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In the billionaire ****** e race, Jeff Bezos is no longer flying solo.
His rocket company Blue Origin is taking outside funding for the first time in its quarter-century life, to the tune of $10 billion, DealBook reported last week. The Amazon founder himself is expected to contribute $2 billion, and ****** et manager Coatue Management is planning to hand over $4 billion. Another $4 billion is set to come from large institutional investors. The funding round finally gives Blue Origin a valuation: $130 billion.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure
In the billionaire ****** e race, Jeff Bezos is no longer flying solo.
His rocket company Blue Origin is taking outside funding for the first time in its quarter-century life, to the tune of $10 billion, DealBook reported last week. The Amazon founder himself is expected to contribute $2 billion, and ****** et manager Coatue Management is planning to hand over $4 billion. Another $4 billion is set to come from large institutional investors. The funding round finally gives Blue Origin a valuation: $130 billion.
Sign up for The Daily Upside at no cost for premium ****** ysis on all your favorite stocks.
READ ALSO: CEO Says Volkswagen May Double Layoffs to 100,000 Amid Sagging Profit and Diamond Giant De Beers to Shutter Largest Mine Under Mounting Pressure
4 months ago
