# CoreWeave debt crisis deepens with record CDS spreads

> CoreWeave’s debt crisis worsens as CDS spreads hit record highs, signaling over 50% default risk within five years.
- Title: CoreWeave debt crisis deepens with record CDS spreads
- Summary: CoreWeave’s debt crisis worsens as CDS spreads hit record highs, signaling over 50% default risk within five years. CoreWeave faces over 50% default…
- Keywords: coreweave, cds spreads, debt crisis, nasdaq, crwv, neocloud, default risk, business, finance, debt, crisis, deepens
- Source: TradingView — https://tradingview.com/chart/CRWV/slFwP97g-CoreWeave-s-debt-crisis-deepens-as-CDS-spreads-hit-record-highs
- Published: 2026-10-16T04:06:33+00:00
- Read time: 1 min
- Topics: coreweave, cds spreads, debt crisis, nasdaq, crwv, neocloud, default risk, business, finance
## CoreWeave debt crisis deepens
CoreWeave’s debt crisis deepens as CDS spreads hit record highs for NASDAQ:CRWV.
## Debt load intensifies
CoreWeave raised over 35 billion dollars this year alone, carrying 52 billion dollars in debt and lease obligations.
## Net interest expense
The company pays 640 million dollars in net interest expense last quarter, about a quarter of revenue.
## Maturity risk
With 13.5 billion dollars in principal and interest due next year against revenue of only 10 billion dollars.
## Contracted backlog
CoreWeave holds 104 billion dollars in contracted backlog but requires continuous external funding to build data centers.
## Bond market stress
CoreWeave’s 2032 unsecured notes trade at a yield above 15%, implying bonds change hands below 80 cents on the dollar.
## CDS spread record
The company’s credit default swap spread spiked to a record 982 basis points, indicating over 50% default probability within five years.
## Key takeaway

CoreWeave faces over 50% default probability within five years due to record CDS spreads and $52 billion debt.