Blockspace: AI News

Bloomberg reported that SpaceX and Tesla merger talks are moving forward, with an announcement possible as soon as December. The deal would be SpaceX buying Tesla, creating a nearly $3.5 trillion company — by far the largest merger in history — though Tesla shareholders would have to give up control to Elon Musk, and the firms still have to navigate the conflicts of Tesla's China business from SpaceX's U.S. defense work. Hyperbolic CEO Jasper Zhang then joins the show to unpack the neocloud sell-off, arguing that inference demand is growing 10 times a year, GPU prices are not going to fall, and CoreWeave's more than 70% prepaid mix makes a customer default unlikely even as investors fixate on debt. Finally, Charlie and Colin break down Anthropic's IPO, which Bloomberg says could raise as much as $90.4 billion at a $1.4 trillion valuation and is about six times oversubscribed, even after AI stocks shed $6 trillion in a multi-month rout.

Timestamps:
00:00 Intro
6:02 Tweet of the day
8:05 SpaceX-Tesla merger talks
19:30 Hyperbolic CEO Jasper Zhang on neoclouds
35:37 Anthropic IPO 6x oversubscribed

Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/blockspace-ai-news/id1729672815

Sponsors:

👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.

👉 Luxor Technologies: Blockspace's preferred mining pool. Start hashing today with Luxor! https://luxor.tech/

👉 Lygos Finance: Borrow against your Bitcoin, without compromising on custody! https://www.lygos.finance/

Lygos Finance CEO Jay Patel joins the show after Jensen Huang stepped down as NVIDIA CEO and the stock fell double digits at the open. Patel argues Wall Street is mispricing Jensen's role, that existing neocloud deals should hold, and that the harder question is whether a new CEO can keep scaling the financing NVIDIA has backstopped — including an up-to-$500 billion compute-credit package. NVIDIA reports earnings next week, and Patel said the inventor of CUDA is the internal front-runner. We then unpack Nebius's third quarter: revenue jumped 571% to $980.8 million, but the stock dropped 17% after a third of that revenue proved non-recurring, the $7 billion ARR target slipped to February 2027, and 2026 CapEx guidance rose to $27 billion. Finally, Riot CEO Jason Les walks through a $28 billion, 15-year lease for 910 critical-IT megawatts at Corsicana, a modular power-pad deal at about $6 million per megawatt and a 33% unlevered yield on cost.

Sponsors:

👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.

👉 Luxor Technologies: Blockspace's preferred mining pool. Start hashing today with Luxor! https://luxor.tech/

👉 Lygos Finance: Borrow against your Bitcoin, without compromising on custody! https://www.lygos.finance/

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TeraWulf COO and CTO Naz Khan joins the show after Q3 results that put AI services at 83% of revenue, and the hosts unpack CoreWeave’s guidance raise and reports that Anthropic may walk from its SpaceX compute deal.

Khan walks through the final stretch at Lake Mariner, where 102 megawatts are already delivered and CB5 is slated to finish the campus in Q1 2027, plus 737 megawatts of AI capacity under construction. He also covers rising build costs at Justified, a newly finalized Google backstop, and why TeraWulf is telling tenants who want a single-digit yield on cost to “go talk to someone else.”

Charlie and Colin then break down CoreWeave’s earnings. The stock jumped 30% at the open after the company raised 2026 revenue guidance to $13–$13.3 billion and exit ARR to $20–$21 billion, even as it guides to $37–$39 billion of CapEx and carries $46.9 billion of debt.

Finally, they weigh a Citrini Research report that Anthropic told analysts it will not renew its SpaceX compute contract past mid-2027 — a deal worth up to $120.5 billion through 2029 — and four theories for why that might be.

Compute's daily live show | 1P EST every weekday

Blockspace covers AI infrastructure including names like CoreWeave, IREN, Nebius and former bitcoin miners moving into AI cloud, data center power constraints, and what public investors should watch next. Check out our daily show wherever you watch podcasts!

