Watch Jeff Bezos’ Blue Origin NS-19 stay: First six passenger crew

[The livestream is slated to begin at 8:15 a.m. ET. Please refresh the page if you do not see the web player above.]

Jeff Bezos’ Blue Origin will launch its New Shepard rocket on Saturday for the sixth time this year, a mission in which the company will launch six passengers simultaneously for the first time.

Named NS-19, this New Shepard mission will bring a crew of two guests and four customers: astronaut Alan Shepard’s daughter, Laura Shepard Churchley, TV presenter and NFL star Michael Strahan, space manager Dylan Taylor, investor Evan Dick, the venture capitalist Lane Bess and his son Cameron Bess.

The company is currently aiming for NS-19 to launch at 9:45 a.m. EST.

The NS-19 crew takes a look at their journey into space. From left: Laura Shepard Churchley, Michael Strahan, Evan Dick, Lane Bess, Cameron Bess and Dylan Taylor.

Blue origin

The NS-19 mission will bring Blue Origin to 14 people launching into space in 2021. The year has seen a spate of private manned space activity, with three US companies taking passengers over the edge of space or into orbit.

The rocket will launch from Blue Origin’s private facility in West Texas and reach over 100,000 kilometers (or more than 340,000 feet in altitude) before safely returning to Earth a few minutes later. From start to finish, the launch is expected to take around 11 minutes. The crew should experience weightlessness for about three minutes.

New Shepard’s capsule will accelerate to more than three times the speed of sound to exceed the 80-kilometer (roughly 50 miles) limit that the U.S. is using to mark the edge of space. The capsule is flown autonomously without a human pilot and returns under a set of parachutes to land in the Texas desert.

The New Shepard rocket booster is reusable and will attempt to return and land on a concrete platform near the launch site.

The company also flies New Shepard for cargo missions, as in Augustcarrying research payloads in the capsule.

This photo of Blue Origin, Blue Origins New Shepard rocket, is on a launch pad near Van Horn, Texas on Tuesday July 20, 2021.

Blue origin | Reuters

Jeff Bezos’ Blue Origin unveils Orbital Reef personal area station

WASHINGTON – Jeff Bezos’ Blue Origin announced on Monday its plan for a private space station called “Orbital Reef”, which is to be built in collaboration with several space companies and is expected to be deployed between 2025 and 2030.

Blue Origin describes the Orbital Reef station, which would be habitable for up to 10 people, as a “mixed-use business park” in space – as well as “exotic hospitality” for space tourists.

Orbital Reef is designed to have almost as much habitable volume as the International Space Station.

The company’s primary partner for the station is Sierra Space, a subsidiary of aerospace company Sierra Nevada Corporation Boeing, Redwire room and Genesis Engineering.

“We are only just beginning to understand the enormous impact microgravity research, development and manufacturing can have, not just on universe exploration and discovery, but also on improving life on earth,” said Mike Gold, executive vice President of Redwire, opposite CNBC.

Redwire Space’s shares were temporarily held on the New York Stock Exchange after rising following the announcement. The stock rose as much as 40% in trading but gave up most of the gains and ended the day 8% higher at $ 13.14.

A rendering of the space station “Ocean Reef” in orbit.

Blue origin

Blue Origin will provide the “utility systems” and “core modules” of the space station and plans to launch Orbital Reef with its New Glenn rocket.

Sierra Space is contributing its LIFE (Large Integrated Flexible Environment; essentially an inflatable space station module) and plans to use its Dream Chaser spacecraft to transport cargo and crew to and from the station.

Redwire room, which went public in September, will carry out the station’s payload operations and build operational structures. Redwire also plans to use Orbital Reef for microgravity research, development and manufacturing.

Boeing will build Orbital Reef’s science-based module and operate the station and perform maintenance engineering. The aerospace giant also plans to use it his Starliner capsule for the transport of crew and cargo to the station.

Genesis Engineering will bring in its “Single Person Spacecraft” system, which the company is calling as an alternative to a spacesuit.

In a conference call with reporters, executives from the team’s companies declined to reveal how much each of them would like to invest in Orbital Reef.

Blue Origin Vice President Brent Sherwood said the team will not give a “specific number” on how much the Orbital Reef space station will cost, adding that the financial numbers are commercially sensitive.

Bezos’ company has been considering building a space station for more than a year since CNBC previously reported, and added a number of job postings for his Orbital Destinations team earlier this month.

Bezos’ vision: living and working in space

Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin’s space exploration plans in Washington, the United States, on May 9, 2019.

Clodagh Kilcoyne | Reuters

The space station race is heating up

Blue Origin intends to compete for one of NASA’s anticipated contracts for the Commercial LEO Destinations program, but Bezos’ company is not alone. NASA’s director of commercial space, Phil McAlister, told CNBC last month that the program had received “about a dozen proposals” from a variety of companies for contracts.

With NASA planning to decommission the International Space Station by the end of the decade, the CLD program represents an attempt to turn to private companies for new space stations – with the space agency expecting to save more than $ 1 billion annually.

“We are in a second golden age in space exploration and development,” said Redwire’s Gold.

Last week, another private space station was announced by a separate team of companies: Nanoracks, Voyager Space, and Lockheed Martin are building a station called Starlab, which is scheduled to go into operation by 2027.

