Bezos billions fund space project

Blue Origin space venture slips in a sneak peek at design of Blue Moon lunar lander founder Jeff Bezos said he is selling about US$1 billion (S$1.4 billion) worth of the Internet retailer's stock annually to fund his Blue Origin rocket company, which aims to launch paying passengers on 11-minute space rides starting next year. At the annual Space Symposium in Colorado Springs, Bezos announced his plan to help boost Blue Origin's rockets as high as their goals now are.

Bezos' personal investment as well as funding from satellite customers will help bring down the cost of space travel.

Bezos appeared on Wednesday at the 33rd Space Symposium in Colorado Springs, where he said he would reveal more details on a rocket his start-up hopes will take paying customers to space by 2018.

Richard Branson has announced plans to launch people into space in 2018, with the first test flights beginning this year.

Bezos has repeatedly expressed caution about setting timetables for the start of Blue Origin's commercial or passenger trips, and he did not diverge from that this week. Jeff Bezos is deeply invested in the progress of Blue Origin's endeavors, and believes that the veracity of commercial space travel will be exclusively contingent upon the reliability of travelers on these vehicles.

Bezos said he wasn't yet sure how much passengers would pay, but said that as spaceflight becomes more common, ticket prices will decline.

If one of the world's foremost tech visionaries has his way, space tourism will be here in just a few years. For display there was a scorched New Shepard booster rocket as well. So, they would make it safe as they can. He said, "It's a long road to get there and I'm happy to invest in it".

Now there is no fixed estimate for how much investment will be made by Bezos. According to The New York Times, New Glenn will be capable of pushing satellites and, eventually, people into orbit. He said the company's engineers have learned a lot of "little lessons" from the test flights of the New Shepard module in late 2015 and early 2016.

"It takes about three hours before you start to throw up", he said. But Meyerson said Blue Moon could ship cargo to the lunar surface to complement any plan that NASA develops for crewed Orion missions to lunar orbit, or for settlements on the lunar surface. "Ultimately, most of our flights will be taking people into space".

Similarly to Elon Musk of SpaceX, Bezos has determined reusable rocket parts as a key element to lowering the costs of admission to the field, which he described as leading to a "golden age of space exploration".