Gavin and John diagnose $CRWV's current challenges and contrast them with $SPCX's approach to pricing compute: @GavinSBaker: "CoreWeave is great. They run GPUs very well. They just sadly locked in a vast amount of compute in long-term contracts that are now way, way under market." @johncoogan: "They sold their GPUs for fixed prices, and that's why they're getting hammered right now. It's not that they don't have compute... they just sold for too cheap." Gavin: "The conclusion Elon came to was, 'Prices are going up. If we are willing to sell into the spot market, we can have paybacks of well under a year and get big prepayments.' I think that's probably a better financing model for the market we're in." "And by the way, I think CoreWeave is very aware of this. They're trying to get more spot exposure and do less of these big, long-term offtake agreements."