Please ensure Javascript is enabled for purposes of website accessibility

Bezos on Board for First Blue Origin Space Mission

By Lou Whiteman - Jun 7, 2021 at 10:23AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The billionaire Amazon founder hopes to rocket into space next month.

Jeff Bezos plans to be on board when his Blue Origin launches passengers into space for the first time, upping the stakes in the space tourism race.

Bezos, who is stepping down from his role as CEO of Amazon (AMZN 0.90%) on July 5, said in an Instagram post that he and his brother Mark will be among the crew when Blue Origin's New Shepard spacecraft launches next month. The launch is scheduled for July 20.

Aerial view of the New Shepard blasting off.

Blue Origin's New Shepard  takes off from its West Texas launch pad. Image source: Blue Origin.

"Ever since I was five years old, I've dreamed of traveling to space," Bezos said. "On July 20, I will take that journey with my brother."

Bezos is taking a page from fellow billionaire Richard Branson, who last year had planned to celebrate his 70th birthday by being among the passengers on the Virgin Galactic Holdings (SPCE 2.44%) inaugural flight. But Virgin has run into a series of testing delays, with the company now hoping to begin commercial service before the end of 2021.

Although Blue Origin has not gotten the attention that Virgin Galactic and Elon Musk's SpaceX have enjoyed, the company has methodically built its business thanks to an estimated $1 billion in funding from Bezos. It hopes to engage in a number of different commercial space businesses, including space tourism and launching payloads for government and commercial customers.

The New Shepard capsule is designed to take six passengers beyond 62 miles above sea level, the standard definition of where space begins.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and Virgin Galactic Holdings Inc. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned, Inc. Stock Quote, Inc.
$141.91 (0.90%) $1.27
Virgin Galactic Holdings, Inc. Stock Quote
Virgin Galactic Holdings, Inc.
$7.15 (2.44%) $0.17

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/12/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.