Google Stock Tops $600 A Share

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Shares of Google (GOOG) gained $15.57 yesterday to close at $609.62 a share, as the Internet titan surpassed another milestone with its first close above $600 per share. Om Malik notes that this brings Google’s market capitalization to more than $188 billion, which is enough to buy 3,133 Gulfstream G550 jets a $60 million a pop.

That $188 billion stock valuation is enough to buy a lot of companies, and gives Google the financial strength to continue building huge data centers. This year Google has announced data center projects in Lenoir, North Carolina; Goose Creek, South Carolina, Pryor, Oklahoma and Council Bluffs, Iowa. Google expects to spend $600 million in each location for $2.4 billion in data center investments. But that’s small change compared to Google’s total market capitalization. With $188 billion, Google could build 313 of its $600 million data center projects, with 626 facilities. Not that they would. But it’s clear that Google’s infrastructure ambitions won’t be cramped by its liquidity or stock price.

About the Author

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.