Blue Origin, Jeff Bezos' space venture, has raised outside capital for the first time, with sources confirming to CNBC the company is now valued at $130 billion. The fundraising round marks a significant milestone for the rocket company as it seeks to accelerate development and compete in the commercial spaceflight market.
Why it matters: The valuation signals institutional confidence in commercial space ventures and reflects intensifying competition between billionaire-backed aerospace companies for lunar and orbital infrastructure contracts.