January 27, 2022

Winning Ticket to Join Jeff Bezos in Space Costs Nearly $30 Million in Blue Origin Auction

A ticket to go into space next month with

Jeff Bezos

went for almost $30 million, including the commission, in a charity auction Saturday, said Blue Origin LLC, the space company founded by the billionaire.

The winner of the live phone auction wasn’t revealed Saturday—Blue Origin said it had to complete final paperwork—but is expected to be named in two weeks.

The successful bidder will be among the passengers on the New Shepard vehicle’s first crewed launch planned for July 20 and spend a few minutes in space with Mr. Bezos, his brother Matt Bezos and an unnamed fourth would-be astronaut.

Bidding opened Saturday at $4.9 million and rose quickly to $10 million before four participants competed to ultimately raise the price to $28 million. A 6% buyers’ commission is added to the winning bid, taking the final cost to $29.7 million. Blue Origin said 7,600 bidders from 159 countries registered for the event.

Proceeds go to the Blue Origin Club for the Future charity, which focuses on encouraging young people to take an interest in space, math and science.

The mission next month ushers in a new chapter for the long-delayed space tourism industry, where Blue Origin and Richard Branson’s

Virgin Galactic Holdings Inc.

SPCE -0.88%

have competed to take the first paying passenger on a reusable vehicle.

The winning bid was more than 10 times the highest auction bid price before Mr. Bezos announced Monday that he would be part of the 10-minute flight to the edge of space and back in a capsule that can hold six passengers.

Mr. Bezos is stepping down as

Amazon.com Inc.’s

AMZN -0.08%

chief executive July 5 after leading the company for more than two decades. He has invested heavily in Blue Origin, contributing as much as roughly $1 billion a year.

The New Shepard is autonomous, with no pilot, and the winning bidder will have just six weeks to prepare for the mission. Passengers must sign a form waiving their right to sue Mr. Bezos’s Blue Origin in the event of an accident. The company said minimal training is required, and they don’t have to pass a medical, only complete physical requirements including being able to run to the top of the company’s launch tower—about seven flights of stairs—in 90 seconds and fit into a spacesuit.

(More to Come)

Write to Doug Cameron at doug.cameron@wsj.com

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Related Posts

Carlos Ghosn Fallout: American Father, Son Plead Guilty to Role in Escape

June 14, 2021

June 14, 2021

TOKYO—Americans Michael Taylor and Peter Taylor pleaded guilty in Tokyo on Monday to the charge of helping former Nissan Motor...

U.S. Jobless Claims Fall to Another Pandemic Low

June 10, 2021

June 10, 2021

Jobless claims declined to a pandemic low last week, a sign companies are hesitant to lay off employees as the...

Boeing Names GE Veteran Brian West as CFO

June 30, 2021

June 30, 2021

Boeing Co. named Brian West, a veteran of the aircraft-engine maker General Electric Co. , as its next chief financial...

Boeing and Airbus Meet New Competition: Their Own Used Planes

June 14, 2021

June 14, 2021

It is hard to compete against your own products. Vaccination campaigns are finally giving airlines the visibility they need to...

GlaxoSmithKline Talks Up Growth Prospects as Activist Investor Elliott Looms

June 23, 2021

June 23, 2021

Pharmaceutical giant GlaxoSmithKline PLC GSK 1.99% pledged to accelerate growth and gave further details of the long-planned separation of its...

Hertz’s Complex Shareholder Payout Explained

June 10, 2021

June 10, 2021

Hertz Global Holdings Inc. is concluding a chapter 11 case that generated big gains for shareholders, who are usually an...

Next-Generation GPS Firm NextNav Nears SPAC Deal to Go Public

June 10, 2021

June 10, 2021

NextNav Holdings LLC is nearing a combination with a special-purpose acquisition company that would take the next-generation GPS firm public...

The Pizza Business Is Divided on Delivery

May 30, 2021

May 30, 2021

The industry that pioneered delivery food is divided on whether to make its pies available through apps like DoorDash DASH...

G-7 Tax Plan: What We Know About the Global Corporate Tax Deal

June 8, 2021

June 8, 2021

Seven wealthy countries have announced a plan to impose a minimum levy on multinational corporations and rewrite the rules governing...

Uber and Lyft Thought Prices Would Normalize by Now. Here’s Why They Are Still High.

October 30, 2021

October 30, 2021

Americans hailing an Uber or a Lyft ride still face elevated prices due to a shortage of drivers—the latest example...

Google, Facebook, Amazon Among Those Set to Fight House Big Tech Antitrust Package

June 24, 2021

June 24, 2021

The House Judiciary Committee voted on Thursday to approve the final piece of its six-part package, the “Ending Platform Monopolies...

‘A Quiet Place’ Sequel Reboots Summer Moviegoing

May 31, 2021

May 31, 2021

Compared with last year, how much better was the kickoff to this year’s summer season at the movies? More than...

Biden, Yellen Seek Backing for $2.3 Trillion Infrastructure Package

May 19, 2021

May 19, 2021

President Biden and Treasury Secretary Janet Yellen promoted the administration’s infrastructure and tax plans as vital for the U.S. to...

Electronic Arts Discloses Hack of ‘FIFA 21’ Source Code

June 10, 2021

June 10, 2021

Electronic Arts publishes the popular FIFA videogame franchise. Photo: Martin Meissner/Associated Press Electronic Arts Inc. EA -0.11% said Thursday that...

U.S. Wins International Backing for Global Minimum Tax

July 1, 2021

July 1, 2021

The U.S. has won international backing for a global minimum rate of tax as part of a wider overhaul of...