Market Chatter: CoreWeave Looking to Tap Into Insurers' Capital Pool for AI Growth Plans

MT Newswires Live10-14

CoreWeave (CRWV) is looking to tap into insurers' capital pool to fund its artificial intelligence growth plans, the Financial Times reported Wednesday, citing CoreWeave co-founder Brannin McBee.

McBee said securing investment-grade ratings for CoreWeave's debt would allow the company to borrow funds from insurers, according to the report. He is also looking into getting insurers to purchase loans backed by lower-rated customers, the news outlet added.

Yields on a CoreWeave bond maturing in 2032 reached almost 15% Tuesday, increasing by about 1.5% over the last week, the Financial Times noted.

CoreWeave did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 66.17, Change: -11.64, Percent Change: -14.96

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment