🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Bezos' Blue Origin completes fifth crewed flight launch

Published 06/04/2022, 01:33 PM
Updated 06/04/2022, 11:21 PM
© Reuters. The occupants of Blue Origin's fifth crewed capsule mission pose for photographs after landing near Van Horn, Texas, U.S. June 4, 2022 in a still image from video. Blue Origin/Handout via REUTERS.

By Katanga Johnson

WASHINGTON (Reuters) - Jeff Bezos' space tourism venture Blue Origin completed its fifth crewed launch on Saturday after a New Shepard rocket's back-up system that had not met expectations delayed the voyage last month.

Blue Origin's fourth flight landed successfully in March in west Texas after taking six passengers for a 10-minute journey to the edge of space.

"It was an honor to fly this special crew of explorers and true pioneers today," said Phil Joyce, Senior Vice President for New Shepard.

"Each mission is an opportunity to provide another six people the life-changing experience of witnessing the beauty and fragility of our planet from space."

The company's suborbital joyride lasts about 10 minutes from liftoff to touchdown and hits an altitude of about 350,000 feet (106 km), treating passengers to a few moments of weightlessness before a descent back to Earth for a parachute landing.

It forms part on an ongoing effort by a handful of companies including Elon Musk's SpaceX and Richard Branson-founded Virgin Galactic that are striving to make space travel a reality.

So far, Axiom, SpaceX and NASA have touted such missions as a milestone in the expansion of privately funded space-based commerce, constituting what industry insiders call the "low-Earth orbit economy," or "LEO economy" for short.

© Reuters. Jeff Bezos' space tourism venture Blue Origin launches its fifth crewed capsule mission from its base near Van Horn, Texas, U.S. June 4, 2022 in a still image from video. Blue Origin/Handout via REUTERS.

The International Space Station (ISS) has hosted several wealthy space tourists over the years.

Analysts applauded Saturday's latest series of ambitious rocket-powered expeditions bankrolled by private investment capital and wealthy passengers rather than taxpayer dollars six decades after the dawn of the space age.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.