Full episodes on the Blockspace podcast:
🎙️ https://blockspace.media/podcasts/

Sponsored by:
👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.
👉 dimetrics.ai Enterprise compute intelligence
👉 https://luxor.tech/ Blockspace’s preferred mining pool. Start hashing today with Luxor!
👉 https://www.lygos.finance/ Borrow against your Bitcoin, without compromising on custody.

Hosted on beehiiv. Read the full Privacy Policy at beehiiv.com/privacy.

Anthropic's IPO price is here! Per the Wall Street Journal, Anthropic plans to IPO at around $1.3 trillion. We discuss what this means for the market on the show, and if it might be too pricey.

For our headliner today, we have Ben Gagnon of KEEL Infra on the show to discuss their Q3 2026 Earnings. Why have they not signed a deal yet, and what's to come for the AI/HPC firm?

Lastly, we hit on MARA's Q3 2026 earnings call which covers its Bitcoin sale, growth into AI/HPC, and not much else. Is it a dud stock, or is it going somewhere? Plus, IREN just got a wet blanket tossed on it from Goldman Sachs. Is that fair?

Compute's daily live show | 1P EST every weekday

Blockspace covers AI infrastructure including names like CoreWeave, IREN, Nebius and former bitcoin miners moving into AI cloud, data center power constraints, and what public investors should watch next. Check out our daily show wherever you watch podcasts!

Full episodes on the Blockspace podcast:
🎙️ https://blockspace.media/podcasts/

Timestamps:

0:00 Intro
6:20 Anthropic IPO
20:00 Keel CEO Ben Gagnon
43:40 MARA Q3 earnings
52:47 IREN: what the analysts are saying

Sponsored by:
👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.
👉 dimetrics.ai Enterprise compute intelligence
👉 https://luxor.tech/ Blockspace’s preferred mining pool. Start hashing today with Luxor!
👉 https://www.lygos.finance/ Borrow against your Bitcoin, without compromising on custody.

Hosted on beehiiv. Read the full Privacy Policy at beehiiv.com/privacy.

NVIDIA is under the microscope after news that CEO Jensen Huang had an affair with Alice Wong, an executive at Megaspeed who has been reported as a suspected CCP operative. 

The company's board has launched an independent investigation, and the stock is down about 4% as investors weigh key-man risk and whether any secrets were compromised. Meanwhile, Ornn CEO Kush Bavaria joins the show to explain why NeoCloud stocks like Nebius are getting hammered even as GPU rental rates climb, and what the difference between spot, on-demand, and take-or-pay contracts means for investors. 

Lastly, we break down Morgan Stanley's latest SpaceX note, which reiterates a $300 price target and argues the stock can more than double, with compute infrastructure making up most of that valuation.

Compute's daily live show | 1P EST every weekday

Blockspace covers AI infrastructure including names like CoreWeave, IREN, Nebius and former bitcoin miners moving into AI cloud, data center power constraints, and what public investors should watch next. Check out our daily show wherever you watch podcasts!

Full episodes on the Blockspace podcast:
🎙️ https://blockspace.media/podcasts/

Sponsored by:
👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.

👉 dimetrics.ai Enterprise compute intelligence

👉 https://luxor.tech/ Blockspace’s preferred mining pool. Start hashing today with Luxor!

👉 https://www.lygos.finance/ Borrow against your Bitcoin, without compromising on custody.

IREN investors got a great update from management on Thursday, with higher revenue and more ARR coming in 2027. Although there's bumps with the Microsoft deal, IREN is starting to execute on its larger goal of being a neocloud. Meanwhile, Luxor's Kaan Farahani joins the show to talk about Bitcoin mining in Texas, season changes from weather, and pricing future mining activity.

Lastly, we break down what happened in TeraWulf's earnings update this morning, which showed $700 million in ARR in 2027, plus execution on its Lake Mariner site. Plus, they got that Google backstop!

