Amazon founder Jeff Bezos broke a 25-year streak by seeking its first-ever external funding round to raise $10 billion for his rocket company, Blue Origin, at a $130 billion pre-money valuation. Coatue Management is expected to lead the funding round with a $4 billion commitment, while Bezos himself plans to contribute another $2 billion.
In recent years, Bezos sold Amazon shares worth billions of dollars to bankroll his rocket company. However, the announcement of a funding round marks a major strategic shift in Blue Origin's history. It also indicates that building next-gen space infrastructure is becoming too expensive even for the wealthiest people on the planet.
