Blue Origin Raises $10B
Blue Origin, founded by Jeff Bezos, raises $10B at a $130B valuation, marking its first external funding after 25 years of self-funding, as it competes with SpaceX and pursues NASA's Artemis missions and space-based data centers
Key points
- Blue Origin is raising $10 billion at a $130 billion pre-money valuation from investors including Coatue Asset Management and Jeff Bezos himself.
- Bezos will commit $2 billion, while Coatue is expected to invest about $4 billion, with other large investors accounting for the remaining amount.
- The funding comes after a major setback for Blue Origin, whose flagship rocket New Glenn exploded during testing in late May.
- Blue Origin aims to use the funding to support NASA's Artemis missions to the moon and launch and operate data centers in space.
- The company also plans to rebuild its launchpad in Cape Canaveral and pursue its satellite internet network, revealed earlier this year.
- The move pits Blue Origin against SpaceX, which recently completed the largest IPO on record, valuing Elon Musk's company at over $1 trillion.
Blue Origin, the space rocket company founded by Jeff Bezos, is raising $10 billion at a $130 billion pre-money valuation. This marks the company's first external funding after 25 years of self-funding by Bezos. The funding round is led by Coatue Asset Management, which is expected to invest about $4 billion, while Bezos himself will commit $2 billion.
The funding comes at a critical time for Blue Origin, which recently suffered a major setback when its flagship rocket New Glenn exploded during testing in late May. Despite this, the company remains committed to its goals, including supporting NASA's Artemis missions to the moon and launching and operating data centers in space.
Blue Origin's funding round is seen as a competitive move against SpaceX, which recently completed the largest IPO on record, valuing Elon Musk's company at over $1 trillion. The two companies are vying for dominance in the private space industry, with Blue Origin's New Glenn rocket and SpaceX's Starship program representing two of the most ambitious projects in the field.
Sources
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