Blue Origin Seeks $10 Billion Funding at $130 Billion Valuation

Blue Origin is in the process of raising $10 billion at a pre-money valuation of $130 billion, with Coatue Asset Management, Jeff Bezos, and other significant investors participating, according to The New York Times.

Coatue is anticipated to contribute approximately $4 billion in this funding round, marking Blue Origin’s first external capital raise. Jeff Bezos is reported to be investing $2 billion, while the remaining amount will come from other investors.

This fundraising effort comes after a significant challenge for Blue Origin, as its New Glenn rocket exploded during testing in late May while preparing for its fourth launch. The cause of the explosion had not been determined as of last week, but the company plans to continue using the rocket for launches scheduled later this year. Additionally, Blue Origin must reconstruct its launchpad at Cape Canaveral, which is the sole facility capable of supporting the New Glenn rocket, one of the most powerful launch vehicles currently available.

Ensuring the New Glenn rocket becomes operational remains a primary focus for Blue Origin, particularly as the company has shifted its attention fully toward supporting NASA’s Artemis lunar missions. The company also aims to develop and operate data centers in space, aligning with a growing initiative to relocate substantial computing resources into orbit.

Part of the new funding may also support Blue Origin’s satellite internet network, announced earlier this year, which plans to deploy thousands of satellites to deliver data connectivity services to enterprise, government, and data center clients.

This fundraising announcement follows SpaceX’s recent initial public offering, which raised over $85 billion at a valuation of $1.75 trillion, encompassing its AI, data center, and space operations.