Compute's daily live show | 1P EST every weekday

Blockspace covers AI infrastructure including names like CoreWeave, IREN, Nebius and former bitcoin miners moving into AI cloud, data center power constraints, and what public investors should watch next. Check out our daily show wherever you watch podcasts!

Full episodes on the Blockspace podcast:
🎙️ https://blockspace.media/podcasts/

Sponsored by:
👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.
👉 dimetrics.ai Enterprise compute intelligence
👉 https://luxor.tech/ Blockspace’s preferred mining pool. Start hashing today with Luxor!
👉 https://www.lygos.finance/ Borrow against your Bitcoin, without compromising on custody.

Hosted on beehiiv. Read the full Privacy Policy at beehiiv.com/privacy.

The AI trade is officially dead! Charlie and Will join the stream to discuss AI stocks completely unwinding from the all time highs, including numerous double digit drops. 

Then we discuss IREN, which apparently is struggling to deliver its Horizon sites to Microsoft. Is there something there, or is this a nothing burger?

Adam Sullivan, CEO of Core Scientific (NASDAQ: CORZ) joins the show next to discuss earnings. Lastly, we hit on KEEL Infra (NASDAQ: KEEL) earnings call, which showed no new leases and decreasing revenue going into 2027.

Full episodes on the Blockspace podcast: 

🎙️ https://blockspace.media/podcasts/

Sponsored by:

👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com. 
👉 Luxor Technologies: Blockspace’s preferred mining pool. Start hashing today with Luxor! https://luxor.tech/
👉Lygos Finance: Borrow against your Bitcoin, without compromising on custody! https://www.lygos.finance

Hosted on beehiiv. Read the full Privacy Policy at beehiiv.com/privacy.

The Democratic party just locked in 6 years of control in the Senate and at least 2 years in Congress. Plus, dozens of governorships flipped blue.

What does this mean for AI data center stocks like Cipher Digital and IREN? Plus, we cover Riot's big earnings release announcement (hint: Anthropic) and Hut 8 selling Bitcoin to buy its own shares.

Lastly, Anni Sen joins the show to discuss SpaceX: what does a blue wave in Texas mean for the data center (I mean rocket) company?

Blockspace covers AI infrastructure including names like CoreWeave, IREN, Nebius and former bitcoin miners moving into AI cloud, data center power constraints, and what public investors should watch next. Check out our daily show wherever you watch podcasts!

Full episodes on the Blockspace podcast:
🎙️ https://blockspace.media/podcasts/

Sponsored by:
👉 Soluna (Nasdaq: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com.

👉 https://luxor.tech/ Blockspace’s preferred mining pool. Start hashing today with Luxor!

👉 https://www.lygos.finance/ Borrow against your Bitcoin, without compromising on custody.

Hosted on beehiiv. Read the full Privacy Policy at beehiiv.com/privacy.

US midterm elections are tomorrow, and its got big implications for data center stocks we talk about on this show. In particular, the ones with major campuses in Texas, Ohio, New Mexico, and New York (not to mention about 10 other states!). What are we to make of this? Plus, Cipher Digital's earnings call gave investors reason for continued patience as they build out the future of the business. Lastly, Charlie breaks down the latest in SpaceX news with a lawsuit from the NAACP concerning its Memphis, Tennessee sites.

Hosted on beehiiv. Read the full Privacy Policy at beehiiv.com/privacy.

Today, Will joins Charlie to discuss the collapse of Intel (falling more than 20%, the worst in four decades), plus the earnings call reactions from Microsoft and Google. Lastly, we touch on Nebius' capex guidance and a recent bullish price target from Bank of America.

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👉Soluna (NASDAQ: SLNH) develops data centers co-located with wind and solar plants, turning surplus renewable energy into computing power for AI and other intensive applications. solunacomputing.com. 

👉Luxor, Blockspace's preferred mining pool. Start hashing today with Luxor!

👉Lygos Finance, Borrow against your Bitcoin, without compromising on custody.