Jeff Bezos sells $ 1 billion in stocks a year to send rockets into space

by bold-lichterman

  • The founder of Amazon aims to offer the first 11-minute suborbital flight to paying travelers.
  • Jeff Bezos is at the head of a fortune estimated at 75.7 billion dollars.

Jeff Bezos still has his head in the stars. To reach them, the boss of Amazon does not hesitate to use great means. Already at the helm of an estimated fortune of $ 75.7 billion, making him the second richest man in the world behind Bill Gates, Jeff Bezos has said he sells $ 1 billion of his shares annually. in Amazon to finance Blue Origin, his aerospace firm.

Initially, Blue Origin was scheduled to launch its first test flights this year of the program intended to carry passengers a hundred kilometers above the surface of the Earth. However, these tests will certainly be postponed until 2018, according to Jeff Bezos. The founder of Amazon aims to offer the first 11-minute suborbital flight to paying travelers. They will have to pay $ 300,000 to get their boarding pass.

Jeff Bezos facing Elon Musk’s ambition

However, Jeff Bezos is not the only one who wants to offer flights in space to individuals at a reduced cost. Tesla boss Elon Musk has embarked on a star wars against the strongman of the US trade giant with his aerospace company SpaceX. With this, he sets himself the goal of sending manned missions to Mars.

To stay in this space race, Blue Origin announced the New Glenn rocket project last September. The first stage of the rocket will be reusable, which means it can be used for multiple launches. However, the launcher will not be operational until 2020. Time is running out for Jeff Bezos as Elon Musk has just achieved a decisive success. Indeed, SpaceX succeeded in launching a rocket, the first stage of which had already been used for a previous launch. This is a first in the history of the space industry.

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