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CoreWeave Bond Prices Plunge as Default Risk Soars

By Drooid · · How we work

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Story summary
  • CoreWeave’s bond prices crashed as investors lost confidence.
  • The company carries $72 billion in liabilities across 51 data centers.
  • Investors assigned a more than 60 percent default probability to CoreWeave.
  • Wall Street bought credit-default swaps on SoftBank, which has borrowed heavily to partner with OpenAI.
  • Higher borrowing costs could raise expenses for AI projects at these firms.