Jeff Bezos speaks about his flight into space on Blue Origin's New Shepard during a press conference on July 20, 2021 in Van Horn, Texas.
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Jeff Bezos believes his space company Blue Origin will one day be a bigger company than Amazon.
“I think it's going to be the best deal I've ever been a part of, but it's going to take a while,” Bezos said at the New York Times' DealBook Summit on Wednesday.
Amazon, founded by Bezos in 1994, has a market value of around $2.3 trillion. Blue Origin, founded by Bezos in 2000, has never published a review. He owns and finances Blue Origin solely through the sale of his Amazon shares.
Bezos admitted that the space venture is “not a very good business yet,” referring to Blue Origin CEO Dave Limp's question about whether the space venture is “a hobby or a business.”
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Limp, a former Amazon executive, interviewed Bezos before he took the top job at Blue Origin earlier this year. He took on the role as the company, seen as a competitor to Elon Musk's SpaceX, has lagged behind its rival due to delays and setbacks.
Blue Origin has been flying tourists and researchers on short trips to the edge of space for years, including Bezos himself. The company's projects range from rockets and spacecraft to space stations and lunar landers. The next big milestone is the launch of the massive New Glenn rocket into orbit. Bezos said the company was “very, very close” to trying it.
Bezos praised SpaceX as a “very good competitor” in the space industry. Similar to OpenAI CEO Sam Altman, Bezos noted that he is not worried about Musk's close relationship with President-elect Donald Trump.
“I take what was said at face value… [that Elon Musk] “Will not use his political power to favor his own companies or disadvantage his competitors,” Bezos said.
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