The Space Sector Growth with Jeff Bezos

SparkAmpLab Editorial Team
June 23, 2021

Billionaires can dream big, so why not dream of a life in space, especially in COVID times? Getting away is just what we need, but Jeff Bezos is taking that quite literally.  

As one of the richest people on the planet, the founder of Amazon envisions living on the moon. 

Jeff Bezos’ Space Dream 

Bezos announced on Instagram that he will fly to space on the 20th of July on the first human spaceflight that his company Blue Origin has ever launched. 

In his post on the 7th of June, he captioned: “Ever since I was five years old, I’ve dreamed of traveling to space. On July 20th, I will take that journey with my brother. The greatest adventure, with my best friend.”

The Guardian informs that the company’s first human flight will take off from Van Horn, Texas and will be an 11-minute trip with as many as six passengers onboard, though the company has not revealed who else will be joining Bezos and his brother. 

Image via Jeff Bezos' Instagram

Plans for the Future 

Blue Origin is one of the biggest aerospace enterprises in the world, carrying out missions and investigating the unknown. Their first human spaceflight scheduled for the 20th of July is one of the most ground-breaking achievements of the entire space industry. 

This flight will be one to watch for because “Blue Origin will beat Virgin Galactic (ticker: SPCE) by a few months ferrying tourists to space. That might sting, but the pricing for space tourism seats might cushion the blow,” according to Barron’s reporting,    

Blue Origin has to compete with Richard Branson’s Virgin craft expected to launch passengers from a space centre in New Mexico, and Elon Musk’s Space Exploration Technologies. Both invested millions if not billions into the space travel industry.

In a now concluded auction, Blue Origin provided an excellent opportunity to fly to space in the very first seat of the New Shepard together with Jeff Bezos and his brother Mark. The winning bid, which came up to $28 million, benefits not only the space industry but Blue Origin's Club for the Future. This is their foundation set up to attract people and inspire them to pursue careers in STEM and therefore help invent the future of space travel and exploration. 

Watch the live auction broadcast now:

Space exploration statistics have it that by the end of the next decade, space travel is expected to become a $20 billion business. This means that there will be more and more money invested and therefore prices of travel will potentially start to lower which means more people could see space. 

Bezos plans to put astronauts back on the moon by 2024, which means it won't be too long a wait now. He hopes that the successful space trip will allow him to lead privately-owned flight companies. This case shows just how fast all the space programs are growing and how companies like Blue Origin are building relationships with NASA and the U.S. government to work together and create something big. 

Space holidays in three years – how does that sound? 

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