Starlab is to be manned by up to four astronauts, which corresponds to about a third of the volume of the ISS.

Concept drawing of a space station “Starlab”

Nanoracks

NASA has already started funding a company’s ambitions under a separate contract from the CLD program after Axiom Space with $ 140 million. Axiom plans to build modules that will be connected to the ISS. When the ISS retired, Axiom would then dismantle its modules and turn it into a free-flying space station.

An illustration of three of the company’s modules connected to the International Space Station.

Axiom space

Jeff Bezos’ Blue Origin launches William Shatner to house and again

[The livestream is set to begin at 8:30 a.m. ET. Please refresh the page if you do not see the web player above.]

Jeff Bezos’ Blue Origin launched its New Shepard rocket for the fifth time this year on Wednesday, and Canadian actor William Shatner joined the company’s second manned spaceflight to date.

This New Shepard mission, called NS-18, led a crew of four: Shatner, Blue Origin VP of Mission and Flight Operations Audrey Powers, Planet Labs co-founder Chris Boshuizen, and Medidata co-founder Glen de Vries.

It took off at about 10:50 a.m. ET.

The crew of NS-18, from left: Audrey Powers, William Shatner, Dr. Chris Boshuizen and Glen de Vries.

Blue origin

Shatner, who played Captain Kirk in the original television series “Star Trek”, is 90 years old and the oldest person to fly into space, starting with a crew in July.

The rocket launched from Blue Origin’s private facility in West Texas and reached over 100,000 kilometers (or more than 340,000 feet in altitude) before safely returning to Earth a few minutes later. The start took about 11 minutes from start to finish. The crew experienced weightlessness for about three minutes.

Star Trek actor William Shatner, along with former NASA engineer Chris Boshuizen, clinical research entrepreneur Glen de Vries, and Blue Origin Vice President and Engineer Audrey Powers receives NS-18 from Blue prior to their suborbital flight on New Shepard’s NS-18 mission Origin near Van Horn, Texas, USA in a still from a video broadcast on October 13, 2021.

Blue origin | Reuters

The New Shepard capsule accelerated to more than three times the speed of sound to exceed the 80-kilometer (about 50 miles) limit that the U.S. uses to mark the edge of space. The capsule will be flown autonomously without a human pilot and returned under a set of parachutes for landing in the Texas desert.

The New Shepard rocket booster is also reusable and landed on a concrete platform near the launch site. NS-18 was the fourth take-off and landing for this booster.

The company also flies New Shepard for cargo missions, as in Augustcarrying research payloads in the capsule.

The NS-18 crew returns in the New Shepard capsule.

Blue origin

Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
Sign in to start one Try it for free today.

Jeff Bezos’ Blue Origin: Essay claims ‘poisonous’ office

Jeff Bezos

Elif Öztürk | Anadolu Agency | Getty Images

According to an article published Thursday, 21 current and former employees of Jeff Bezos’ Blue Origin claim the space company is a “toxic” place to work.

Led by former Blue Origin Head of Employee Communications, Alexandra Abrams, the paper claims that the The company urges workers to sign strict nondisclosure agreements, suppresses internal feedback, ignores safety concerns, and creates a sexist environment for women. There were also examples of alleged sexual harassment.

“I’m far enough from that that I’m not afraid to silence myself about them,” Abrams said in a CBS interview that aired Thursday.

The essay was posted on the Lioness website on Thursday. It was signed by Abrams and said it was endorsed by 20 other current and former employees whose names were not listed.

In response to CNBC’s request for comment, Linda Mills, Blue Origin’s vice president of communications, said Abrams was “dismissed for cause” in 2019 “after repeated warnings about issues related to federal export control regulations.”

In response to Blue Origin, Abrams said in a statement to CNBC that it has “never received any verbal or written warnings from management regarding issues related to federal export control regulations.”

Abrams admitted in the CBS interview that she was fired from Blue Origin. She told CBS Mornings that she was “shocked” when she was fired, but her manager said, “Bob and I can no longer trust you,” referring to CEO Bob Smith. According to her LinkedIn account, she now works in employee communications for a large software company.

Alleged sexism and harassment

The essay stated that “gender gaps are common among the aerospace workforce,” but claimed that “they are also manifested in a certain type of sexism at Blue Origin”.

There were two examples from the management level. It was alleged that a “senior executive in the loyal inner circle of CEO Bob Smith” has been repeatedly reported to the company’s human resources department on allegations of sexual harassment. Despite the allegations, the essay states that Smith made the executive a member of Blue Origin’s recruitment committee when the company was in a senior human resources role.

In the second example, a former executive is said to have humiliated women, “called them ‘Baby Girl’, ‘Baby Doll’ or ‘Sweetheart’ and asked about their dating life.” The essay claims that Blue Origin would warn new female employees not to stay away from the executive who allegedly had a “close personal relationship with Bezos.”

“He physically groped a female subordinate so that he could finally be released,” claims the essay.

Mills said in her statement that “Blue Origin has no tolerance for discrimination or harassment of any kind”.

“We are offering a variety of options to our employees, including a 24/7 anonymous hotline, and will promptly investigate any new allegations of misconduct,” added Mills.

Blue Origin is headquartered in Kent, Washington.

