Mutual fund giant Fidelity wrote down the value of its shares in Twitter/X by another 8% during the month of September, according to a new disclosure.
By the numbers: Fidelity, which contributed over $300 million to Elon Musk's $44 billion takeover, decreased the value of its investment by nearly 65% over the first eleven months.
The funding environment for climate tech has vastly improved from a decade ago, but there's still a huge gap left between early de-risking by venture capitalists and later-stage project financing.
Why it matters: Governments and large corporations — including Big Oil — will be needed to help fill that gap, panelists told me onstage Thursday at a New York Stock Exchange event.
