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Ahead of a possible $4 billion IPO, CoreWeave’s founders already pocketed $488 million
CoreWeave is preparing for an IPO valued at $4 billion, supported by Nvidia and a network of 32 data centers equipped with over 250,000 GPUs. The company's three co-founders have already sold shares worth $488 million. Despite a revenue surge to $1.9 billion in 2024, CoreWeave incurred a $863 million loss and holds $7.9 billion in debt. The firm aims to use IPO proceeds to alleviate its debt burden.
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