Thrive Capital has raised $10B for its largest fund to date

Josh Kushner's Thrive Capital has raised more than $10 billion for Thrive X, the largest fund of its kind, giving the company more capital to target opportunities in AI, robotics, aerospace and life sciences.

The new fund will be double the size of the previous fund and aims to allocate $1 billion to start-up enterprises and $9 billion to growth-stage opportunities, according to an announcement on Tuesday.

In the year Founded in 2009, Thrive Capital specializes in high-growth disruptors in technology, media and software. The company uses a focused strategy by investing heavily in specific companies to build strong partnerships with founders.

Its portfolio includes major names like SpaceX, OpenAI and Stripe, which are now among the world's most valuable private companies.

SpaceX, led by Elon Musk, entered the portfolio at a valuation of $38 billion. Following its merger with xAI, the rocket maker became the world's most valuable private company at $1.25 trillion.