Blue Origin sees clear skies for inaugural space flight by Bezos and crewmates
The planned 11-minute trip from the company s Launch Site One facility is set to include the oldest person ever to go to space - 82-year-old trailblazing female aviator Wally Funk - and the youngest - 18-year-old physics student Oliver Daemen.
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Eric M. Johnson / Reuters | 6:30 pm, Jul. 18, 2021 × Amazon and Blue Origin founder Jeff Bezos addresses the media about the New Shepard rocket booster and Crew Capsule mockup at the 33rd Space Symposium in Colorado Springs, Colorado, on April 5, 2017. Blue Origin s inaugural flight to the edge of space is planned for Tuesday, July 20, 2021. REUTERS/Isaiah J. Downing
Now, Jeff Bezos is going to space — and higher than Branson: When & where to watch Blue Origin flight
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Bezos, crew ready for first space flight
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Naspers shareholders may never be able to reap the full rewards of its Tencent bet because of the way index investing works, Bloomberg s Alex Webb believes.
It’s one of the most successful investments of all time. The $32 million (R452 million) that Naspers invested in China’s Tencent in 2001 is now worth more than $200 billion (R2.8 trillion). But the South African company may never be able to reap the full rewards of that bet, because the way that index investing works means Naspers is simply too big for its home market to swallow.
The stake in Tencent has made Naspers the largest constituent of the Johannesburg Stock Exchange, accounting for almost a quarter of the index’s weighting. That creates difficulties for large investors that track the index and often limit themselves to having just 12% of their portfolio in any one stock. Because whenever the Naspers share price increases, which it should in line with Tencent’s gains, it