Blue Origin’s $10 billion funding round is reportedly underway, with Jeff Bezos’ space rocket company seeking to raise the sum at a staggering $130 billion pre-money valuation. According to reporting from The New York Times, the raise draws on backing from Coatue Asset Management, Bezos himself, and other major investors.

The Investors Behind the Raise

The round would mark a significant milestone as Blue Origin’s first external fundraise. The reported breakdown reflects heavy commitments from a handful of key players:

• Coatue is expected to contribute around $4 billion.
• Bezos is said to be putting in $2 billion.
• Other investors would cover the remaining funds.

A Setback That Preceded the Funding

The capital push comes on the heels of a serious blow to the company. Blue Origin’s flagship rocket, New Glenn, exploded during testing in late May while preparing for its fourth launch.

As of last week, the company had not pinned down the cause of the explosion, yet it still intends to use the rocket for launches later this year. Complicating matters, Blue Origin also needs to rebuild its launchpad at Cape Canaveral, the only pad capable of supporting the rocket and one of the most powerful launch vehicles in the world today.

Big Ambitions Riding on New Glenn

Getting New Glenn operational has become a top priority, particularly now that Blue Origin has refocused its efforts entirely on supporting NASA’s Artemis missions to the moon.

The company’s ambitions extend well beyond lunar exploration. It has signaled plans to launch and operate data centers in space, tapping into an emerging movement aimed at shifting massive amounts of computing capacity into orbit.

Some of the new funding may also support Blue Origin’s satellite internet network, unveiled earlier this year. That system would rely on thousands of satellites to deliver data connectivity to enterprise, government, and data center customers.

A Competitive Backdrop

The timing is notable within the broader space industry. The raise follows SpaceX’s blockbuster IPO last month, in which the AI, data center, and space company raised more than $85 billion at a $1.75 trillion valuation.

As Blue Origin works to recover from its recent testing failure while pursuing ambitious goals across the moon, orbit, and connectivity, this funding round signals both the scale of its aspirations and the substantial resources it will need to realize them.