It has been speculated that Jeff Bezos’ new yacht has been spotted.

The 417-foot-long Koru, per People, hit the water earlier this month, according to footage released by Dutch Yachting.

The yacht, reportedly worth $500 million, is believed to be the largest sailing yacht in the world and, per Bloomberg, features three masts, several decks (including one with a pool), and a supporting 250-foot-long yacht with a helipad, according to Boat International.

The yacht was built by Netherlands-based Oceanco, which refuses to confirm the owner. Boat International reports the yacht was to be delivered to Bezos earlier this year.

Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter @Mark_Heim.