AES Corp (NYSE:AES) shares soared over 14% in premarket trading on October 1, 2025, amid reports of a potential $38 billion acquisition by BlackRock's Global Infrastructure Partners. The stock climbed to $15.01, marking an 11.03% increase from the previous day's close of $13.16. The rumored deal, which includes $29 billion in debt, would rank among the largest infrastructure acquisitions in recent history. AES has been considering strategic options since July 2025, with the acquisition interest coinciding with increased electricity demand from AI and data centers.