# If Blackstone moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/blackstone · Facet: ripple · Updated: 2026-10-12T17:27:03.421574+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Blackstone is directly linked to 6 companies (0 supply, 0 revenue, 6 investment relationships) and reaches 17 companies within two hops; the links are backed by 18 dated sources, 9 of them primary filings (as of 2026-10-12).

Blackstone shares fell 7.8% in 2025 and another 23.5% through October 9, 2026, while operating metrics moved the other way. Q2 2026 AUM rose 11% year over year to $1.3463 trillion and LTM fee-related earnings reached $6.35 billion. In life sciences, Blackstone paid Alnylam $1 billion in 2020 for 50% of Leqvio royalties and 75% of commercial milestones. Leqvio sales rose 59% to $1.198 billion in 2025, while Alnylam recorded $174 million of royalty revenue. Alnylam shares also reversed from +69.0% in 2025 to -33.1% in 2026. Product sales and royalties grew, but the capital provider and technology owner traded first on rates and valuation. Novartis, which controls commercialization and manufacturing, is the next node to test.

## Supply chain (benefiting)
- T1 CoreWeave (https://valuechain.wiki/coreweave.md)
- T2 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 SK hynix (https://valuechain.wiki/sk-hynix.md)
- T3 Micron Technology (https://valuechain.wiki/micron.md)
- T3 Samsung Electronics (https://valuechain.wiki/samsung-electronics.md)
- T3 Siemens EDA (https://valuechain.wiki/siemens-eda.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Coherent (https://valuechain.wiki/coherent.md)
- T3 Monolithic Power (https://valuechain.wiki/monolithic-power.md)
- T3 Kioxia (https://valuechain.wiki/kioxia.md)
- T3 ASE Technology (https://valuechain.wiki/ase.md)
- T3 Nan Ya PCB (https://valuechain.wiki/nanya-pcb.md)
- T3 Synopsys (https://valuechain.wiki/synopsys.md)
- T3 Cadence Design Systems (https://valuechain.wiki/cadence.md)
- T3 Arm Holdings (https://valuechain.wiki/arm.md)
- T3 Unimicron (https://valuechain.wiki/unimicron.md)
- T3 Advantest (https://valuechain.wiki/advantest.md)
- T3 Teradyne (https://valuechain.wiki/teradyne.md)
- T3 LG Innotek (https://valuechain.wiki/lg-innotek.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T3 Lumentum (https://valuechain.wiki/lumentum.md)
- T3 Fabrinet (https://valuechain.wiki/fabrinet.md)
- T3 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T3 Keysight Technologies (https://valuechain.wiki/keysight.md)
- T3 Amphenol (https://valuechain.wiki/amphenol.md)
- T3 Corning (https://valuechain.wiki/corning.md)
- T3 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 Murata Manufacturing (https://valuechain.wiki/murata.md)
- T3 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T3 onsemi (https://valuechain.wiki/onsemi.md)
- T3 BlackRock (https://valuechain.wiki/blackrock.md)
- T3 Analog Devices (https://valuechain.wiki/analog-devices.md)
- T3 MediaTek (https://valuechain.wiki/mediatek.md)
- T3 BYD Electronics (https://valuechain.wiki/byd-electronics.md)
- T3 Wistron (https://valuechain.wiki/wistron.md)
- T3 Pegatron (https://valuechain.wiki/pegatron.md)
- T3 Samsung Electro-Mechanics (https://valuechain.wiki/samsung-electro-mechanics.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Ibiden (https://valuechain.wiki/ibiden.md)
- T3 Luxshare Precision (https://valuechain.wiki/luxshare.md)
- T3 King Yuan Electronics (KYEC) (https://valuechain.wiki/kyec.md)
- T3 InnoLight (https://valuechain.wiki/innolight.md)
- T3 Delta Electronics (https://valuechain.wiki/delta-electronics.md)
- T3 TE Connectivity (https://valuechain.wiki/te-connectivity.md)
- T3 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T2 Core Scientific (https://valuechain.wiki/core-scientific.md)
- T3 Quanta Services (https://valuechain.wiki/quanta-services.md)
- T2 Vertiv (https://valuechain.wiki/vertiv.md)
- T2 Super Micro (https://valuechain.wiki/super-micro.md)
- T1 Medtronic plc (https://valuechain.wiki/medtronic.md)
- T2 Abbott Laboratories (https://valuechain.wiki/abbott-laboratories.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 Illumina (https://valuechain.wiki/illumina.md)
- T1 Moderna (https://valuechain.wiki/moderna.md)
- T2 Thermo Fisher Scientific (https://valuechain.wiki/thermo-fisher-scientific.md)
- T3 Solventum (https://valuechain.wiki/solventum.md)
- T2 Danaher Corporation (https://valuechain.wiki/danaher.md)
- T1 EQT Corporation (https://valuechain.wiki/eqt.md)
- T2 Williams Companies (https://valuechain.wiki/williams.md)
- T2 Sempra (https://valuechain.wiki/sempra.md)
- T3 KKR & Co. (https://valuechain.wiki/kkr-co.md)
- T1 PPL Corporation (https://valuechain.wiki/ppl.md)
- T2 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 D-Wave Quantum (https://valuechain.wiki/d-wave.md)
- T3 Workday, Inc. (https://valuechain.wiki/workday.md)
- T1 Alnylam Pharmaceuticals (https://valuechain.wiki/alnylam-pharmaceuticals.md)
- T2 Agilent Technologies, Inc. (https://valuechain.wiki/agilent-technologies.md)

---
Full node: https://valuechain.wiki/blackstone.md · JSON: https://valuechain.wiki/blackstone.json