Blackstone stock enters October with defense platform launch

Published on 10/03/2026 at 22:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Blackstone stock was last at USD 111.74 on October 2, 2026, while Wells Fargo set a USD 122 target. Q2 revenue reached USD 5.04 billion, up 35.9 percent year over year.

Geometrisches Bauhaus-Poster in Schwarz-Rot-Gelb mit großem Text PRIVATE EQUITY — Geometrisches Bauhaus-Poster zu PRIVATE EQUITY beschreibt den Kernsektor von Blackstone Inc. (US09259E1082), Illustration mit AI erstellt.

Blackstone stock (ISIN US09259E1082) was last at USD 111.74 on the NYSE on October 2, 2026 at 3:59 p.m. ET, down 0.45 percent from the prior close. The investment manager's new Falcata platform adds a defense technology angle as the company prepares to report third-quarter results on October 22, 2026.

Falcata targets interceptor technology

As Aerotime reported on October 2, 2026, Blackstone launched Falcata on October 1 by combining Technology Service Corp. and Applied Systems Engineering. The platform covers radar, seekers, guidance electronics, navigation and control systems for drone and missile defense.

The transaction is strategically larger than a single acquisition because Blackstone plans to add companies to the platform, while the combined businesses are expected to expand manufacturing, engineering and recruitment. The report also states that Blackstone did not disclose the financial terms of the investment, leaving execution and capital deployment as the key operating questions.

Q2 revenue rose 35.9 percent

Blackstone's second-quarter 2026 revenue was USD 5.04 billion, up 35.9 percent from the prior-year quarter, while EPS reached USD 1.52 versus USD 1.34 consensus, according to MarketBeat. The same report says revenue exceeded the USD 3.42 billion estimate, giving the latest reported quarter a clear comparison point.

A separate September 22 filing update put realization-related revenue for July 1 through September 22, 2026, above USD 350 million, with 90 percent from realized performance revenues, according to StockTitan. The filing explicitly separates that preliminary estimate from total third-quarter revenue, so the October earnings release remains the broader test of operating performance.

Analyst target stays above the share price

MarketBeat reported on October 2, 2026, that Wells Fargo initiated coverage with an equal weight rating and a USD 122 price target. The target lies 9.2 percent above USD 111.74, while the stock's 52-week range is USD 101.73 to USD 170.00.

Blackstone's market capitalization was USD 135.0 billion on October 2, 2026, and trading volume was 5,689,219 shares. The valuation picture therefore combines a recent defense platform launch with a share price 34.3 percent below the 52-week high and a scheduled Q3 reporting date.