Amazon.com, Inc. (NASDAQ:AMZN) may be making a ton of money [though profit is another article altogether], here on Earth. However, Jeff Bezos is also planning to make money by sending people out of the planet.
How exactly will the Amazon.com, Inc. (NASDAQ:AMZN) founder and current top executive make money out of space? Deirdre Bolton explains how in a discussion on Fox Business Network.
Fox Business host David Asman tells Bolton that he finds it interesting that companies from the private sector are now entering into the field where the National Aeronautics and Space Administration once held a large share. However, he tells his colleague that he is not particularly convinced as to how the Amazon.com, Inc. (NASDAQ:AMZN) boss will make money from his ventures.
Jeff Bezos owns a privately-funded company called Blue Origin LLC. According to reports, the billionaire entrepreneur has sunk over $500 million of his own money into the company.
According to Bolton, the money Bezos hopes to make would come from people.
“Show you the money? Well, it’s ticket sales, David. Wouldn’t you want to go to space? That is exactly the question that Jeff Bezos and Sir Richard Branson want you to be able to answer,” Bolton tells Asman.
Sir Richard Branson, another billionaire entrepreneur, also has interests in space travel for civilians with his called Virgin Gallactic. Another billionaire, Tesla Motors Inc (NASDAQ:TSLA) founder Elon Musk, also has interests in space with his company Space Exploration Technologies [SpaceX] but more as a replacement at the moment to reusable space shuttles that NASA has decommissioned.
According to Bolton, for a steep price, the Amazon.com, Inc. (NASDAQ:AMZN) founder’s Blue Origin will take you to space, but not out of orbit. Her colleague tells her that that isn’t exactly appealing to him. He may be willing to part with that kind of money if it got him to the moon, he added.
Recently, Blue Origin announced that they will be beginning sub-orbital rocket test flights later this year for the New Shepard spacecraft. This spaceship flies three people up to about 100 kilometers off of the Earth’s surface.
Ken Fisher’s Fisher Asset Management owned about 2.42 million Amazon.com, Inc. (NASDAQ:AMZN) shares by the end of the last quarter of 2014.
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