After 25 years of writing the cheques himself, Bezos is opening Blue Origin to outsiders
Dave Limp told an all-hands meeting that external funding is now on the table, weeks before SpaceX is expected to price the largest IPO in history at $1.75tn. The launch-cadence target is 100 a year. The cumulative bill so far is roughly $28bn.
Blue Origin is preparing to take outside money for the first time in its 25-year history. Chief executive Dave Limp told employees at a recent all-hands meeting that hitting the company’s launch-cadence targets would take more capital than a single backer could reasonably provide, and that external funding was now an option on the table, according to two attendees cited by the Financial Times.
The timing is not subtle. SpaceX is targeting a June listing at a $1.75tn valuation, which would be the largest IPO in history, slightly ahead of Saudi Aramco. The S-1 was filed confidentially on 1 April under the codename Project Apex.
Reuters...
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