CoreWeave chases 'unlimited' insurance money to fund AI build-out amid $25bn cash burn

arthurcolle · x · 2026-10-15

The FT reports CoreWeave is targeting 'unlimited' insurance capital to fund its AI infrastructure build-out.

• Analysts forecast negative free cash flow of about -$25bn this year, -$28bn next year, and -$18bn in 2028
• CEO McBee: 'If we stop building today, we'd be immensely cash-flow positive' — but 'you have to be one of the biggest players'
• Interest costs more than doubled YoY to $640mn in Q2; debt stands at 5.8x annualized EBITDA
• McBee says investment-grade rating is possible 'within a few years'; S&P rates its financial risk as 'aggressive'

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