Jeff Bezos’ Blue Origin valued at $130 billion in first public fundraising round

Summary

Andrew Ross Sorkin reports that Jeff Bezos’ Blue Origin is raising about $10 billion in its first outside funding round, led by Philippe Laffont’s Coatue Management with $4 billion, and Bezos adding $2 billion, at a $130 billion valuation. The news comes amid strong demand for launches and satellite projects, though investors are overlooking a recent launch pad explosion. Bezos has said Blue Origin could one day be bigger than Amazon.

• Blue Origin's first outside funding round values the company at $130 billion.
• Coatue Management is leading with a $4 billion investment, and Bezos will add $2 billion.
• The deal follows SpaceX's reported $2 trillion valuation.
• Strong demand for Blue Origin launches and its satellite business Taro Wave drives interest.
• Investors appear to look past a significant launch pad setback in May.