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Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC.
Mark Wilson | Getty Images

Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came back to Earth.

At least 11 key leaders and senior engineers have left Blue Origin this summer, CNBC has learned, with many moving on in the weeks after Bezos’ spaceflight.

Two of the engineers, Nitin Arora and Lauren Lyons, this week announced jobs at other space companies: Elon Musk’s SpaceX and Firefly Aerospace, respectively.

Others quietly updated their LinkedIn pages over the past few weeks.

Each unannounced departure was confirmed to CNBC by people familiar with the matter. Those departures include the following people: New Shepard senior vice president Steve Bennett, chief of mission assurance Jeff Ashby (who retired), New Glenn senior director Bob Ess, New Glenn senior finance manager Bill Scammell, senior manager of production testing Christopher Payne, senior propulsion design engineer Dave Sanderson, senior HLS human factors engineer Rachel Forman, propulsion engineer Rex Gu, and rocket engine development engineer Gerry Hudak.

Those who announced they were leaving Blue Origin did not specify why, but frustration with executive management and a slow, bureaucratic structure is often cited in employee reviews on job site Glassdoor.

A company spokesperson emphasized Blue Origin’s growth in a statement to CNBC.

“Blue Origin grew by 850 people in 2020 and we have grown by another 650 so far in 2021. In fact, we’ve grown by nearly a factor of four over the past three years. We continue to fill out major leadership roles in manufacturing, quality, engine design, and vehicle design. It’s a team we’re building and we have great talent,” the spokesperson said.

Some of the engineers who left were part of Blue Origin’s astronaut lunar lander program. Bezos’ company lost its bid for a valuable NASA development contract in April when SpaceX was announced as the sole awardee under the space agency’s Human Landing System (HLS) program, winning a $2.9 billion contract.

But, despite the Government Accountability Office last month denying Blue Origin’s protest of NASA’s decision, the company has continued to escalate its fight to be a part of the Human Landing System program. Blue Origin company first launched a public relations offensive against SpaceX’s Starship rocket and then, on Monday, sued NASA in federal court.

A $10,000 bonus

Jeff Bezos pops champagne after emerging from the New Shepard capsule after his spaceflight on July 20, 2021.
Blue Origin

The company has nearly 4,000 employees around the U.S., with its headquarters near Seattle in Kent, Washington, as well as facilities in Cape Canaveral, Florida; Van Horn, Texas; and Huntsville, Alabama.

Shortly after Bezos’ July 20 spaceflight, Blue Origin gave all of its full-time employees a $10,000, no-strings-attached cash bonus, multiple people familiar with the situation told CNBC. None of Blue Origin’s contractors received the bonus, which was paid out to employees on July 30. The company confirmed the bonus, with a spokesperson noting that it was intended as a “thank you” for achieving the milestone of launching people to space.

Internally, two people told CNBC that the bonus was perceived as the company’s leadership attempting to entice talent to stay – in response to the number of employees filing notices to leave after launching its first crew to space and back safely.

A look at Glassdoor reveals a sharp disparity in employee satisfaction with Blue Origin’s leadership when compared to other top space companies. According to Glassdoor, just 15% of Blue Origin employees approve of CEO Bob Smith – versus 91% for Elon Musk at SpaceX or 77% for Tory Bruno at United Launch Alliance.

The HLS fight

A mockup of the crew lander vehicle at NASA’s Johnson Space Center in August 2020.
Blue Origin

NASA’s Human Landing System program is one of the critical pieces of the agency’s plan to return U.S. astronauts to the surface of the moon, known as Artemis.

Last year, NASA handed out nearly $1 billion in concept development contracts for HLS – with SpaceX receiving $135 million, Leidos‘ subsidiary Dynetics receiving $253 million, and Blue Origin receiving $579 million. The space agency then expected to award two of those three companies with hardware development contracts this year, but, following a shortfall of request funding for HLS from Congress, NASA decided to give only SpaceX a contract, worth about $2.9 billion.

Blue Origin and Dynetics each quickly filed protests with the U.S. Government Accountability Office, which halted NASA’s work on the program until the protests could be resolved. The GAO on July 30 upheld NASA’s decision. On Aug. 16, Blue Origin took its battle a step further, suing NASA in the U.S. Court of Federal Claims.

NASA has paid $300 million of its SpaceX’s contract so far, with the payment made on the day the GAO denied the protests. However, the space agency’s work on HLS has once again halted – this time due to the Blue Origin lawsuit, according to court filings on Thursday – and will not resume until Nov. 1.