Blue origin

Blue Origin has also stepped up its use of strict nondisclosure agreements, the article said, and in 2019 urged all employees to sign new contracts with a non-degradation clause, both current and former employees asserted. The letter quoted a senior program director with decades in the aerospace and defense industries who claimed that “working at Blue Origin was the worst experience of my life.”

FAA is investigating security allegations

Safety concerns are another important part of the essay, which claims that “some of the engineers who keep the missiles safe” have either been ousted or paid off after internal criticism.

The paper said that last year Blue Origin’s leadership showed “increasing impatience” with the low airspeed of its suborbital New Shepard rocket, and said the company’s team had to go from “a few flights a year … to more.” than 40 “jump.

“When Jeff Bezos went into space this July, we didn’t share his enthusiasm. Instead, many of us watched with overwhelming discomfort. Some of us couldn’t stand it at all, ”the essay says. “Competing with fellow billionaires – and ‘making progress for Jeff’ – seemed to take precedence over security concerns that would have slowed the schedule.”

The Federal Aviation Administration said in a statement to CNBC Thursday that it is reviewing the safety concerns expressed in the essay.

“The FAA takes every security allegation seriously,” the regulator said in a statement.

The paper claims that environmental concerns were a minor concern at the company, with implications for local ecology and required permits after “the machines showed up” at Blue Origin’s Kent, Washington, facility.

Additionally, Blue Origin’s Kent headquarters – which opened last year – is not a LEED certified building, according to the essay, and claims that it was “built on wetlands drained for construction”.

Blue Origin’s Mills’ statement to CNBC did not address these other issues.

Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
Sign in to start one Try it for free today.

Jeff Bezos’ Blue Origin shedding high expertise throughout NASA lander battle

Jeff Bezos, owner of Blue Origin, unveils a new lunar module called the Blue Moon during an event at the Washington Convention Center on May 9, 2019 in Washington, DC.

Mark Wilson | Getty Images

Jeff Bezos flew into space late last month, but his company has lost top talent since the billionaire space founder returned to Earth.

At least 17 key executives and senior engineers left Blue Origin this summer, CNBC learned, and many will follow suit in the weeks to Bezos’ space travel.

Two of the engineers, Nitin Arora and Lauren Lyons, have announced jobs at other space companies this week: Elon Musks SpaceX and Firefly aerospace, respectively.

Others have been quietly updating their LinkedIn pages over the past few weeks.

Any unannounced departure has been confirmed to CNBC by people familiar with the matter. Those departures include: Steve Bennett, Senior Vice President of New Shepard, Jeff Ashby, Head of Mission Assurance (who has retired), Scott Jacobs, Sales Director for National Security, Bob Ess, Senior Director of New Glenn, Tod Byquist , Senior Director of the First Tier of New Glenn, Senior Finance of New Glenn Manager Bill Scammell, Senior Manager of Production Testing Christopher Payne, New Shepard Technical Project Manager Nate Chapman, Senior Propulsion Design Engineer Dave Sanderson, Senior HLS Human Factors Engineer Rachel Forman, BE-4 Controller Lead Integration and Testing Engineer Jack Nelson, New Shepard Lead Avionics Software Engineer Huong Vo, BE-7 Avionics Hardware Engineer Aaron Wang, Propulsion Engineer Rex Gu, and Rocket Engine Development Engineer Gerry Hudak.

Those who announced they were leaving Blue Origin didn’t say why, but frustration with management and a slow, bureaucratic structure are often cited in employee reviews on the Glassdoor job site.

A company spokesperson highlighted Blue Origin’s growth in a statement to CNBC.

“Blue Origin grew by 850 employees in 2020 and we have grown another 650 in 2021 so far. In fact, we’ve almost quadrupled in the past three years. We continue to occupy important management positions in manufacturing. , Quality, engine design and vehicle design. We are building a team and we have great talent, “said the spokesman.

Some of the retired engineers were part of Blue Origin’s astronaut lunar lander program. Bezos’ company lost its bid for a valuable NASA development contract in April when SpaceX was announced as the only award winner under the Space Agency’s Human Landing System program, receiving a $ 2.9 billion contract.

But even though the Government Accountability Office last month rejected Blue Origin’s protest against NASA’s decision, the company has further escalated its fight to participate in the HLS program. Blue Origin launched for the first time a PR offensive against SpaceX’s Starship Missile and then NASA sued in federal court on Monday.

A $ 10,000 bonus

Jeff Bezos pops champagne after emerging from the New Shepard capsule after his space flight on July 20, 2021.

Blue origin

The company has nearly 4,000 employees in the United States, with headquarters in Kent, Washington, near Seattle, and offices in Cape Canaveral, Florida; Van Horn, Texas; and Huntsville, Alabama.

Ten days after Bezos’ space flight on July 20, Blue Origin gave all of its full-time employees an unconditional cash bonus of $ 10,000, several people familiar with the situation told CNBC. None of Blue Origin’s contractors received it. The company confirmed the bonus, with a spokesperson saying it was intended as a “thank you” for reaching the milestone of getting humans into space.

Two people told CNBC that the bonus was perceived internally as an attempt by corporate management to persuade talent to stay in response to the number of employees who filed resignations after the introduction.

