The biggest award went to Blue Origin, which got $579 million. NASA announced on April 30, 2020, that Blue Origins, Dynetics and SpaceX were all chosen to lead teams for a 10-month study. Here’s what Blue Origin is up to… Artemis Human Landing Systemīlue Origin is in contract with NASA for its Human Landing System (HLS) Artemis program. And since he’s the world’s richest man, his personal funding likely won’t stop any time soon. He funds this mostly by selling shares of Amazon stock. And he plans to continue spending at that pace. Blue Origin Stock: The Company’s ProgressĮvery year, Bezos spends $1 billion on Blue Origin. Let’s look at some key information about the company’s progress. And that’s why investors are looking for a Blue Origin IPO. The company recently started taking bids for its first commercial seat with its first astronaut crew. Blue Origin is developing partially and fully reusable launch vehicles. The company aims to expand, explore, and find new energies and resources to move industries into space. Blue Origin has 3,500 employees.īezos’ goal is to enable people to live and work in space in order to preserve Earth. The company manufactures aerospace crafts and provides sub-orbital spaceflight services. Jeff Bezos, the founder of Amazon (Nasdaq: AMZN), founded Blue Origin in 2000. So here’s everything you need to know… Blue Origin IPO: What Is It?īlue Origin is a commercial space company. If Blue Origin goes public, investors need to be ready. But that doesn’t mean the option is off the table. The company has set 2018 as its intended timeframe for beginning these flights, and Bezos showed the Symposium a full-scale mock-up of what the eventual tourist passenger capsule provided 11-minute jaunts to space will look like.Will there be a Blue Origin IPO? Unlike Elon Musk, Jeff Bezos hasn’t confirmed that investors will see his space company’s stock anytime soon. Bezos’ pockets run deep, of course, and Blue Origin seems as much a passion project as a business venture for the Amazon founder, so expect him to continue spending at the rate he is currently.Īlso like SpaceX, Blue Origin hopes to send tourists to space. Like SpaceX, Blue Origin is aiming to begin transporting people to space, with development of its New Glenn launch system intended for that purpose progressing, with a total projected cost of around $2.5 billion. Bezos reiterated Musk’s belief that reusable rockets are the key to reducing the cost of spaceflight, but said that they share a different “engineering approach” to SpaceX, despite the similarity of their goals. The ultimate goal of the company is also to make spaceflight inexpensive enough that it’s reasonable to build businesses in space, including in orbit and beyond. Bezos told attendees at the 33rd Space Symposium that he sells around $1 billion worth of Amazon stock every year to help fund Blue Origin, which is a relative drop in the bucket compared to the $73.54 billion value of his total holdings as of the close of trading Wednesday.īlue Origin eventually aims to become an operation that’ profitable in its own right, and is pursuing reusable rocketry along the same lines of Elon Musk’s SpaceX. Amazon founder Jeff Bezos uses his considerable stake in the ecommerce company to fund his other company, private launch provider Blue Origin, Reuters reports.
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