Major delays

Billionaire businessman Jeff Bezos is launched with three crew members aboard a New Shepard rocket on the world’s first unpiloted suborbital flight from Blue Origin’s Launch Site 1 near Van Horn, Texas, July 20, 2021.
Joe Skipper | Reuters

Blue Origin has struggled to deliver on multiple major programs since Bezos hired Smith as CEO in 2017. Bezos founded the company in 2000, with the goal of creating “a future where millions of people are living and working in space to benefit Earth.” Delays – although common in the industry in which the adage “space is hard” is persistently heard – have pushed back Bezos’ vision, highlighted by the departure of Blue Origin’s chief operating officer late last year.

Bezos launched to the edge of space as one of the members of the first crew onboard Blue Origin’s reusable New Shepard rocket. While the company has not disclosed pricing, New Shepard competes with Virgin Galactic in the realm of sub-orbital space tourism, with Blue Origin having sold nearly $100 million worth of tickets for future passenger flights. Although the first crewed New Shepard launch was a smooth success, Blue Origin’s leadership had previously expected the rocket to begin launching people by the end of 2017.

An artist’s illustration of a New Glenn rocket standing on the launchpad in Florida.
Blue Origin

New Glenn is the reusable, next-generation rocket that Blue Origin is developing but has yet to launch. Originally slated for an inaugural flight in 2020, the first New Glenn is not expected to liftoff until the fourth quarter of 2022. That’s despite Blue Origin receiving $255.5 million from the U.S. Air Force to help develop the rocket. But the Pentagon did not choose New Glenn for further contracts when the Department of Defense last year selected SpaceX and United Launch Alliance (ULA) for multiple awards, cumulatively worth billions of dollars – a loss that Blue Origin cited when it announced New Glenn’s delay.

BE-4 engine test at Blue Origin’s West Texas launch facility.
Blue Origin

Blue Origin’s third major program is its stable of rocket engines, headlined by the BE-4 engine that will power its New Glenn rocket. The company previously stated that its BE-4 engines would be “ready for flight in 2017.”

However, four years later, development issues and a lack of hardware for testing quickly mean Blue Origin has yet to deliver its first flight engines, ArsTechnica reported earlier this month. The company is pushing to have two BE-4 engines ready by the end of this year. Notably, BE-4 is important beyond Blue Origin, as ULA signed a deal to use the engines to power its Vulcan rockets, choosing Blue Origin over Aerojet Rocketdyne as its supplier. ULA is pushing to have its first Vulcan rocket ready to launch by the end of this year, and Blue Origin’s BE-4 engines are expected to be a, if not the, final piece added before launch.

Bezos has spent the majority of his time in the past two decades focused on Amazon, but along the way has steadily sold pieces of his stake in the tech giant to fund Blue Origin’s development — to the tune of $1 billion a year, or possibly more. Last month, Bezos stepped down as Amazon CEO, with many in the space industry expecting him to spend more time focusing on his space company.

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European Commission launches antitrust probe into software giant SAP

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European Commission launches antitrust probe into software giant SAP

Thomas Lohnes | Getty Images

The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services.

According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of software, licensed by SAP, used for the management of companies’ business operations.”

SAP, in a statement on Thursday, said it believed its policies and actions were fully compliant with EU competition rules.

“However, we take the issues raised seriously and we are working closely with the EU Commission to resolve them,” a spokesperson said. “We do not anticipate the engagement with the European Commission to result in material impacts on our financial performance.”

SAP is one of Europe’s most valuable companies, with a market cap of almost 282 billion euros ($331 billion). Shares of the firm moved lower on Thursday, losing 2% by 12:45 p.m. in London (7:45 a.m. ET).

The EU probe relates to a piece of SAP software called Enterprise Resource Planning, or ERP.

ERP is widely used by large corporations to manage their everyday finance and accounting needs. SAP is a major player in the space — but it isn’t alone. The company competes with the likes of Microsoft and Oracle, which offer their own ERP products.

Specifically, the European Commission said it was addressing the so-called “on-prem” version of SAP ERP. On-prem refers to software that is hosted on a company’s own servers, as opposed the cloud where it can be remotely accessed via SAP data centers.

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Much of SAP’s business still comes from its on-prem IT services. However, the company has for years been attempting to shift more of its focus to the cloud — particularly as it faces competition from technology giants like Microsoft and Amazon, which dominate the market for public cloud services.

The latest EU antitrust probe is noteworthy as it doesn’t involve Big Tech.

Much of the bloc’s work on competition policy has focused on the market power of U.S. technology giants. This has led to criticisms from both the tech sector and politicians in the U.S., who say American tech firms are being unfairly targeted. On Wednesday, Apple urged a repeal of the Digital Markets Act, the EU’s landmark digital competition law, saying it was “leading to a worse experience for Apple users in the EU.”

