Meta–CoreWeave $21B pact
Meta and CoreWeave have an expanded multi‑year infrastructure agreement reportedly worth $21 billion and running through December 2032, reflecting large buyers pre‑committing GPU capacity. The deal was highlighted in market coverage as an example of hyperscalers locking in future AI compute supply at scale. (finance.yahoo.com)
Meta has agreed to spend about $21 billion more with CoreWeave for artificial intelligence computing capacity through December 2032. (coreweave.com) CoreWeave disclosed the expanded pact on April 9, 2026, and said the capacity will be deployed across multiple sites. The company said the build-out will include some of the first deployments of Nvidia’s Vera Rubin platform. (coreweave.com) A CoreWeave filing with the Securities and Exchange Commission said Meta has initially committed to pay approximately $21 billion, including new capacity through December 20, 2032 and an exercised option for additional capacity through April 10, 2032. The filing tied the deal to CoreWeave’s existing master services agreement with Meta. (sec.gov) CoreWeave rents out clusters of graphics processing units, the chips used to train and run artificial intelligence models. Meta is still building its own data centers, but this agreement shows it is also reserving outside capacity years in advance. (cnbc.com) The new commitment comes on top of a prior $14.2 billion arrangement between the companies, bringing Meta’s total disclosed CoreWeave spending to about $35 billion. CNBC reported the new spending covers 2027 through 2032, while the earlier deal runs through 2031. (cnbc.com) Meta has been signaling a much larger infrastructure push for months. In its October 29, 2025 earnings release, the company said it expected 2026 capital expenditures to grow notably from 2025, driven primarily by infrastructure costs, including added cloud expense and depreciation. (investor.atmeta.com) CoreWeave has its own reason to want longer contracts. In its 2025 annual report, the company said Microsoft accounted for about 67% of revenue in 2025, a concentration that left it exposed to one customer. (sec.gov) Locking in Meta for another seven years gives CoreWeave a second giant buyer as it keeps financing new data centers and chip purchases. Meta, meanwhile, gets reserved access to scarce computing power at a moment when the biggest artificial intelligence companies are trying to secure supply before the next wave of systems comes online. (sec.gov)
