Former Amazon CEO Jeff Bezos offered to waive $2 billion in payments to secure his spaceflight company Blue Origin a NASA contract.
Bezos asked NASA Administrator Bill Nelson in an open letter Monday to award Blue Origin a contract to construct a Human Landing System (HLS), a lunar-landing vehicle, as part of the Artemis program, offering to waive up to $2 billion in fees. Elon Musk’s space company SpaceX had been awarded the $2.9 billion contract in April, beating out Blue Origin’s bid, The Wall Street Journal reported.
The Artemis program is intended to return human astronauts to the Moon, with a manned mission to Mars planned as well. Though the program was initially planned as a joint contract, it was awarded solely to SpaceX due to budgetary constraints which Bezos’ offer sought to alleviate, according to the letter.
“Blue Origin will bridge the HLS budgetary funding shortfall by waiving all payments in the current and next two government fiscal years up to $2 billion to get the program back on track right now,” Bezos wrote in the letter.
Jeff Bezos became the second billionaire to successfully reach outer space this month when his Blue Origin New Shepard spacecraft exited the atmosphere Tuesday, the latest development in the ongoing space race between Bezos, SpaceX’s Elon Musk, and Virgin Galactic’s Richard Branson.
Branson was the first billionaire in space last week when he and several crew members aboard his VSS Unity spaceplane successfully flew to an altitude of 53.5 miles. His company Virgin Galactic, founded in 2004, is developing commercial spacecraft to be used in suborbital flights for those seeking a trip to outer space. Musk’s SpaceX, founded in 2002, has been at the forefront of the private space industry for over a decade, with Musk planning a mission to Mars as early as 2024.
After completing a 10 minute flight to the edge of space, Jeff Bezos announced on Tuesday that he is gifting $100 million each to Van Jones and José Andrés.
According to Bezos, the new philanthropic endeavor, The Courage and Civility Award, awarded to the two “recognizes leaders who aim high, and who pursue solutions with courage, and who always do so with civility.”
Amazon founder Jeff Bezos officially handed over the position of CEO to successor Andy Jassy on Monday, transitioning to the role of executive chair.
Bezos, whose stake in Amazon is worth roughly $180 billion according to the Associated Press, announced in a blog post his plans to step down from the chief executive officer position in February. Bezos said his new position as executive chair would allow him “to focus my energies and attention on new products and early initiatives.”
Amazon endorsed President Joe Biden’s proposed higher corporate tax rate despite its history of routinely avoiding most or all of its federal tax obligations.
The massive online retailer supports President Joe Biden’s plan to pay for the $2 trillion infrastructure plan he unveiled last week, Amazon CEO Jeff Bezos said in a statement Tuesday. Biden announced that the plan would raise the corporate tax rate from 21% to 28%.
Amazon CEO Jeff Bezos who announced plans to step down as Amazon’s CEO last month to focus on philanthropic and science interests, is set to spend the $10 billion he invested in the Bezos Earth Fund by 2030, the Associated Press reported.
Bezos announced the fund in February 2020, but he offered few details on how exactly the money would be distributed. Andrew Steer, who for eight years has been the head of the environmental nonprofit World Resources Institute (WRI), will be the fund’s CEO.
In a series of tweets, Steer revealed very few details, however he did say Bezos’ “goal is to spend it down between now and 2030.”
Jeff Bezos, the founder and CEO of Amazon and owner of The Washington Post, solidified his status as the world’s wealthiest man after his net worth reached the $200 billion mark, according to the Daily Caller.
Bezos reached the astounding milestone on Wednesday, with the Caller noting that he is not alone in expanding his wealth during the coronavirus pandemic and lockdown, which has significantly increased business for Amazon due to the rise in online shopping. Two other prominent CEOs who saw their net worths reach significant landmarks are Facebook CEO Mark Zuckerberg and Tesla CEO Elon Musk, who both reached $100 billion.
Facebook CEO Mark Zuckerberg was the only tech executive at Wednesday’s antitrust hearing who unequivocally said China is stealing technology from American companies.
“I think it’s well documented that the Chinese government steals technology from American companies,” the 36-year-old Silicon Valley executive said after Rep. Greg Steube asked him if China is stealing from U.S. technology companies. The Florida Republican posed the same question to CEOs Tim Cook of Apple, Jeff Bezos of Amazon, and Sundar Pichai of Google.
They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individual; another is the fourth-ranked billionaire. Their industry has transformed society, linked people around the globe, mined and commercialized users’ personal data, and infuriated critics on both the left and right over speech.
Amazon CEO Jeff Bezos is expected to ride the wave of business his company is collecting during the coronavirus pandemic to become the world’s first trillionaire, research shows.
Bezos’s net worth has grown by 34% on average over the past half decade, which could make him a trillionaire, according to an analysis from Comparisun, a platform that helps companies create business management tools. Along with creating marketing tools, the company also conducts studies forecasting what will happen in the business sector, Comparisun’s website noted.
Sen. Bernie Sanders (I-VT) and Rep. Ilhan Omar (D-MN-05) sent a letter Friday to Amazon CEO Jeff Bezos asking for “detailed information” about his plans to protect warehouse workers from the coronavirus.
Until Bernie Sanders was elected mayor of Burlington, Vermont, in 1981, he had never held a steady job. Almost 40, he had been “virtually unemployed” his entire adult life. Those who knew Sanders before he was elected mayor say “he was always poor” and lived “just one step above hand to mouth.”
Vermont Senator Bernie Sanders wants to tax billionaires out of existence, or at least make them an endangered species. His proposed wealth tax of up to 8 percent per year would mean “the wealth of billionaires would be cut in half over 15 years,” he says.
by Venkatesh Shankar A quarter of a century ago, on July 5, 1994, a company, which shared a name with the world’s largest river, was incorporated. It sold books to customers who got to its website through a dial-up modem. It wasn’t the first bookstore to sell online. (Books.com…