$GOOGL - BLACKSTONE AI CLOUD VENTURE HITS SITE DELAYS Alphabet and Blackstone’s $5B “Project Braid” venture is running into delays at several planned data-center sites as it prepares to rent Google TPUs to customers starting in 2027. Google scrapped an earlier plan for Crusoe to develop its Cheyenne, Wyoming site and took over the project itself, while another location lacked the required transformers. Texas’ freeze on new data-center projects has also disrupted plans. Despite the setbacks, Project Braid says it remains on track to deliver 500MW of capacity next year and has identified 29 potential sites, with demand reportedly running ahead of expectations. The venture is strategically important for Google because it gives the company another way to expand TPU availability beyond Google Cloud while shifting part of the infrastructure cost and execution risk off its own balance sheet. Executives involved in the project now reportedly assume data-center builds have only about a 50% chance of hitting delivery dates, down from roughly 90% three years ago. Source: Bloomberg

SpaceX-linked $SPCX : 6 GW supercompute campus filed in Cochise County, Arizona. The applicant is Tombstone Resources LLC — a Wyoming entity formed in July, headquartered in Atlanta. SpaceX hosted the Nov 4 town hall; the county confirmed it was privately organized by SpaceX. No official SpaceX statement yet. The numbers, straight from the filing: • ⁠747 acres along US 191, adjoining AEPCO’s Apache Generating Station • ⁠Up to 9 computing buildings, ~493,000 sq ft each, across 4 phases • ⁠Full build-out: 6 GW. Phase 1: 1.5 GW in 3 stages • ⁠All grid power via SSVEC and AEPCO. No on-site generation. 90 MW of natural-gas standby for outages and testing only • ⁠24 GWh battery storage • ⁠Dry-cooled. No cooling towers, no evaporative spray. 7–10 acre-feet/year at full build-out — mostly staff domestic use, roughly 20–30 Arizona homes. No new Willcox basin well, no industrial groundwater • ⁠$3.6B in applicant-funded transmission and substation upgrades • ⁠Claimed 10–40% bill reduction for all SSVEC members for the project’s life, plus $13–53M/year to the SSVEC Foundation • ⁠~1,000 permanent jobs, ~5,500 at peak construction • ⁠$34–103M/year in property tax Context that matters: SpaceX’s Q3 call (Oct 20) raised the 2027 compute target to 13 GW or more, from 1.7 GW operating at Sept 30. SemiAnalysis counts 3.6 GW under construction and 9+ GW identified. This Arizona site sits inside that pipeline — and inside Musk’s separate 15–20 GW power-and-cooling target for YE27. It is not Brownsville. Different state, different permit chain, grid-served instead of behind-the-meter turbines. The Texas freeze does not reach it. But three things are unfinished: no signed Energy Services Agreement, no ACC approval, and the source of generating capacity is not yet identified in the co-ops’ responses. An opposition petition has passed 1,900 signatures. The Planning and Zoning Commission hears it Dec 9 at 4 PM in Bisbee.