What Happened
Bezos' Space Venture Eyes Outside Capital For Ambitious Projects
Blue Origin is planning to raise $10 billion in its first outside investment, led by Coatue Management, to support its ambitions in launch services and satellite constellations. The company, founded by Jeff Bezos, has been funded by his personal wealth until now. The investment round values Blue Origin at $130 billion and may accelerate its projects, including the New Glenn launch vehicle and satellite constellations. This development was first reported by The New York Times and confirmed by Blue Origin CEO Dave Limp in a memo to employees, as seen by SpaceNews.