July 11, 2025 Quick space links

Courtesy of BtB’s stringer Jay. This post is also an open thread. I welcome my readers to post any comments or additional links relating to any space issues, even if unrelated to the links below.

November 22, 2023 Quick space links

Courtesy of BtB’s stringer Jay, who with I wish everyone a great Thanksgiving tomorrow.

 

 

 

 

  • Blue Origin shows off the now welded first stage tanks of its New Glenn rocket
  • It is assumed these are for the first launch, whenever that might be. Since there are no workers on the factory floor, Jay speculates it was taken after hours. I wonder, since this lack of activity has been seen in every such picture of this rocket assembly operation. I really wonder how many people even work there.

 

  • Jeff Bezos sells off $240 million more Amazon shares
  • Though the reporters on the CNBC video at the link speculate this money is for Blue Origin, there is no evidence of this. In fact, recently Bezos has appeared to donate almost all his stock sale cash to leftist political charities, not Blue Origin.

November 3, 2023 Quick space links

Courtesy of BtB’s stringer Jay.

 

 

  • Bezos is abandoning Seattle and moving to Florida
  • He says he wants to be closer to both his family and his Cape Canaveral space facilities in Florida, which as he says is “shifting increasingly to Cape Canaveral.” He also likely decided to get out because of a new state tax that will steal $70 million from him for every stock sale of $1 billion.

 

 

 

 

Investors sue Virgin Galactic for stock fraud

Capitalism in space: A federal complaint has been filed against Virgin Galactic, claiming the company made false and misleading reports concerning its financial state.

Investor Shane Levin and other unnamed plaintiffs claim in their complaint that Virgin Galatic CEO Michael Colglazier, former CEO George Whitesides, CFO Doug Ahrens and former CFO Jon Campagna knowingly presented incorrect financial statements to inflate the company’s stock price and entice buyers.

The lawsuit is seeking class-action status and unspecified damages, in addition to legal fees.

Also today an anonymous source claimed that, assuming Virgin Galactic can get FAA approval, the company has suddenly changed its test flight schedule and is now planning to fly Richard Branson on its SpaceShipTwo Unity spacecraft on July 4th. This would have Branson reach suborbital space about two weeks ahead of Jeff Bezos, who is presently scheduled to fly on a suborbital flight his own New Shepard spacecraft on July 20th.

Branson for almost two decades has promised he would fly on the first commercial operational flight of SpaceShipTwo, while also promising repeatedly that this flight was only months away. All of those promises were bunkum. Now faced with Jeff Bezos grabbing that first flight, Branson is suddenly scrambling to finally get it done, even if it means disrupting Virgin Galactic’s already announced test schedule.

The first story above tells us something about the honesty of Virgin Galactic’s finances. The second story tells us something about the trustworthiness of its management and engineering. I might consider the pace of Blue Origin in the past five years to have been far too slow, but they have at least shown a careful deliberate path to flight. Bezos’ July 20th flight might be a stunt, but it is being done to demonstrate his trust in his product.

Not so much from Branson and Virgin Galactic. For Branson, feeding his ego seems more important.

Bezos sells $2.4 billion in Amazon stock

Capitalism in space: According to SEC filings, Jeff Bezos this week sold $2.4 billion in Amazon stock, adding to all his increasing stock sales in recent years.

Bezos said in 2017 that he was selling $1 billion a year to fund his Blue Origin space venture, but he has been increasing the size and frequency of the stock sales recently. He sold more than $7 billion last year. This is his first stock sale of 2021.

By my count of all his sales since 2017, Bezos has raised about $12 billion in cash. Of this, he has said that he wants to spend $10 billion on fighting “climate change,” as well as at least $1 billion per year on Blue Origin.

One way or the other, Blue Origin has far more cash available to it than SpaceX. Too bad Bezos’ company has done so little with it in the past four years. Four years ago the company was truly a viable competitor to SpaceX, though behind it in the curve. Then Bezos hired a new CEO, Bob Smith, to run the company. The development pace slowed to a crawl as the company shifted gears from using Bezos’ money to fund development to trying to obtain government money instead. That shift forced Blue Origin to bow to government demands, which in turn slowed development of their New Glenn orbital rocket. The company also took the big space approach toward development of its lunar lander, pausing all real design and construction until it won the NASA contract. This made it less attractive a bid, which is one reason SpaceX’s Starship won the contract instead.

In addition, the company ended the many and frequent test flights of New Shepard that had been occurring, slowing the pace to about one launch per year.

In that time Blue Origin lost so much ground that it will now be difficult, but not impossible, to catch up. Maybe these cash sales by Bezos is to give him the capital to catch up. I hope so. We need real competitors to SpaceX.

Bezos sells another $3 billion of Amazon shares

Jeff Bezos continues to accelerate his sale of his Amazon stock, selling another $3 billion this week.

In August, Bezos offloaded more than $3.1 billion of Amazon shares, after selling more than $4.1 billion worth of shares in February. The sales this week bring his total cash out in 2020 to more than $10.2 billion so far, which is a notable jump from 2019, when Bezos sold $2.8 billion worth of shares.

