Blue Origin, the aerospace company founded by Jeff Bezos, has initiated a $10 billion fundraising round that values the business at approximately $130 billion. The move follows closely on the heels of SpaceX’s recent initial public offering, which has reshaped the competitive landscape of the private space industry.

This latest capital raise marks a significant shift for Blue Origin, as it seeks to broaden its base of investors beyond Bezos himself. Historically, Bezos has primarily funded the company by liquidating Amazon shares, but the infusion of external capital is expected to reduce his reliance on personal resources. According to reported details, the financing round already features commitments from high-profile investors.

Coatue Management, a prominent asset management firm, is anticipated to lead the fundraising with a $4 billion investment. Bezos’ family office maintains a substantial stake in Coatue’s Innovative Strategies Fund, which targets ventures in emerging technologies. Bezos is projected to contribute an additional $2 billion directly to Blue Origin. The remaining $4 billion is expected to be supplied by other large institutional investors.

Blue Origin develops rockets and provides launch services for commercial satellite operators as well as government agencies, including NASA. The company is notably involved in projects such as the development of a lunar lander under NASA’s Artemis program, which aims to return humans to the Moon.

The fundraising effort underscores investor enthusiasm for advancing private sector activities in space, signaling a diversification of financing sources in an increasingly competitive market. It also highlights Blue Origin’s intent to sustain and expand its role alongside SpaceX, which secured substantial new funding as a result of its recent public offering.