C

CoreWeave

Rents GPU cloud computing for AI developers

Development Project Manager - Data Center Development

Full-TimeUpdated on 10/23/2026
$122k - $179k+ Discretionary bonus + Equity awards
Senior
Bachelor's
San Francisco, CA, USA+4 moreMore locations: Livingston, NJ, USA | New York, NY, USA | Bellevue, WA, USA | Sunnyvale, CA, USA
In PersonWillingness to travel to project sites as required.
Project & Program ManagementProject Management

About the job

Requirements
  • 5+ years of relevant project or program management experience in data center, mission-critical, or large-scale capital development, preferably on the owner's side.
  • Demonstrated ownership of significant pre-construction workstreams, including integrated schedule management and budget tracking for land acquisition, site development, or construction readiness.
  • Working knowledge of entitlement and permitting processes, including authority-having-jurisdiction (AHJ) submittals and approval sequencing.
  • Experience coordinating due diligence workstreams—including title, survey, geotechnical, and environmental reviews—and tracking closing requirements.
  • Proven ability to drive follow-through on agreed deliverables across internal teams and external parties without direct authority.
  • Proficiency with project controls and reporting tools such as Smartsheet, Microsoft Project, Primavera P6, or equivalent, and ability to turn project information into clear executive reporting.
  • Experience coordinating consultant agreements, statements of work, purchase orders, and invoice validation.
  • Sound judgment in identifying risks, managing dependencies, and escalating decisions to project leaders.
  • Bachelor's degree in engineering, construction management, real estate, or a related field, or equivalent practical experience.
  • Willingness to travel to project sites as required.
Responsibilities
  • Manage integrated project delivery for assigned self-development sites from acquisition through construction handoff, coordinating internal functions and external parties against agreed milestones and dated deliverables.
  • Build and maintain the integrated project schedule, including the critical path, milestone exit criteria, dependencies, and deliverables across contributing teams.
  • Maintain the Owner's Budget through handoff, including cash flow forecasting, variance reporting against approved capital, and escalation of changes requiring approval.
  • Coordinate entitlement and permitting workstreams with development leads and external consultants, maintaining the permit matrix, submittal schedule, and approval dependencies, and supporting relationships with authorities having jurisdiction (AHJs).
  • Coordinate diligence and closing workstreams with Legal and technical leads—including title, survey, geotechnical, and environmental reviews—tracking conditions precedent through satisfaction or approved waiver.
  • Coordinate delivery across Design, Construction, Power, Legal, Environmental Health and Safety, and Corporate Affairs and Government Affairs, run site meetings, and maintain action logs with named owners and dated commitments.
  • Maintain the site risk register, track mitigation actions with named owners, and escalate issues against defined thresholds.
  • Prepare executive-facing status reports and maintain a consistent source of truth across project trackers, pipeline reporting, and site records.
  • Coordinate pre-construction consultant scope, onboarding, statements of work, purchase orders, and invoice validation within established approval processes.
  • Coordinate handoff to Construction against defined exit criteria: site control closed; permits secured or sequenced with dated approvals; budget and schedule baselined; risk register transferred with named owners; required utility agreements executed; and documentation and system access transferred.
Desired Qualifications
  • Experience supporting development of greenfield, brownfield, or powered-land data center sites at 25 MW and above.
  • Familiarity with local permitting and utility processes and their sequencing.
  • PMP or equivalent formal project management certification.
  • Experience establishing or improving project controls and reporting processes.
  • Experience transitioning work from external consultants or contract resources to an internal team.

About the company

CoreWeave rents cloud computing to AI labs and businesses that train models and run them in production for research and commercial applications. Its platform combines NVIDIA graphics chips, storage, networking, and software built for demanding AI workloads across connected clusters scaled to fit each project. CoreWeave Forge connects tools for tracking experiments, testing models, and improving AI systems using feedback from production. Customers rent computing capacity through committed contracts or usage charges, while managed services handle the infrastructure needed to keep large workloads running. CoreWeave was founded in 2017 and is headquartered in Livingston, New Jersey.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Livingston, New Jersey

Founded

2017

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Simplify's Take

What believers are saying

  • Demand is compounding: August 2026 results showed CoreWeave quarterly revenue more than doubled to $2.58 billion.
  • Contracts support expansion: CoreWeave reported $104 billion of June 2026 backlog, subject to service delivery.
  • Eligible U.S. employees buy discounted equity: CoreWeave's purchase plan prices shares 15% below the lower opening or closing price.

What critics are saying

  • Customer losses threaten stability: three buyers supplied 72% of CoreWeave's Q2 2026 revenue.
  • Borrowing consumes revenue: CoreWeave's net interest expense reached $640 million in Q2 2026, reported in August 2026.
  • Afton technicians face urgent callouts: CoreWeave requires onsite emergency response within 60 minutes during scheduled on-call shifts.

