Bezos' Blue Origin is raising outside capital for the first time to compete for NASA contracts as rival SpaceX’s stock falters

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Blue Origin, Jeff Bezos’s rocket company that fiercely competes with SpaceX over NASA contracts, is now seeking money outside of the Amazon billionaire’s pocketbook for the first time—$10 billion at a $130 billion valuation, according to DealBook.

DealBook reports that Bezos himself will contribute $2 billion and global asset manager Coatue Management will contribute $4 billion, with the remainder expected from institutional investors. Historically, Bezos had funded the company by selling his personal Amazon stock.