A look at Glassdoor reveals a marked difference in employee satisfaction with the leadership of Blue Origin compared to that of other leading space companies. According to Glassdoor, only 15% of Blue Origin employees approve of CEO Bob Smith – up from 91% for Elon Musk at SpaceX or 77% for Tory Bruno at the United Launch Alliance.

The HLS fight

A model of the crew lander at NASA’s Johnson Space Center in August 2020.

Blue origin

NASA’s Human Landing System program is one of the critical parts of the agency’s plan, known as Artemis, to return US astronauts to the lunar surface.

Last year NASA awarded nearly $ 1 billion in concept development contracts for HLS – SpaceX received $ 135 million, Read‘Subsidiary Dynetics receives $ 253 million and Blue Origin receives $ 579 million. The space agency then expected to award two of these three companies for hardware development contracts this year. However, after a lack of requested funding for HLS from Congress, NASA decided to only give SpaceX a contract worth about $ 2.9 billion.

Blue Origin and Dynetics each quickly filed protests with the US Government Accountability Office, which stopped NASA’s work on the program until the protests could be resolved. GAO confirmed NASA’s decision on July 30th. On August 16, Blue Origin went one step further, sue NASA in federal court.

NASA has paid $ 300 million of its SpaceX contract to date, with payment being made on the day GAO declined to protest. However, the space agency’s work on HLS has again been suspended – this time due to Blue Origin’s lawsuit, according to court records on Thursday – and will not resume until November 1.

Big delays

Billionaire businessman Jeff Bezos will launch with three crew members aboard a New Shepard missile on the world’s first unattended suborbital flight from Blue Origin Launch Site 1 near Van Horn, Texas on July 20, 2021.

Joe Skipper | Reuters

Blue Origin has struggled to execute several large programs since Bezos hired Smith as CEO in 2017. Bezos founded the company in 2000 with the aim of “creating a future where millions of people in space live and work to help the earth”. Delays – although common in the industry where the adage “space is tough” is persistently heard – have pushed Bezos’ vision back. highlighted by the departure of Blue Origin’s Chief Operating Officer late last year.

Bezos launched to the edge of space as one of the members of the first crew aboard the reusable New Shepard rocket. Although the company didn’t disclose pricing, New Shepard is competing with it Virgo galactic in suborbital space tourism, with Blue Origin selling nearly $ 100 million worth of tickets for future passenger flights. Although New Shepard’s first crewed launch was a resounding success, Blue Origin leadership had previously expected the rocket to begin human launching by the end of 2017.

An artist’s illustration of a New Glenn rocket on the launch pad in Florida.

Blue origin

BE-4 engine test at Blue Origin launch facility in West Texas.

Blue origin

Blue Origin’s third major program is its stable rocket engine, led by the BE-4, which will propel its New Glenn rocket. The company previously said its BE-4 engines would be “ready to fly in 2017”.

However, four years later, development issues and a lack of hardware for testing mean Blue Origin has not yet shipped its first aircraft engines. ArsTechnica reports earlier this month. The company is pushing to have two BE-4 engines ready by the end of this year. BE-4s in particular are important beyond Blue Origin because ULA signed a contract to use the engines to power their Vulcan missilesPrefer Blue Origin Aerojet Rocketdyne as its supplier. ULA is pushing to have its first Vulcan rocket ready for launch by the end of this year, and Blue Origin’s BE-4 engines are expected to be one – if not the – last piece to be added before launch.

Bezos has spent most of the time focusing on over the past two decades Amazonbut on the way has steadily sold parts of its stake in the tech giant to Fund the development of Blue Origin – to the $ 1 billion a year, or possibly more. Last month, Bezos resigned as CEO of Amazon, with many in the space industry expecting him to focus more on his space business.

Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
Sign in to start one Try it for free today.

Jeff Bezos’s House Type – The New York Occasions

Perhaps the most remarkable thing about the whole thing was that it wasn’t all that remarkable: another Tuesday. Another billion dollar businessman who pays to launch himself into space.

But the sight of Jeff Bezos in his beige cowboy hat and blue spacesuit (wearing a custom-made Omega Speedmaster over his sleeve as if he were Buzz Aldrin), high-five astronauts, and then pondered the experience in depth, echoed in a way who have favourited Sir Richard Branson’s Wild Ride Didn’t.

It took Amazon just 27 years to grow into a $ 1.8 trillion company. Depending on the fluctuations in the stock market, Mr. Bezos is either the richest or the second richest man in the world. But he has become this without attaining a corresponding mysticism.

Unlike Tesla boss Elon Musk, he did not host “Saturday Night Live” and did a surprisingly good job. Unlike Apple’s co-founder Steve Jobs, he did not show the Americans the power of a minimalist mock neck. He didn’t go into pandemic quarantine with Jay-Z like Twitter’s Jack Dorsey.

All of these guys arouse enmity, especially Mr. Musk and (even posthumously) Mr. Jobs. But the lines for their products show the emotional connection people have with them. You invented FOMO. Mr. Bezos only used it and embodies it.

We watched him go to the gym, get biceps, and buy motorcycle jackets. The problem was never the fit. They seemed to be accomplishing the opposite of their intended purpose, namely, telegraphing the elegance of indifference.

