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He's said he plans to sell 1 billion of Amazon stock a year to fund Blue Origin. That seems like enough to keep it going, and as long as Amazon continues at or
by simplicio 5y ago
He's said he plans to sell 1 billion of Amazon stock a year to fund Blue Origin. That seems like enough to keep it going, and as long as Amazon continues at or above its current share price, Bezos does appear to be wealthy enough to keep this going as a hobby project for at least a few decades.
- colordrops 5y agoOne billion is not a lot for rocket R&D.
- simplicio 5y agoPer year? According to SpaceX, they burned through a billion dollars in funding over their first decade. The development costs for the Falcon 1 were ~100 million, for Falcon 9 about 300 million. So a billion/year seems adequate.
- e40 5y agoWasn't there a recent controversy about him asking for a $10B US grant/loan/whatever?
- wmf 5y agoA fake controversy.