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Blue Origin to Invest $1 Billion in New Glenn Rocket in 2019

Vivienne Machi By
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Blue Origin to Invest $1 Billion in New Glenn Rocket in 2019
Jeff Bezos, Amazon chief executive officer, speaks with retired Gen. Larry Spencer, Air Force Association president, during AFA’s Air, Space and Cyber Conference in National Harbor, Md., Sept. 19, 2018. ASC18 is a professional development conference that offers an opportunity for Department of Defense personnel to participate in forums, seminars, speeches and workshops. (U.S. Air Force photo by Tech Sgt. Anthony Nelson Jr.)

NATIONAL HARBOR, Md. — Blue Origin is planning to invest $1 billion in its forthcoming New Glenn orbital launch vehicle, as the company works to develop more reusable and affordable space launch capabilities, founder Jeff Bezos said Wednesday.Speaking during the final keynote at the Air Force Association’s annual Air, Space and Cyber event here, Bezos — also founder and CEO of Amazon [AMZN]— said his company has stressed the importance of reliability as it builds more agile space systems.“What’s the…

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