We read about the end of his marriage MacKenzie Scott, a novelist turned mega-philanthropist, and the beginning of his romance with Lauren Sanchez, a former correspondent for the tabloid entertainment show “Extra!”

It seemed like a cliché.

We gasped at the intimate text messages he sent her.

They were just as goofy as if he’d asked Siri for advice on sexting.

We looked at the pictures of his four-story $ 96 million real estate investment in the Flatiron neighborhood.

It seemed soulless, like something Marriott would have designed if it were to build its version of an André Balazs hotel.

However, since he’s worth around $ 200 billion and has few people who are likely to tell him the truth about what he looks like with a cowboy hat on his phallic rocket, for example, he’s become Dorian Gray’s bullshit, a locus classicus and fun. House mirror, through which a sizeable contingent of normally white men approaching middle age and not obsessed with Ryan Gosling’s looks should see for themselves, if we can get honest enough to admit the mistakes we’ve made with unfortunate style choices.

The name of Mr. Bezos has an onomatopoeic quality.

A dentist with a Lamborghini is a Bezos. This also applies to anyone in the commercial real estate industry who, just after their first extramarital affair, begins to shave areas of themselves that should not be shaved.

The day I decided to take off a fanny pack and a pair of bootleg Dior shorts, I turned into a bezos.

Pretending to be an oenophile makes a lot of men a bezos. That does too Decision that running a financial services company is not enough; what you really need is a part-time job at the weekend as a tropical house and EDM DJ

If you’ve returned from your first trip to Burning Man at the age of 50, you’ll step dangerously close to Bezo’s territory.

If you’ve tried hiring a singer like Jennifer Lopez, Stevie Wonder, John Legend, Patti LaBelle, or Christina Aguilera for your child’s wedding, birthday party, or religious gathering, you are a bezos.

Bezoses are more likely to be rich than poor, but using Affirm at the checkout counter has helped many less fortunate guys reach Bezosdom.

It’s hard, but not impossible, for a movie star to be a Bezos.

Mark Wahlberg, athletic a diamond-studded Patek Phillipe sports watch that would be a joke in a Paul Thomas Anderson film starring Mark Wahlberg is definitely a Bezos. So does Ben Affleck when he has taken off his shirt and we can see the huge phoenix that he has etched permanently on his back.

Bezoses wants to believe that the time spent on pelotons over the past year is enough to warrant ordering a Speedo through Amazon. Or that when we were a good few years old for our knees we could still start skateboarding, or fly off in a rocket ship and become a Butch Cassidy for the skies, with a hat (and boots) to match.

Here’s the problem: Butch Cassidy was named Butch Cassidy by theft. A Bezos compensates with a credit card.

Shortly after descending to Earth, Mr. Bezos went to a press conference where he said, “I want to thank every Amazon employee and customer for paying for all of this. Seriously.”

It was an odd admission from a guy whose subordinates are protesting their working conditions and meager delivery wages. But what did everyone expect from a space cowboy in blue satin? He is the largest bezos in the world.

Right here’s How A lot Cash Jeff Bezos Has Reaped From Promoting Amazon Inventory

Jeff Bezos has been selling shares of Amazon on a regular basis since the e-commerce giant went public in 1997 and has since reinvested much of the money.

Getty Images

Since Amazon went public in 1997, Bezos has sold or given away three-quarters of his Amazon stock. He’s got enough money now to probably buy pretty much anything he wants in the world.

For Jeff Bezos, wealth doesn’t come from a monthly paycheck. Amazon only pays its founder a salary of $ 81,000 a year (excluding the $ 1.6 million Amazon Bezos pays for security), a drop in the ocean compared to its total net worth of an estimated $ 200 billion -Dollar. Instead, nearly 90% of Bezos’ fortune resides in his Amazon holdings.

That’s not just true of Bezos, but many of America’s richest – and that’s a big reason why they pay so little in taxes relative to their total net worth. It is also why many tycoons, including Bezos, regularly sell their companies’ shares.

In total, the founder of the e-commerce giant has sold almost $ 27 billion worth of Amazon shares since going public in 1997, Forbes has calculated. Bezos’ total proceeds from stock sales, which To the best of its knowledge, Forbes has not yet been reported, provides a glimpse into the outgoing CEO of Amazon’s vast fortune. (He will step down as CEO on July 5 but will remain Executive Chairman of Amazon). Bezos has sold Amazon stock every year since 1998, with the exception of four: 2005, 2006, 2007, and 2011. That explains in part why Bezos didn’t pay federal income taxes in at least two of those years – 2007 and 2011, like ProPublica reported earlier this month.

A Bezos spokesman did not immediately respond to a request for comment from Forbes.

Bezos began selling parts of his stake in Amazon the year after his fledgling e-commerce company went public in 1997. Sales began in the tens of millions per year: just under $ 46 million in 1998, $ 21 million in 1999, and $ 29 million in 2000. Over the next decade, Bezos slowly sold more shares, often two or three times a year , and peaked in 2010 when it discharged a total of 6 million shares for a total of $ 793 million before tax. But when Amazon’s share price began to rise significantly, Bezos sold fewer shares but received more cash each time. For example, in 2008 he sold 4 million shares for $ 304 million. He also sold 4 million shares last year – but since the stock had soared more than 3,000% since 2008 – he received $ 10 billion (pre-tax) from the sales.

