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I believe I read about a month or so ago that Bezos plans on selling ~$1 billion worth of stock annually to fund BO, I could be misremembering the exact figures
by Inconel 9y ago
I believe I read about a month or so ago that Bezos plans on selling ~$1 billion worth of stock annually to fund BO, I could be misremembering the exact figures though. Even at that burn rate, assuming Amazon continues to do well, I don't think it will be too much of a drain on his wealth. Plus, he seems like a pretty long term thinker so I don't think he'll throw in the towel even in FH captures a big chunk of heavy lift. BO is currently investing around $200 million in a new production facility in Huntsville. I'd say it's more likely that Boeing/LockMart try to rid themselves of ULA than ULA acquiring BO.
- loeg 9y agoThis article provides the $1B/year figure, right after the part I quoted :-).
- Inconel 9y agoOops, now I feel dumb for not reading the article. Thanks for the heads up!
- mrep 9y agoWell, at a net worth of approximately 90 billion and assuming a 5% return rate, he can sped 4.5 billion dollars every year forever on the blue origin and never lose a penny. I don't think he's too worried
- opportune 9y agoCan't assume return rates for CEOs like you do with people with diversified investments. Most of his wealth is in Amazon stock, about $80B of it.
- deleted 9y ago[deleted]
- valuearb 9y agoBezos started BO around the same time as SpaceX, and has spent just as much money if not more, and accomplished next to nothing. He will need to pour many additional billions in to even make a race of it, the way the BO turtle moves.
- fsloth 9y agoMaybe he's hired the rocket guys who can't take SpaceX's speed and like to actually spend evenings at home with their family :)? Only half kidding here.
- hyder_m29 9y agoBecause Amazon treats their employees so well.
- oblio 9y agoBezos, famous for creating a family friendly environment at Amazon? :)
- fsloth 9y agoJust for the sake of argument it's feasible a person can be mentally flexible enough to apply different management standards to retail and rocket science.
- tqkxzugoaupvwqr 9y agoOr maybe Bezos didn’t understand orbital mechanics and picked the wrong approach: They went into space and landed again, but they did not go into orbit yet (as far as I know) and landed again. De-orbiting and landing is different from just going straight up and returning to the launch site that is below your feet.
- nickik 9y agoWhat an absurd claim. They were not to stupid to understand how to get to orbit. The made the choice to focus on a sub-orbital tourist effort first.