@StandardMedia

Jeff Bezos plans to charge at least Sh20m for space rides – sources

2 months ago, 13 July 07:22

By: Reuters

Jeff Bezos’ rocket company plans to charge passengers about Sh20m to Sh30m for its first trips into space next year, two people familiar with its plans said.

Potential customers and the aerospace industry have been eager to learn the cost of a ticket on Blue Origin’s New Shepard space vehicle, to find out if it is affordable and whether the company can generate enough demand to make a profit on space tourism.

Executives at the company, started by Amazon.com Inc founder Bezos in 2000, told a business conference last month they planned test flights with passengers on the New Shepard soon, and to start selling tickets next year.

The company, based about 20 miles (32 km) south of Seattle, has made public the general design of the vehicle - comprising a launch rocket and detachable passenger capsule - but has been tight-lipped on production status and ticket prices.

Blue Origin representatives did not respond to requests for comment on its programs and pricing strategy. Bezos said in May ticket prices had not yet been decided.

One Blue Origin employee with first-hand knowledge of the pricing plan said the company will start selling tickets in the range of about $200,000 (Sh20 million) to $300,000 (Sh30million). A second employee said tickets would cost a minimum of $200,000 (Sh20 million). They both spoke on condition of anonymity as the pricing strategy is confidential.

The New Shepard is designed to autonomously fly six passengers more than 62 miles (100 km) above Earth into suborbital space, high enough to experience a few minutes of weightlessness and see the curvature of the planet before the pressurized capsule returns to earth under parachutes.

The capsule features six observation windows Blue Origin says are nearly three times as tall as those on a Boeing Co 747 jetliner.

Blue Origin has completed eight test flights of the vertical take-off and landing New Shepard from its launch pad in Texas, but none with passengers aboard. Two flights have included a test dummy the company calls “Mannequin Skywalker.”

The company will do the first test in space of its capsule escape system, which propels the crew to safety should the booster explode, “within weeks,” one of the employees said.

Blue Origin, whose Latin motto means “step by step, ferociously,” is working towards making civilian space flight an important niche in the global space economy, alongside satellite services and government exploration projects, already worth over $300 billion a year.

Bezos, the world’s richest person with a fortune of about $112 billion, has competition from fellow billionaires Richard Branson and Elon Musk, Tesla Inc’s chief executive.

Branson’s Virgin Galactic says it has sold about 650 tickets aboard its own planned space voyages, but has not set out a date for flights to start. The company is charging $250,000 per ticket, in line with Blue Origin’s proposed pricing.

SpaceX, founded by Musk in 2002, says its ultimate goal is to enable people to live on other planets.

All three are looking to slash the cost ...
Read More


Category: business news topnews

Suggested

12 hours ago, 19:00
@BusinessDaily - By: Mwangi Muiruri
Nibs invests Sh100m in technical courses

Nairobi Institute of Business Studies (Nibs) has set aside Sh100 million to boost its new technical courses as it diversifies from regular business courses. ...

Category: business opinion news lifestyle corporate markets economy
12 hours ago, 19:00
@BusinessDaily - By: Edwin Mutai
Judiciary plans Sh9m luxury cars for judges

Thirty five judges are set to receive a Sh9 million fuel guzzler each, defying President Uhuru Kenyatta’s order to cut on motoring expenses amid an austerity drive. ...

Category: business news
12 hours ago, 19:00
@BusinessDaily - By: Editorial
EDITORIAL: Scale up efforts to raise number of loan accounts

If there were any doubts about the effects of low lending rates to small borrowers following the introduction of the interest rates capping law, the latest Central Bank of Kenya data should dispel ...

Category: business news
12 hours ago, 19:00
@BusinessDaily - By: John Mutua
Longhorn to set up e-learning centre at city women’s prison

Longhorn Publishers will set up a digital learning centre to help inmates at the Lang’ata Women’s Prison access the latest learning materials that are in line with the new competence-based ...

Category: business news corporate
12 hours ago, 19:00
@BusinessDaily - By: James Kariuki
Two Rivers scoops real estate award

Three Kenyan projects are among 11 recognised as Africa’s most innovative and demand-driven construction developments. ...

Category: business news corporate
12 hours ago, 19:00
@BusinessDaily - By: Lynet Igadwah
State takes over Sh48.5m Lavington home in stolen youth fund

The State has managed to recover just a third of the Sh180 million stolen from the Youth Enterprise Development Fund (YEDF) after it took ownership of a Sh48.5 million luxury five-bedroom apartment ...

