economy
December 10, 2025
Oh look, CoreWeave is issuing $2 billion more debt.
In the story I wrote about CoreWeave, analyst Gil Luria told me the company has “to keep borrowing more and more because they spend more money than they can get, structurally. They have to continue to borrow to pay interest on the last loan.” Aren’t you glad Nvidia helped them go public?
TL;DR
- CoreWeave has slumped on debt concerns.
- The company is issuing more convertible bonds.
- CoreWeave's spending exceeds its revenue, requiring continuous borrowing to pay interest on loans.
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