June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Blue Origin, Cerberus looking to buy rocket firm United Launch Alliance - WSJ

Published 12/21/2023, 08:01 AM
Updated 12/21/2023, 09:16 AM
© Reuters. FILE PHOTO: NASA's Lucy spacecraft is shown as it is prepared for launch in October aboard a United Launch Alliance Atlas 5 rocket, in Titusville, Florida, U.S. September 29, 2021.  REUTERS/Joe Skipper/File Photo
BA
-
AMZN
-
LMT
-

(Reuters) -Jeff Bezos' Blue Origin and private equity firm Cerberus are among companies that have shown interest in buying rocket company United Launch Alliance (ULA), the Wall Street Journal reported on Thursday, citing sources familiar with the matter.

Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) have equal ownership in ULA, which makes one of the launch vehicles for Amazon.com (NASDAQ:AMZN)'s satellite internet network, Kuiper.

Business jet maker Textron (NYSE:TXT) has also expressed interest in ULA, the report said adding that a bidding price could not be determined and a deal may not materialize.

"If I were buying a space business, I'd go look at ULA," its CEO Tory Bruno told Bloomberg News in October.

ULA has faced delays in the development of its new rocket named Vulcan Centaur, which will carry Astrobotic's Peregrine lunar lander in its first launch in January. Blue Origin's BE-4 engine powers the spacecraft's first stage.

Private equity firms have been showing interest in space companies that have exposure to government contracts, a segment dominated by Elon Musk's SpaceX.

© Reuters. FILE PHOTO: NASA's Lucy spacecraft is shown as it is prepared for launch in October aboard a United Launch Alliance Atlas 5 rocket, in Titusville, Florida, U.S. September 29, 2021.  REUTERS/Joe Skipper/File Photo

The U.S. Space Force has assigned 21 launches to SpaceX and ULA worth about $2.5 billion, CNBC reported in November, with the Boeing-Lockheed Martin joint venture receiving 11 missions valued at $1.3 billion.

Blue Origin, Cerberus, Textron, and Lockheed Martin did not immediately respond to Reuters' requests for comment, while Boeing declined to comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.