Bezos Funding Blue Origin by Selling $1 Billion in Amazon Stock Annually

New Shepard crew capsule (Credit: Blue Origin)

This week, Jeff Bezos revealed how he is funding Blue Origins, when human flights on New Shepard will begin, and the approximate cost of developing the New Glenn launch vehicle.

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….

Blue Origin is developing a second launch system to carry satellites, and eventually people, into orbit, similar to SpaceX’s Falcon 9 and Dragon capsule.

Development costs for that system, known as New Glenn, will be about $2.5 billion.

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