Jeff Bezos' Blue Origin Raises $10 Billion To Fuel Rockets, Satellites And Government Contracts As SpaceX Rival Bets Big On New Glenn, TeraWave: Report

Jeff Bezos’s Blue Origin has raised $10 billion in its first outside financing round, valuing the space company at about $140 billion as it builds a war chest to challenge Elon Musk’s Space Exploration Technologies Corp. (NASDAQ:SPCX) across launches, satellites and government contracts.

Bezos Adds Capital As Blue Origin Expands

The Wall Street Journal reported the figure on Thursday and noted that Bezos is adding $2 billion, bringing his cumulative investment in Blue Origin to roughly $30 billion since founding the company in 2000. Reuters reported in July that Blue Origin had been seeking $10 billion at a roughly $130 billion pre-money valuation, with Coatue Management expected to lead the round. Those talks were also reported when Blue Origin first sought outside capital.

The new capital arrives as Blue Origin tries to turn years of heavy spending into faster commercial growth. The Journal said revenue reached about $800 million in 2025 and could hit $1.4 billion this year, with internal projections topping $30 billion by 2030. The company employs about 15,000 people and paused New Shepard tourist flights this year to concentrate resources on larger programs.

Benzinga reached out to Blue Origin for comment but did not receive an immediate response.

New Glenn Remains Central To Growth

Blue Origin is betting heavily on New Glenn, its reusable heavy-lift rocket. The company completed three missions before a May 28 hot-fire anomaly destroyed the test vehicle and damaged Launch Complex 36. The blast drew a supportive response from Musk.

Blue Origin later said early analysis pointed to the first stage’s aft section and vowed, "Our road to space doesn’t pause here. We will return to flight by the end of this year." The company later said its investigation found that the anomaly originated at the main oxygen valve on one of the first stage’s BE-4 engines.

NASA is helping Blue Origin expand New Glenn testing at Stennis Space Center, while the company is building a second Florida launch pad to support higher flight cadence. Blue Origin also holds seven national-security launch missions worth about $2.3 billion under a Space Force procurement alongside SpaceX and United Launch Alliance.

TeraWave Opens Another Front Against SpaceX

Satellites represent another growth pillar. Blue Origin unveiled TeraWave in January, a planned 5,408-satellite LEO-and-MEO network promising speeds up to 6 Tbps for enterprise, government and data-center customers.

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