Key facts
- Blue Origin is seeking $10 billion in outside investment.
- The company's valuation is set at $130 billion.
- This is Blue Origin's first external funding round in its 25-year history.
- Coatue Management is expected to lead with a $4 billion commitment.
- Jeff Bezos will contribute $2 billion to the round.
Jeff Bezos' Blue Origin is raising $10 billion in its first external funding round, valuing the company at $130 billion. The move aims to help the rocket startup catch up with rival SpaceX, which has a significant lead in launches and has already raised substantial capital. CEO Dave Limp stated in a memo to staff that the investment validates the company's long-term vision and ambition in a rapidly expanding space sector. Coatue Management is reportedly leading the round with a $4 billion contribution, and Bezos himself is contributing $2 billion. This marks the first time Blue Origin, founded and self-funded by Bezos since 2000, is seeking outside investors to fund its ambitious projects, including heavy-lift rockets, lunar landers, and satellite constellations.