CoreWeave and Meta Enter into New Order Form for Cloud Computing Capacity Under Existing Agreement

CoreWeave and Meta Platforms have entered into a new order form under their existing Master Services Agreement. The order form provides Meta with access to cloud computing capacity, with an initial commitment of up to $14.2 billion through December 14, 2031. Meta has the option to expand its commitment through 2032. The agreement contains customary provisions regarding representations, indemnification, and liability limitations.

CoreWeave Inc. (NASDAQ: CRWV) has confirmed a new order under its existing Master Services Agreement with Meta Platforms Inc. (NASDAQ: META), locking in commitments of up to $14.2 billion through December 14, 2031. The agreement, finalized on September 25, 2025, grants Meta access to cloud computing resources via reserved capacity orders. Meta also retains an option to extend its commitment through 2032 to secure additional capacity under the same order framework CoreWeave Secures $14.2 Billion Cloud Computing Contract with Meta Through 2031^[1].

The original Master Services Agreement was established on December 10, 2023. CoreWeave classified the new order as material under Item 1.01 of Form 8-K disclosure rules. The agreement remains in effect until all outstanding orders are completed or terminated, or until either party exercises its right to end the contract for cause. It includes standard terms covering representations, warranties, indemnification, and liability limitations. Amendments to the order form can be made if both companies mutually agree CoreWeave Secures $14.2 Billion Cloud Computing Contract with Meta Through 2031^[1].

Following the announcement, CoreWeave's stock price experienced a rally, increasing by over 14% Meta Platforms Sparks Coreweave CRWV 14% Stock Rally^[2]. The deal highlights Meta's continued investment in AI and cloud computing, with the company raising its 2025 capital expenditure guidance to a range between $66 billion and $72 billion Meta Platforms Sparks Coreweave CRWV 14% Stock Rally^[2]. This agreement underscores CoreWeave's position as a rising player in the AI data center sector, having gone public in March and experiencing a significant year-to-date increase in stock price Meta Platforms Sparks Coreweave CRWV 14% Stock Rally^[2].

The agreement is a significant development for both companies. Meta's commitment to cloud computing resources underscores its strategic focus on AI advancements. For CoreWeave, the deal provides a substantial revenue boost and further validates its infrastructure capabilities. The agreement aligns with CoreWeave's growth trajectory, which has been bolstered by endorsements from major tech companies Meta Platforms Sparks Coreweave CRWV 14% Stock Rally^[2].

However, the deal also comes amid broader geopolitical and ethical considerations. Microsoft, for instance, has recently faced criticism for its involvement in cloud computing services with the Israeli military, leading to the cancellation of some services Microsoft cuts Israeli military’s access to some cloud computing, AI^[3]. While this does not directly impact CoreWeave, it highlights the broader context in which such agreements are made.

In summary, CoreWeave's new order with Meta represents a significant financial commitment and strategic partnership. It underscores the growing demand for cloud computing resources and CoreWeave's role in meeting that demand. As investors, it is crucial to monitor the broader context and potential risks associated with such agreements.