According to The New York Times, Blue Origin, the space company founded by Jeff Bezos, is advancing its first external financing round, planning to raise $10 billion with a valuation of approximately $130 billion (excluding new funds). Coatue Management plans to invest $4 billion to lead the round, Bezos will personally add $2 billion, and the remaining approximately $4 billion will be provided by large institutional investors.
Blue Origin's funds will be used for projects such as the New Glenn rocket launch and the TeraWave satellite communication network, to compete with SpaceX in the commercial rocket and orbital infrastructure sectors.Previously, analysts estimated Blue Origin's spending this year could approach $5 billion, with cumulative investment of about $28 billion.[PANews]