Nvidia-Backed Cloud Provider Hires Morgan Stanley to Sell $500 Million of Employee Shares

CoreWeave, a fast-growing cloud computing startup that rents specialized servers for developing artificial intelligence, has hired Morgan Stanley to sell employee stock to investors at a valuation of at least $6 billion, three times higher than its valuation in an equity financing in May, according to someone with direct knowledge.

The deal involves selling about $500 million worth of existing common shares, which would represent about 8% or CoreWeave’s stock, depending on the final valuation. CoreWeave’s three co-founders, along with …

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