Overall, Bezos’ share of Amazon has increased from 42% in 1997 to 10% after his sales that year, though the single biggest blow to his property was not the unloading of stocks. When the billionaire divorced in 2019, he transferred 19.7 million Amazon shares – a quarter of his stake that was worth at the time $ 36 billion, to ex-wife Mackenzie Scott. It was the most expensive divorce in history.

Where did all the money go, except to his ex-wife and indirectly to the nonprofits? she is supported? We know what Bezos spent part of his billions on, but not all.

In 2017, Bezos said he is selling about $ 1 billion in Amazon stock a year to invest in his commercial space company Blue Origin, which will put him and his brother Mark on his first manned flight into space next month. We don’t know how much he’s put into the company since it was founded in 2000, but it’s probably at least several billion, if not more. Bezos paid $ 250 million to buy the Washington Post in 2013, which is still a fraction of the $ 711 million stock he sold that year.

There is also luxury that only someone with billions can afford. Earlier this year, Bezos bought the famous Warner estate in Beverly Hills for a record $ 165 million from Mughal David Geffen, according to the Wall Street Journal. (Perkins Cole, a law firm that Amazon frequently represents as a buyer, is listed on the property register). Bezos also has homes in Washington state, New York, and Washington DC, as well as a sprawling ranch in Texas, all worth $ 504 million. However, it is unclear whether he paid cash or has a mortgage on these properties. He’s also spending more than $ 500 million on a 417-foot custom-built superyacht Bloomberg, which when completed will be the largest sailing yacht ever built in the Netherlands.

Overall, Forbes estimates that Bezos paid $ 6 billion in capital gains taxes on his nearly $ 27 billion in Amazon stock sales, assuming he didn’t use losses from other investments to offset those gains. ProPublica reported that Bezos paid $ 973 million in federal taxes between 2014 and 2018.

Bezos has long been criticized for saving up on charitable donations and avoiding the giving pledge, an obligation to give away the majority of one’s wealth. While he has donated a few Amazon stock to charity over the years, Bezos has only recently embraced great philanthropy. As of 2018, he has pledged $ 12 billion to start his own charities. The Bezos Day One Fund, with a $ 2 billion commitment from Bezos, creates one controversial Network of non-profit preschools in low-income communities and giving grants to groups that help homeless families. Last year, Bezos pledged $ 10 billion to create the Bezos Earth Fund, which grants grants to organizations fighting climate change. The fund has paid off so far $ 791 million. Before 2018, Bezos gave several million dollar gifts, including $ 33 million to TheDream.us, a nonprofit that funds college scholarships for Dreamers, and $ 15 million create the Bezos Center for Neural Circuit Dynamics at Princeton University.

Overall, Forbes can account for an estimated $ 14 billion in Bezos’ spending. In addition, part of his money was invested in startups. Bezos was an early investor in Google, according to Bloomberg reporter Brad Stone’s book The Everything Store, although we don’t know if Bezos kept or sold his stake when the search giant went public in 2004. He’s also invested money in his family office. Bezos Expeditions, which, according to PitchBook, has invested in more than 100 companies since 2006, including Twitter, Airbnb and Uber. It is unclear how much money Bezos has put into Bezos expeditions so far, but it is likely that he has done well with his investments. Which means he could be worth billions of dollars more than the $ 200 billion that Forbes currently pegs his net worth at.

Jeff Bezos’ Blue Origin auctions spaceflight seat for $28 million

A New Shepard missile takes off on a test flight.

Blue origin

Jeff Bezos“Space company Blue Origin auctioned a seat for its upcoming first manned space flight for $ 28 million on Saturday.

The successful bidder, whose name has not been published, flies with the to the edge of space Amazon Founder and his brother Mark on Blue Origin’s New Shepard rocket due to launch on July 20th. The company plans to announce the name of the auction winner in the coming weeks.

The bidding started at $ 4.8 million but exceeded $ 20 million in the first few minutes of the auction. The proceeds from the auction will be donated to Blue Origin’s education-focused nonprofit Club for the Future, which supports children interested in future STEM careers.

Ariane Cornell, director of astronaut and orbital sales at Blue Origin, said during the auction webcast that New Shepard’s first passenger flight will carry four people, including Bezos, his brother, the auction winner and a fourth person who will be announced later .

Autonomous space travel

New Shepard, a rocket that propels a capsule to over 340,000 feet, has flown more than a dozen successful test flights with no passengers. including one in April at the company’s site in the Texas desert. It is designed for up to six people and flies autonomously – without the need for a pilot. The capsule has massive windows to allow passengers to view Earth for about three minutes in weightlessness before returning to Earth.

Blue Origin’s system launches vertically and both the rocket and capsule are reusable. The boosters land vertically on a concrete slab at the company’s facility in Van Horn, Texas, while the capsules land with a set of parachutes.

The inside of the newest New Shepard capsule

Blue origin

Bezos founded Blue Origin in 2000 and still owns the company. Financing through stock sales of his Amazon Warehouse.

July 20th is notable because it also marks the 52nd anniversary of the Apollo 11 moon landing.

Branson and Musk

VSS Unity ignites its rocket engine shortly after take-off for its third space flight on May 22, 2021.

