Creditors are now left holding $52 billion in debt obligations with bonds trading at less than 80 cents on the dollar. While founders exited their positions, bondholders bear the asymmetric risk of the capital structure. One co-founder, known as "Big Mike," has labeled the market's selling as irrational despite having offloaded his own shares for months.
Wednesday, October 21, 2026
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CoreWeave Founders Sell $3.3B in Shares Before Stock Crash
US Markets5 days ago
Company insiders at the center of an AI infrastructure boom are facing scrutiny over the timing of their stock sales. Three co-founders of CoreWeave liquidated $3.3 billion in shares since the firm's initial public offering last year, securing liquidity before a crash in the share price. The selloffs occurred as rising credit risks and investor wariness over AI expenditures sparked volatility in the company's valuation.
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