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Bezos Is Selling $1B of Amazon Stock a Year to Fund Rocket Venture

Image: Bezos Is Selling $1B of Amazon Stock a Year to Fund Rocket Venture

Wednesday, 05 Apr 2017 08:29 PM

Amazon.com Chief Executive Jeff Bezos said on Wednesday he is selling about $1 billion worth of Amazon stock per year to fund his Blue Origin rocket company, and expects to spend about $2.5 billion developing a rocket capable of lifting satellites and eventually people into orbit.

Blue Origin is aiming to launch paying passengers on 11-minute suborbital space rides next year, Bezos told reporters at the U.S. Space Symposium here.

© 2017 Thomson/Reuters. All rights reserved.

 
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Amazon.com Chief Executive Jeff Bezos said on Wednesday he is selling about $1 billion worth of Amazon stock per year to fund his Blue Origin rocket company, and expects to spend about $2.5 billion developing a rocket capable of lifting satellites and eventually people into...
bezos, sells, amazon, stock, space, travel
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2017-29-05
Wednesday, 05 Apr 2017 08:29 PM
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