American tech executive, CEO of Blue Origin
Blue Origin has opened talks to raise $10 billion at a $130 billion pre-money valuation, marking the firm's first major external fundraising since its 2000 founding. Coatue Management is expected to lead with a multibillion-dollar commitment; Jeff Bezos is set to add several billion. The move follows May's New Glenn explosion and ongoing recovery work.
Amazon has reached a milestone with a satellite constellation of over 390 satellites, enabling initial Leo internet service later this year. The launch cadence faces delays from recent rocket setbacks, but the company plans broader coverage as more satellites go online.