Blue Origin · Donald Trump · U.S. · CNBC Technology
Blue Origin's first outside funding round is 'oversubscribed' and not closed yet, CEO confirms
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Blue Origin CEO Dave Limp said the company's first-ever outside capital raise is not closed yet and is drawing heavy investor interest, describing the funding round as "oversubscribed.
Key facts
- Last week, the Wall Street Journal reported that the company had already raised $10 billion at a valuation of $140 billion
- Project Sunrise, disclosed in March, would deploy a staggering sum of about 56,000 satellites capable of handling artificial intelligence computing from space
- The 26-year-old space company, which was started by Bezos, has been fully funded by the Amazon founder up until now
- Early last year, Blue Origin's powerful New Glenn reached orbit on its first flight, and last fall, landed its booster on the second mission
Summary
"The reporter is so amazed the investor community embraces space this much. … They know that space is kind of infinite and the possibilities of putting commercial things in space, and it is a testament to the tailwind of raising this round," Limp said at the Trump administration's "Hello, America" tech summit in Washington, D.C., on Tuesday. Last week, the Wall Street Journal reported that the company had already raised $10 billion at a valuation of $140 billion. Limp did not confirm the final numbers or how much Bezos has invested. The 26-year-old space company, which was started by Bezos, has been fully funded by the Amazon founder up until now.