Khuda sets $100b valuation target for AirTrunk’s next trick

Paul Smith and Tess Bennett

Sep 5, 2024 – 2.09pm

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AirTrunk founder Robin Khuda has predicted his data centre business could become a $100 billion company under new owners Blackstone and Canadian pension giant CPP Investments after the business formally changed hands for $24 billion.

The billionaire praised his own foresight in investing to build huge facilities catering for the data-intensive needs of tech giants, and “amazing” support from vendor Macquarie, for enabling AirTrunk to steal a march on its rivals in less than a decade.

Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy.

Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.