Story perspectives

Blackstone Launches $1.75B Data-Center REIT; Hudson Tunnel Funding Unfrozen

5/14/2026

Summary

Story summary

Blackstone Digital Infrastructure Trust raised $1.75 billion in its U.S. IPO, creating a data-center REIT.
The REIT will trade on the NYSE under the symbol BXDC.
The REIT plans to acquire data centers valued between $250 million and $1.5 billion.
The Gateway Development Commission will begin Hudson River tunneling later this year, targeting 2035 completion.
A federal judge ordered release of tunnel funding after it was frozen during the recent federal shutdown.

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Story summary

Blackstone Digital Infrastructure Trust raised $1.75 billion in its U.S. IPO, creating a data-center REIT.
The REIT will trade on the NYSE under the symbol BXDC.
The REIT plans to acquire data centers valued between $250 million and $1.5 billion.
The Gateway Development Commission will begin Hudson River tunneling later this year, targeting 2035 completion.
A federal judge ordered release of tunnel funding after it was frozen during the recent federal shutdown.