Bezos sells about $1 billion of his Amazon shares


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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.

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3 comments

  • Tom Billings

    There was never any doubt that Bezos *could* do this. There were always some who consistently claimed that the entire New Space industry was a scam to suck government money away from the true blue old cost+ contractor space industry. They thus concluded he *wouldn’t* do this, or wouldn’t do this without a government source of income. Their position has once again been shown to be utterly blind to any motives except the motives of cost+ club members, the next quarters profits.

  • LocalFluff

    Maybe he will instead put that billion cash into his bleeding Washington Post.

  • Stevem

    It’s going to be interesting to see the final cost to develop New Glenn compared to the SLS. Both are heavy launch vehicles so it would be hard to claim that it won’t be a valid comparison. My guess is that NG will come in at 10% – 15% of SLS costs. Bezos has deep pockets but costs to get NG flying won’t make much of a dent in his multi-billions.

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