COLORADO SPRINGS, Colo. (Reuters)- Amazon.com founder Jeff Bezos said on Wednesday he is selling about $ 1 billion worth of the internet retailer's stock annually to fund his Blue
Origin rocket company, which aims to launch paying passengers on 11 - minute space rides starting next year.
In Colorado Springs, Colo., in April, Jeff Bezos announced he would sell Amazon stock to finance his Blue
Origin rocket company.
Jeff Bezos's Blue
Origin rocket company, meanwhile, is squaring off with Richard Branson's startup, Virgin Galactic, to offer tourists short hops into space.
Not exact matches
Blue
Origin is headed quickly toward commercial operations as the
rocket company founded by Jeff Bezos nears the end of testing for several of its major projects.
CNBC's Morgan Brennan talks with Blue
Origin CEO Bob Smith about the
company's new engine for its latest orbital
rocket and new opportunities in space exploration.
While
rocket building and space tourism are exciting to Smith, Blue
Origin, at its core, is «a propulsion
company,» he said.
Like Elon Musk's
company, Blue
Origin is engineering its
rockets to safely land back on earth so they can be reused, thus shaving tens of millions of dollars off the cost of each launch.
Jeff Bezos»
rocket company Blue
Origin last month announced its first six launch contracts for its still - in - development New Glenn orbital
rocket.
In the case of Blue
Origin, the
company's smallest vehicle can be used to practice flying and landing techniques that can then be applied to larger
rockets that can launch satellites, Bezos said.
Bezos, founder of Amazon and owner of The Washington Post, also heads up the Blue
Origin private space
company, which successfully launched a
rocket on Sunday.
ULA plans to retire that launcher after about seven more missions, but the
company is developing a reusable
rocket, dubbed Vulcan, to compete with innovative
companies like Musk's SpaceX and Jeff Bezos» Blue
Origin.
Let's just say Bezos, founder of the Blue
Origin space
company and fellow billionaire, wasn't impressed with the Falcon 9 orbital
rocket landing back on Earth.
Blue
Origin, the aerospace
company owned by Amazon.com founder Jeff Bezos, has announced it is working on the New Glenn — the
company's first
rocket capable of going beyond LEO.
Bezos previously said he's funding
rocket company Blue
Origin LLC to the tune of $ 1 billion a year through the sale of Amazon stock.
Amazon C.E.O. Jeff Bezos's commercial space - flight
company, Blue
Origin, successfully launched and landed a
rocket ship at its launch site in West Texas on Monday.
One of the first to offer congratulations to Elon Musk and SpaceX for nailing a
rocket landing was Jeff Bezos, fellow billionaire rocketeer who founded his own space
company, Blue
Origin, in 2000, a couple of years before Musk started SpaceX.
Reportedly, billionaires Elon Musk, CEO of SpaceX, and Jeff Bezos, founder of Amazon and owner of
rocket company Blue
Origin, have met with President Trump several times for talks about the proposed moon missions and partnership with NASA.
No wonder
companies such as SpaceX and Blue
Origin are developing bigger, reusable
rockets that could make searching for and recovering asteroids much cheaper — and more likely to happen in a few years.
CAPE CANAVERAL, Fla. — Jeff Bezos, the billionaire founder of private spaceflight
company Blue
Origin and founder and CEO of Amazon.com, announced today that Blue
Origin will make Florida's Space Coast its home port for reusable
rocket launches.
Blue
Origin, financed by Amazon.com founder Jeff Bezos, and Armadillo Aerospace, owned by John Carmack, whose
company designed the megahit computer games Doom and Quake, are also developing passenger - carrying
rocket ships, although they have not declared a time line for commercial launches.
Bezos»
rocket company, Blue
Origin, has been working on sub-orbital space flight since 2000, with an eye on the space tourism market.
Blue
Origin, an aerospace
company based in Kent, Washington, and led by Amazon.com founder Jeff Bezos, is working on a
rocket - propelled vehicle called New Shepard to carry people and microgravity experiments on suborbital trips into space.
Blue
Origin has been somewhat secretive about the progress of its spaceflight vehicles and
rockets; the
company typically doesn't announce test flights until they are already completed.
The private spaceflight
company Blue
Origin just launched itself into the history books by successfully flying and landing a reusable
rocket.
This soft landing means the
rocket can be used for more flights, which Blue
Origin and other
companies have said will significantly drive down the cost of spaceflight.
Blue
Origin is not the only
company pursuing a reusable
rocket design.
Another private
company, Blue
Origin, intends to debut its reusable New Glenn
rocket in 2020, and ULA is working on a vehicle called Vulcan.
Aerospace manufacturer Blue
Origin founder Jeff Bezos has posted the first - ever images of the fully - completed BE-4 liquid
rocket engine on Twitter, giving the world a look at the technology that his
company plans to use to send its New Glenn...
Blue
Origin's CEO says he expects the
company's BE-4 engine to complete qualification testing by the end of the year as the
company ramps up work on its New Glenn orbital
rocket.
The new boom in space - related jobs in Florida is leading
companies like Blue
Origin, OneWeb and
Rocket Crafters to embrace new ways of training employees, especially German - style apprencticeship programs for local students.