Jeff Bezos, Amazon’s founder and CEO, told that the value of Amazon stock he sells annually to fund his rocket company, Blue Origin is the cost that keeps tech mogul’s space-travel pet project afloat.”My business model right now for Blue Origin is I sell about a billion a year of Amazon stock and I use it to fund Blue Origin,” Bezos said.
Bezos also mentioned Wednesday that a new rocket Blue Origin is developing, called New Glenn, would cost roughly $2.5 billion. The rocket will be able to carry satellites into orbit and, someday, people.
Musk’s SpaceX made history last week when it launched a recycled rocket. Both Musk and Bezos believe that rocket reuse is a critical step in making space flight cheaper and available to more people.
He’s shied from offering specific timelines on when Blue Origin will start lifting people into space, but the company has been showing off some of its future creature comforts, such as a six-person capsule with comfy chairs and plenty of windows.
[CNET]
