CoreWeave secured a $2.6 billion loan after adjusting terms to attract investors.
The company increased its debt yield to nearly 9.1% and added protective clauses. Market orders subsequently surged to almost $9 billion following these concessions.
CoreWeave also partnered with Leidos to provide sovereign AI cloud services. The collaboration targets the U.S. Intelligence Community and Department of Defense. This strategic move combines CoreWeave’s AI-native platform with Leidos’ security expertise.
CoreWeave shares climbed higher following the announcements.