July 9, 2021

Amazon CEO Jeff Bezos will travel to space this month.

Bezos, the millionaire creator of Amazon, said on Monday that he and his brother Mark will take part in the first crewed space mission from his rocket firm, Blue Origin, later this month.

“Since I was a child of five years old, I’ve fantasised about travelling to another planet. On the 20th of July, I will go on this trip with my brother “Bezos, who is one of the world’s wealthiest individuals, made the statement in an Instagram post, according to Forbes. Mr Bezos, who stepped down as CEO of Amazon on July 5, will go to space with the winner of an auction for a ticket on Blue Origin’s first space mission, which will launch in 2018. Bezos, fellow billionaire Elon Musk, and billionaire Richard Branson have all invested billions of dollars in their rocket start-ups, but Bezos will be the first of the three to fly into space on a rocket built by his own business, the Blue Origin rocket

The Blue Origin spaceship, which is expected to transport Bezos and others, has completed 15 test flights, none of which carried any passengers. Blue Origin announced the completion of the first round of the auction last month, noting that it had gotten more than 5,200 bids from 136 nations. The company did not disclose the top offer from the round.

According to Blue Origin’s website, the latest top offer was $2.8 million in the continuing second round of the auction, which is still underway. (www.blueorigin.com) In a press release, SpaceX said that its New Shepard rocket-and-capsule combination is designed to autonomously transport six passengers more than 62 miles (100 kilometres) above Earth into suborbital space, where they will be able to explore turbulence for another few minutes and see the curvature of Earth before returning to Earth via parachutes.

According to Blue Origin, the capsule has six viewing windows that are almost three times as tall as those on a Boeing 747 airliner and is the biggest spacecraft ever sent into orbit. The first suborbital tourist flight by Bezos’ rocket is scheduled to take place on July 20th, marking a watershed moment in a race to usher in a new age of space tourism by private companies. According to Reuters, the setup was intending to charge passengers at least $200,000 for the trip, based on an evaluation of competing proposals from Branson’s Virgin Galactic Holdings Inc and other factors. However, the company’s thinking may have changed since that story was published.

When it comes to ensuring risks associated with space flight, global insurers are still in the early phases of their development. Life insurance companies do not inquire about or exclude space travel from their policies. Unless there is gross negligence or willful wrongdoing on the part of the insurance company, “you will sign this release of responsibility, and if you don’t survive, regrettably, there will be no financial recovery,” said Richard Parker from Assure Space, a subsidiary of insurer Am.

Image Source: Wired

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