CoreWeave successfully launched its IPO, raising $1.5 billion with a market cap of $14 billion, despite a modest start at $40 per share. This marks the largest AI-related IPO to date and the most significant U.S. tech IPO since 2021. Founded by former hedge fund managers, CoreWeave evolved from a crypto mining operation into a major player in AI infrastructure, boasting 250,000 GPUs and partnerships with industry leaders like OpenAI. However, the company faces challenges with $7.6 billion in debt, which has investors cautious about its future growth prospects.