Topline
Blue Origin raised outside capital in its first-ever funding round, valuing the company at $130 billion, according to multiple reports on Wednesday, as Jeff Bezos’ rocket company seeks to challenge SpaceX.
The valuation follows a record-setting debut for Elon Musk’s rocket maker.
Copyright 2021 The Associated Press. All rights reserved.
Key Facts
Blue Origin raised $10 billion in the funding round, $4 billion of which comes from Coatue Management and $2 billion from Bezos himself, while the remaining $4 billion is expected from other institutional investors, the New York Times reported.
Blue Origin did not immediately respond to Forbes’ request for comment.
This is a developing story.