CNBC reports that Blue Origin founder Jeff Bezos has sold more shares in his Amazon company.
The series of sales began on Jan. 31, the filings show, and continued through Feb. 3, and were executed under a pre-arranged trading plan. In total, Bezos sold 905,456 shares in the company for $1.84 billion, according to the filings.
Bezos has said he will sell Amazon shares to help fund his Blue Origin space company. He made similar sales of stock in 2017 and 2019.
The sales became publicly known as Amazon’s market capitalization topped $1 trillion.
PARIS (IAF PR) — On 22 October 2019, Blue Origin Founder, Jeff Bezos, is to receive the International Astronautical Federation (IAF) Excellence in Industry Award at the 70th International Astronautical Congress – IAC 2019, to take place from 21 – 25 October in Washington D.C., United States.
The IAF Excellence in Industry Award recognizes an industry organization for outstanding and sustainable advancements in space, showing the merits of leadership in developing and executing landmark commercial and civil space missions and for being a role model for cooperation in the global space industry workforce.
For its first awardee, the IAF has selected Blue Origin for its significant and sustainable contribution towards enabling an enduring human presence in space through its New Shepard launch system and BE-3 liquid hydrogen rocket engine.
Designed for human spaceflight and operational reusability, New Shepard has made 11 historic flights to space. These missions have long-term benefits destined to ignite a new era of commercial human access to space at a dramatically lower cost and with increased reliability.
The IAF Excellence in Industry Award Ceremony will take place on Tuesday 22 October 2019 from 08:00 – 08:25 in the Grand Ballroom of the Walter E. Washington Convention Center.
Jean-Yves Le Gall, IAF President, Pascale Ehrenfreund, IAF Incoming President, and Bruce Chesley, IAF Vice President for Industry Relations, will announce Blue Origin as the 2019 Recipient. The Ceremony will be followed by a fireside chat interview with Jeff Bezos.
Amazon Founder and CEO Jeff Bezos sold $1.8 billion worth of shares in the company in July, according to papers filed with the Securities and Exchange Commission (SEC). He netted about $1.4 billion after taxes from the sale of more than 900,000 shares.
Bezos, who is worth an estimated $116 billion, has said that he has been selling about $1 billion in Amazon stock annually to fund his Blue Origin space company.
Bezos also gave 19.7 millions shares worth nearly $36.8 billion to his former wife, MacKenzie, to settle their divorce.
Jeff Bezos and Amazon.com marked Independence Day by filing an application with the Federal Communications Commission to launch 3,236 satellites to provide global Internet services from space. The Los Angeles Timesreports:
Amazon in its FCC application said its satellites would operate at altitudes of about 370 to 390 miles (590 to 630 kilometers).
Amazon Chief Executive Jeff Bezos last month said the Kuiper project would cost “multiple billions of dollars.” The project is separate from Bezos’ space launch vehicle maker, Blue Origin.
In its FCC filing, Amazon said it would help serve U.S. communities “by offering fixed broadband communications services to rural and hard-to-reach areas.” The Kuiper System will help mobile network operators to expand wireless services, Amazon said in its application. It also offered the prospect of “high-throughput mobile broadband connectivity services for aircraft, maritime vessels and land vehicles.”
Amazon is in a race with OneWeb, SpaceX and other companies to provide global broadband services from space. SpaceX has received approval for nearly 12,000 satellites and launched the first 60 spacecraft of its Starlink constellation in May. OneWeb launched the first six of a planned 648 satellites in February.
Jeff Bezos’ Amazon has jumped into a crowded field of companies seeking to provide high-speed broadband, data and other communications services to the entire globe.
Amazon’s Kuiper constellation of 3,236 satellites brings the total number of spacecraft in the 16 announced systems to 20,241 spacecraft. The competition includes SpaceX, Boeing, Telesat, SES and government-backed companies in China and Russia.
SEATTLE & BETHESDA, Md.–(Amazon Web Services/Lockheed Martin PR) — Today at AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ:AMZN), and Lockheed Martin (NYSE: LMT) announced a strategic collaboration to integrate the new AWS Ground Station service with Lockheed Martin’s new Verge antenna network.
AWS and Lockheed Martin are bringing these two highly capable systems together to provide a solution that addresses customer needs for resilient satellite uplinks and downlinks. Through this integration, customers using AWS Ground Station gain the ability to download data from multiple satellites at the same time and to continue downloading data even when unplanned outages like a weather event impact parts of the network.
Elon Musk has made his first appearance on the Forbes list of the world’s billionaires. The 40-year-old entrepreneur has landed at 634 on the list with an estimated net worth of $2 billion.
Musk has developed the Falcon 9 rocket and Dragon vehicle to send cargo and crew to the International Space Station. His company, SpaceX, has received money under NASA’s COTS (for cargo) and CCDev (crew) programs. He is also reported to have invested up to $100 million of his own funds into SpaceX.
In addition to his involvement with SpaceX, Musk is a trustee of the X PRIZE Foundation, whose space competitions include the Ansari X Prize, the Google Lunar X Prize and the Northrup Grumman Lunar Lander Challenge.
The South African-born entrepreneur also runs two other companies, the electric car producer Tesla Motors and SolarCity, which provides solar energy systems.