Bonds Behind Meta's Hyperion Fall Below Par
Debt behind Meta's Hyperion and Microsoft's Excalibur fell below par, Oracle's Jupiter loans hit stress, and Gartner sees over $4 trillion facing writedowns.
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At a glance
CoreWeave provides cloud infrastructure for AI workloads. Coverage follows GPU capacity, data centers and the economics of AI computing.
- Focus
- GPU cloud; data centers; AI infrastructure
- Reference
- CoreWeave
Reviewed 19 October 2026. Dates retain the precision of the source; retrospective disclosures are identified in the event. Backlog and multi-year contract value are conditional future business, not recognized revenue or ARR.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand the earlier milestones for more history.
Q2 revenue reaches $2.575B
Quarterly recognized sales more than double from $1.212B a year earlier. Revenue backlog is approximately $104B, subject to delivery and service-availability requirements.
Source: CoreWeave / SECActive power reaches 1.5 GW
CoreWeave reports approximately 3.7 GW in contracted power and completes the first bring-up and validation of NVIDIA Vera Rubin NVL72.
Source: CoreWeave / SEC
Show earlier milestonesHide earlier milestones2025–2017 · 8 milestones
Earlier revenue, financing and company milestones.
OpenAI agreements total approximately $22.4B
An expansion of up to $6.5B increases the total contracted relationship. Multi-year contract value is not revenue already earned.
Source: CoreWeaveCompletes the acquisition of Weights & Biases
The acquisition adds model development, evaluation and monitoring tools to CoreWeave’s infrastructure platform.
Source: CoreWeave annual reportAnnual revenue reaches $5.1B
The annual report traces recognized sales from $229M in 2023 to $1.9B in 2024 and $5.1B in 2025. These are annual revenue totals, not ARR.
Source: CoreWeave annual reportRaises $1.1B Series C
Coatue leads funding to expand compute capacity and geographic reach; the company’s announcement separately describes prior primary and secondary rounds.
Source: CoreWeaveCloses a $642M secondary transaction
The later Series C announcement documents this secondary sale. Secondary share purchases are distinct from fresh primary capital paid into the business.
Source: CoreWeave retrospectiveRaises $420M in primary financing
CoreWeave’s Series C announcement retrospectively identifies the earlier Magnetar-led primary funding, preceding the December secondary sale.
Source: CoreWeave retrospective
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