Posts tagged with "Richard Branson"

Jeff Bezos and brother to be on Blue Origin’s first human space flight

June 8, 2021

Amazon founder Jeff Bezos said in an Instagram post on Monday, June 7, that he will be one of the inaugural travelers on Blue Origin’s New Shepard suborbital spacecraft, during a flight scheduled for launch from West Texas on July 20, The Wall Street Journal reports.

Bezos said that his brother, Mark Bezos, also will be among the crew members in the pressurized capsule, which has room for six astronauts.

Named after NASA’s Mercury astronaut Alan Shepard, the first American to go to space, New Shepard is a reusable suborbital rocket system designed to take astronauts and research payloads past the Kármán line—the internationally recognized boundary of space.

The vehicle is fully autonomous. Every person onboard is a passenger—there is no “pilot” for the 11-minute flight, which will return to Earth via parachute.

“I want to go on this flight because it’s a thing I’ve wanted to do all my life,” Bezos said in a video posted to Instagram. “It’s an adventure. It’s a big deal for me.”

Bezos, who has said that he will step down as Amazon’s chief executive on July 5 after leading the company for more than two decades, has invested heavily in Blue Origin, contributing as much as roughly $1 billion in some years. He will continue to hold the title executive chairman after his lieutenant Andy Jassy becomes CEO.

Blue Origin has said it aims to support widespread commercial activity in space in the future. In addition to its space-tourism efforts, Blue Origin is also working on rockets that could launch payloads for NASA.

The passenger list for Blue Origin’s July flight also is set to include the winner of a charity auction that will conclude this month. The auction boasted nearly 6,000 participants and the highest bid is at $2.8 million, Blue Origin said Monday.

According to the Journal, Blue Origin’s efforts to commercialize spaceflight parallel those of SpaceX—the spaceflight company led by Tesla  CEO Elon Musk.

SpaceX last year became the first company to launch NASA astronauts into space.

Both companies competed to design a new capsule that could land astronauts on the moon before NASA awarded the contract to SpaceX in April. Blue Origin has filed a petition challenging the contract award.

Billionaire Richard Branson also has invested in commercial spaceflight. Virgin Galactic Holdings, a company he founded that also plans to offer space tourism, went public in a 2019 merger with a blank-check company.

Research contact: @WSJ

Scores of companies back away from Saudi business over Khashoggi

October 25, 2018

A number of businesses and investors are backing away from doing business with Saudi Arabia until more answers are provided on the disappearance of Washington Post journalist Jamal Khashoggi, whom Turkish officials believe was murdered inside the Saudi Consulate in Istanbul on October 2.

According to an October 23 report by Axios, many of the world’s largest prospective financial deals involve Saudi Arabia and are predicated on trust in Saudi Crown Prince Mohammed bin Salman (MBS) as a reformer. Meanwhile, there is speculation that MBS was personally involved in Khashoggi’s disappearance.

In the three weeks since Khashoggi’s disappearance, several companies and individuals have pulled out of Saudi Arabia’s Future Investment Initiative (FII), a massive conference nicknamed “Davos in the Desert.” The meeting is being hosted by MBS and the kingdom’s sovereign wealth fund from October 23-25 at the Ritz-Carlton Hotel in Riyadh.

The conference is described by The New York Times as “an extravagant embodiment of Crown Prince Mohammed’s dream to modernize Saudi Arabia and wean it off its reliance on oil by 2030.

Indeed, the Times reported, on the first day of the meeting, MBS presented a blueprint for Neom, a $500 billion planned city that would rise from the desert as a futuristic Zanadu of high-tech jobs and robot workers.

Unfortunately, fewer investors than planned will be on hand to support that vision. According to Axios, the following business, financial, and government invitees have pulled out (in chronological order):

And the list goes on, including about three dozen more high-profile names—among them, J.P. Morgan Chase CEO Jamie Dimon, BlackRock CEO Larry Fink, Blackstone CEO Stephen Schwarzman, Ford Chairman Bill Ford, MasterCard CEO Ajay Banga, Sotheby CEO Tad Smith, HSBC CEO John Flint, Credit Suisse CEO Tidjane Thiam, Standard Chartered CEO Bill Winters, Managing Director of the International Monetary Fund Christine Lagarde, President of the New York Stock Exchange Stacey Cunningham, U.S. Treasury Secretary Steve Mnuchin, U.K. Trade Secretary Liam Fox, French Finance Minister Bruno Le Maire, and Dutch Finance Minister Wopke Hoekstra.

In addition, several major Saudi supporters who are based in the United States and Europe have cut ties with the Kingdom:

  • Richard Branson, billionaire entrepreneur and founder of Virgin Group, announced on October 18 that he would suspend his directorships of two Saudi tourism projects and is suspending talks of a $1 billion investmentwith the country, saying: “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi Government.”
  • Ernest Moniz, former energy secretary under President Obama, is suspending his involvement advising Saudi Arabia on its $500 billion smart city project.
  • Neelie Kroes, a Neom board member and former vice president of the European Commission, said she would suspend her role in the project until more is known.

The conference already has started, with fewer speakers scheduled to be heard.

Research contact: zach.basu@axios.com