Chamath explains widening CDS spreads on CoreWeave: heavy debt meets fixed-price capacity contracts
rohanpaul_ai · x · 2026-10-18
On the All-In Podcast, Chamath explains why credit default swap spreads on neoclouds like CoreWeave have jumped.
In short: US interest rates are rising while CoreWeave borrows heavily and sells its compute capacity at fixed prices — rising funding costs against locked-in revenue are being priced into its CDS spreads.
Related event: Chamath Explains CoreWeave CDS Spread Blowout(2 posts)→
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