3 ms·
The problem with New Glenn is that its basically a 'government rocke't. It exists because Blue Origin is dropping 2 billion $ a year in loses. New Glenn will ne
by panick21_ 4y ago
The problem with New Glenn is that its basically a 'government rocke't. It exists because Blue Origin is dropping 2 billion $ a year in loses. New Glenn will never even remotely pay back its investment and at best they can maybe fly it with profitable operations.
But until then Blue Origin has basically no actual revenue beyond a very small amount of BE-4 sales.
Are we expecting Bezos just to continue to drop billions of $ into Blue Origin for unlimited amount of time? Because non of the projects they have will ever make this company profitable.
- LarryMullins 4y ago> Are we expecting Bezos just to continue to drop billions of $ into Blue Origin for unlimited amount of time? To be fair, he's been shoveling money into this unproductive dumpster fire for more than 20 years already.
- panick21_ 4y agoWell but for the first 10 years it was not really a real company, more a hobby project. Then it got bigger and bigger, but only in the mid 2010s did the company seriously start to grow. He was dropping 1 billion per year towards the end of 2010s but the company has been ramping up even more over the last 3-5 years. By now the HR cost alone are probably going towards 2 billion $ a year, they are not so much smaller then SpaceX with no revenue.