Jeff Bezos wants to see the space industry expand to the scale of today’s internet industry, creating a “completely new world.” Bezos founded Blue Origin, a reusable rocket company to achieve his childhood dreams of space colonization. One of the company’s rockets, New Glenn, will cost at least $2.5 billion to develop.
The Blue Origin is where Bezos sells about $1 billion a year of Amazon stock and uses it to invest in Blue Origin.
Amazon stock went up and increased Jeff Bezos’ wealth by $13 billion so far this year. If Amazon stock goes up another 10% or so then Bezos will become the World’s richest man.