ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Bezos and crew host a giddy press conference after Blue Origin’s inaugural crewed launch

Jeff Bezos was so triumphant he was practically glowing at a press conference following the Blue Origin’s first crewed mission to space, 21 years after he founded the company in 2000. The billionaire talked about the future of the company and his role in it, and then casually gave away a couple hundred million dollars. […]

Jeff Bezos was so triumphant he was practically glowing at a press conference following the Blue Origin’s first crewed mission to space, 21 years after he founded the company in 2000. The billionaire talked about the future of the company and his role in it, and then casually gave away a couple hundred million dollars.

Bezos was one of four that rode in the RSS First Step capsule; the others were his financier brother, Mark; aviation legend and Mercury 13 veteran Wally Funk; and 18-year-old Oliver Daemen, the son of the second-highest bidder on the Blue Origin seat auction. (The $28 million dollar winner postponed his seat due to scheduling conflicts.)

The company now joins a very tiny circle of companies that have sent private citizens to space, in the biggest boost yet for the nascent space tourism industry. Tuesday also marks the 52nd anniversary of the Apollo 11 moon landing, the next step in space travel paying homage to the very first.

The press conference opened with the grinning foursome being pinned with astronaut ‘wings,’ a badge traditionally granted to those that have gone to space. “I’m so happy,” said Bezos at the press conference, donning the same cream cowboy hat he wore moments after emerging from the capsule a little over two hours earlier.

Blue Origin’s New Shepard carries Jeff Bezos and three crew members to space and back

Bezos also thanked the city of Van Horn, acknowledging Blue Origin has made “a dent in it,” and followed by thanking every Amazon employee, plus its millions of customers: “Seriously, you paid for this.”

They also showed a brief video of the four crew members cavorting in four minutes of microgravity, including footage of the crew members catching floating Skittles in their mouths.

This is the second suborbital mission crewed entirely by private citizens this month alone, a first in history. The first was accomplished by Virgin Galactic’s VSS Unity, a rocket-powered spaceplane, on July 11; its founder, billionaire Richard Branson, was aboard, which helped foment a truly petty spat between the two ultra-wealthy founders. That aside, the two flights have helped make space tourism more of a reality than ever before.

The flight will also likely be a boost for Blue Origin’s commercial heavy-lift rocket launch arm, which for the moment is largely occupied by Elon Musk’s SpaceX. The same technologies that are used to perfect New Shepard’s reusability could come in handy for the development of New Glenn, the company’s massive orbital launch. Bezos said in February that the company was pushing the inaugural launch of New Glenn from late 2021 to the latter quarter of 2022.

Jeff Bezos speaks into a mic at the blue origin press conference.

Image Credits: Blue Origin / YouTube

“The fact of the matter is, the architecture and the technology we’ve chosen is complete over-kill” for space tourism, Bezos said. Instead, Blue Origin chose it “because it scales […]  the whole point of this is to get practice” for larger and heavier missions.

On why Blue Origin chose liquid fuel, he reiterated that it’s practice for future launches. “Every time we fly this tourism mission, we practice flying the second stage of New Glenn.”

In December 2020, NASA added Blue Origin to its roster of space companies eligible to compete for contracts under its Launch Services II program. While it doesn’t guarantee that New Glenn or any other Blue Origin rocket would be awarded a launch contract, it’s the first step to getting there.

Jeff Bezos confirmed that Blue Origin will fly two additional crewed launches this year alone, but it has yet to announce the price per seat. “We want the cadence to be very high […] We’re approaching $100 million in private sales already.” When asked how to get the cost per seat down, Bezos said the space tourism industry would follow the trajectory of commercial space travel, now widely used by millions of travelers each year.

At the end of the conference, Bezos announced he was starting a $100 million Courage and Civility Award, with CNN contributor Van Jones and Michelin star chef José Andrés as the first two recipients. The winner will give that money away to the charities of their choice. The award is for people who apparently demonstrate civility and resist ad hominem attacks. Reading between the lines (frankly, you don’t even really have to do that) it seems like a commentary on contemporary political discourse, especially the emphasis on civility in disagreement.

Looking to the future, the Amazon founder said he would split his time between Blue Origin and the Bezos Earth Fund, a $10 billion investment fund focused on climate change.

“This is not about escaping Earth. The whole point is, this is the only good planet in the solar system,” Bezos said. “We have to take care of it.”

Rewatch the press conference here:

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.