Bezos' Blue Origin valued at $130 billion in first outside fundraising round
Jeff Bezos' space company Blue Origin is raising outside capital for the first time, in a round that values the rocket firm at $130 billion. Sources told CNBC it is the company's highest valuation to date. The round points to continued investor appetite for private space ventures.
Blue Origin, the rocket company founded by Jeff Bezos, is raising outside capital for the first time. According to sources cited by CNBC, the round values the company at $130 billion, its highest valuation to date.
The firm has until now been financed largely by Bezos himself, and its move to bring in outside investors reflects rising competition and capital needs in the sector. Blue Origin is running costly programmes including New Glenn launches and lunar work.
Analysts cited by the network said fresh capital could help accelerate the company's launch cadence. The valuation places it on a level comparable with leading privately held rivals in the space market.
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