Wednesday, April 5, 2017

Jeff Bezos will sell Amazon stock every year to fund Blue Origin

Amazon CEO Jeff Bezos said today that he plans to sell $1 billion worth of stock in the e-commerce giant every year to help fund his spaceflight company Blue Origin, according to SpaceNews. As the world’s second richest person with a net worth of more than $78 billion, behind only Bill Gates, Bezos certainly has the financial resources to do that for many more decades. That bolsters the chances that Blue Origin will stay competitive with Elon Musk’s SpaceX as the two companies continue to pioneer privatized space transportation, both for the commercial and tourism industries.

Bezos is pouring billions into Blue Origin

Bezos was speaking at the 33rd annual Space Symposium in Colorado Springs, where he outlined his plans for the future of...

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