Business · 2h ago
Blue Origin raises $10B at $130B valuation from Bezos, Coatue
Blue Origin is raising $10 billion at a $130 billion pre-money valuation, led by Coatue Asset Management and Jeff Bezos, per the New York Times. The funding underscores Bezos's commitment to competing with SpaceX in the space launch market. Blue Origin has yet to achieve orbital flight but is developing its New Glenn rocket.
Meridian48 take
This massive raise signals investor confidence in Blue Origin's long-term potential, but the company still faces a steep technical and competitive climb against SpaceX's proven track record.
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