A look inside the $52 billion hole that CoreWeave needs to climb out of

CoreWeave—and the vast amount of debt it has taken on to fund its business—dragged down the entire stock market this week. According to its Q2 earnings release, it had operating lease liabilities of $16.3 billion and total debt of $35.6 billion. The company only made $4.6 billion in revenue for the first six months, and its operating expenses exceeded its sales, leaving it with a net loss of $1.4 billion on the bottom line in the period. To put it simply, how will a company that makes no money pay back $52 billion in combined debt and lease commitments? The short answer is that the company…