Rittenhouse Research(@RHouseResearch):Blackstone and Google getting their neocloud JV started with a $22B GPU loan is pretty amusing.. Have to respect $BX sticking to their PE roots and using as much debt and as little equity as possible to scale the business. But also ironic that no one bats an eye when $BX and $GOOG raise debt to build the infrastructure required to support long-term contracts. Maybe non-stop equity and convertibles issuance isn't the most optimal way to finance a neocloud?

Rittenhouse Research

@RHouseResearch

AI infrastructure, data centers, neoclouds, software, fintech.

参加 May 2025

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Rittenhouse Research@RHouseResearch

2026.09.16 21:49

Blackstone and Google getting their neocloud JV started with a $22B GPU loan is pretty amusing.. Have to respect $BX sticking to their PE roots and using as much debt and as little equity as possible to scale the business. But also ironic that no one bats an eye when $BX and $GOOG raise debt to build the infrastructure required to support long-term contracts. Maybe non-stop equity and convertibles issuance isn't the most optimal way to finance a neocloud?