Jul. 8 at 8:51 PM
Blue Origin is reportedly raising about
$10 billion in its first external funding round, valuing Jeff Bezos' space company at
$130 billion, according to CNBC. Bezos is expected to contribute
$2 billion, while hedge fund Coatue Management will invest around
$4 billion, with the remaining
$4 billion drawing strong interest from other large institutional investors.
The fundraising follows SpaceX's record IPO last month, which raised nearly
$86 billion and valued Elon Musk's company at roughly
$2 trillion, highlighting continued investor appetite for the commercial space sector.
Founded by Bezos in 2000, Blue Origin has historically been funded through sales of his Amazon shares and competes with SpaceX in heavy-lift launch vehicles, lunar landers, and satellite internet. The capital raise comes despite a setback in May, when a New Glenn rocket exploded during a static fire test in Florida.
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