Blue Origin reportedly raising $10 billion, valuation at $130 billion.

The New York Times reports that Blue Origin, the space exploration company founded by Amazon founder Jeff Bezos, is bringing in external investors for the first time in 25 years, nearing the completion of a $10 billion fundraising plan, valuing the company at $130 billion (excluding the new funds raised).

Asset management company Coatue Management is expected to lead this funding round, committing $4 billion. Bezos' family office is a major investor in Coatue, a fund focused on emerging tech startups.

Bezos himself will also contribute an additional $2 billion to Blue Origin's fundraising round, with the remaining $4 billion expected to come from large institutional investors.

Blue Origin is playing an increasingly important role in NASA's lunar landing program. This fundraising marks an acceleration of the space race and investor confidence in Blue Origin's ambitious space exploration efforts, as the company seeks to compete with SpaceX, which raised billions of dollars last month through its initial public offering (IPO).

Bezos has previously stated that he believes Blue Origin's future market value could surpass that of Amazon.