CoreWeave CEO Michael Intrator’s net worth shot past $10 billion just three months after the AI cloud company’s IPO.
The biggest tech IPO of 2025 so far raised $1.5 billion, well short of the $4 billion founders had hoped for.
CoreWeave powers AI training and inference using a massive GPU stockpile, mostly Nvidia chips. Nvidia is an investor and helped CoreWeave secure those scarce GPUs. 
Its clients include Microsoft and OpenAI, with OpenAI locked into a $12 billion buying plan and still owing $11 billion. Nvidia recently boosted its stake after the IPO.
But CoreWeave is heavily leveraged. It borrows against GPUs and carried $8.8 billion in debt as of March, with interest rates hitting 15%. Despite nearly $1 billion in Q1 revenue, it posted a $315 million net loss.
Investors haven’t flinched. The stock surged nearly 300% since March, driving Intrator’s wealth through the roof.
Intrator, Brian Venturo, and Brannin McBee started out mining crypto after a failed hedge fund. They went from a closet full of GPUs to a huge AI cloud powerhouse servicing top LLM players.
CoreWeave is reportedly looking to buy competitor Core Scientific. The founders each cashed out over $150 million before the IPO.
The company embodies 2025’s AI craze: fast growth, big revenue, sky-high debt, and relentless investor appetite for AI cloud capacity.
CoreWeave declined further comment.
