Bezos is reportedly set to invest $2bn into the company himself.
Jeff Bezos’s Blue Origin is reportedly nearing closing a $10bn funding round that would value the space company at around $130bn. This would be the first time Blue Origin is opening itself up to outside investors since being found in 2000.
Bezos is set to invest $2bn into the company himself, while Coatue Management – which has close ties to Bezos Expeditions – is committing $4bn, reports suggest.
The remaining $4bn has seen significant demand, sources told news publications, mirroring recent investor appetite around major tech IPO listings.
“We finally have enough visibility into our future and our financial success,” Bezos told CNBC in May. “It’s a good time actually to start thinking about the future and bring on some other outside investors.”
The reported funding into Blue Origin comes weeks after its biggest rival, SpaceX, raised a record-breaking $85.7bn in its IPO listing (including the underwriters’ option).
The Elon Musk-owned company has filed for a satellite constellation of up to 1m with major plans for orbital AI data centres. The company currently has more than 10,000 active satellites in orbit.
Earlier this year Blue Origin launched ‘TeraWave’, a new communication network with a planned constellation of nearly 5,500 satellites. The constellation is set to be deployed from Q4 2027, the company said in January. Blue Origin claims that TeraWave will deliver connection speeds of up to 6Tbps anywhere on Earth.
Plans, however, suffered a setback this May after one of Blue Origins’ New Glenn rockets exploded on the launchpad during a hot-fire test. The US Federal Aviation Administration ordered the company to investigate a previous malfunction during a failed launch test in April.
Meanwhile, Bezos’s other big venture, Amazon, purchased satellite telecommunications provider Globalstar to better compete with Starlink.
The $11.6bn deal, announced this April, sees Amazon acquire Globalstar’s existing satellite operations, infrastructure and licences. According to Reuters, Globalstar has 32 planned active low-Earth orbit satellites.
The e-commerce giant plans to integrate Globalstar’s assets into its own space internet service Leo, which aims to have more than 3,200 satellites in space. Currently, the company has more than 375 satellites in space already, and is planning several launches over the course of the year.
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