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US, China space ventures raise capital
By Tasneem Nashrulla - 7/8/2026, 10:52 PM - 128 words
Faulty reasoning signals
- Framing Effect - 19.5%
- In-Group Bias - 17.2%
- Primacy Effect - 17.2%
Article text
Commercial space ventures in the US and China are tapping broader pools of capital as the superpowers vie for dominance in a fierce space race.
Jeff Bezos’ Blue Origin is seeking its first outside capital, aiming to raise $10 billion at a valuation of about $130 billion, The New York Times reported. The rocket company’s fundraising comes after rival SpaceX’s record $86 billion IPO, which made Elon Musk a trillionaire.
In China, banks are stepping up lending to the country’s commercial space sector, Caixin reported; one pledged $1.5 billion in credit support for aerospace enterprises over the next three years. The US still has “the strongest commercial space industry,” a US lobbyist said, but “China is moving very quickly to catch up.”