Company materials describe a 1-gigawatt compute campus already under construction, roughly $14 billion in total development costs, an 80/20 BlackRock-managed-funds / Meta ownership split, and an expected online window in 2028.