# BlueOriginLaunches10BillionFundingRound

On July 9, Blue Origin initiated its first external funding round, seeking to raise $10 billion at a valuation of approximately $130 billion. This marks the first time Bezos' space company has opened to outside investors since its founding in 2000. Funds will accelerate New Glenn rocket production and the Orbital Reef space station project. If successful, Blue Origin's valuation would approach SpaceX's ~$250 billion, solidifying a duopoly in the commercial space race.