We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CoreWeave Last Year, Now SpaceX: Decade Defining IPOs?
Key Takeaways
The SpaceX IPO remains one of the hottest topics.
CoreWeave's debut last year was also polarizing, especially for those seeking AI exposure.
IPO activity post-pandemic saw a big downturn for several years, primarily driven by economic uncertainty, shifting monetary policy, and inflation, all of which impacted investor sentiment.
But the tide has shifted in a positive direction over the past few years, with several notable IPOs hitting the market, including CoreWeave (CRWV - Free Report) .
The re-awakening of the IPO market is certainly notable, signaling renewed investor confidence and a meaningful shift in broader risk appetites.
But the biggest story surrounding the IPO landscape is, of course, none other than SpaceX.
SpaceX Excitement
SpaceX has officially filed its public S-1 prospectus with the SEC, setting the stage for the largest IPO in stock market history. Trading under the ticker SPCX, the company is targeting a historic valuation between $1.75 trillion and $2 trillion and aims to raise up to $75 billion in capital.
The public debut could happen as early as June 12th, so definitely expect it to remain one of the hottest market stories in the near-term. The company's Starlink satellite internet segment is its primary profit engine, with over 10 million subscribers.
Notably, SpaceX is aggressively transforming into an AI and infrastructure giant. After absorbing Elon Musk’s AI startup xAI in a stock-based deal earlier this year, SpaceX spent a staggering $12.7 billion on AI infrastructure in 2025 alone. It is also partnering with Tesla on a chip-making project called ‘Terafab’ to build its own AI hardware.
CoreWeave Inks Huge Deals
CRWV is a high-performance cloud provider that gives companies easy access to thousands of world-class chips, enabling them to train complex models faster and cheaper without having to buy and manage the expensive hardware themselves.
Several weeks back, CoreWeave announced a multi-year agreement with Anthropic to support the development and deployment of its Claude family of AI models. The agreement has bullish implications for its overall top line growth for years to come, a primary driver behind the share surge over recent days. The company’s sales backlog totaled $66.8 billion at the end of its FY25, reflecting a record.
CoreWeave’s sales growth has remained impressive, as shown below.
Image Source: Zacks Investment Research
CRWV also announced an expanded, long-term agreement with Meta Platforms (META - Free Report) to provide AI cloud capacity through 2032 for approximately $21 billion. With this deal, the two companies are continuing their existing relationship, increasing support for Meta’s development and deployment of AI.
It specifically focuses on scaling Meta’s inference workloads, powering AI across Facebook, Instagram, and WhatsApp, also making Meta one of the first companies to deploy NVIDIA’s (NVDA - Free Report) next-gen Vera Rubin platform through CoreWeave’s infrastructure.
Keep in mind that CoreWeave and fellow AI favorite NVIDIA are deeply intertwined through a strategic partnership and a significant ownership stake. The favorable relationship allows CRWV to get its hands on the magical NVIDIA chips before most, which is what CoreWeave’s AI infrastructure is built around.
To little surprise, EPS revisions for NVIDIA continue to show a high level of positivity across many timeframes, keeping its bullish story intact.
Image Source: Zacks Investment Research
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
CoreWeave Last Year, Now SpaceX: Decade Defining IPOs?
Key Takeaways
IPO activity post-pandemic saw a big downturn for several years, primarily driven by economic uncertainty, shifting monetary policy, and inflation, all of which impacted investor sentiment.
But the tide has shifted in a positive direction over the past few years, with several notable IPOs hitting the market, including CoreWeave (CRWV - Free Report) .
The re-awakening of the IPO market is certainly notable, signaling renewed investor confidence and a meaningful shift in broader risk appetites.
But the biggest story surrounding the IPO landscape is, of course, none other than SpaceX.
SpaceX Excitement
SpaceX has officially filed its public S-1 prospectus with the SEC, setting the stage for the largest IPO in stock market history. Trading under the ticker SPCX, the company is targeting a historic valuation between $1.75 trillion and $2 trillion and aims to raise up to $75 billion in capital.
The public debut could happen as early as June 12th, so definitely expect it to remain one of the hottest market stories in the near-term. The company's Starlink satellite internet segment is its primary profit engine, with over 10 million subscribers.
Notably, SpaceX is aggressively transforming into an AI and infrastructure giant. After absorbing Elon Musk’s AI startup xAI in a stock-based deal earlier this year, SpaceX spent a staggering $12.7 billion on AI infrastructure in 2025 alone. It is also partnering with Tesla on a chip-making project called ‘Terafab’ to build its own AI hardware.
CoreWeave Inks Huge Deals
CRWV is a high-performance cloud provider that gives companies easy access to thousands of world-class chips, enabling them to train complex models faster and cheaper without having to buy and manage the expensive hardware themselves.
Several weeks back, CoreWeave announced a multi-year agreement with Anthropic to support the development and deployment of its Claude family of AI models. The agreement has bullish implications for its overall top line growth for years to come, a primary driver behind the share surge over recent days. The company’s sales backlog totaled $66.8 billion at the end of its FY25, reflecting a record.
CoreWeave’s sales growth has remained impressive, as shown below.
Image Source: Zacks Investment Research
CRWV also announced an expanded, long-term agreement with Meta Platforms (META - Free Report) to provide AI cloud capacity through 2032 for approximately $21 billion. With this deal, the two companies are continuing their existing relationship, increasing support for Meta’s development and deployment of AI.
It specifically focuses on scaling Meta’s inference workloads, powering AI across Facebook, Instagram, and WhatsApp, also making Meta one of the first companies to deploy NVIDIA’s (NVDA - Free Report) next-gen Vera Rubin platform through CoreWeave’s infrastructure.
Keep in mind that CoreWeave and fellow AI favorite NVIDIA are deeply intertwined through a strategic partnership and a significant ownership stake. The favorable relationship allows CRWV to get its hands on the magical NVIDIA chips before most, which is what CoreWeave’s AI infrastructure is built around.
To little surprise, EPS revisions for NVIDIA continue to show a high level of positivity across many timeframes, keeping its bullish story intact.
Image Source: Zacks Investment Research