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

Blue Origin, Boeing chart course for 'business park' in space

Published 10/25/2021, 02:26 PM
Updated 10/26/2021, 08:31 PM
© Reuters. FILE PHOTO: Amazon and Blue Origin founder Jeff Bezos addresses the media about the New Shepard rocket booster and Crew Capsule mockup at the 33rd Space Symposium in Colorado Springs, Colorado, United States April 5, 2017.  REUTERS/Isaiah J. Downing/File
BA
-

(Reuters) - Billionaire Jeff Bezos-owned Blue Origin on Monday unveiled plans to develop a commercial space station called "Orbital Reef" with Boeing (NYSE:BA), aiming to launch the spacecraft in the second half of this decade.

The venture will be built in partnership with Sierra Space, the spaceflight wing of defense contractor Sierra Nevada Corp, and will be backed by Redwire Space, Genesis Engineering Solutions and Arizona State University.

Orbital Reef will be operated as a "mixed use business park", and plans to provide the infrastructure needed to scale economic activity and open new markets in space, Blue Origin and Sierra Space said.

"Seasoned space agencies, high-tech consortia, sovereign nations without space programs, media and travel companies, funded entrepreneurs and sponsored inventors, and future-minded investors all have a place on Orbital Reef," the companies said in a statement.

© Reuters. FILE PHOTO: Amazon and Blue Origin founder Jeff Bezos addresses the media about the New Shepard rocket booster and Crew Capsule mockup at the 33rd Space Symposium in Colorado Springs, Colorado, United States April 5, 2017.  REUTERS/Isaiah J. Downing/File Photo

Sierra in April announced plans to offer the first free-flying commercial space station. (https://

In July, Blue Origin had a successful debut space tourism flight, with Bezos and three others aboard. Earlier this month, 90-year-old U.S. actor William Shatner - Captain James Kirk of "Star Trek" fame - became the oldest person in space aboard a rocketship flown by Blue Origin.

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.