Blue Origin, the space rocket company founded by Jeff Bezos, is raising $10 billion at a $130 billion pre-money valuation. The funding round is led by Coatue Asset Management, which is investing $4 billion, while Bezos himself is committing $2 billion.
The investment comes after a major setback for Blue Origin, whose flagship rocket New Glenn exploded during testing in May. Despite this, the company plans to use the rocket for launches later this year and is rebuilding its launchpad in Cape Canaveral.
The funding will support Blue Origin's efforts to launch and operate data centers in space, as well as its satellite internet network. This move follows SpaceX's recent IPO, which raised over $85 billion at a $1.75 trillion valuation.
