Bezos outlines Blue Origin plans for moon and AI ventures
Summarised from 2 outlets · Updated 8 Oct, 21:07 · Archive
Jeff Bezos said Blue Origin aims to land humans on the moon by 2028 and is planning an initial public offering within several years.
Jeff Bezos outlined ambitions for Blue Origin to land humans on the moon by 2028 as part of a broader vision for American space dominance. He told Fox News the US must prevail against China in the race to the lunar surface and said cargo deliveries are needed to support a sustained human presence there. Bezos argued the moon should not be skipped on the way to Mars, describing it as 'a gift' because of its proximity to Earth and resources that could support future missions.
Bezos said Blue Origin will probably go public within the next several years, describing the recent $10 billion funding round – which included $2 billion of his own cash and outside investors for the first time – as a signal the company is nearing that moment. The funding round valued Blue Origin at $140 billion. Bezos has invested some $28 billion in the company since founding it in 2000. Blue Origin reported $800 million in revenue last year and expects about $1.4 billion this year, with projections of more than $30 billion by 2030.
The announcement comes after a setback in May when one of Blue Origin's rockets exploded during a test launch, destroying the aircraft and launchpad. The company is preparing to return its New Glenn rocket to flight in December as it seeks to compete with Elon Musk's SpaceX.
How it is being reported
- Blue Origin IPO could come in next few years, Jeff Bezos says in wake of rocket disasterThe public listing push follows a May disaster in which one of Bezo's $150 million rockets exploded into a massive fireball, setting back Blue Origin back in the race to catch up to Elon Musk’s SpaceX.New York Post · 8 Oct, 20:53
- Jeff Bezos reveals his vision for America's next frontier — from AI to the moonBlue Origin's Jeff Bezos unveiled plans for orbital data centers, a sustainable lunar base and launching rockets every minute from Cape Canaveral.Fox News · 8 Oct, 00:13
In this story: Jeff Bezos · Blue Origin · Cape Canaveral · China · Mars · Moon · SpaceX
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