Bezos’ Blue Origin Valued At $130 Billion
The post Bezos’ Blue Origin Valued At $130 Billion appeared on BitcoinEthereumNews.com. Topline Blue Origin raised outside capital in its first-ever funding round, valuing the company at $130 billion, according to multiple reports on Wednesday, as Jeff Bezos’ rocket company seeks to challenge SpaceX. The valuation follows a record-setting debut for Elon Musk’s rocket maker. Copyright 2021 The Associated Press. All rights reserved. Key Facts Blue Origin raised $10 billion in the funding round, $4 billion of which comes from Coatue Management and $2 billion from Bezos himself, while the remaining $4 billion is expected from other institutional investors, the New York Times reported. Several investors are expected to participate in the remaining $4 billion, drawing significant demand, according to CNBC, citing people familiar with the matter. Prospective investors are interested in Blue Origin’s future projects, including TeraWave, the company’s satellite communications network that was u