Blue Origin is seeking $10 billion in its first-ever external fundraising round, valuing the company at $130 billion pre-money. This move comes as investor interest in the space sector has surged following the record-breaking initial public offering of SpaceX, which debuted at a valuation of approximately $1.75 trillion after raising $86 billion.
Coatue Management is expected to lead the funding round with a $4 billion commitment, while founder Jeff Bezos is set to contribute an additional $2 billion. Other big-name investors are also expected to participate in the effort to secure outside capital.
Founded by Bezos in September 2000, Blue Origin was established about 18 months before Elon Musk founded SpaceX. While the company has secured multibillion-dollar contracts from NASA and the U.S. Space Force for national security launch missions and the Artemis lunar program, it continues to trail SpaceX in revenue and launch cadence. Unlike SpaceX, which benefits from its Starlink satellite internet business, Blue Origin remains focused on rocket engines, government space programs, and launch services.
The company recently conducted a ground test in May for its New Glenn rocket, which is similar in size to SpaceX's Starship. Blue Origin expects to restart launches this year.