Capitalism in space: The first phase in Blue Origin’s auction for the purchase of the first seat on its New Shepard suborbital spacecraft in July has closed, with the high bid now $2.8 million.
Amazon CEO Jeff Bezos’ Blue Origin space venture has begun unsealing the bids for an open seat on its New Shepard suborbital spaceship, and the high bid hit the $2.8 million mark with more than three weeks to go in the online auction.
Blue Origin says the auction has drawn out more than 5,200 bidders from 136 countries. … Bidding started on May 5 and will conclude with a live auction on June 12. Proceeds from the sale will be donated to Blue Origin’s educational foundation, the Club for the Future.
The first phrase involved sealed secret bids, and ended with the high bid at $1.4 million. The second phase, on-going now with bidding quite brisk, makes the high bid visible to all bidders.
The $2.8 million bid is far higher than the estimated price point predicted for this suborbital flight, which had been in the range of several hundred thousand dollars. The high price is likely because this will be the first flight, and people with cash are willing to spend it to get bragging rights to that seat. At the same time, the high bidding suggests that the previous estimated ticket price might have been low, at least for the first flights.
With three weeks left before the final live auction on June 12th, there is a chance the winning bid could get even higher.
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