Overview
- CoreWeave increased its high-yield notes to $2.75 billion at a 9.75% rate after investors snapped up the offering.
- Jane Street agreed to a $6 billion compute contract and invested $1 billion in equity at $109 per share to tap CoreWeave’s Nvidia GPU capacity.
- Recent wins include Anthropic’s multi-year lease of CoreWeave data center capacity and a six-year, $21 billion expansion with Meta that brings Meta’s total commitment to $35 billion.
- The contracted backlog now exceeds $90 billion, up from $66.8 billion at the end of 2025, supported by a $4 billion convertible note sale and an $8.5 billion GPU‑backed loan with an investment‑grade rating.
- Shares climbed about 29% for the week as analysts raised price targets up to $156, boosting the founders’ combined paper wealth by roughly $4 billion even as most forecasts still show losses in 2026.