Virgo galactic

Bezos and other billionaires Elon Musk and Sir Richard Branson are in a space race, but in different ways. Bezos’ Blue Origin and Branson’s Virgo galactic are competing to take passengers to the edge of space on short flights, a sector known as suborbital tourism, while Musk’s SpaceX carries private passengers on additional multi-day flights in so-called orbital tourism.

Both Blue Origin and Virgin Galactic developed rocket-powered starships, but that’s where the similarities end. While Blue Origin’s New Shepard rocket launches vertically from the ground, Virgin Galactic’s SpaceShipTwo system is released into the air and returns to Earth on glide for a runway landing, like an airplane.

Virgin Galactic’s system is also flown by two pilots, while Blue Origin’s system takes off without one. Branson’s company has also flown a test space flight with a passenger on board, though the company still has three space tests left before it starts to fly commercial customers – which is expected to start in 2022.

SpaceX launches its Crew Dragon spacecraft to orbit on its reusable Falcon 9 rocket has so far sent 10 astronauts on three missions to the International Space Station.

In addition to government flights, Musk’s company plans to launch several private astronaut missions in the coming year – starting with the purely civil Inspiration4 mission that’s planned for September. SpaceX is also launching at least four private missions for Axiom Space, from the beginning of next year.

Blue Origin’s auction raised $ 28 million, but a seat on a suborbital spaceship is usually much cheaper. Virgin Galactic has historically sold reservations between $ 200,000 and $ 250,000 per ticket and recently charged the Italian Air Force about $ 500,000 per ticket for a training room flight.

Musk’s orbital missions are more expensive than suborbital flights, with NASA SpaceX paying about $ 55 million per seat for space flights to the ISS.

SpaceX’s Crew Dragon, named “Resilience”, is docked at the International Space Station.

NASA

Become a smarter investor with CNBC Pro.
Get stock picks, analyst calls, exclusive interviews and access to CNBC TV.
Sign in to one. to start Try it for free today.

The 7 craziest issues Jeff Bezos has spent his cash on

As the richest man in the world and the first person to reach a net worth of $ 200 billion, Jeff Bezos has made a number of extravagant purchases in his life.

Most recently, the billionaire added a $ 500 million super yacht to this list.

The 417 foot long ship will span multiple decks and have three huge masts – and will also come with its own support yacht, which is equipped with a helipad, reported Bloomberg Wealth.

More specific details of the mega-yacht, which was ordered before the pandemic and is expected to be ready soon, are secret, but many of the The Amazon founder’s previous purchases are not.

Here’s a roundup of the most noticeable things Bezos has spent his money on over the years.

A massive clock that ticks once a year

In 2018, Bezos unveiled a $ 42 million investment in a “10,000-year-old” watch designed to symbolize “long-term thinking”. He wrote in a tweet at the time.

The 500-foot-high mechanical clock is powered by day and night heat cycles and synchronized at lunchtime.

The clock, That is still under construction, is rated for a life of 10,000 years and is located on property owned by Bezos, Texas. MensXP reported.

The largest real estate business ever in New York City

Soon after Bezos split from ex-wife MacKenzie Scott, he celebrated the divorce by having three apartments overlooking Madison Square Park at 212 Fifth Ave. bought for $ 80 million – The largest apartment listing ever completed in the Big Apple.

Jeff Bezos' penthouse living room.After his divorce, Jeff Bezos bought four apartments to combine them into one large penthouse.Sotheby’s

However, the massive purchase was still not enough for the billionaire, so he bought a fourth apartment for $ 16 million so that he could combine them all from the 20th floor into a massive penthouse with an area of ​​23,000 square meters and three floors .

Jeff Bezos' penthouse kitchen.The three-story penthouse is the largest apartment business in NYC.Sotheby’s

The property has a sprawling 5,000 square foot roof terrace with a pool and at least half a dozen bedrooms.

Jeff Bezos' apartment terrace.The apartment has a 5,000 square meter roof terrace.Sotheby’s

One of the fastest airliners in the world

Bezos put in a whopping $ 65 million – plus an undisclosed amount for interior decorating – for a Gulfstream G-650ER, one of the fastest jets in the world, MensXP reported.

Gulfstream G650ERThe Gulfstream G-650ER is one of the fastest jets in the world.Alamy Stock Photo

While most billionaires own private jets, the businessman can fly around the globe faster than most on the Gulfstream when flying between Amazon’s Seattle headquarters and anywhere Bezos needs to go.

A historical museum that he wanted to have as his homee

In 2016, Bezos decided to buy the old Washington Textile Museum for $ 23 million to convert the 27,000-square-foot building into a private home.

Bought the old textile museum by Jeff Bezos.Jeff Bezos bought the old Washington Textile Museum to be converted into a private home.The Washington Post via Getty Images

With the purchase of the museum, he also helped save history for years to come by helping to build a new home for the exhibits at George Washington University, MensXP reported.

The Whole Foods Market grocery chain

To compete with the grocery giants and breathe life into Amazon’s volatile grocery delivery service, Amazon Fresh, Bezos decided to buy Whole Foods’ entire grocery chain for a whopping $ 13.7 billion.

