ReElement Technologies stock soars after securing $1.4B government deal
Magnetar Financial LLC, along with affiliated entities, sold a total of $44.9 million worth of CoreWeave, Inc. (OTC:CRWV) Class A Common Stock on October 31, 2025. The sales occurred at prices ranging from $134.01 to $137.86 per share, near CoreWeave ’s current trading price of $133.71. Despite the stock’s impressive 215% gain over the past six months, InvestingPro analysis suggests the company is currently trading above its Fair Value, with an EV/EBITDA ratio of 44.8.
The transactions involved the sale of 334,504 shares of CoreWeave’s Class A Common Stock. With a market capitalization of nearly $68 billion, CoreWeave is scheduled to report earnings on November 10. Analysts remain cautiously optimistic with a consensus recommendation of 2.27, though InvestingPro indicates the company is not expected to be profitable this year. Investors seeking deeper insights can access comprehensive Pro Research Reports available for CoreWeave and 1,400+ other top stocks.
In other recent news, CoreWeave, Inc. announced that its planned acquisition of Core Scientific has been terminated due to a lack of necessary stockholder approval. Preliminary results from Core Scientific’s Special Meeting of Stockholders indicated that the proposal to adopt the Agreement and Plan of Merger did not receive sufficient votes. Additionally, CoreWeave has reached a definitive agreement to acquire Marimo Inc., an AI development platform, which will be integrated into CoreWeave’s cloud platform to enhance AI application building and deployment. The financial terms of this deal were not disclosed.
In another development, CoreWeave has announced plans to expand into the U.S. federal market. The company aims to pursue FedRAMP and other authorizations to provide high-performance AI cloud services to U.S. government agencies and the Defense Industrial Base. This federal division, named CoreWeave Federal, will focus on delivering secure and compliant cloud infrastructure as government agencies accelerate their adoption of AI capabilities. These recent developments highlight CoreWeave’s ongoing strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.