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.
Amazon's Jeff Bezos, the founder of Blue Origin, announced on Tuesday that the space company will no longer be solely backed by him and is seeking external investors. Bezos, who has invested US$30 billion in Blue Origin since its inception, confirmed this development at an event in Washington, D.C., following earlier reports.
The company aims to raise US$8 billion in outside capital, according to US media reports. Despite both Blue Origin and SpaceX being founded in the early 2000s, SpaceX has gained a significant lead in the billionaire-backed space race. SpaceX CEO Elon Musk's company successfully completed a historic stock listing in June, raising $85.7 billion and achieving a valuation of $1.77 trillion.
Blue Origin, on the other hand, is now striving to catch up by targeting various space endeavors. The company aims to compete with SpaceX by sending data centers into space and transporting astronauts to the Moon as part of NASA's Artemis program.
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