Billionaire Josh Kushner's Venture Firm Invests In San Francisco Giants—Its First Sports Bet

BreakingInnovationBillionaire Josh Kushner's Venture Firm Invests In San Francisco Giants—Its First Sports BetByAlicia Park,Reporter. I cover markets and tech.Follow AuthorApr 24, 2026, 02:29pm EDTApr 24, 2026, 02:39pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineThrive Capital, a venture firm founded by Joshua Kushner known for early investments in OpenAI and SpaceX, has reached an agreement to take a minority stake in the San Francisco Giants, Kushner announced Friday—the first investment from Thrive Eternal, a new subsidiary designed to invest in cultural assets. Brett Wisely of the San Francisco Giants bats in a game against the Los Angeles Dodgers. (Photo by Thearon W. Henderson/Getty Images)Getty ImagesKey FactsThe investment—subject to approval by Major League Baseball—is a minority, noncontrolling stake, according to the Wall Street Journal (Further financial terms were not disclosed). Beginning with this investment, Thrive Eternal will operate as a holding company with no set exit timeline in franchises and cultural institutions the firm believes technology cannot replicate, it said. Former Walt Disney CEO Bob Iger, who rejoined Thrive as an adviser on Thursday after a brief stint as a venture partner in 2022, is expected to be closely involved with Thrive Eternal, according to Bloomberg. In a post on X, Kushner framed the strategy as a bet that cultural assets will become even more valuable as technology and artificial intelligence advances—marking a new venture for the firm known for its technology investments. Thrive is one of OpenAI's largest outside shareholders and has also backed Instagram, Stripe, Databricks, coding startup Cursor and cybersecurity firm Wiz, which Google acquired for $32 billion last month in the largest deal in Google's history.Forbes estimates the San Francisco Giants generated $477 million in revenue during the 2025 season and are w...