@StandardMedia

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

7 days ago, 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

Suggested

3 hours ago, 12:13
@AfricaNews - By: Africanews
Nigeria Air seeks strategic partner to invest $300m | Africanews

Decades of neglect and lack of investment have left Nigeria with low-quality infrastructure seen as a hurdle to prosperity. The government has said that upgrading it will require private investment. ...

Category: africa topnews news africa_business business
7 hours ago, 07:57
@DailyNation - By: Brian Ngugi
BAT half-year profit rises 3.39pc to Sh2bn

Sales rose due to incremental pricing and distribution expansion initiatives. ...

Category: topnews news business
3 hours ago, 12:40
@StandardMedia - By: Bbc
Fashion firm burns items worth billions to prevent them being sold cheaply

Burberry, the upmarket British fashion label, destroyed unsold clothes, accessories and perfume worth Sh 3 billion (£28.6m) last year to protect brand ...

Category: business news
1 hour ago
@CapitalFMNews - By: Ken Macharia
78-year-old works alongside her great-grandsons at a Nairobi audio shop

NAIROBI, Kenya, Jul 20 - Like most senior citizens in Kenya, Cecelia Wangari, guesstimates her exact age. Her national identity card reads 1940 as the Kenya breaking news | Kenya news today | ...

Category: business
10 minutes
@CapitalFMNews - By: Njoki Kihiu
Contaminated or not? Kenyans divided about domestic sugar consumption

NAIROBI, Kenya, Jul, 20 - As the final report by the Joint Committee probing the proliferation of contraband sugar in the country is due on Tuesday, Kenya breaking news | Kenya news today | ...

Category: business
7 hours ago, 08:28
@BusinessDaily - By: Dr Mukuhi Ng’ang’ ...
DR NG'ANG'A: Why am I Losing Weight?

Cancer can cause generalised symptoms. ...

Category: business opinion news markets lifestyle economy corporate

@StandardMedia

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

7 days ago, 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

Suggested

3 hours ago, 12:13
@AfricaNews - By: Africanews
Nigeria Air seeks strategic partner to invest $300m | Africanews

Decades of neglect and lack of investment have left Nigeria with low-quality infrastructure seen as a hurdle to prosperity. The government has said that upgrading it will require private investment. ...

Category: africa topnews news africa_business business
7 hours ago, 07:57
@DailyNation - By: Brian Ngugi
BAT half-year profit rises 3.39pc to Sh2bn

Sales rose due to incremental pricing and distribution expansion initiatives. ...

Category: topnews news business
3 hours ago, 12:40
@StandardMedia - By: Bbc
Fashion firm burns items worth billions to prevent them being sold cheaply

Burberry, the upmarket British fashion label, destroyed unsold clothes, accessories and perfume worth Sh 3 billion (£28.6m) last year to protect brand ...

Category: business news
1 hour ago
@CapitalFMNews - By: Ken Macharia
78-year-old works alongside her great-grandsons at a Nairobi audio shop

NAIROBI, Kenya, Jul 20 - Like most senior citizens in Kenya, Cecelia Wangari, guesstimates her exact age. Her national identity card reads 1940 as the Kenya breaking news | Kenya news today | ...

Category: business
10 minutes
@CapitalFMNews - By: Njoki Kihiu
Contaminated or not? Kenyans divided about domestic sugar consumption

NAIROBI, Kenya, Jul, 20 - As the final report by the Joint Committee probing the proliferation of contraband sugar in the country is due on Tuesday, Kenya breaking news | Kenya news today | ...

Category: business
7 hours ago, 08:28
@BusinessDaily - By: Dr Mukuhi Ng’ang’ ...
DR NG'ANG'A: Why am I Losing Weight?

Cancer can cause generalised symptoms. ...

Category: business opinion news markets lifestyle economy corporate
Our App