The uncrewed New Shepard 24 test flight will refly the science payloads that were aboard the New Shepard 23 flight, which experienced an engine nozzle failure at 1 minute and 4 seconds following liftoff in September 2022. Blue Origin is preparing to launch its New Shepard rocket for the first time in over a year, the company said Tuesday.

 Blue Origin’s New Shepard rocket launch

“We’re targeting a launch window that opens on Dec 18 for our next New Shepard payload mission,” Blue Origin wrote on social network X, formerly known as Twitter. On Blue Origin New Shepard rocket no humans, but 33 science and research payloads will be on board, the company added, referring to cargo that will support experiments in space.

The New Shepard launch, titled NS-24, will be a cargo mission, carrying research and scientific payloads. The mission will mark the suborbital rocket’s return to flight, after a more than 14-month hiatus grounded since a September 2022 uncrewed mission failed roughly a minute after liftoff from Texas, forcing the rocket’s capsule full of NASA experiments to safely eject mid-flight.

Shepard rocket launch failure last year

The company in March determined that a “structural failure” in the rocket’s engine nozzle caused last year’s failure. No humans were aboard, though New Shepard has previously flown several missions carrying tourists, as well as Bezos, who founded Blue Origin in 2000, on the rocket’s maiden flight in 2021.

U.S. FAA review of Blue Origin’s New Shepard

The U.S. Federal Aviation Administration closed its review of Blue Origin’s New Shepard investigation in September, agreeing with the company’s findings. It required Blue Origin to make 21 corrective actions, including an engine redesign and “organizational changes.”

New Shepard returns to flight as Blue Origin races to get its much bigger rocket, New Glenn, off the ground for the first time, which it plans for late 2024.

While New Shepard only reaches the brim of space, New Glenn is designed to deploy heavier payloads into orbit as the centerpiece of Blue Origin’s goal to rival Elon Musk’s dominant SpaceX.

Bezos has shaken up the company’s leadership and corporate structure in recent months, Reuters has reported. Longtime Amazon executive Dave Limp started as Blue Origin’s new CEO earlier this month.

Jeff Bezos Blue Origin

The New Shepard rocket launches from Blue Origin’s private facility in West Texas, carrying people and payloads above 100 kilometers, or more than 340,000 feet, for a couple minutes of weightlessness. The capsule is flown autonomously, with no human pilot, and floats down with the assistance of a set of parachutes to land in the Texas desert. The New Shepard rocket booster is reusable, returning to land on a concrete pad near the launch site.

To date, Blue Origin has flown 31 people past the edge of space with New Shepard.

The post Blue Origin New Shepard Rocket Ready to Launch After 15 Months appeared first on Industry Leaders Magazine.

Jeff Bezos is an example of a powerful business leader who does not take anything for granted and does everything with caution and dedication. 

That is why he is the world’s richest man. 

As of November 2021, Amazon CEO Jeff Bezos owns over $200 billion. This sum is gained thanks to the different ventures and businesses that exceed the limits and change our reality in many different ways. 

Let’s see what makes him rich and how he gained the money that is hard to believe.

Bezos’ early career

Long before Amazon, Jeff Bezos worked for different companies that were the starting point of his career. After graduating from Princeton University in 1986, Bezos worked at Fitel, which was a start-up related to international trade. 

Later on, he moved to the banking industry and was a product manager at Bankers Trust. In the following years, he worked for a hedge fund and at the age of 30, he became D. E. Shaw’s fourth senior vice-president.

In 1993, Bezos wanted to build an online bookstore. That is why he founded Amazon in 1994. He saw big potential in this industry and he already had a vision of Amazon becoming the first online store that offers some great amenities.

Bezos invested the major part of his parents’ savings and he also gathered $1 million in seed funding. This was the initial investment in the company that would later become the number one e-commerce company in the world.

The Rise of Amazon & the World’s Richest Man

In May 1997, Amazon went public and solidified itself as a market leader. It had product offerings that could not be found anywhere else, which is why annual sales reached over $3 billion in 2001. 

In 2013, Jeff Bezos revealed the improved Amazon web services in the form of Amazon Prime subscription businesses. There was also Amazon Prime Air, the service that would use drones for delivering the items to the customers. 

In 2016, Bezos sold more than one million shares for over $600 million, which was the largest sum he had raised from selling any Amazon stock by that time. One year later, he employed more than 130,000 new employees for the new distribution centers. 

With the progress of Alibaba in China, Bezos was looking for ways to reach the market in India. He dispatched the vice president to India to localize operations and improve the supply chains. It happened in March 2018.

In the same month, U.S. President Donald Trump accused Bezos of misusing postal routes and avoiding sales taxes. These accusations initiated the fall of Amazon’s share price by 9%. This also left a bad media reputation for Bezos.

However, he rebuilt his reputation in the recent year and continued to lead Amazon through the daily challenges.

Other ventures 

Bezos has always shared his visions about space flights and space colonization. He founded the Blue Origin company in September 2000, and he wanted to establish the company as the leading spaceflight company on the market. 

Jeff Bezos’ Blue Origin is funded by different sources, but some of the most significant sources of income come from selling Amazon stocks. Bezos invests more than $1 billion of Amazon stocks each year to fund the projects of Blue Origin. 

Jeff Bezos continues to be a role model for many business persons and his investments are precisely selected to bring larger incomes. That is why he is the world’s richest man with the potential to enlarge his fortune in the following years. 

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