While Bezos had originally said these sales were for financing his space company, Blue Origin, it now appears that the bulk of this new money is aimed at funding environmental political organizations such as the Environmental Defense Fund, the Natural Resources Defense Council and the World Wildlife Fund.

Jeff Bezos sells $3 billion more in Amazon stock

Jeff Bezos this week sold another $3 billion in his Amazon stock, bringing the sales this year along to more than $7 billion.

Amazon stock has soared since mid-March as millions of customers rely on the e-commerce giant amid the pandemic for online shopping, cloud computing, and more. Last week the company posted $88.9 billion in revenue, up 40% from the year-ago quarter, with profits far ahead of Wall Street expectations at $5.2 billion.

Bezos said in 2017 that he was selling $1 billion a year to fund his Blue Origin space venture, but he has been increasing the size and frequency of the stock sales. He sold $2.8 billion worth of Amazon stock a year ago, and around $4 billion earlier this year.

Since 2017 Bezos has now raised more than $11 billion from sales of his Amazon stock. Initially he had said such sales were to finance his space company Blue Origin, but more recently he has indicated he wants to use the bulk of this cash to fight climate change, with portions also devoted services for the homeless and early childhood education.

In fact, it appears that Blue Origin is likely getting only a very small portion of this money, though at several billion this isn’t chicken-feed. At a minimum it likely matches what SpaceX has raised through private investment capital for its Starship/Starlink projects, and more likely exceeds it.

Yet, SpaceX continues to outpace Blue Origin, several times over. If anything, as the cash from Bezos has rolled in Blue Origin’s pace of test flights with New Shepard as well as the development of its BE-4 rocket engine and New Glenn orbital rocket seemed have slowed. Initially New Glenn was going to make its first orbital launch this year. Now they say it will launch next year but we hear little about any development progress. And the company only delivered a test engine of the BE-4 (not flight worthy) to ULA only about a month ago, far later than first promised.

Though the lack of news could simply be Blue Origin’s more secretive way of doing things, compared to SpaceX, I have my doubts. Rockets are big things, and building and testing them is not something easily kept under wraps, especially by private companies. The lack of news from Blue Origin continues to suggest that simply having lots of money does not necessarily guarantee success.

Bezos’ Feb Amazon stock sale earned $3.4 billion, not $1.8 billion

In early February Jeff Bezos sold of 3% of his Amazon stock, almost twice what had been reported at the time, earning him $3.4 billion not $1.8 billion.

This information is part of an overall sell-off in early February by the top executives of many U.S. companies, totaling $9.2 billion.

While Mr. Bezos’s sales accounted for more than a third of the 2020 sales, thousands of other insiders sold stock. More than 150 executives and officers individually sold at least $1 million worth of stock in February and March after having sold no stock in the previous 12 months, the Journal analysis found.

Wall Street executives also sold large dollar amounts, including Laurence Fink, CEO of BlackRock Inc., who sold $25 million of his company shares on Feb. 14, pre-empting potential losses of more than $9.3 million and Lance Uggla, CEO of IHS Markit Ltd., a data and analytics firm, who sold $47 million of his shares around Feb. 19. Those shares would have dropped in value by $19.2 million if Mr. Uggla had retained them. A spokesperson said the shares were sold under a preset plan.

These early February sell offs are in addition to the sudden sales of stock by four Senators, all conveniently timed to beat the crash that has since occurred.

If I was a cynic I would say they got inside information from their buddies in Congress and the state governments, telling them that the government was going to shut down the economy because of COVID-19, and you better sell.

If I was a fool I’d say that can’t be, these people are all upfront and honest, especially those in Congress. They would never work with the big stockholders on Wall Street to manipulate stocks so those stockholders could make a killing. Never!

Meanwhile, Bezos’ stock sale now gives him a total of $8.2 billion in cash from all his stock sales since 2017. While he has said this money was intended to support his space company Blue Origin, he has also said he wants to spend $10 billion on “climate change.”

SpaceX seeking $250 million more in investment capital

Capitalism in space: According to anonymous sources, SpaceX is once again seeking more investment capital, this time totaling $250 million.

Last year the company raised $1.33 billion. While not as much as the personal cash that Jeff Bezos has raised for Blue Origin by selling his personal Amazon stock, it has been enough for SpaceX to accomplish far more. Not only is the company about to launch its first manned mission, it has quickly begun assembling its Starlink internet constellation in orbit, while pushing forward on Starship construction.

Jeff Bezos to spend $10 billion on “climate change”

Jeff Bezos yesterday announced that he plans to spend $10 billion of his own money on “climate change,” awarding grants to “scientists, activists and nonprofits.”

“I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Bezos said in the post.

I wonder if has any idea what he means by “climate change.” From this and other quotes, I would guess he does not. Instead, it appears his knowledge of the climate field is similar to most leftist politicians and activists, superficial and based on slogans and soundbite claims.

Meanwhile, this story suggests that a good portion of the $4.6 billion he has gotten by cashing out his Amazon stock in the past few years will go to this initiative, rather than his space company Blue Origin.

