Jeff Bezos' Blue Origin pleads with Air Force to continue investing in it
Blue Origin competed with SpaceX and ULA for the contracts
Blue Origin, the space exploration company founded by Amazon CEO and multibillionaire Jeff Bezos, is attempting to get the U.S. Air Force to continue investing in the development of its New Glenn rocket, according to a media report.
Space News reports that Blue Origin is trying to convince the Air Force to continue funding the vehicle, as well as the infrastructure it would need. “We’re discussing with the Air Force the path forward for certification,” Megan Mitchell, Blue Origin’s director of government and legislative affairs, told the news outlet.
In 2018, the Air Force awarded a contract to Blue Origin "for development of the New Glenn Launch System." The initial segment of the National Security Space Launch certification process was completed.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
AMZN | AMAZON.COM INC. | 210.71 | +2.82 | +1.36% |
AIR FORCE AWARDS SPACEX AND ULA BILLIONS IN LAUNCH CONTRACTS
In August, the U.S. Air Force awarded billions in contracts to Elon Musk’s SpaceX and United Launch Alliance, a joint venture between Lockheed Martin and Boeing, as part of its National Security Space launch services.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
LMT | LOCKHEED MARTIN CORP. | 520.34 | -5.77 | -1.10% |
BA | THE BOEING CO. | 156.54 | +1.10 | +0.71% |
ULA will receive $337 million for two launches in 2022, and SpaceX will receive $316 million for one launch that same year. ULA will get 60% and SpaceX will get 40% of the launch contracts after that, which will total billions of dollars.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
At the time, Blue Origin CEO Bob Smith said he was “disappointed in the decision” the Air Force did not take their offer, which was based on an “unprecedented private investment of more than $2.5 billion” in its New Glenn rocket, but that they will continue to develop it.
The New Glenn rocket’s first stage is designed to be reused 25 times.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Despite Blue Origin's setback with the Air Force, it's still won government contracts recently.
In May, NASA announced it would rely on Blue Origin and SpaceX to build lunar landing systems to carry astronauts for Artemis moon missions.
CLICK HERE TO READ MORE ON FOX BUSINESS
FOX Business' Paul Best contributed to this story.