{"slug": "data-centre-developer-switch-in-talks-to-raise-at-50bn-plus-valuation", "title": "Data-centre developer Switch in talks to raise at $50bn-plus valuation", "summary": "Data-centre developer Switch is in talks to raise billions of dollars at a valuation of at least $50bn, capitalizing on surging demand for AI infrastructure. Brookfield Asset Management, KKR, and other institutional investors are negotiating to join the funding round, with Goldman Sachs and JPMorgan advising. The raise could position Switch for an initial public offering as soon as next year, reflecting how the AI build-out has dramatically increased valuations for data-centre operators.", "body_md": "Switch is trying to raise money at a valuation that would have looked implausible for a data-centre developer a few years ago. The Las Vegas company is in talks to raise billions of dollars at a valuation of at least $50bn, according to The Information, as it moves to capitalise on the demand for the physical infrastructure that AI workloads run on.\n\nThe investors named are the large pools of capital now chasing data centres. Brookfield Asset Management, KKR, and other private-equity and institutional investors have been in talks to join the round, the report said, with Goldman Sachs and JPMorgan bankers advising Switch on the raise.\n\nThe roster is a signal in itself: the round is being shaped by the kind of infrastructure money that moves in size, the same appetite that recently took [VAST Data to a $30bn valuation](https://thenextweb.com/news/vast-data-1b-raise-30b-valuation-nvidia-ai-storage) on a single raise.\n\nThe raise could lead somewhere bigger. The funding round might set Switch up for an initial public offering, potentially as soon as next year, turning a private fundraising into a step towards the public markets. That would put Switch on a path several data-centre and AI-infrastructure names have been eyeing as investor appetite for the category has intensified.\n\nThe $50bn figure has history attached. SoftBank had earlier explored buying Switch at around the same valuation before those talks ended, a collapse that left the company seeking capital on its own terms rather than as an acquisition target.\n\nRaising at $50bn-plus from a syndicate of investors is a different route to a similar number, and one that keeps Switch independent.\n\nThe backdrop is an industry-wide scramble. Dealmaking across the data-centre and server space has picked up sharply as AI has turned compute capacity into the scarce resource of the cycle, and valuations for the companies that build and operate that capacity have climbed with it.\n\nThe physical demands are enormous: US utilities alone plan to [spend $1.4 trillion by 2030 to power the boom](https://thenextweb.com/news/us-utilities-1-4-trillion-capex-ai-data-centres-2030), while developers race to lock up sites like the [1.35GW Microsoft campus Nscale is building in West Virginia](https://thenextweb.com/news/nscale-west-virginia-monarch-microsoft-vera-rubin).\n\nA developer commanding a $50bn-plus valuation is a measure of how thoroughly the AI build-out has repriced the unglamorous business of pouring concrete and running power to racks of chips.\n\nSwitch’s own footprint explains some of the appetite. The Las Vegas company operates large campus-scale facilities and has continued to expand, including a 382-acre data-centre campus planned near Pittsburgh, the kind of land-and-power assembly that is hard to replicate quickly and increasingly valuable as AI tenants compete for capacity. Investors backing the round are buying into infrastructure that is difficult to build and currently in short supply.\n\nFor now the round is in talks, not closed, and the IPO is a possibility rather than a plan. The figures come from reporting rather than from Switch, which had not confirmed the terms.\n\nWhat the discussions establish is the direction: a data-centre developer being courted by some of the largest investors in the market, at a valuation that treats warehouses full of servers as one of the more valuable assets in technology.\n\n## Get the TNW newsletter\n\nGet the most important tech news in your inbox each week.", "url": "https://wpnews.pro/news/data-centre-developer-switch-in-talks-to-raise-at-50bn-plus-valuation", "canonical_source": "https://thenextweb.com/news/switch-50bn-valuation-fundraise", "published_at": "2026-06-05 10:47:24+00:00", "updated_at": "2026-06-05 11:07:00.802641+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-startups"], "entities": ["Switch", "Brookfield Asset Management", "KKR", "Goldman Sachs", "JPMorgan", "SoftBank", "The Information", "VAST Data"], "alternates": {"html": "https://wpnews.pro/news/data-centre-developer-switch-in-talks-to-raise-at-50bn-plus-valuation", "markdown": "https://wpnews.pro/news/data-centre-developer-switch-in-talks-to-raise-at-50bn-plus-valuation.md", "text": "https://wpnews.pro/news/data-centre-developer-switch-in-talks-to-raise-at-50bn-plus-valuation.txt", "jsonld": "https://wpnews.pro/news/data-centre-developer-switch-in-talks-to-raise-at-50bn-plus-valuation.jsonld"}}