Bezos’ Blue Origin seeks first outside funding at $130 billion valuation, NYT DealBook reports
An aerial view shows the Blue Origin manufacturing facility at the Kennedy Space Center in Cape Canaveral, Florida, U.S., April 6, 2026. REUTERS/Brendan McDermid
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
July 8 : Jeff Bezos’ Blue Origin is looking to tap outside investors for the first time, aiming to raise $10 billion in a funding round that would value the rocket maker at $130 billion before the investment, according to an NYT DealBook report on Wednesday.
Coatue Management, a big asset manager, is expected to lead the round with a $4 billion commitment, the report said, adding that Bezos is set to contribute an additional $2 billion.
The report comes as investor appetite for space companies has surged following SpaceX’s IPO last month, which lifted expectations for valuations of privately held aerospace firms.
Blue Origin did not immediately respond to a Reuters request for comment.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
SpaceX, with operations spanning rockets, satellites and AI, secured an about $1.75 trillion valuation in its public market debut, after raising about $86 billion in the world’s largest IPO following years of fundraising to finance Elon Musk’s AI and space ambitions.
Founded by Bezos in September 2000, about 18 months before Musk started SpaceX, Blue Origin has largely been funded by the Amazon founder. It has secured multibillion-dollar NASA and U.S. Space Force contracts, including work on the Artemis lunar program and national security launches, but still trails SpaceX by a wide margin in launch cadence and revenue.
Unlike SpaceX, whose Starlink satellite internet business has become a major revenue driver, Blue Origin remains focused on launch services, rocket engines and government space programs.
Blue Origin’s New Glenn heavy-lift rocket exploded during a static fire test on its launch pad in May, complicating its efforts to compete with SpaceX in the commercial launch market. The company expects to restart launches this year.
It has also entered the race to build space-based AI infrastructure through Project Sunrise, a proposed constellation of up to 51,600 satellites designed to host orbital data centers, putting it in direct competition with SpaceX’s similar ambitions.
Analysts, however, said significant challenges to deploying AI computing in orbit were likely to limit the technology’s scale initially, making it commercially viable only in the next decade.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
