Jeff Bezos Waited to Open Blue Origin to Outside Investors for 1 Reason. Now His Moonshot Faces a New Risk
Investors are betting on Blue Origin. An industry expert says that could complicate Bezos’s long-term ambitions.
Elon Musk and Jeff Bezos, the two richest men in the world, have long been rivals in the space industry. Recently, Bezos revealed that he has invested $28 billion of his own money into Blue Origin, his spaceflight company. In response, Musk posted a "Bravo!" on X, expressing his admiration for Bezos' dedication to space exploration.
Both men have clashed over various issues in the past, from launchpads and government contracts to patents and talent acquisition. However, they have also shown admiration for each other's work. Musk has previously mocked Bezos to push him to work harder, and this praise might have been a way to encourage Bezos' commitment to Blue Origin.
Bezos, who stepped down as Amazon CEO in 2021 but remains its executive chair, stated that Blue Origin had successfully raised over $10 billion in its first external funding round. He expressed confidence in the company's financial future and mentioned that an IPO is several years away.
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