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Blue Origin reportedly raising $10B at $130B valuation
TechCrunch • • general
Key Points:
- Blue Origin, Jeff Bezos’ space rocket company, is raising $10 billion at a $130 billion pre-money valuation, with Coatue Asset Management investing about $4 billion and Bezos committing $2 billion.
- This funding round marks Blue Origin’s first external capital raise, with other investors contributing the remaining amount.
- The capital injection follows a setback when Blue Origin’s New Glenn rocket exploded during testing in May, though the company plans to continue using the rocket for launches later this year.
- Blue Origin is prioritizing getting New Glenn operational to support NASA’s Artemis moon missions and aims to develop space-based data centers and a satellite internet network for enterprise and government clients.
- The funding will also assist in rebuilding Blue Origin’s Cape Canaveral launchpad, the only facility capable of supporting the powerful New Glenn rocket.
