Blue Origin may need external funding to hit ambitious launch targets
Are the pockets of Jeff Bezos not as deep as everyone thinks?
Blue Origin is weighing its first external fundraising as part of a push by Jeff Bezos’ rocket venture to hit ambitious launch targets and tap investor appetite boosted by SpaceX’s upcoming initial public offering.
Chief Executive Dave Limp told employees at a recent all-hands meeting that the company would require outside investment if it were to significantly increase its launch cadence, according to details of the meeting from two people who attended.
He said it would “take a lot of capital” to achieve the number of rocket launches Blue Origin has targeted—more money than would be available with “just one investor,” the people added.