00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Jeff Bezos' Blue Origin is raising about $10 billion in its first outside funding round,
00:07valuing the Rocket Company at $130 billion, according to CNBC.
00:13Bezos is expected to contribute $2 billion, while Coatu Management is expected to invest
00:18about $4 billion, according to people familiar with the matter.
00:22The remaining $4 billion has drawn strong demand from several major investors.
00:26Bezos has historically funded Blue Origin through Amazon stock sales, and said in 2024 that
00:32he believes the Rocket Company could eventually surpass Amazon.
00:36Bezos said in May that Blue Origin was considering outside investors.
00:40The round follows SpaceX's record IPO last month, which raised nearly $86 billion and valued
00:47the company at about $2 trillion.
00:49The company is working to return its new Glenn Rocket to flight by the end of 2026, after
00:55a launch pad explosion in May.
00:56For all things money, visit Benzinga.com.
Comments