Aggregator

Bezos' Blue Origin Seeks $10 Billion In First-Ever Outside Funding Round

Fresh off Elon Musk's SpaceX IPO, it appears that, for the first time, Blue Origin is preparing to raise outside capital in a deal that would value Jeff Bezos' rocket company at about $130 billion.

Andrew Ross Sorkin, financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box, wrote in a DealBook report, "I've got a scoop on Blue Origin closing in on a big fund-raising round, which is expected to value Jeff Bezos' spaceflight company at about $130 billion."

"It would be the first time that outside investors buy a piece of Blue Origin in its 25-year history," Sorkin said.

Blue Origin is seeking $10 billion in a new funding round, with Coatue Management expected to lead with a $4 billion commitment. Bezos is preparing to contribute $2 billion, while the remaining $4 billion is expected to come from outside investors.

The fundraising would give Blue Origin a $130 billion valuation as it ramps up spending and tries to narrow the gap with SpaceX - yet that gap remains massive in terms of launch capacity.

In recent days, NASA Administrator Jared Isaacman said investigators have found that a "potential engine issue" was the cause of the catastrophic Blue Origin New Glenn rocket explosion that damaged part of a launch pad at Cape Canaveral on May 28.

Here's our video of the explosion at Launch Complex 36. It happened about 9 pm ET (0100 UTC) as Blue Origin was beginning a static fire test of its New Glenn rocket.

Watch live views: https://t.co/tm2wZQmAVD pic.twitter.com/PmbgQC6Qmq

— Spaceflight Now (@SpaceflightNow) May 29, 2026

Blue Origin has relied heavily on Bezos' personal wealth for years, including proceeds from Amazon stock sales. Bringing in outside money will accelerate spending and allow for more competition in America's space race, which the Trump administration has said is necessary to create a robust space industry.

Musk's SpaceX went public last month and raised $85 billion. SpaceX is now valued at nearly $2 trillion, despite a pullback in shares, currently trading around $150 in the premarket session.

A flurry of Wall Street analysts are turning incredibly bullish on SpaceX, with 12-month price targets ranging from Raymond James' $800 to Arete Research's $401 and Morgan Stanley's $300. That's because SpaceX has a launch moat that will be maintained for years - its launch capacity surpasses not just Bezos' rocket company, but entire nation states such as China and Russia combined. Read the report.

Tyler Durden Wed, 07/08/2026 - 13:45

The high-flying incident took place on a July 27, 2024, flight from Sun Valley, Idaho, to Washington, D.C.

The high-flying incident took place on a July 27, 2024, flight from Sun Valley, Idaho, to Washington, D.C.

France tops the betting board as we head into the quarterfinals at the World Cup.

The exes reportedly split after nearly three years of marriage.

The exes reportedly split after nearly three years of marriage.

Podcaster Joe Rogan defended wrestler Josh Hokit’s controversial Michelle Obama remark at the White House’s UFC event last month – saying “I don’t agree with it…But I get it and it’s smart.”

The new doc uncovers the explosive true story of Jordan Belfort’s meteoric rise and stunning fall.

The unusual residence has become a local landmark thanks to its medieval-inspired design, complete with stone walls, turret-style towers, arched windows, and an entrance resembling a drawbridge.

Justin Verlander is calling it a career.

The Great Migration: What The Dow-To-Gold Ratio Is Telling Us

Authored by Bryan Lutz, Editor at Dollarcollapse.com,

It takes about 13 ounces of gold to buy the Dow Jones Industrial Average. The Dow-to-gold ratio prices the entire American stock market. And it does it in the one currency no central bank can print. Over the past century, it tells the same story.

It measures when the US stock market is overvalued… when it’s promising too much.

And there are a lot of promises that don’t look as good as they should these days.

A bond pays only if the issuer stays solvent.

A dollar holds its value only if the people who print it show restraint.

Yet, tangible wealth answers to no one. An ounce of gold is worth an ounce of gold whether a single counterparty keeps their word, which is what makes gold an honest denominator in the Dow-to-Gold ratio.

The ratio goes up, and it comes down. During the great manias of the twentieth century, paper looked invincible: 18 ounces to buy the Dow in 1929, 28 in 1966, 41 at the top of the dot-com boom in 2000. Then the tide went out, bubbles popped and the markets turned to commodities over equities.

As the ratio goes down, eventually it hits a bottom.

The same Dow cost almost nothing in metal, barely 2 ounces in 1932 and close to a single ounce in 1980. So, greed priced the top. Fear, and sound money, priced the bottom.

A century in one line:

Every peak in paper has been repriced in gold.

Each top marked a moment the market trusted claims more than the things behind them, and each was followed by a long migration back toward metal that ran for years, not months.

Here is where we correct the record. The move off the 2000 top has been anything but tidy. The ratio fell to roughly 6 by 2011, then the long everything-rally, cheap money layered on cheap money, hauled it back above 19 by 2021. The 2026 equity melt-up has lifted it again, to about 13, even with gold sitting near record highs.

