What Happened
Blue Origin, the space company founded by Jeff Bezos, is reportedly seeking to raise $10 billion in external funding. This marks the first time the company has opened itself to outside investors after 25 years of being self-funded. The fundraising effort is reportedly aiming for a valuation of $130 billion.
This valuation is noted to be more than twice the valuation of competitor Rocket Lab. The news of the potential funding round was reported by multiple outlets, citing internal communications and reports.
The company's decision to seek external funding at this valuation signifies a new phase for Blue Origin, which has historically relied on Bezos's personal investment.
Key Facts
- 1
Blue Origin is seeking to raise $10 billion in external funding.
- 2
This is the first time Blue Origin is seeking outside investment.
- 3
The company has been self-funded for 25 years.
- 4
Blue Origin is reportedly aiming for a $130 billion valuation.
- 5
This valuation is more than double that of Rocket Lab.
