Re:CoreWeave bond yield tops 16% as AI credit stress rises
by surgical_fire on Tuesday November 10, 2026 @03:13PM
(#50445689)
> Pricing in commercial agreements is typically considered competitively sensitive and can be redacted from contracts filed with the SEC but only if it isn't material. Anthropic still has to disclose known trends that are likely to affect its results so if below-market compute were inflating its margins you'd expect to see that in the S-1.
> The more detailed related-party disclosures probably aren't required yet because Amazon and Google mostly hold non-voting preferred stock and convertible notes. The S-1 says they'll each hold more than 5% after the IPO conversions. At that point, their transactions with Anthropic fall under the related-party rules so we'll learn a lot more after the IPO if there are any "issues" there.
Whoa, that I really didn't know. Something for everyone to keep their eyes on then, because this is actually very opaque, and may dramatically change what we know about their numbers. Or not.
> The more detailed related-party disclosures probably aren't required yet because Amazon and Google mostly hold non-voting preferred stock and convertible notes. The S-1 says they'll each hold more than 5% after the IPO conversions. At that point, their transactions with Anthropic fall under the related-party rules so we'll learn a lot more after the IPO if there are any "issues" there.
Whoa, that I really didn't know. Something for everyone to keep their eyes on then, because this is actually very opaque, and may dramatically change what we know about their numbers. Or not.