Jeff Bezos to sell $1bn of Amazon stock each year to fund space ambitions
By John Glenday
Amazon chief Jeff Bezos has confirmed his intention to sell $1bn of shares in his e-commerce empire each and every year in his pursuit of outer space.
The beneficiary of this largesse will be Blue Origin, the aerospace firm established by Bezos with a view to growing humanity’s footprint in space, a lofty goal which carries a stratospheric price tag.
Fortunately, with an estimated net worth of over $78bn, Bezos has the readies to fuel his dream for the foreseeable future, while ramping up healthy competition with fellow billionaire space enthusiast Elon Musk who has been Read full story ›
Source: The Drum




