Check out the companies making the biggest pre-market moves: Comcast — Shares soared 20% after the company announced it would separate its NBCUniversal and Sky media portfolios. The spinoff, expected to be completed within about a year, will see Comcast co-CEO Mike Kavanaugh take over the leadership of NBCUniversal and former Comcast Chief Financial Officer Michael Angelakis to head the carrier. Rocket Lab, Iridium Communications — Shares of both companies soared after Rocket Lab announced it would acquire Iridium. Rocket Lab said the merger will combine its launch capabilities with Iridium’s satellite communications network. Rocket Lab soared more than 10% and Iridium soared more than 20%. SpaceX — Shares rose 2% after Nasdaq announced Friday that it would add SpaceX to the Nasdaq 100 index before trading on July 7. The company’s inclusion could lead to a wave of demand for ETF purchases. Charter Communications — Charter Communications, the home internet provider, soared about 20% after Friday’s Bloomberg report that the company and SpaceX had entered into exclusive talks for consumer phone products. Charter may operate some of SpaceX’s consumer mobile phone traffic through its terrestrial internet infrastructure, the report said. Alphabet — Shares rose about 1% as the popular member of the “Magnificent Seven” became listed on the Dow Jones Industrial Average for the first time on Monday. Alphabet replaces Verizon in the 30 blue-chip index. Verizon Communications — The telecommunications company fell 0.5% as it expected a second-quarter loss of $700 million to $800 million. This estimate is due to the company’s classification of the business it contributed as part of its joint venture with UK-based BT Group as held for sale. Martin Marietta Materials — Shares fell nearly 3% after the company announced an agreement to merge with Lhoist North America for $13.5 billion in cash. The natural resources building materials company said Royst will expand its industrial minerals portfolio. Oracle — The cloud company rose 3% as it began a shortened trading week with a rebound from its worst week since 2001. Shares fell 19% last week on concerns about the company’s debt and whether its bets on artificial intelligence will pay off. TeraWulf — Shares rose 3% after Citi initiated coverage with a buy rating. Analysts at the bank said the company has addressed a major bottleneck in powering data centers, making it an attractive AI trade strategy.
