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During a press conference in Van Horn, Texas, Jeff Bezos shared insights regarding his space exploration company, Blue Origin. He expressed a strong belief that Blue Origin could surpass Amazon in scale and success in the future.
“I think it’s going to be the best business that I’ve ever been involved in, but it’s going to take a while,” he remarked while participating in The New York Times’ DealBook Summit.
Founded by Bezos in 1994, Amazon currently boasts a market capitalization of approximately $2.3 trillion. In contrast, Blue Origin, established in 2000, has not made its valuation public. Bezos funds Blue Origin through the sale of his Amazon stock, maintaining complete ownership of the venture.
While discussing Blue Origin, Bezos candidly acknowledged that the company “is not a very good business yet,” responding to CEO Dave Limp’s inquiry about whether the space enterprise should be viewed as “a hobby or a business.”
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Limp, who transitioned from a role at Amazon to lead Blue Origin at the start of this year, faces the challenge of steering the company amid its ongoing competition with SpaceX, led by Elon Musk. Blue Origin has encountered numerous delays and setbacks, leading to a perception that it is lagging in comparison to Musk’s established enterprise.
The company has focused on conducting suborbital flights for tourists and research, including journeys flown by Bezos himself. Blue Origin’s ambitions extend beyond these initiatives, with plans for rockets, spacecraft, space stations, and lunar lander projects. Bezos hinted that Blue Origin is nearing a significant milestone with the upcoming launch of the New Glenn rocket, saying the company is “very, very close” to achieving this goal.
Bezos also acknowledged SpaceX as “very good competitors” and addressed concerns regarding Musk’s political connections, particularly with President-elect Donald Trump. He stated that he takes Musk at his word that there would be no misuse of political influence to benefit his companies or harm competitors.
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