BlackRock (BLK) shares rose 5.7% after Meta Platforms and BlackRock announced a venture to develop a US$14.00 billion, 1‑gigawatt data center campus in El Paso, Texas. Funds managed by BlackRock hold an 80% stake, while Meta contributed land and construction‑in‑progress assets valued at about US$2.30 billion. The deal involves BlackRock's roughly US$4.90 billion cash contribution and a US$12.50 billion debt facility, highlighting partnerships between asset managers and tech companies for AI‑focused digital infrastructure. The venture reinforces BlackRock's alternatives and infrastructure story but does not materially change near‑term focus on fee compression and execution risk in private markets. Among recent announcements, the completion of US$18,532.02 million in cumulative share repurchases stands out alongside the Meta venture, reflecting capital allocation between shareholder returns and funding higher fee alternatives. BlackRock's narrative projects $35.7 billion revenue and $10.3 billion earnings by 2029, requiring 11.6% yearly revenue growth and about a $4.0 billion earnings increase from $6.3 billion today. Five members of the Simply Wall St Community currently see BlackRock's fair value between US$1,123 and US$1,319 per share.