June's AI-picked stock updates now live. See what's new in Tech Titans, up 28.5% year to date.Unlock Stocks

Bezos' space company aims for passenger flights in 2018

Published 03/08/2016, 11:00 PM
© Reuters. Handout Blue Origin photo shows Blue Origin team members ready the New Shepard Crew Capsule during assembly in Kent, Washington
BA
-
AMZN
-
LMT
-
OA
-

By Irene Klotz

KENT, Wash. (Reuters) - Jeff Bezos' space company Blue Origin expects to begin crewed test flights of its reusable suborbital New Shepard vehicle next year and begin flying paying passengers in 2018, Bezos told reporters on Tuesday.

Bezos’ remarks, made during the first ever media tour of the Blue Origin manufacturing facility, marked the first time the billionaire founder of Amazon.com (O:AMZN) had put a target date on the start of the commercial space flights Blue Origin is developing.

"We’ll probably fly test pilots in 2017, and if we’re successful then I’d imagine putting paying astronauts on in 2018,” Bezos said at the sprawling plant south of Seattle

The company expects to build six New Shepard vehicles, which are designed to autonomously fly six passengers to more than 62 miles (100 km) above Earth, high enough to experience a few minutes of weightlessness and see the planet set against the blackness of space.

Blue Origin’s first reusable rocket was lost in a test flight in April 2015, though the capsule parachuted safely back to the ground. A second ship has made two test flights, and Blue Origin is in the process of assembling its next two vehicles, which, for the first time, include windows for paying passengers.

Blue Origin has not yet settled on a price for rides, but Bezos said it will be competitive with what other companies, such as Richard Branson’s Virgin Galactic, are charging for similar flights.

Galactic is selling tickets to fly on its six-passenger, two-pilot SpaceShipTwo for $250,000. The company last month unveiled its second spaceship and expects to begin test flights soon. The first SpaceShipTwo was lost during a fatal test flight in October 2014.

Privately owned XCOR Aerospace, which is developing a two-person space plane called Lynx, is charging about $100,000 for one person to fly alongside a pilot.

Bezos said he has invested more than $500 million in Blue Origin, which is on track to double its staff to about 1,200 within the next year. He said that he would continue to foot the company’s bills “for as long as necessary.”

Bezos expects Blue Origin to become profitable at some point. “I’m optimistic it will be a healthy business,” Bezos said.

Blue Origin also is working on rocket engines for United Launch Alliance, a partnership of Lockheed-Martin (N:LMT) and Boeing (N:BA), and for Orbital ATK (N:OA).

© Reuters. Handout Blue Origin photo shows Blue Origin team members ready the New Shepard Crew Capsule during assembly in Kent, Washington

"It’s very gratifying that the world’s premier launch companies are choosing our engines,” Bezos said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.