CRWV
CoreWeave's credit default swap spread spiked to about 953 basis points that week, which the speaker said implies about a 16% annual and about 55% five-year chance of default.
CoreWeave says its payback period is 2.5 years on typical 5-year deals versus roughly one year for SpaceX (as stated), with SpaceX monetizing about $50B per gigawatt versus about $20B for CoreWeave on deals cancellable within 90 days.
CoreWeave gets 75% of its revenue from three customers, and some of those customers are lowering their future revenue expectations.