Bezos no longer sole backer as Blue Origin seeks external investors
The space company is seeking to raise US$8 billion in outside capital, expanding beyond sole backing from Amazon founder Jeff Bezos.
Blue Origin, the space company founded by Amazon's Jeff Bezos, announced on Tuesday that it will no longer be solely backed by its founder. The company is raising external capital for the first time, aiming to secure US$8 billion, according to US media reports. Bezos has invested a total of US$30 billion in Blue Origin since its inception, as reported by the Wall Street Journal.
The company is seeking to catch up with its rival, SpaceX, which recently achieved a historic stock listing in June, raising an impressive $85.7 billion and achieving a valuation of $1.77 trillion. SpaceX's success has propelled it ahead of Blue Origin in the billionaire-backed space race.
Blue Origin is now vying to compete with SpaceX in sending data centers into space and transporting astronauts to the Moon as part of NASA's Artemis program.
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- Bezos no longer sole backer as Blue Origin seeks external investors freemalaysiatoday.com