Midtown whole foods market.Jeff Bezos bought Whole Foods to bolster Amazon Fresh.Getty Images

When asked why he made the investment, the billionaire cited the store’s excellent products and their ability to make healthy eating for fun.

His own missile company

Much like Elon Musk, Bezos has long wanted to make space travel profitable and has decided to invest about $ 1 billion annually in Blue Origin, a passion project for the billionaire. GQ India reported.

Jeff Bezos makes his debut with a Blue Origin launcher.Jeff Bezos invests $ 1 billion a year in Blue Origin.Tribune News Service via Getty Images

Blue Origin tries to build reusable space rockets. This is the only way the company believes it can reduce the cost of accessing space.

Most of the funding for Blue Origin comes from the liquidation of Amazon stocks. At an event in 2019, Bezos thanked customers for their contributions to making his space dream come true, the outlet reported.

Jeff Bezos announces Blue Moon, a lunar landing vehicle.Jeff Bezos announces Blue Moon, a lunar landing vehicle, during a Blue Origin event.AFP via Getty Images

“Every time you buy shoes you are helping fund Blue Origin. Thank you,” he said at the time.

“I appreciate it very much.”

A newspaper

In a rapidly digitizing world, the long-term future of print news has deteriorated over the past two decades – but that hasn’t stopped Bezos from spending $ 250 million buying the Washington Post to save it from extinction.

The Washington Post building in Washington, DCJeff Bezos bought the Washington Post back in 2013.Sipa USA via AP

The 2013 deal made Bezos the owner of the flagship paper of the Washington Post Co. and a number of other local partners and websites.

Overwatch Director Jeff Kaplan Leaves Blizzard Leisure

Jeff Kaplan, the director of Overwatch, has announced that he is leaving Blizzard Entertainment after nearly 20 years with the company. In a personal message, Kaplan announced his resignation from Blizzard Entertainment after 19 years. You can read his full letter below.
Regards, Overwatch Community,

I’m leaving Blizzard Entertainment after 19 amazing years.

It was truly the honor of your life to have the opportunity to create worlds and heroes for such a passionate audience. I would like to express my deepest appreciation to everyone at Blizzard who has supported our games, our game teams and our players. But I’d like to especially thank the wonderful game developers who took part with me on the journey of creation.

Never accept the world as it seems to be. Always dare to see it for what it could be. I hope you do the same

GG,
Jeffrey Kaplan

Development on Overwatch 2 will continue with assistant game developer Aaron Keller as the new director of the sequel. Keller previously worked with Kaplan on World of Warcraft.

“Jeff was a great leader, mentor, and friend, and he knows how much we will miss him,” writes Keller in a letter to the community. “I’ve been fortunate to have worked with him and the rest of the Overwatch team for many years to build something that will continue to inspire people around the world, and I am honored to continue the torch.”

Overwatch 2: Screenshots of the maps of Rome and New York

Kaplan joined Blizzard in 2002, where he started as a designer at World of Warcraft, developing quests for the upcoming MMORPG. He was eventually recognized as Game Director at WoW. In 2009, Kaplan led an unannounced project at Blizzard called Titan, a first-person shooter game.

Unfortunately, Titan never got together and was officially canceled in 2014. Kaplan and members of the Titan team, however, took ideas from the game and remodeled them into a team-based hero shooter now known as Overwatch.

Overwatch has been incredibly successful since its launch. With over 50 million players and numerous Game of the year awardsOverwatch helped revive the hero shooter genre. Overwatch also spawned its own esports series Overwatch League Blizzard is also developing the sequel Overwatch 2, a game designed to introduce a single player component that highlights Overwatch’s beloved heroes. Although new PvP maps and heroes are still being released for Overwatch 1 and 2.

Regarding the future of Overwatch 2, you can read Keller’s full letter below:

Regards, Overwatch Community,

Jeff was a great leader, mentor, and friend, and he knows how much we will miss him. I’ve been fortunate to have worked with him and the rest of the Overwatch team for many years to build something that will continue to inspire people around the world, and I am honored to continue the torch.

I love Overwatch. From our first concept drawings, to the first maps we made, to the first time I was able to walk around as a tracer (who was shooting laser beams out of her eyes at that early point in time), this game just clicked with me. I love his inspiring, hopeful, beautiful world that is worth fighting for. I love his characters – larger than life, colorful, powerful and global. And most of all, I like the fast, fluid gameplay that requires teamwork, situational awareness and quick decision-making.

I also recognize that creating games at Blizzard has always been a group effort, and never just a point of view. Along with the rest of the team, I am fortunate to have a deep bank of development and creative leaders, numerous experienced Blizzard artists and designers, and extremely talented young talent – along with a lot of support across the company for live play and for Overwatch 2.

Speaking of Overwatch 2, development continues at a good pace. We have an extraordinary vision that we are putting into practice, we have been thrilled by the response from many of you to the updates we shared on BlizzConline, and we have exciting revelations planned for this year and beyond as we head out make it a start. We’ll all shortly be keeping you updated on the progress of Overwatch 2 and the new features in live play.

While I’m not eligible to fill Jeff’s shoes, I look forward to taking on the role of Game Director and continuing to be part of a team that puts all of their heart, talent and focus into the next iteration of Overwatch, and I’m honored to continue serving this incredible community.

-Aaron

Matt TM Kim is IGN’s news editor