The CoreWeave IPO with CEO & Co-Founder Mike Intrator 3/28/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 28 March 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ahead of CoreWeave’s first trade, CEO and co-founder Mike Intrator discusses the company’s value in the AI ecosystem, including for clients like Microsoft, IBM, and OpenAI. Despite pricing at the bottom of the company’s listing price range, CoreWeave’s debut is the biggest venture-backed tech IPO in years, potentially signalling a shift in market appetite for IPOs. Senator Chris Coons (D-Connecticut) discusses the DOGE-prompted division among lawmakers and American citizens alike after Elon Musk and DOGE members gave an interview on Fox, explaining their intentions with America’s budget. Plus, Russian President Vladimir Putin has weighed in on President Trump’s intentions for Greenland, and the European Union might hit Meta and Apple with smaller fines than expected. Sen. Chris Coons - 20:29 Mike Intrator - 37:25 In this episode: Sen. Chris Coons, @ChrisCoons Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squak Pod.
0:09.8	The Doge team and special government employee, Elon Musk, go public.
0:14.4	They weren't like big balls and 20 years old.
0:17.6	Routing out inefficiency and stemming a chaotic identity, Senator Chris Coons on the fast-moving,
0:23.6	fast-changing first two months of Trump 2.0.
0:27.6	I don't think people elected him to put tariffs on, take tariffs off, put tariffs on,
0:31.6	take tariffs off, and raise our costs.
0:34.6	And the biggest tech IPO we have seen in years, AI infrastructure company CoreWeave goes public,
0:40.9	and CEO and co-founder Mike and Trader spoke to our team before the first trade.
0:45.3	We have a wave of demand that we are unable to build fast enough to see you.
0:51.7	Plus the rest of today's news that got us squawking. It's Friday, finally, March 28th,
0:58.6	Squawk Pod begins right now. Stand Becky by in three, two, one. Cure, please.
1:06.1	Good morning, everybody. Welcome to Squackbox right here on CNBC. We're live from the NASDAQ
1:11.3	market site in Times Square. I'm Becky Quick along with Joe Kernan. Andrew is off today. Almost.
1:18.9	Almost the same color. Again. I could. I definitely have something much closer than this to that.
1:24.6	This is pretty close. Do you watch any of that last night? Any of the SW-S-EG?
1:28.8	You know, it's a long story.
1:30.9	Yes, I watched a little bit.
1:32.0	I can't say up that late.
1:34.1	Nine.
	...

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