"Bob leads with boldness and conviction because he knows what he is building and why. He is rejoining Thrive at a time when that kind of leadership matters most," Thrive's founder Josh Kushner posted on X.
Japanet Holdings has quadrupled its venture capital fund to $200 million after early investments through Pegasus Tech Ventures in Anthropic, xAI, SpaceX, and OpenAI generated extraordinary paper returns.
"If AI companies are unable to increase revenues with lightning speed, they won't be able to service their massive debt loads. And because of shady accounting strategies, the first big stumble will have everyone running for the exits, potentially triggering destabilizing losses in the financial sector and another 2008-style financial crisis."
Musk holds approximately 42% of SpaceX's equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing.
Polymarket is reportedly in advanced talks to raise approximately $400 million in new funding at a post-money valuation of roughly $15 billion, according to a report published by The Information. The round has not been finalized, meaning terms could still change.
The New Glenn's payload was AST SpaceMobile's BlueBird 7 satellite, which is part of a constellation the space-based internet provider is building to deliver broadband internet to smartphones on Earth.
Cursor is nearing a funding round of at least $2 billion, with returning investors Thrive and Andreessen Horowitz expected to lead the financing at a $50 billion valuation. The deal terms are not final and may still change.
