"He said the company needed to be "ready for external funding" and he was confident in strong interest from outside investors."
"Bezos, who founded Blue Origin in 2000, is the company's sole shareholder and its primary source of financial backing. He has largely used the sale of Amazon stock-he owns nearly 9 percent of the group, according to proxy filings-to fund the rocket maker."
"Blue Origin is spending heavily as it scales operations including building an 800,000 sq ft manufacturing facility and a second launch pad in Florida. It is also investing in the testing and development of its reusable rocket booster and orbital upper stage."
"Blue Origin's CEO in April said the group was planning between eight and 12 launches in total this year with New Glenn. A target of 14 launches had earlier been shared with employees internally. He said the group had a longer-term goal of hitting 100 launches a year, with a significant portion of these expected to help build out its TeraWave satellite communications network for business customers."
Blue Origin is scaling operations with large capital outlays, including an 800,000 sq ft manufacturing facility and a second Florida launch pad. The company is also investing in testing and development for a reusable rocket booster and an orbital upper stage. Analysts estimate spending of about $4.8 billion this year and nearly $28 billion since inception, with recent cost increases driven by inflation and competition for talent. Bezos, the sole shareholder and primary financial backer, has funded the company largely through sales of Amazon stock. The CEO expects eight to 12 New Glenn launches this year, with a longer-term goal of 100 launches annually, including launches supporting the TeraWave satellite communications network for business customers. External funding readiness and a possible future IPO were also mentioned.
Read at Ars Technica
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