Blue Origin's First External Funding Round Not Yet Closed, CEO Says It's 'Oversubscribed'
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Blue Origin CEO Dave Limp stated at the Trump administration's 'Hello, USA' tech summit in Washington D.C. that the company's first-ever external funding round has not yet closed but is attracting significant investor interest, describing it as 'oversubscribed.' Limp expressed surprise at the high level of investor acceptance of the space industry, noting that investors recognize the near-infinite potential of commercial activities in space, which he said explains the round's success. The Wall Street Journal reported last week that the company has raised $10 billion at a $140 billion valuation, with founder Jeff Bezos contributing $2 billion in this round and having invested a cumulative $30 billion since the company's founding in 2000. Limp did not confirm the final amount or Bezos's specific investment.
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Blue Origin CEO Dave Limp announced that the company's first-ever external funding round has not yet closed, but is attracting significant investor interest, describing the round as "oversubscribed."
"I am very surprised at how receptive the investor community has been to the space industry... They know that space is nearly infinite, and there are limitless possibilities for deploying commercial ventures in space. This fully demonstrates why this funding round has gone so smoothly," Limp said Tuesday at the Trump administration's "Hello, America" technology summit in Washington, D.C.
According to a report from The Wall Street Journal last week, the company has raised $10 billion at a valuation of $140 billion. The report also indicated that Jeff Bezos contributed $2 billion to this funding round, bringing his total investment in the company to $30 billion since its founding in 2000.
Limp did not confirm the final amount or the specific figure of Bezos's investment.
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domesticNeutral / independent
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Blue Origin Valuation Reaches $140 Billion in First External Funding Round