Jeff Bezos Put $2 Billion of His Own Money Into Blue Origin's First Outside Funding Round
Yahoo Finance ·
Since setting up Blue Origin 26 years ago , Jeff Bezos has invested a total of $30 billion in his space company, or roughly $1 billion per year. Last month, he doubled that, putting $2 billion into Blue Origin. Jeff Bezos, Executive Chairman of Amazon. Image source: Amazon.com. Analysts estimate that Blue Origin will spend $4.8 billion on capital investment this year as it rebuilds its Cape Canaveral launch pad (destroyed when a New Glenn rocket blew up during engine testing in May ), and conducts tests to determine why the rocket exploded -- and make sure it will not happen again. At the rate Blue Origin is spending money, the $1 billion (or $2 billion) a year Bezos has been feeding into the fire will no longer do the trick. And so Bezos has decided to seek outside investors.
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