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Bezos' Blue Origin valued at $130 billion in first outside fundraising round
Blue Origin is raising $10 billion in its first outside funding round at a $130 billion valuation as it struggles to return its New Glenn rocket to flight.
What: Jeff Bezos' Blue Origin is seeking $10 billion in a round that includes a $2 billion contribution from Bezos himself and $4 billion from Coatue Management. The company is currently recovering from a late May launchpad explosion of a New Glenn rocket.
Why it matters: Bezos is transitioning from self-funding Blue Origin via Amazon stock sales to external capital, likely to accelerate competition with SpaceX's massive market lead following its recent IPO.
Deep dive
- Funding target is $10 billion total.
- Valuation reaches $130 billion.
- Major investors include Coatue Management.
- The company remains focused on returning the New Glenn rocket to flight by the end of 2026.
Original article
Blue Origin is raising its first outside funding round. Jeff Bezos is set to contribute $2 billion to the round. The company suffered a setback in late May when one of its New Glenn rockets exploded on a launch pad. It has set an aggressive goal to return New Glenn to flight by the end of the year.
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