Blue Origin is looking to cash in on the recent hype around ******* e stocks, following ******* eX's IPO last month. Jeff Bezos' rocket company is raising $10 billion, NYT Dealbook reported Wednesday, as Blue Origin plans to ramp up operations while playing an increasingly-critical role in NASA's upcoming missions. ******* e stocks were mixed early Wednesday.
Blue Origin aims to raise $10 billion for a pre-money valuation of $130 billion, according to the New York Times. ******* et management firm Coatue Management is expected to lead the round with a $4 billion commitment. Bezos will personally contribute $2 billion.
The round would mark the first fundraise from outside investors in Blue Origin's nearly 26-year history.
Meanwhile, ******* ysts predict Blue Origin could spend nearly $5 billion this year as it ramps up launches and heavy infrastructure investments, the Financial Times previously reported. Blue Origin has spent about $28 billion since its inception.
The move comes on the heels of ******* eX (SPCX)'s IPO in early June, which raised $85 billion at a nearly $2 trillion valuation. However, Blue Origin is reportedly not yet considering a public debut.
Blue Origin aims to raise $10 billion for a pre-money valuation of $130 billion, according to the New York Times. ******* et management firm Coatue Management is expected to lead the round with a $4 billion commitment. Bezos will personally contribute $2 billion.
The round would mark the first fundraise from outside investors in Blue Origin's nearly 26-year history.
Meanwhile, ******* ysts predict Blue Origin could spend nearly $5 billion this year as it ramps up launches and heavy infrastructure investments, the Financial Times previously reported. Blue Origin has spent about $28 billion since its inception.
The move comes on the heels of ******* eX (SPCX)'s IPO in early June, which raised $85 billion at a nearly $2 trillion valuation. However, Blue Origin is reportedly not yet considering a public debut.
2 months ago
