CoreWeave CEO Michael Intrator and his affiliated entities, including Omnadora Capital and two trusts, have sold nearly $1 billion in company stock since the firm's IPO in March 2025. The sales involved more than 10 million shares, with approximately $40 million directed toward covering taxes on vested stock.
The divestments largely occurred under prearranged trading plans. The transactions began roughly two months after the company's stock reached a record high in June 2025. Following the peak, CoreWeave shares experienced a decline, heading for a weekly loss of approximately 24% as of Friday.
Market scrutiny has intensified as yields on CoreWeave’s 9.75% corporate bonds maturing in 2031 climbed to 15.78% on Thursday. Investors are questioning the sustainability of the company's capital-intensive model, which relies on heavy spending for data centers and Nvidia chips.
Despite financial pressure, CoreWeave reports a revenue backlog exceeding $129 billion. In August, the company raised its annual capital expenditure forecast to a range between $35 billion and $39 billion to support its infrastructure expansion.
CoreWeave, founded in 2017, currently provides AI computing capacity to major clients such as Microsoft, Meta, IBM, and Cohere. CEO Michael Intrator maintains that the company's revenue backlog is sufficient to cover all existing debt obligations.
