According to CNBC, Blue Origin CEO Dave Limp said the company’s first outside capital raise is not closed yet and is drawing strong investor demand, describing the round as oversubscribed. Limp said the move to bring in outside investors marks a major shift for the 26-year-old space company, which had been funded entirely by founder Jeff Bezos until now. He did not confirm reported final figures, including a Wall Street Journal report that Blue Origin had raised $10 billion at a $140 billion valuation, with Bezos contributing $2 billion in the current round and $30 billion since the company was founded in 2000.

Limp said Blue Origin plans to return its New Glenn rocket to flight before the end of this year and said 1,000 people are working on the launch pad as the company repairs damage from a late-May explosion. He also outlined the company’s satellite plans, including TeraWave, a planned communications service with more than 5,400 satellites, and Project Sunrise, which would deploy about 56,000 satellites for artificial intelligence computing from space.