markets

J. Edward Moreno6/26/25

CoreWeave in talks to acquire Core Scientific: Report

Core Scientific is surging, up 27% in afternoon trading after The Wall Street Journal reported that CoreWeave is in talks to acquire it.

A deal for Core Scientific, which provides infrastructure for AI and cryptocurrency mining, could be finalized "in the coming weeks," the Journal reported. It also said details about a potential deal remain unclear.

CoreWeave tried to buy Core Scientific last year for $5.75 a share, but Core Scientific rejected the offer as too low. The stock has soared since then and was trading in the $12 range until the most recent report vaulted the stock above $15.

CoreWeave, meanwhile, pulled off one of the first major IPOs of the current AI boom, going public in March of this year. The stock has surged nearly 300% since its IPO. In case you’re wondering what CoreWeave actually does, we’ve got you covered.

The Journal reports that the two companies have worked together for years and announced a series of contracts where Core Scientific would get billions of dollars worth of business from CoreWeave.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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