GoKawiilJeff Bezos' Blue Origin is raising about $10 billion, in its first outside funding round that will value the rocket company at $130 billion, sources told CNBC's Andrew Ross Sorkin.
Bezos is set to contribute $2 billion into the round, along with about $4 billion from hedge fund Coatue Management, according to people familiar with the matter, who asked not to be named because the details are private.
The remaining $4 billion has seen significant demand, with several major investors expected to participate, the people said.
The funding round comes hot on the heels of a blockbuster IPO by Elon Musk's SpaceX last month. SpaceX raised nearly $86 billion, including the underwriters' option, making it the largest IPO on record and minting Musk a trillionaire. The company is now valued at about $2 trillion.