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Miami-based City Labs achieves a first for commercial nuclear power in space

The proliferation of nuclear power in space got a little more real Tuesday with the launch of a small satellite developed by a Florida-based company specializing in nuclear micro-power technology.

It's a long way from launching a bona fide nuclear reactor, a breakthrough that could help power a permanent Moon base and efficiently drive rockets throughout the Solar System. But you have to start somewhere.

The satellite from Miami-based City Labs is named BOHR, short for Betavoltaic Orbital High-Reliability, and it launched on a SpaceX rideshare mission Tuesday alongside 80 other payloads. SpaceX's Falcon 9 rocket released the BOHR satellite into an orbit between 350 and 400 miles (nearly 600 km) in altitude.

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Β© City Labs

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Blue Origin, for the first time, is expected to raise private capital

The rocket company founded by Jeff Bezos, Blue Origin, is raising private capital, the DealBook newsletter reported early Wednesday.

According to the publication, the company is raising $10 billion, leading to a valuation of $130 billion. Coatue Management, a big asset manager, is expected to lead with a $4 billion commitment. Another $4 billion is expected to come from large institutional investors. And Bezos will contribute an additional $2 billion.

Founded in 2000, Blue Origin is seeking to become a global leader in spaceflight, developing a line of super heavy lift rockets, lunar landers, and plans for two megaconstellations. It is seeking to compete in the same areasβ€”launch, telecommunications, data centers from spaceβ€”as SpaceX.

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Β© Matthew Staver/Bloomberg via Getty Images

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