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Bezos’ Blue Origin seeks first outside funding at $130B valuation, NYT DealBook reports
Blue Origin aims to raise $10 billion in its first outside funding round at a $130 billion valuation, competing with SpaceX's growing market presence.
Amazon boosts worker pay, cuts health plan costs
Amazon is investing $1B to raise U.S. worker wages and lower health plan costs, lifting average pay to $23 an hour and reducing co-pays to $5.
Musk’s SpaceX pans Virginia broadband plan as ‘massive waste’
Elon Musk's SpaceX wrote a letter this week slamming Virginia's federal broadband grant proposal.
Graham to be chair emeritus of Graham Holdings
Donald E. Graham, majority owner of Arlington County-based Graham Holdings Co. and former publisher of The Washington Post, announced Thursday he would step down as chairman of Graham Holdings, although he plans to remain on the board as chair emeritus starting in May. Longtime board member Anne Mulcahy, former chair and CEO of Xerox Corp., […]
Amazon founder Jeff Bezos to step down as CEO in Q3
Amazon.com Inc. announced Tuesday that Jeff Bezos, who founded the e-commerce company in 1994, will step down as CEO and transition to the role of executive chair in the third quarter of 2021. Amazon Web Services CEO Andy Jassy will succeed Bezos. “Amazon is what it is because of invention,” Bezos said in a statement. […]
