Thursday, April 06, 2017

Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space - The New York Times

That funding strategy could be good for another 75 years or so...
"Standing against the backdrop of his New Shepard rocket booster and a full-scale mock capsule for carrying humans into space, Jeff Bezos revealed on Wednesday that he was selling about $1 billion in Amazon stock a year to finance his Blue Origin rocket company.

Mr. Bezos, the billionaire founder of Amazon, showed off the reusable rocket booster and the mock-up of the capsule that will take people up for panoramic views back down at earth, during a symposium here.

Mr. Bezos, who hopes to build Blue Origin into a commercial and tourist venture, also disclosed that it would cost about $2.5 billion to develop an even bigger rocket, New Glenn, capable of lifting satellites and, eventually, people into orbit."
Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space - The New York Times
Post a Comment