Jeff Bezos, the billionaire founder of Amazon announces he will travel to space next month

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Jeff Bezos, the billionaire founder of Amazon.com introduced on Monday he will fly to space next month.

Bezos stated he and his brother Mark will fly from his rocket firm Blue Origin spacecraft.

“Ever since I was five years old, I’ve dreamed of traveling to space. On July 20th, I will take that journey with my brother,” Bezos stated in an Instagram put up.

Bezos, who introduced in February he is stepping down as the Chief Executive Officer of Amazon on July 5, 2021, will be part of the winner of an public sale for a seat on the first space flight from Blue Origin. He based amazon.com 27 years in the past.

Two different billionaires Elon Musk and Richard Branson are reportedly additionally spending billions constructing their rocket firms, however Jeff Bezos, the world’s richest man will be the first of the three to fly into space on a rocket developed by his personal firm.

“The world wants you to be typical. Don’t let it happen”, Bezos said in his last letter to shareholders few months in the past.

The Blue Origin spacecraft, which is about to carry Bezos and others, has undergone 15 take a look at flights, none of which had any passengers onboard.

Bezos, 57, is focusing on July 20 for the sightseeing journey to the space, a landmark occasion in a contest to usher in a brand new period of personal business space travel.

Passengers might pay no less than $200,000 for the trip, Reuters reported, citing an appraisal of rival plans from Branson’s Virgin Galactic Holdings Inc (SPCE.N) and different concerns.

It is unclear what number of insurance coverage firms will take up the danger as world insurers are nonetheless in the early levels of protecting liabilities surrounding space travel. Life insurers don’t ask about space tourism or exclude it from their protection.

“You will sign this waiver of liability and provided there’s no gross negligence or willful misconduct, if you don’t survive, unfortunately, there’s probably no financial recovery,” stated Richard Parker of Assure Space, a unit of insurer AmTrust Financial.

In related growth, Amazon-owned startup, Zoox, not too long ago unveiled a self-driving automobile, and the firm has stated it will quickly begin providing rides to passengers. Watch the story here

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