CoreWeave CEO and affiliates sell nearly $1 billion in stock since IPO

thestar.com.my —

CoreWeave CEO Michael Intrator and affiliated entities have sold nearly $1 billion in company stock since the AI cloud firm's IPO in March 2025, according to regulatory filings. Most sales, totaling over 10 million shares, occurred under prearranged trading plans, with roughly $40 million in sell-to-cover transactions for tax obligations. The selling began about two months after shares peaked in June 2025, as the stock has since tumbled. CoreWeave, valued at $38.44 billion, faces investor concerns over heavy capital spending and debt amid rate-hike bets. The company expanded data centers and raised its annual capex forecast to $35-39 billion while building a $129 billion revenue backlog.


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