Jeff Bezos Put $2 Billion of His Own Money Into Blue Origin's Funding Round
The arrival of billions in outside institutional capital may be the strongest signal yet that the commercial space industry is entering a new phase.
Overview
I don't think the world should get carried away by this headline. Jeff Bezos writing a $2 billion check to his rocket company, Blue Origin, sounds like a titanic show of faith, and the press dutifully treated it that way. But $2 billion is less than 1% of Bezos' fortune. For a man worth a quarter-trillion dollars, that's equivalent to the average person spending a couple of hundred dollars on high-end concert tickets.
This isn't a "founder bets big on himself" narrative. Still, this news should genuinely be considered bullish.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.