Jeff Bezos’ Blue Origin Valued At $130 Billion After First Fundraising Round

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Blue Origin raised outside capital in its first-ever funding round, valuing the company at $130 billion, according to multiple reports on Wednesday, as Jeff Bezos’ rocket company seeks to challenge SpaceX.

Blue Origin raised $10 billion in the funding round, $4 billion of which comes from Coatue Management and $2 billion from Bezos himself, while the remaining $4 billion is expected from other institutional investors, the New York Times reported.

Blue Origin did not immediately respond to Forbes’ request for comment.