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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Jeff Bezos' $30B Blue Origin Bet Is Now Worth $140B as He Takes on Elon Musk's SpaceX

Bezos’s New Glenn rocket deployed a NASA spacecraft and landed its booster, but an April failure left a satellite in the wrong orbit. (Photo: BLUE ORIGIN)

Jeff Bezos has poured $30 billion into Blue Origin since the year 2000. Now the space company is valued at $140 billion, compelling markets to wonder whether its biggest transformation is finally beginning.

Now, after 26 years of funding Blue Origin largely himself, Bezos is opening the company to outside investors and betting billions more, hoping it can finally close the gap with Elon Musk's SpaceX.

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