COREWEAVE CEO SOLD NEARLY $1 BILLION OF STOCK SINCE IPO , FILINGS SHOW

What happened: CoreWeave CEO Michael Intrator and linked entities sold nearly $1 billion of stock, mostly under prearranged trading plans, since the AI cloud company's March IPO, per regulatory filings. Key numbers: Sales topped 10 million shares. Valuation was $38.44 billion as of Thursday's close. About $40 million was sell-to-cover, not prearranged. Why it matters: The sales began about two months after a June 2025 record high, and shares have tumbled since as investors worried about heavy capital spending and the debt funding it amid rising bets on interest-rate hikes.

CoreWeave CEO Michael Intrator and linked entities sold nearly $1 billion of stock, mostly under prearranged trading plans, since the AI cloud company's March IPO, per regulatory filings.

The sales began about two months after a June 2025 record high, and shares have tumbled since as investors worried about heavy capital spending and the debt funding it amid rising bets on interest-rate hikes.