Last mentioned: 16h ago
Anticipated Deployment
Expected increase in stake sizes for OpenAI and SpaceX ahead of rumored public filings.
IPO Window
Market analysts project potential IPO dates for major Thrive portfolio companies.
$3B Investment
Humain commits $3 billion to xAI to fuel model development.
SpaceX Acquisition
Elon Musk announces the acquisition of xAI by SpaceX to integrate AI into aerospace operations.
Fund Closure
Thrive Capital officially closes Thrive X at $10 billion, marking a record for the firm.
Humain Established
Crown Prince Mohammed bin Salman creates Humain to lead Saudi AI investments.
Previous Fund Cycle
Thrive Capital operates with a significantly smaller flagship fund, focusing on early to mid-stage AI bets.
xAI has secured a $3 billion Series E investment from HUMAIN, a strategic move that bolsters the AI company's valuation ahead of its anticipated merger with SpaceX. This capital injection is set to accelerate xAI's infrastructure development and integration into the broader Musk-led ecosystem.
As hypergrowth firms like OpenAI and SpaceX delay public listings to avoid regulatory scrutiny, retail investors are turning to specialized proxy funds for exposure. These investment vehicles aim to capture late-stage private growth that was previously reserved for venture capital and institutional players.
Elon Musk's xAI has secured a $3 billion investment from Humain, a Saudi Arabian AI firm established by Crown Prince Mohammed bin Salman. The capital injection occurred immediately prior to xAI's strategic acquisition by SpaceX, marking a significant consolidation of Musk's AI and aerospace interests.
Thrive Capital has closed a record-breaking $10 billion venture fund, Thrive X, significantly expanding its capacity to back late-stage leaders in artificial intelligence and space technology. The massive capital injection is strategically timed to capitalize on anticipated public market debuts for industry titans like OpenAI and SpaceX.