The David Lin Report · Friday, October 23, 2026
AI cloud computing company CoreWeave held approximately 35.6 billion dollars in debt principal as of June 30th and expects to spend between 35 billion and 39 billion dollars on CapEx this year against projected annual revenue of 12 billion to 13 billion dollars. Consequently, yields on some of its unsecured bonds surged to between 15 and 16 percent.
“And as of June 30th, Corweave had approximately $35.6 billion in debt principal compared with just $11.2 billion a year earlier.”
“Earlier this month, yields on some of CoreWeave's unsecured bonds surged to approximately 15% to 16%.”