CoreWeave Secures $21 Billion Cloud Computing Capacity Contract with Meta Platforms
CoreWeave, Inc. has announced a significant expansion of its partnership with Meta Platforms, Inc., securing a new order form valued at approximately $21 billion. This agreement, building on an existing Master Services Agreement from December 2023, commits Meta to access CoreWeave's cloud computing capacity. The deal extends through December 2032 for new capacity and April 2032 for an existing option, underscoring CoreWeave's strategic importance in providing high-performance computing infrastructure to major tech companies. This substantial contract highlights CoreWeave's strong position in the rapidly growing AI and cloud services market, solidifying its long-term revenue visibility.
Key Highlights
- CoreWeave entered into a new order form with Meta Platforms, Inc. for cloud computing capacity, valued at approximately $21 billion.
- The $21 billion commitment includes access to new computing capacity under the order form through December 20, 2032.
- The agreement also covers the exercise of an existing option to access additional computing capacity under a previous order form through April 10, 2032.
- This new order form operates under an existing Master Services Agreement between CoreWeave and Meta, originally established on December 10, 2023.
Price Impact
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