Jeff Bezos’ Blue Origin raises $10 billion at $130 billion valuation

Jeff Bezos’s Blue Origin is raising external funding for the first time in its 25-year history, according to The New York Times’ DealBook.

The company aims to secure $10 billion at a $130 billion valuation, with Coatue Management leading the round with a $4 billion commitment. Bezos is expected to invest a further $2 billion, with the remainder coming from institutional investors.

The fundraising follows a failed New Glenn rocket test in May, when the vehicle exploded, and reflects strong investor appetite for the space industry after rival SpaceX’s high-profile IPO last month.

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