Report
CoreWeave co-founders have sold $3.3 billion in shares since 2025 IPO
A market post says CoreWeave shares plunged before rebounding ~6%, while its 5-year credit default insurance hit a record.
TLDR
Bloomberg reports three CoreWeave co-founders have sold $3.3 billion in shares since the March 2025 IPO, amid rising credit risks and investor wariness around AI spending. A market post says CoreWeave's five-year default insurance hit a record 1,194.5 basis points and bonds yielded as much as 15%. It quotes Nvidia CEO Jensen Huang saying CoreWeave's cost of capital was decreasing; Nvidia owns about 10% of the company, according to the post.
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