Bezos’ $941M stock sale fuels Blue Origin

Jeff Bezos
Jeff Bezos discusses Blue Origin’s New Shepard booster rocket and crew capsule at the Space Symposium (GeekWire Photo / Kevin Lisota)

Billionaire Jeff Bezos’ Blue Origin space venture is sure to benefit from his record-high $941 million selloff of Amazon shares. The sale, executed this week and reported in a filing with the Securities and Exchange Commission, represents just a thin slice of the Amazon founder’s estimated $80 billion net worth. But it meshes with his comment last month at a Colorado space conference that he sells “about a billion dollars a year of Amazon stock, and I use it to invest in Blue Origin.”

Get the news brief on GeekWire.

By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

Leave a Reply

%d bloggers like this: