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 bezos sells 1 bn in amazon stock yearly to pay for rocket firm
bezos sells $1 bn in amazon stock yearly to pay for rocket firm

Billionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018.

bezos sells $1 bn in amazon stock yearly to pay for rocket firm

In this handout photo from Blue Origin, the rocket prepared for its third successful vertical landing in a test last yearBillionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018.
Speaking Wednesday at the 33rd Space Symposium in Colorado Springs, Colorado, Bezos vowed to lower the cost of space travel and start taking customers to space by next year.The entrepreneur did not say how much a ticket would cost, as he showed off the New Shepard rocket and a mock-up of the large-windowed capsule that tourists will one day ride to suborbital space—just past the Karman Line some 62 miles (100 kilometers) above Earth—and back.Nor did he say how much of h

jeff bezos sells amazon stock to invest in blue origin

Jeff Bezos at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, on April 5, 2017.  Matthew Staver—Bloomberg/Getty Images(COLORADO SPRINGS, Colo.) - 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.Blue Origin had hoped to begin test flights with company pilots and engineers in 2017, but that probably will not happen until next year, Bezos told reporters at the annual U.S. Space Symposium in Colorado Springs.“My business model right now … for Blue Origin is I sell about $1 billion of Amazon stock a year and I use it to invest in Blue

jeff bezos sells $1 bn of stock for space dream

Consumer discretionary lead Wall Street gains, Trump-Xi meet eyedBusiness StandardAmazon CEO is selling the retail giant's stock every year to finance his Blue Origin rocket companyNicholas St Fleur  April 7, 2017 Last Updated at 01:54 ISThttp://mybs.in/2UUt5YW

jeff bezos pumps his personal fortune into blue origin

Bezos owns Blue Origin, which is currently developing a reusable rocket that could take passengers on commercial suborbital space flights from as early as next year. "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 at the Space Symposium conference in Colorado on Wednesday. "So the business model for Blue Origin is very robust."Last week, the spaceflight company released the first interior photos of its New Shepard capsule, revealing a spacious cabin with enormous windows. As passengers will be asked to hand over as much as $300,000 for a ticket to space, Bezos and co. believe comfortable recliners -- at least in comparison to SpaceX's Crew Dragon capsule -- and expansive views will make the cost wor

here’s why the imminent test of jeff bezos’ be-4 rocket engine is a huge deal

Enlarge/ Blue Origin founder Jeff Bezos has an important engine test coming up soon.Win McNamee/Getty ImagesShare this storyKey Blue Origin officials have begun to drop hints about the imminent hot-fire test of the company's new rocket engine, the BE-4. Jeff Bezos recently said to expect a full-scale engine test "in the coming weeks." And last Wednesday the company's director of business development, Brett Alexander, said during a Center for Strategic and International Studies panel discussion the test "was coming soon."For many people, a rocket engine is just a rocket engine. But Blue Origin's new engine is a big deal for a number of reasons, not the least of which is its 550,000 pounds of thrust at sea level, more powerful than a space shuttle main engine, which had 418,000 pounds of thr

apple sued over 'error 53' iphone shutdowns

Jeff Bezos sells $1 bn of stock for space dreamBusiness StandardAustralian regulator acts after tech company "bricked" devicesByron Kaye  April 7, 2017 Last Updated at 02:02 ISThttp://mybs.in/2UUt5YY

jeff bezos says nasa should return to the moon, and he’s ready to help

Enlarge/ Jeff Bezos, chief executive officer of Amazon (far left), listens during a technology summit with then President-elect Trump in December, 2016.Drew Angerer/Getty ImagesShare this storyUntil the last year, Jeff Bezos has kept the plans for his rocket company, Blue Origin, largely under wraps. Since then, he has talked about doing suborbital space tourism flights, building an orbital rocket, and now he has begun to open up about ambitions beyond low Earth orbit. And unlike SpaceX and its Mars ambitions, Blue Origin has its focus on the Moon.The Washington Post first reported on the "Blue Moon" concept Thursday evening, which Bezos has articulated in a seven-page white paper sent to NASA leadership and President Trump's transition officials over the last two months. The proposal outl

unboxing amazon's ambitions

The company is quietly targeting India for new brick-and-mortar grocery stores.Two weeks ago in Palm Springs, California, Jeffrey P Bezos, the chief executive of Amazon, climbed into the cockpit of a 13-foot robot and began flailing his arms as if warming up for a workout, causing the robot’s enormous appendages to mimic his movements. “Why do I feel so much like Sigourney Weaver?” Bezos said, referring to the actress who wore a mechanical suit in a climactic battle in the 1986 movie “Aliens.” The intimate audience of entrepreneurs and academics, attending an Amazon conference on robotics and artificial intelligence, chuckled. Later, Bezos posted a photo on Twitter of himself in the suit with a more menacing air, the robot’s arms raised as if about to deliver a bone-crushing bear hug. For

amazon wants to deliver products to the moon

+2,580
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+3,778
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+2,352
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+2,901
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+3,718
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+3,357
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+1,841
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+2,054
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+2,507
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+2,772
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+3,010
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+3,289
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+220
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if t

amazon wants to deliver products to the moon

+3,212
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+3,128
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

amazon wants to deliver products to the moon

+1,421
Quentyn Kennemer Mar 3rd, 2017We’re still marveling at the thought of drones delivering our Amazon Prime shipments for free, but company owner Jeff Bezos is looking far deeper than we anticipated with this whole delivery thing.The Washington Post — which is a Bezos-owned publication — independently obtained a copy of a white paper from Bezos’ space-oriented company Blue Origin. The 7-page paper acts as an introductory letter of intent to NASA for the company’s blessings in developing systems for delivering items to the moon.Bezos — any many others in the space field — believe we’re closer than ever to returning to the moon after not having been there for over 40 years. There’s a strong belief that attempts to begin settlements on the moon are a real possibility these days, even if

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