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Amazon's billionaire founder Jeff Bezos to fly to space next month

Stock MarketsJun 07, 2021 01:16PM ET
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2/2 © Reuters. FILE PHOTO: Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018. REUTERS/Joshua Roberts/File Photo 2/2

(Reuters) -Amazon's billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month.

"Ever since I was five years old, I've dreamed of traveling to space. On July 20th, I will take that journey with my brother," Bezos, who is one of the richest people in the world, said in an Instagram post.

Bezos, who is due to step down as Amazon (NASDAQ:AMZN)'s chief on July 5, will join the winner of an auction for a seat on the first space flight from Blue Origin.

Bezos, fellow billionaires Elon Musk and Richard Branson have been investing billions of dollars on their rocket startups, but Bezos will be the first of the three to actually travel into space on a rocket developed by his own company.

The Blue Origin spacecraft, which is set to carry Bezos and others, has undergone 15 test flights, none of which had any passengers onboard.

Blue Origin closed the first round of the auction last month and said it had received more than 5,200 bidders from 136 countries, without disclosing the highest bid from the round.

The current highest bid stood at $2.8 million in the ongoing second round of auction, according to Blue Origin's website. (www.blueorigin.com)

Its New Shepard rocket-and-capsule combo is designed to autonomously fly six passengers more than 62 miles (100 km) above Earth into suborbital space, high enough to experience a few minutes of weightlessness and see the curvature of the planet before the pressurized capsule returns to earth under parachutes.

The capsule features six observation windows and are nearly three times as tall as those on a Boeing (NYSE:BA) 747 jetliner and the largest ever used in space, Blue Origin said.

Bezos's rocket startup is targeting July 20 for its first suborbital sightseeing trip, a landmark moment in a competition to usher in a new era of private commercial space travel.

The startup was planning to charge passengers at least $200,000 for the ride, based on an appraisal of rival plans from Branson's Virgin Galactic Holdings (NYSE:SPCE) Inc and other considerations, Reuters reported in 2018, but its thinking may have changed.

Global insurers as still in the early stages when it comes to covering liabilities surrounding space travel. Life insurers do not ask about space tourism or exclude it from their coverage.

"You will sign this waiver of liability and provided there's no gross negligence or willful misconduct, if you don't survive, unfortunately, there's probably no financial recovery," said Richard Parker of Assure Space, a unit of insurer AmTrust Financial.

Amazon's billionaire founder Jeff Bezos to fly to space next month
 

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Comments (18)
JonMichael Patrick
JonMichael Patrick Jun 09, 2021 6:11AM ET
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80 years of supersonic flight and beyond has shown us test pilots and astronauts and those who push the limits do not always live very long. it's littered with castrophic failures that all the world's money cannot completely remove. this will remain risky and expensive for many decades. look at aviation in general and those who have pushed the envelope... these endeavors are awesome and I'm all for it, but don't expect all of these attempts to just go smoothly
Hung Pham
Hung Pham Jun 07, 2021 10:31PM ET
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One way trip
William Chan
William Chan Jun 07, 2021 7:36PM ET
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Bezos going to space so he can tell his brother that he looked his ex, dead in her opticals and said b****
Will Back
Will Back Jun 07, 2021 3:17PM ET
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gone with the wind
Aleksandr Rogovoy
Aleksandr Rogovoy Jun 07, 2021 3:17PM ET
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congratulations,have a nice flight, hope see you be again.or....
Matt Novakovich
Matt Novakovich Jun 07, 2021 1:38PM ET
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getting away from his ex
Meru Pet
Meru Pet Jun 07, 2021 1:35PM ET
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"Are you Captain Picard ?"
Gábor Kardos
Gábor Kardos Jun 07, 2021 12:38PM ET
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cool.... what do you do during july vacation? going for a space travel.
Juan Santan
Juan Santan Jun 07, 2021 11:24AM ET
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good job, congrats
Bran Hollywood
Bran Hollywood Jun 07, 2021 11:09AM ET
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🤞🏻wont come back
Vyankatesh Patil
Vyankatesh Patil Jun 07, 2021 11:09AM ET
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The Fartman is here again..lol
Pat Mathieu
Pat Mathieu Jun 07, 2021 11:09AM ET
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lol
David Xanatos
David Xanatos Jun 07, 2021 10:30AM ET
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These comments are productive 🙄
Pratt Man
Pratt Man Jun 07, 2021 10:11AM ET
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rocket man......
Dennis Touey
Dennis Touey Jun 07, 2021 10:11AM ET
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Stay up there, Jeff. Best move you could make. Go ride the great space coaster.
Steve Lora
Steve Lora Jun 07, 2021 10:10AM ET
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Maybe he get molested by bisexual space aliens
vince smith
vince smith Jun 07, 2021 10:08AM ET
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what could possibly go wrong
Luu Hung
Luu Hung Jun 07, 2021 10:00AM ET
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What if he doesn't come back
David David
David9 Jun 07, 2021 8:33AM ET
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Bozos is not so smart after all if he chooses to do this...
Rémy Boulaye
RémySZ Jun 07, 2021 8:00AM ET
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If I had shares of AMZN, I would be scary.
surely joking
surely joking Jun 07, 2021 7:54AM ET
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*record scratch* You're probably wondering how I got into this situation. Well it all started with an online bookstore called amazon...
 
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