Blue Origin raises $10B at $140B valuation on $800M revenue, sparking Rocket Lab valuation debate
2C_ornot2C · x · 2026-10-16
Blue Origin recently raised $10B at a $140B valuation despite just $800M in 2025 revenue. New Glenn has demonstrated reuse and, after returning to flight in 1H 2027, should reach a monthly cadence with 3x Neutron's lift capacity, plus a deep backlog of Artemis launches. Rocket Lab's Neutron likely debuts mid-to-late 2027, with three launches in 2028 a solid target. The author argues Blue Origin has been capital-inefficient for 25 years but is hard to compete with given $30B from its founder, and is improving under Dave Limp — yet $RKLB trades at just $35B, 25% of Blue Origin's valuation.