Blue Origin, the space venture backed by billionaire Jeff Bezos, has appointed a new CEO as it intensifies its efforts to initiate orbital flights and compete with SpaceX, The Wall Street Journal reported.
Dave Limp, a seasoned executive at Amazon Inc., is set to transition to Blue Origin as CEO in early December. He will succeed Bob Smith, the current top leader, who will step down in early January.
Despite being founded by Bezos nearly 25 years ago, Blue Origin has lagged behind Elon Musk’s SpaceX in launching missions into orbit. The company is preparing to launch New Glenn, a powerful orbital vehicle, next year.
See Also: McCarthy Vows To Exclude Ukraine Funds From Pentagon Bill
In his announcement, Bezos praised Limp’s “outstanding sense of urgency” and his ability to energize teams. Limp has managed several notable consumer products at Amazon, including the Kindle reader and Alexa device.
Under Smith’s leadership, Blue Origin has grown its workforce to over 10,000 and has established a division that manufactures engines for United Launch Alliance, another rocket launcher, and a suborbital space tourism unit.
As previously reported by CNBC, Limp’s appointment as CEO comes after he successfully managed Project Kuiper, a low-Earth-orbit satellite network that rivals SpaceX’s Starlink fleet.
Read Next: The biggest disruption to smartphones in 15 years is here. See how this company is Giving Users An Opportunity To Make Up To $1200 A Year
Photo: Shutterstock, Flickr
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.