- Jeff Bezos, founder of Amazon.com, Inc. AMZN, is also the founder of Blue Origin – a private company that develops vehicles and technologies to enable commercial human space transportation.
- Blue Origin announced on Tuesday that its New Shepard space vehicle successfully lifted off into space.
- While Blue Origin's spacecraft certainly isn't the first vehicle to fly into space, it is notable because the spacecraft is reusable.
The rarest of beasts - a used rocket. Controlled landing not easy, but done right, can look easy. Check out video: https://t.co/9OypFoxZk3
— Jeff Bezos (@JeffBezos) November 24, 2015
On April 29, Blue Origin flew the first development test flight of the New Shepard space vehicle. The launch was a complete success, although the company didn't get to recover the propulsion module due to a loss of pressure in the hydraulic system on descent. It has since been re-assembled and improved.
"Full reuse is a game changer, and we can't wait to fuel up and fly again," Jeff Bezos said in the company's report on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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