Jeff Bezos, the founder of Amazon, has expressed his belief that his space venture, Blue Origin, could one day surpass the value of Amazon.
Bezos stated that he thinks Blue Origin will be the best business he has ever been involved in, but acknowledges that it will take time. Despite this optimism, Bezos admits that Blue Origin is still in its early stages and is not yet a very good business.
Blue Origin is involved in suborbital flights and has plans to develop rockets, spacecraft, space stations, and lunar landers. Bezos sees SpaceX as a strong competitor in the space sector.
Bezos funds Blue Origin through the sale of his Amazon stock and maintains complete ownership of the company. The lack of disclosed valuation for Blue Origin raises questions about its financial health and future profitability.
The upcoming launch of the New Glenn rocket is seen as a critical step for Blue Origin to demonstrate its capabilities and attract customers. The success of Blue Origin will depend on its ability to innovate and adapt to the evolving space industry.