AI Compute Giant CoreWeave's Bond Plunge Draws Musk's Attention with a Stunned "Yikes" Response
Source：
x.com
The unsecured bonds of AI cloud computing service provider CoreWeave maturing in 2032 have plunged below 80% of par value, with yields exceeding 15% and reaching levels typically considered distressed. Their credit default swap (CDS) prices have also climbed to all-time highs, reflecting a market-priced probability of default exceeding 50% over the next five years. Elon Musk responded on the X platform with an astonished comment, replying "Yikes" (meaning bad).
