CoreWeave: The AI Deal Record

CoreWeave (Provider) · Meta (Buyer)

Value

approximately $21B

Capacity / term

n/a

First revenue

not disclosed

Sources

[1] tier-1[2] other

Meta committed approximately $21B of additional spend with CoreWeave in April 2026, exercising the expansion-through-2032 option in the September 2025 agreement and taking the disclosed Meta-CoreWeave total to roughly $35B. Counted separately from the parent row; the $35B cumulative figure is never stored.

CoreWeave (Provider) · Meta (Buyer)

Value

up to $14.2B

Capacity / term

n/a · 6y

First revenue

not disclosed

Sources

[1] tier-1[2] other[3] other

CoreWeave to supply Meta with up to $14.2B of AI computing capacity through December 2031, including access to Nvidia GB300 systems, per CoreWeave's SEC filing and same-day coverage. Announced days after the September OpenAI expansion, establishing Meta as CoreWeave's second anchor customer. Term shown as 6 years (2025 signing through December 2031).

Conditions: Runs through December 2031 per CoreWeave's SEC disclosure, which also gave Meta the option to materially expand its commitment through 2032; that option was exercised in April 2026 (see meta-coreweave-expansion-2026-04).

CoreWeave (Provider) · OpenAI (Buyer)

Value

up to $6.5B

Capacity / term

n/a

First revenue

not disclosed

Sources

[1] primary[2] tier-1

Expansion of the March 2025 agreement by up to $6.5B, taking the cumulative CoreWeave-OpenAI contract value to roughly $22.4B per CoreWeave (a figure that includes a reported May 2025 expansion of up to $4B still sitting in the candidate queue). Circular flag inherited from the parent agreement's cross-shareholding.

CoreWeave (Provider) · OpenAI (Buyer)

Value

up to $4B

Capacity / term

n/a

First revenue

not disclosed

Sources

[1] tier-1[2] other

The middle link of the CoreWeave-OpenAI chain: up to $4B of additional capacity through 2029, disclosed at Q1 2025 earnings, between the March initial agreement (up to $11.9B) and the September expansion (up to $6.5B). Promoted from the candidate queue on 2026-08-03 once the Bloomberg capture pinned the date. Circular flag inherited from the parent agreement's cross-shareholding.

Conditions: OpenAI pays through 2029. Disclosed on CoreWeave's Q1 2025 earnings call as an unnamed 'enterprise AI company'; the counterparty was identified as OpenAI in the regulatory filing the following day.

CoreWeave (Provider) · OpenAI (Buyer)

Value

up to $11.9B

Capacity / term

n/a · 5y

First revenue

not disclosed

Sources

[1] primary[2] tier-1

Initial five-year agreement of up to $11.9B for CoreWeave to deliver AI infrastructure to OpenAI, signed just ahead of CoreWeave's IPO. Flagged circular: OpenAI simultaneously became a CoreWeave investor via $350M of stock issued as part of the deal. A further expansion of up to $4B was reported in May 2025; it sits in the candidate queue until a primary source with an exact date is captured.