Category: business news

@StandardMedia

Jeff Bezos plans to charge at least Sh20m for space rides – sources

2 months ago, 13 July 07:22

By: Reuters

Jeff Bezos’ rocket company plans to charge passengers about Sh20m to Sh30m for its first trips into space next year, two people familiar with its plans said.

Potential customers and the aerospace industry have been eager to learn the cost of a ticket on Blue Origin’s New Shepard space vehicle, to find out if it is affordable and whether the company can generate enough demand to make a profit on space tourism.

Executives at the company, started by Amazon.com Inc founder Bezos in 2000, told a business conference last month they planned test flights with passengers on the New Shepard soon, and to start selling tickets next year.

The company, based about 20 miles (32 km) south of Seattle, has made public the general design of the vehicle - comprising a launch rocket and detachable passenger capsule - but has been tight-lipped on production status and ticket prices.

Blue Origin representatives did not respond to requests for comment on its programs and pricing strategy. Bezos said in May ticket prices had not yet been decided.

One Blue Origin employee with first-hand knowledge of the pricing plan said the company will start selling tickets in the range of about $200,000 (Sh20 million) to $300,000 (Sh30million). A second employee said tickets would cost a minimum of $200,000 (Sh20 million). They both spoke on condition of anonymity as the pricing strategy is confidential.

The New Shepard is designed to autonomously fly six passengers more than 62 miles (100 km) above Earth into suborbital space, high enough to experience a few minutes of weightlessness and see the curvature of the planet before the pressurized capsule returns to earth under parachutes.

The capsule features six observation windows Blue Origin says are nearly three times as tall as those on a Boeing Co 747 jetliner.

Blue Origin has completed eight test flights of the vertical take-off and landing New Shepard from its launch pad in Texas, but none with passengers aboard. Two flights have included a test dummy the company calls “Mannequin Skywalker.”

The company will do the first test in space of its capsule escape system, which propels the crew to safety should the booster explode, “within weeks,” one of the employees said.

Blue Origin, whose Latin motto means “step by step, ferociously,” is working towards making civilian space flight an important niche in the global space economy, alongside satellite services and government exploration projects, already worth over $300 billion a year.

Bezos, the world’s richest person with a fortune of about $112 billion, has competition from fellow billionaires Richard Branson and Elon Musk, Tesla Inc’s chief executive.

Branson’s Virgin Galactic says it has sold about 650 tickets aboard its own planned space voyages, but has not set out a date for flights to start. The company is charging $250,000 per ticket, in line with Blue Origin’s proposed pricing.

SpaceX, founded by Musk in 2002, says its ultimate goal is to enable people to live on other planets.

All three are looking to slash the cost ...
Read More

Category: business news topnews

Suggested

12 hours ago, 19:00
@BusinessDaily - By: Mwangi Muiruri
Nibs invests Sh100m in technical courses

Nairobi Institute of Business Studies (Nibs) has set aside Sh100 million to boost its new technical courses as it diversifies from regular business courses. ...

Category: business opinion news lifestyle corporate markets economy
12 hours ago, 19:00
@BusinessDaily - By: Edwin Mutai
Judiciary plans Sh9m luxury cars for judges

Thirty five judges are set to receive a Sh9 million fuel guzzler each, defying President Uhuru Kenyatta’s order to cut on motoring expenses amid an austerity drive. ...

Category: business news
12 hours ago, 19:00
@BusinessDaily - By: Editorial
EDITORIAL: Scale up efforts to raise number of loan accounts

If there were any doubts about the effects of low lending rates to small borrowers following the introduction of the interest rates capping law, the latest Central Bank of Kenya data should dispel ...

Category: business news
12 hours ago, 19:00
@BusinessDaily - By: John Mutua
Longhorn to set up e-learning centre at city women’s prison

Longhorn Publishers will set up a digital learning centre to help inmates at the Lang’ata Women’s Prison access the latest learning materials that are in line with the new competence-based ...

Category: business news corporate
12 hours ago, 19:00
@BusinessDaily - By: James Kariuki
Two Rivers scoops real estate award

Three Kenyan projects are among 11 recognised as Africa’s most innovative and demand-driven construction developments. ...

Category: business news corporate
12 hours ago, 19:00
@BusinessDaily - By: Lynet Igadwah
State takes over Sh48.5m Lavington home in stolen youth fund

The State has managed to recover just a third of the Sh180 million stolen from the Youth Enterprise Development Fund (YEDF) after it took ownership of a Sh48.5 million luxury five-bedroom apartment ...

Category: business news
Our App