Biodun Iginla, BBC News

Biodun Iginla, BBC News
Showing posts with label Blue Origin rocket company. Show all posts
Showing posts with label Blue Origin rocket company. Show all posts

Wednesday, April 5, 2017

Bezos will sell $1 billion of Amazon stock a year to fund rocket venture

Thursday Apr 6, 2017 | 01H:42  GMT.UTC/ZULU TIME
Amazon.com Chief Executive Jeff Bezos said on Wednesday he is selling about $1 billion worth of Amazon stock per year to fund his Blue Origin rocket company, and expects to spend about $2.5 billion developing a rocket capable of lifting satellites and eventually people into orbit.

Blue Origin is aiming to launch paying passengers on 11-minute suborbital space rides next year, Bezos told reporters at the U.S. Space Symposium here.