Crusoe
-49%
est. 2Y upside i
Rank
#3248
Sector
AI Cloud Infrastructure
Est. Liquidity
~2Y
Data Quality
Data: MediumCrusoe's equity offers limited upside over 2 years given the high current valuation ($23.6B) and expected dilution from a $3B pre-IPO round.
Last updated: July 3, 2026
Crusoe's pre-IPO round at $30B valuation drives exit value to $30B, a 27% gain before 20% dilution for subsequent raise. IPO within 2 years provides liquidity.
Revenue growth slows, exit multiple compresses to 15x 2028 revenue of $1.1B, yielding $16.6B exit. Dilution from $3B raise further reduces upside.
Competition from big tech and operational setbacks pressure multiple to 10x, exit value $11B. Preference stack at $4.1B limits common recovery, but no wipeout.
Preference Stack Risk
moderateFunding Intensity
1750%Total funding $4.14B vs valuation $23.62B, so 1x preference covers 17.5% of exit value.
Dilution Risk
highPlanned $3B pre-IPO round could dilute existing holders by ~10% if at $30B pre, but larger if at lower valuation.
Secondary Liquidity
moderateCurrent valuation based on secondary trades, but liquidity is limited for employees.
Cloud Engineering — 50 roles
- Senior Site Reliability Engineer, Managed AI · San Francisco, CA - US
- Capacity Planning Manager · San Francisco, CA - US
- Director of Engineering, Cloud Availability · Dublin - IE
- +47 more →
Digital Infrastructure Group (DIG) — 47 roles
- Area Project Controls Manager (SF) · San Francisco, CA - US
- Campus Project Controls Manager (SF) · San Francisco, CA - US
- Commercial Operations Cost Manager (SF) · San Francisco, CA - US
- +44 more →
Manufacturing (MFG) — 31 roles
- CNC Operator · Arvada, CO - US
- CNC Operator, 2nd Shift · Arvada, CO - US
- CNC Operator, Weekend Shift · Arvada, CO - US
- +28 more →
People — 30 roles
- Director, Administration - Executive Operations · San Francisco, CA - US
- Director, Employee Success - Real Estate · San Francisco, CA - US
- Director, Workforce Housing & Data Center Workplace Operations · Dallas, TX - US (Remote)
- +27 more →
Cloud Go-To-Market (GTM) — 24 roles
- Customer Engagement & Training · Sunnyvale, CA - US
- Customer Success Manager · San Francisco, CA - US
- Customer Success Manager · Denver, CO - US
- +21 more →
Product and Design — 16 roles
- Group Product Manager, Bare Metal as a Service (Seattle) · Bellevue, WA - US
- Group Product Manager, Bare Metal as a Service (SF, Sunnyvale, New York) · San Francisco, CA - US
- Group Product Manager, Security and Compliance · San Francisco, CA - US
- +13 more →
Accounting and Finance — 15 roles
- Cost Accountant · Denver, CO - US
- Cost Accountant · Tulsa, OK - US (1)
- Director of Internal Audits · Denver, CO - US
- +12 more →
IT, Compliance, and Security — 11 roles
- Atlassian Cloud Engineer · San Francisco, CA - US
- Senior API Integration Engineer · San Francisco, CA - US
- Senior Data Integration Engineer, IT · Sunnyvale, CA - US
- +8 more →
Power Infrastructure — 11 roles
- Construction Engineer, Power Infrastructure · Denver, CO - US
- Control Room Operator · Abilene, TX - US
- Electrical Project Development Engineer · Denver, CO - US
- +8 more →
Procurement and Sourcing — 9 roles
- Category Manager - Mechanical · San Francisco, CA - US
- Category Manager - Mechanical · Bellevue, WA - US
- Category Manager - Mechanical · Denver, CO - US
- +6 more →
Marketing — 8 roles
- Content Marketing Manager · San Francisco, CA - US
- Digital Marketing Intern: Digital Experimentation & Insights, Summer 2026 · San Francisco, CA - US
- Lead Copywriter · San Francisco, CA - US
- +5 more →
Real Estate (DIG) — 8 roles
- Commercial Energy Development Associate · San Francisco, CA - US
- Director, Revenue Operations - Real Estate & Infrastructure · San Francisco, CA - US
- Electrical Engineer, Load Interconnection · Denver, CO - US
- +5 more →
Strategic Finance and Corporate Development — 7 roles
- Analyst, Capital Markets and Formation · San Francisco, CA - US
- Analyst, Corporate Development · San Francisco, CA - US
- Analyst, Investor Relations · San Francisco, CA - US
- +4 more →
Environmental, Health and Safety (EHS) — 6 roles
- Data Center Construction Safety Manager · Cheyenne, WY - US
- DC Operations & Deployments EHS Safety Manager · San Francisco, CA - US
- Health, Safety, and Environmental (HSE) Manager, Power Operations · Abilene, TX - US
- +3 more →
Business Operations — 4 roles
- Business Operations Manager - Spark · Denver, CO - US
- Data Center Systems Engineer (MDC) · Denver, CO - US
- Manager, Field Operations (Modular Data Centers) · Denver, CO - US
- +1 more →
Data Center Operations (DIG) — 4 roles
- Data Center Design Engineer · Dublin - IE
- Director of Engineering & Reliability (SF, Dallas) · San Francisco, CA - US
- Director of Physical Security & Compliance · San Francisco, CA - US
- +1 more →
Energy Innovation and Commercialization — 3 roles
- Director, Energy Innovation and Commercialization · San Francisco, CA - US
- Director, Energy Innovation and Commercialization · Dallas, TX - US (Remote)
- Director, Energy Innovation and Commercialization · Denver, CO - US
Public Affairs and Sustainability — 3 roles
- Director, State Policy · Denver, CO - US
- Manager, Local Community Engagement Liaison · Amarillo, TX - US
- Manager, Local Community Engagement Liaison · Abilene, TX - US
Legal — 2 roles
- Legal Counsel, Real Estate Finance · San Francisco, CA - US
- Senior Transactional & Corporate Paralegal · Denver, CO - US
Last updated: February 22, 2026
Questions to Ask at the Interview
Strategic questions based on Crusoe's data — designed to show you've done your homework.
- 1
“How does Crusoe's vertical integration protect it from hyperscaler competition in the next 2 years?”
- 2
“What is the company's plan to fund its capital-intensive expansion without excessive dilution?”
- 3
“Given the negative expected equity return, what is the retention strategy for key hires until liquidity?”
Community
Valuation Sentiment
Our model estimates -49% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.