Jon Gray, Blackstone’s president, expressed confidence in CoreWeave’s ability to manage its financing difficulties as the Nvidia-backed company expands. The company carries approximately $50 billion in debt, but strong demand for its computing power suggests that financing, rather than customer interest, is the core issue. The market currently assigns a 10.5% probability to a CoreWeave bankruptcy announcement by the end of 2027. Upcoming refinancing operations, capital raises and new long-term contracts will be key to assessing the company’s financial health and reducing its bankruptcy risk.
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