Bezos sells another $1.8 billion in Amazon stock

Capitalism in space: This past week Amazon CEO Jeff Bezos sold more than $1.8 billion of his Amazon stock, apparently as part of his continuing effort to fund his space company Blue Origin in the development of its suborbital New Shepard spacecraft, its New Glenn orbital rocket, and its Blue Moon lunar lander.

In 2017 Bezos had said he would sell off about a billion dollars per year to fund Blue Origin. However, a survey of these stock sales suggests he has upped that figured considerably, with higher sales more frequently. His first big stock sale was in May 2017 for $1 billion. The second was in November 2017 for another billion. Then in August 2018 Bezos did two stock sell-offs within a week of each other, totaling $2.8 billion.

Now, in February 2020, he has raised another $1.8 billion by selling his Amazon stock. All told, he has raised $6.6 billion in cash in just three years. According to him, all of it is supposedly for Blue Origin, though there is no public information to confirm this.

With that much cash, Bezos’s Blue Origin is likely the best funded space company in the world, and should have enough capital to build almost anything it wants.

Blue Origin protests Air Force launch procurement process

Blue Origin has submitted a protest to the Government Accountability Office (GAO) yesterday about the Air Force plan to pick two launch providers now for all its satellite launches after 2026.

According to a copy of the protest obtained by FLORIDA TODAY, the ordering period for the launches would run from 2020 to 2024 and ultimately select two contractors for flights beginning in 2026.

“The most recent market research, however, indicates the total global addressable space launch market, including NSSL launches, could support three or even four U.S. launch companies,” the protest reads. “Even the Agency’s own LSP source selection support contractor – the Aerospace Corporation – predicts that the space launch market has significant potential to suffer from a launch capacity shortfall because U.S. and foreign government launches will require most of the available launch capacity.”

I couldn’t agree with Blue Origin more. The Air Force wants to limit competition in the 2020s to only two companies, which will almost certainly be ULA and SpaceX since they are the only two presently flying, when by the 2020s there might be several more companies available providing competition that can lower the price.

There is no reason for the Air Force to make this decision now. None. When they need to order these launches in the early 2020s they should open that bidding process to all comers, and pick appropriately, then. Everything about this Pentagon plan stinks, reeking of the corruption that permeates Washington. I even wonder if some people have gotten pay-offs in connection with the decision to favor only two companies. It wouldn’t surprise me. (I myself have been offered money to let military lobbying companies ghostwrite op-eds using my name, supporting this Air Force plan, offers that I very bluntly turned down.)

Also, even if Blue Origin’s protest now fails, expect whoever doesn’t get picked by the Air Force now to file lawsuits in the 2020s when they are denied the right to bid on those future launches. And expect the Air Force to then back down, as it was forced to do when SpaceX was denied the right to bid on Air Force contracts early in this decade.

One more thought: This protest suggests Blue Origin already expects to not get picked. This expectation might also explain why Jeff Bezos decided to sell more Amazon stock last week, raising almost $3 billion in capital. He might be anticipating that Blue Origin will be cut out of those Air Force contracts, and so needs more of his own money to develop its New Glenn rocket.

Bezos sells another $1.8 billion in Amazon stock

Capitalism in space? Jeff Bezos last night sold just under a million shares of his Amazon stock, earning in cash an estimated $1.8 billion.

Unlike a similar sale of stock by Bezos last April, there is no statement from Bezos about what he intends to use the money for. Then Bezos made it clear that he intended to periodically sell his stock to raise money for Blue Origin and its various space ventures. Today’s sale was the third since he said this, with total earnings from all three sales totaling about $4 billion, and all are likely aimed at funding that space company.

I might have increasing concerns about Blue Origin because of what appears to be a stalled rollout of New Shepard and New Glenn, but with deep pockets such as this, it would be surprising if the company fails to achieve its goals.

Bezos sells another $1 billion in Amazon stock to fund Blue Origin

Capitalism in space: Repeating a stock sale he did in May, Jeff Bezos this week sold another million shares of his Amazon stock to raise another $1.1 billion in cash to finance his Blue Origin rocket company.

The stock sale reduced his holdings in Amazon by 1.3% to 16.4% total.

With this much cash available, Bezos has the luxury of developing and building his business with no help from the government and completely free to do whatever he wants. This freedom puts him in a very enviable position.

Bezos sells about $1 billion of his Amazon shares

Capitalism in space: This past week Amazon CEO Jeff Bezos raised about $1 billion in cash by selling 1 million shares of his stock in Amazon.

Amazon.com Inc. Chief Executive Officer Jeff Bezos sold about $1 billion in company stock as part of a planned divestiture, a month after the world’s third-richest man said he spends about that amount annually on his space exploration company Blue Origin LLC.

Bezos sold 1 million shares from Tuesday to Thursday ranging in price from about $935 to $950 per share, according to a regulatory filing on Thursday. He still owns 79.9 million shares, or about 17 percent of the company, down from 83 million shares at the end of 2015.

What this means for Blue Origin is that Bezos has very deep pockets, and will likely be able to finance the development of its very big New Glenn rocket without outside help. That the company will likely also win contracts along the way for the company’s BE-4 rocket engine will also not hurt Bezos’ financial position.