#BlueOriginLaunches10BillionFundingRound

Blue Origin's Biggest Move Yet-Is the Space Race Entering a New Era? I caught wind of the fact that Blue Origin is initiating its very first round of outside fundraising. It's been privately funded over two decades of existence by Jeff Bezos's cash and now they’re seeking to raise ten billion bucks on the company's value of over one hundred thirty billion dollars. I see this as a clear sign that the industry is now evolving to a stage when the capacity and volume are starting to grow just as rapidly as the actual technology itself does. Those funds will be used to accelerate the manufacturing of their New Glenn rocket, and also to advance their Orbital Reef project-that’s not exactly small aspirations! If the both these projects succeed they’re definitely gonna be a bigger player in space exploration. That is from an investor's standpoint how these different industries -such as A.I, crypto, blockchain, but more particularly aerospace- is moving towards those companies who believe in this notion of long term innovation, because one day these industries are gonna be extremely different than what they are now. This valuation is still certainly not a cheap one -hundred and thirty million is going to carry with it, tremendous expectations from all investors so they will have to execute in a big way on announcing and on product, not announcing more new technologies, not more new designs but actually execution on getting things into orbit. And they’ve got a long way to go in order to catch up, SpaceX is going to continue have its lead when it comes to rocket launches, re usability and of course commercial deals. I actually really think it's better to have two big competitors and I'm sure that SpaceX thinks this too because you know we will get faster and better technologies for the industry. So it's going to be really fascinating to see over the next few years who wins out over whom. Not directly a crypto story but it looks like when industries move fast all of them kind of start moving together, capital is flowing into anything that you believe's gonna be changing industries a big way and aerospace is now that industry now that this huge investment is being made by Blue Origin do you think there will be more competition to Space X and will they lose the edge to the world of private space travel?#SpaceInnovation #GateSquare