Blue Origin has reportedly raised $10 billion at a $130 billion valuation

Blue Origin, the space rocket company owned by billionaire Jeff Bezos, raised $10 billion at an initial valuation of $130 billion from Quato Asset Management, Bezos himself, and other major investors, New York Times I mentioned.

Kuato is expected to invest about $4 billion in the round, which will be Blue Origin’s first external fundraising. Bezos is said to be committing $2 billion, and other investors will pick up the remaining amount, according to the report.

The funding will come after a major setback for Blue Origin, whose flagship rocket is New Glenn It exploded during testing In late May as it was preparing for its fourth launch. Company Didn’t nail it The explosion was caused as of last week, but it still intends to use the rocket for launches later this year. Blue Origin also needs to rebuild its launch pad at Cape Canaveral, the only platform that can support the rocket and one of the most powerful launch vehicles in the world today.

Getting New Glenn up and running is a top priority for Blue Origin, especially now that the company has done so Refocus Its entire effort is in support of NASA’s Artemis missions to the moon. The company also has ambitions to Launching and operating data centers in spacecapitalizing on an emerging movement seeking to transfer massive amounts of computing power into orbit.

Some funding may also help Blue Origin with its project Satellite Internetwhich was unveiled earlier this year, will use thousands of satellites to provide data connectivity to enterprise, government and data center customers.

Financing follows The IPO of the blockbuster SpaceX Last month, the AI/data center/space company raised more than $85 billion at a $1.75 trillion valuation.