What makes CoreWeave unique

  • Hardware access stays direct: CoreWeave runs Kubernetes on bare metal, without a virtualization layer.
  • Support skips nontechnical handoffs: CoreWeave says customers reach engineers cross-trained across its stack directly.
  • Top AI labs use CoreWeave: the company says nine of ten leading foundation model providers rely on its cloud.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Tuition Reimbursement
  • Mental Health Support
  • Family Planning Benefits
  • Paid Parental Leave
  • Hybrid Work Options
  • 401(k) Company Match

Growth & Insights and Company News

6 month growth

-3%

1 year growth

-2%

2 year growth

-2%
Yahoo Finance
Oct 25th, 2026
Musk warns most of 200+ AI cloud firms will fold as CoreWeave bond yield hits 15.76%

Elon Musk says lenders have almost entirely stopped funding companies that earn money only from AI data centres. He predicts most of the more than 200 AI cloud firms, known as neoclouds, will fold or be bought. CoreWeave, the largest listed neocloud, is paying record rates on its debt. The yield on its $2.75 billion bond due 2031 has hit 15.76%, and its shares are about 70% below their peak. It has reported obligations of $50 billion. Chief executive Mike Intrator told staff the firm's backlog "more than supports all of our debt obligations." Musk's SpaceX says it just closed $40 billion of borrowing. Musk credited its investment-grade rating and its Starlink and rocket-launch income. Some neoclouds will survive, he wrote, "but not many.

Yahoo Finance
Oct 24th, 2026
Neocloud "death spiral" fears hit AI boom as CoreWeave's $32B debt and equity pile meets 16% rates

Shares in "neocloud" firms such as CoreWeave, Nebius and Iren have slumped as investors balk at heavy losses and high borrowing costs. Nvidia and Oracle shares are down 10% from their peak earlier this month. CoreWeave has raised $32bn in debt and equity to fund 51 data centres, yet reported revenue of just $4.6bn in the first six months of the year. Interest rates on some of its debt briefly hit 16% last week. HSBC analysts said its return on investment is 8.9%, well below borrowing costs, and judged it overvalued by 50%. Australia's Firmus has cancelled a £20bn IPO. Gartner analyst Will Sommer predicts 80% of neoclouds will cease independent operations by 2030, and that $3.5tn in AI infrastructure spending could be written off. Nvidia's chief executive, Jensen Huang, says the sector faces a "scarcity of capital", not weak demand.

Yahoo Finance
Oct 23rd, 2026
Blackstone's $2.3 Billion CoreWeave Bet Sparked a Trillion-Dollar AI Lending Boom

In 2023, executives at Blackstone (NYSE:BX) asked CoreWeave (NASDAQ:CRWV) two questions: “What is a GPU?” and “Is AI real?” Three years later, the $2.3 billion financing Blackstone helped arrange has become the blueprint for a chip-backed lending market that could...

Yahoo Finance
Oct 23rd, 2026
Goldman upgrades CoreWeave to Buy with $106 target despite 56% share slump

Goldman Sachs upgraded CoreWeave from Neutral to Buy on October 19, 2026, even as it cut its 12-month price target from $139 to $106. The new target implies a gain of about 73% from the October 16 close of $61.39. CoreWeave shares have lost nearly half their value since August, partly because yields on its 2031 and 2032 bonds climbed to around 15%. Analyst Gabriela Borges argues investors have overestimated the effect of future borrowing and underestimated the profit from new data center contracts. CoreWeave rents Nvidia chips to firms such as Meta and OpenAI. It had locked in about $104 billion in future revenue by the end of the second quarter, but posted a $626 million net loss that quarter. Ark Invest bought about $25.8 million of the stock in mid-October.

Yahoo Finance
Oct 22nd, 2026
Neoclouds explained: GPU providers behind the AI boom face a $3.5T impairment risk

Neoclouds, specialist providers that rent out GPU capacity for AI training and inference, have gone from unknown startups to listed companies with contracts worth billions of dollars. CoreWeave, Nebius and IREN lead the listed group; Lambda, Crusoe and Fluidstack remain private. Their shares fell hard in October 2026. CoreWeave dropped 29%, leaving it valued at about $34 billion against a 2025 peak of about $90 billion; Nebius fell 27% and IREN 32%. CoreWeave's unsecured debt yielded about 15%. On October 14, 2026, Gartner predicted that more than 80% of neocloud providers will stop operating independently by 2030. It also warned that more than $3.5 trillion of AI infrastructure spending could face impairment. Demand remains strong. CoreWeave co-founder Brannin McBee said nearly all of its 2027 capacity is sold.