Overview

• Director Jack Cogen sold about $477 million in shares and co-founder Brannin McBee sold roughly $426 million, part of more than $1 billion in executive stock sales reported after the IPO lockup expired.
• Major holder Magnetar Financial sold nearly $1.9 billion of stock yet still owns more than 20% of CoreWeave’s Class A shares, according to Bloomberg and Washington Service data.
• CoreWeave recently added a $14.2 billion contract from Meta and a $6.5 billion expansion from OpenAI, bringing OpenAI’s total awards this year to $22.4 billion.
• Nvidia agreed to a $6.3 billion take‑or‑pay deal to buy CoreWeave’s unsold data center capacity through 2032, providing a buffer as the company scales GPU infrastructure.
• The company’s revenue backlog now tops $50 billion versus $30.1 billion at the end of Q2, while shares remain volatile and richly valued as critics like Jim Chanos question returns on heavy capex.