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Blue Origin will be bigger than Amazon | Real Time Headlines

Jeff Bezos talks about his experience aboard Blue Origin’s New Shepard during a press conference in Van Horn, Texas, on July 20, 2021.

Joe Reddell | Getty Images

Jeff Bezos Believes his space company Blue Origin will one day become a giant Amazon.

“I think this is going to be the best business I’ve ever been a part of, but it’s going to take a while,” Bezos told The New York Times’ DealBook Summit on Wednesday.

Amazon, founded by Bezos in 1994, has a market capitalization of approximately $2.3 trillion. Blue Origin, founded by Bezos in 2000, has never disclosed a valuation. He owns and funds Blue Origin solely through the sale of Amazon stock.

Bezos was referring to Blue Origin CEO Dave Limp’s comments about whether space companies “Hobby or career.”

Read more CNBC Space News

Limp, a former Amazon executive, questioned Bezos before taking the top job at Blue Origin earlier this year. He assumed the role of the company, which was considered a competitor Musk’s SpaceX, yes lagging behind competitors Due to delays and setbacks.

Blue Origin has been flying tourists and researchers to the edge of space on excursions for years, including Bezos himself. The company’s projects range from rockets and spacecraft to space stations and lunar landers. The company’s next big milestone is launching its towering New Glenn rocket into orbit, a goal Bezos said the company is “very, very close” to trying.

Bezos praised SpaceX as a “very good competitor” in the aerospace industry. similar OpenAI CEO Sam Altman Earlier in the day, Bezos noted that he wasn’t worried about Musk’s close relationship with the president-elect Donald Trump.

“I think what people are saying is taken at face value…(Elon Musk) is not going to use his political power to benefit his company or disadvantage competitors,” Bezos said.

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