Blue Origin seeks to raise $10 billion in outside capital

New Glenn lifts off April 19 on the NG-3 mission. Credit: Blue Origin

TOKYO — Blue Origin is planning to raise $10 billion in the company’s first outside investment to support its ambitions in launch services and satellite constellations.

The company is reportedly working to raise $10 billion from investors led by Coatue Management. The round would value the company at $130 billion. The New York Times first reported the planned investment.

Neither Blue Origin nor Coatue has publicly announced any investment. However, Blue Origin Chief Executive Dave Limp appeared to confirm it in a July 8 memo to company employees.

“This has been in the works for some time and represents confidence in our mission, our strategy, and most importantly, the work each of you has done to build Blue into the company it is today,” Limp wrote in the memo, seen by SpaceNews. He said company executives would provide more details to employees in an internal town hall later this month.