Squawk Pod
The CoreWeave IPO with CEO & Co-Founder Mike Intrator 3/28/25
Mar 28, 2025
Mike Intrator, CEO and co-founder of CoreWeave, dives into the company's transformative role in AI, servicing giants like Microsoft and OpenAI. Despite a conservative IPO pricing, CoreWeave makes waves as the largest venture-backed tech deal in years, hinting at a shifting market. Senator Chris Coons discusses the political backlash over DOGE and its impact on American budgeting. Insights into tech regulations' interplay with public discontent and military spending keep the conversation lively and pertinent in today's complex landscape.
47:31
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- CoreWeave's IPO, despite pricing lower than expected, represents a significant rebound in tech market interest with a valuation of $19 billion.
- Elon Musk's initiative with Doge aims to drastically cut federal spending while addressing concerns about the impact on Social Security benefits.
Deep dives
CoreWeave's IPO and Market Position
CoreWeave, an AI infrastructure company, recently completed its initial public offering (IPO), marking the largest tech IPO in the U.S. since 2021. The company priced shares at $40, which was lower than its initial expectation of $47 to $55, resulting in a valuation of approximately $19 billion. CoreWeave has exhibited exceptional growth, with a remarkable revenue increase of over 725% in the past year, driven by demand for AI computing resources. The IPO's success is seen as a barometer for investor appetite for tech offerings after a quiet period in the market.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
