- Jeff Bezos’ Blue Origin is raising $10 billion, in its first outside funding round that will value the rocket company at $130 billion.
- The funding round comes hot on the heels of a blockbuster IPO by Elon Musk’s SpaceX last month.
- Blue Origin competes in many of the same markets as SpaceX, including heavy-lift rockets and lunar landers.
- Bezos is set to contribute $2 billion into the round, along with about $4 billion from hedge fund Coatue Management, according to people familiar with the matter, who asked not to be named because the details are private.
- The remaining $4 billion has seen significant demand, with several major investors expected to participate, the people said.
- The funding round comes hot on the heels of a blockbuster IPO by Elon Musk’s SpaceX
- last month. SpaceX raised nearly $86 billion, including the underwriters’ option, making it the largest IPO on record and minting Musk a trillionaire. The company is now valued at about $2 trillion.
Wednesday, July 8, 2026
==Blue Origin valued at $130 billion in first public fundraising round
Friday, July 3, 2026
==Madison Square Garden Sports (MSGS) and Madison Square Garden Entertainment (MSGE)
Thursday, July 2, 2026
==Nu Holdings Ltd. (NU) : 5-year performance
Nubank (also known outside Brazil as Nu) is Latin America's largest digital bank and fintech company, serving over 135 million customers across Brazil, Mexico, and Colombia. Headquartered in São Paulo, Brazil, it operates entirely through a mobile app, offering no-fee credit cards, digital accounts, personal loans, and investments.
Core Offerings and Features
Nubank was designed to disrupt traditional Latin American banking by eliminating account maintenance fees, cutting out physical branches, and using data-driven artificial intelligence to provide rapid approvals and strong customer support.
- Digital Accounts: Features high-yield daily liquidity and digital transfer options like Pix in Brazil.
- Credit Cards: Initially launched as a no-annual-fee credit card, it acts as a primary entry point for millions of unbanked and underbanked individuals.
- Other Services: Personal loans, life insurance, SME business accounts, and investment products.
Growth and Expansion
Founded in 2013 by David Vélez, Cristina Junqueira, and Edward Wible, Nubank has become one of the fastest-growing and most valuable financial institutions in emerging markets.
Subscribe to:
Posts (Atom)