Billionaires are dominating headlines about space right now, but there’s a wealth of space technology startups flying under the radar. Insider spoke to space-focused venture capital firms and asked them to name two startups they are most excited about right now. We asked the VCs to pick one portfolio company and one they had no … Read more
British billionaire Richard Branson flew into space Sunday aboard a Virgin Galactic vessel, a voyage he described as the “experience of a lifetime” — and one he hopes will usher in an era of lucrative space tourism. “Congratulations to all our wonderful team at Virgin Galactic for 17 years of hard, hard work to get … Read more
Amazon.com Inc founder Jeff Bezos will fly to space next month on the first space flight from his rocket company Blue Origin, the billionaire said on Monday. “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 said in an … Read more
Jeff Bezos sold $1.7 billion of Amazon.com Inc. stock, bringing the amount he’s unloaded this month to about $6.7 billion. Bezos sold 521,936 shares under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings. That brings the total sold in three batches in May to 2 million shares. He said in … Read more
Amazon beat fourth quarter analyst expectations with diluted EPS of $14.09. In 2019, Amazon’s executives earned between $163,200 and over $50 million. Due to previous equity awards, some executives did not receive stock in 2019. Visit Business Insider’s homepage for more stories. Amazon reported diluted EPS of $14.09 for the fourth quarter of 2020 on … Read more
The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first … Read more
Amazon CEO Jeff Bezos is now more fully involved in the daily operations of the company, after having spent the past few years almost exclusively focused on long-term projects. Bezos has said he prefers working 2 to 3 years into the future, and he rarely gets pulled into the daily oversight of the company — … Read more
Elon Musk has overtaken Bill Gates as the world’s second-richest person. His net worth is now $128 billion. Musk’s wealth has been on a steady climb this month: Tesla’s market cap soared as high as $498 billion Monday as it is set to join the S&P 500 in December. The jump in Musk’s net worth … Read more
“Monopolies are wrong,” Musk tweeted while tagging Bezos, the world’s wealthiest man. Musk’s post came in response to a tweet from a writer who said his book titled “Unreported Truths About COVID-19 and The Lockdown” was being removed from Amazon’s Kindle publishing division for violating unspecified guidelines. Time to break up Amazon. Monopolies are wrong! … Read more