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British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round

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British AI firm Nscale raises .1 billion in Nvidia-backed funding round

A Nvidia RTX PRO 6000 Blackwell Server Edition on display during VivaTech 2025 tech conference in Paris, France.

Chesnot | Getty Images

British artificial intelligence infrastructure firm Nscale is raising heaps of cash as it looks to ramp up the deployment of AI data centers across Europe.

Nscale, which is based in London, said Thursday that it has raised $1.1 billion in a bumper Series B funding round. The investment was led by Aker, the Norwegian industrial investment company, with additional participation from a raft of firms including Nvidia, Nokia and Dell.

The investment highlights continued demand for high-powered computing infrastructure, which is required to train and run powerful foundational AI models from companies like OpenAI, Microsoft and Google.

Nscale, the UK-headquartered AI infrastructure provider.

AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

Nscale has become a central player in Britain’s ambition to become a global AI powerhouse. Last week, the likes of Microsoft, Nvidia and OpenAI announced multibillion-dollar projects involving Nscale to build out AI computing infrastructure across the U.K.

“We are creating one of the largest global [infrastructure] platforms of its kind – purpose-built to meet surging demand and unlock breakthroughs at unprecedented scale,” said Josh Payne, Nscale’s CEO and co-founder, in a statement.

“This allows Nscale to provide our customers access to scarce, and highly sought after, compute capacity and rapidly accelerate the build-out of secure, compliant and energy-efficient AI infrastructure,” he added.

Nscale was spun out from Arkon Energy, an Australian cryptocurrency mining firm, in 2023 to address soaring demand for data centers capable of handling AI workloads.

It is working with OpenAI in the U.K. and Norway to build new data centers as part of the ChatGPT maker’s Stargate investment project. Nscale said that part of the Series B funding would go toward “enabling the rapid rollout” of the Stargate data center projects in Europe.

The company is committing $1 billion for the Norwegian project, with the goal of racking up 100,000 Nvidia graphics processing units (GPUs) at the site before 2027. The U.K. site, meanwhile, will house 8,000 GPUs in its first phase early next year, with the option to expand capacity to around 31,000 GPUs over time.

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Early Revolut backer invests in AI-focused finance software startup Light

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Early Revolut backer invests in AI-focused finance software startup Light

Light uses artificial intelligence to automate companies’ finance and accounting functions.

Light

Danish startup Light is the latest in a series of European tech firms raising cash as venture capitalists search for the next big thing in artificial intelligence.

Founded in 2022, Light develops software that uses AI to automate various functions that exist within businesses’ finance teams, including accounting, bookkeeping and financial reporting.

The Copenhagen-headquartered company told CNBC that it had raised $30 million in a Series A funding round led by Balderton Capital, an early investor in fintech unicorns Revolut and GoCardless.

Atomico, Cherry Ventures, Seedcamp and Entrée Capital also invested in the round, along with angel investors including Hugging Face co-founder Thomas Wolf and Meta board member Charlie Songhurst.

Light plans to use the cash to “double down on the commercial side” of the business, Jonathan Sanders, Light’s CEO and co-founder, told CNBC. The startup recently opened an office in London and says it is planning to open one in New York to meet U.S. demand.

Light isn’t the only startup out there using AI to streamline companies’ finance and accounting processes.

Pigment, a business planning and forecasting platform designed to be more user-friendly than Microsoft Excel, last year raised $145 million at a valuation north of $1 billion. More recently, accounting software startup Pennylane raised 75 million euros ($88.4 million), doubling its valuation to 2 billion euros.

Currently, the market for software that helps companies manage their finances is dominated by industry behemoths like Microsoft, Oracle and SAP. However, these systems can often be cumbersome, requiring specialists to “tinker around the edges for a year or two just to make it work,” according to Sanders.

“We service fast-growing, fast-scaling companies who need a system where they can expand really fast,” Sanders told CNBC. Light’s customers include Lovable, the buzzy Swedish AI firm recently valued at $2 billion, and Sana Labs, which is being acquired by Workday for $1.1 billion.

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Sanders said AI can rapidly transform how companies handle their finances. “The future of numbers is text,” he says. For example, rather than sifting through company policies to find a team’s meal allowance, this can be automated by an AI agent that has access to the relevant documents.

Moving forward, Light wants to focus on large, enterprise-level customers that struggle with “broken processes and workflows,” according to Sanders. “No human team can continuously analyze, reconcile and update thousands of pages of policies for coherence,” he told CNBC.

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