CoreWeave bonds plunge to distressed levels, Musk calls move 'yikes'

AI-generated briefing · First published

CoreWeave's 2032 bonds fell below 80 cents on the dollar, pushing yields above 15 percent and its shares down 16 percent.

CoreWeave Inc.'s 2032 unsecured bonds dropped below 80 percent of face value on Wednesday, sending yields above 15 percent and its shares down 16 percent intraday. [1] [2] [3]

Social Capital's Chamath Palihapitiya posted the price chart on X; Elon Musk replied 'yikes.' [1] [2] [3]

Oracle shares fell nearly 7 percent and its 2032 bonds yielded 7.24 percent; Dell shares dropped 10 percent. [3]

Sources

  1. CoreWeave’s Bonds Turn Distressed, Drawing ‘Yikes’ From Musk

    Bloomberg · · Summary only

  2. 云服务商CoreWeave债券急挫至困境区间 连马斯克也惊呼“吓人”

    Sina Finance · · Full text

  3. CoreWeave股价大跌，债券收益率逼近15%，市场担忧AI领域举债过度

    Sina Finance · · Full text

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