The same story, up close:

However, the long-term trend since 2000 points down. The path has been a bit of a switchback. Anyone waiting for a clean glide toward gold got a decade of reversals instead, which is why we distrust anyone selling a date for gold.

Gold’s historic floor sits between 1 and 2 ounces. From 13, most of that move is still ahead, whenever the switchback resolves. In my opinion, this is not the time to wager a standard 60/40 portfolio as a wager that the denominator stays at or around 13. Stocks, and bonds are unlikely promise-keepers, and believing the dollar behind them holds is just as risky. The denominator is not sitting still. Every deficit the Treasury runs and every dollar the Fed prints wears down the promises the old 60/40 portfolio depends on. For most of the past forty years, it paid anyway. This time it will not.

“All roads, in other words, lead to trouble of some sort, which makes year-ahead asset allocation pretty easy: you just own everything that protects you regardless of which road gets traveled.”

~ John Rubino, The Money Bubble

After twenty-five years, the score still reads the same. Paper is expensive, and gold is patient.

Tyler Durden Wed, 07/08/2026 - 13:25

Stellar 10Y Auction Stops Through, With 3rd Highest Foreign Demand On Record

Following yesterday's stellar 3Y auction, moments ago - with yields surging to the highest level since mid-May - the Treasury completed the sale of $39BN in a 9 Year 10 Month reopening of 10Y cusip QQ7, in what was another spectacular auction.

The note sale, which priced just after 1pm ET, stopped at a high yield of 4.580%, up from last month's 4.538%, and stopped through the When Issued 4.586% by 0.6bps, the biggest stop through since Sept '25.

The bid to cover rose to 2.593 from 2.565, which was the highest BtC also since last September, and obviously well above the six-auction average of 2.46.

The internals were also some of the best on record: foreign buyers (i.e., indirects) were awarded 81.5% of the auction, up from 78.21% in June and the 3rd highest on record.

And with Directs sliding to 10.73%, the lowest since April 25, Dealers were left holding just 7.8%, down from 9.5% in June and the lowest since January.

Overall, this was an extremely strong auction, perhaps the best 10Y of 2026, and with yields surging today, it shows that not only retail traders, but bond investors are also willing to buy the dips. 

Tyler Durden Wed, 07/08/2026 - 13:24

The report details that Clark suffered a partially severed left arm and an open fracture on her right arm in the course of the "death roll."

Russia Bans Diesel Exports, Assuring Even Higher Prices

As was widely speculated in recent days, Russia banned exports of diesel in order to avoid domestic shortages after a flurry of attacks by Ukrainian drones on the nation’s refineries.

“Today we introduced ban on exports of diesel,” Deputy Prime Minister Alexander Novak said at the government’s meeting with President Vladimir Putin.

The decision will further squeeze global fuel markets, which are already under pressure due to the supply disruption caused by the Iran war. Russia's decision means that the recent surge in the diesel margins to record highs, which have completely disconnected with oil prices, are set to rise even more. 

Last year, Russia accounted for about 11% of global supplies of diesel, according to data compiled by Bloomberg from analytics firm Vortexa.

The logical corollary is what the DOE reported earlier today, namely that US product exports - which include diesel and other refined products - surged to a record high.

Exports of the fuel were previously banned only for traders and other sellers in Russia that don’t make their own fuel.

The diesel ban comes on top of existing restrictions on most shipments of gasoline and jet fuel. Russia has been struggling to ensure domestic oil-product supplies and to contain prices at the pump after drone attacks damaged several refineries. 

Ukraine’s intensified strikes pushed Russia’s crude-processing rates to multi-year lows. Many regions have been forced to impose some degree of fuel rationing because of the disruptions. 

Even before the ban, Russia’s diesel and gasoil exports were dropping significantly. During the first three weeks of June, its exports of diesel and gasoil averaged about 490,000 barrels a day, only slightly more than half of what the nation shipped to foreign markets in 2025, according to data compiled by Bloomberg from Vortexa.

Tyler Durden Wed, 07/08/2026 - 13:10

New season, new wardrobe!

A-Rod and his new flame, Meghan Hayden, mingled with Knicks center Karl-Anthony Towns and his fiancée Jordyn Woods while at Michael Rubin's Fourth of July party in the Hamptons, as seen in new photos.

Paige Spiranac has shown off her stunning looks all summer. The golf influencer’s latest Instagram post featured the model poolside in a bikini. Paige Spiranic rose to social media prominence because of her golf background. Paige Spiranic played NCAA Division 1 golf at the University of Arizona and San Diego State University. “Sunshine and tan...

Your new sneaker obsession is under $100.

Big stars like White, Paul Anthony Kelly and Sydney Sweeney got shut out.

Big stars like White, Paul Anthony Kelly and Sydney Sweeney got shut out.