Ahead of a possible $4 billion IPO, CoreWeave's founders already pocketed $488 million
1. CoreWeave is planning an IPO aiming to raise $3.5 billion. 2. Revenue soared to $1.9 billion in 2024, driven by AI services. 3. CoreWeave's primary customer, Microsoft, contributed 62% of its revenue. 4. The company is unprofitable, reporting $863 million loss in 2024. 5. CoreWeave has significant debt, totaling $7.9 billion, impacting financial health.