09:04 AM EDT, 04/21/2026 (MT Newswires) -- (Updates with BlackRock's ( BLK ) response in the fifth paragraph and the latest stock movement in the sixth paragraph.)

Amazon.com ( AMZN ) founder and Executive Chairman Jeff Bezos is nearing a $10 billion fundraising agreement from investors at a $38 billion valuation for his Project Prometheus, the Financial Times reported late Monday, citing unnamed people familiar with the matter.

The deal comprises a $6.2 billion initial financing raised in November but has been extended because of demand, the people told the FT.

JPMorgan Chase ( JPM ) and BlackRock ( BLK ) are among the investors in the new round, an undisclosed person told the Financial Times.

The financing round is anticipated to close soon but no date has been finalized, the FT said.

BlackRock ( BLK ) declined MT Newswires' request for comment, while Amazon ( AMZN ) and JPMorgan ( JPM ) did not respond.

Shares of Amazon ( AMZN ) were up 2.3% in Tuesday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)