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Jeff Bezos’ Blue Origin delays New Glenn debut to late 2022
Losing out on a lucrative Pentagon contract hit the company hard, an executive said
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Blue Origin
Blue Origin is delaying the debut launch of its massive, centerpiece rocket New Glenn to late 2022, the company announced Thursday, citing a key Pentagon contract it lost out on to rival firms SpaceX and United Launch Alliance as the reason for the delay.
New Glenn is a massive, partially reusable heavy-lift rocket designed to launch anything from national security payloads and commercial satellites. Its first flight was previously slated for sometime in 2021.
Jeff Bezos announced last week that he is stepping down as Amazon s CEO. He built Amazon from scratch. He also built Blue Origin – a pathbreaking spacecraft company – on the side. In the process, Bezos became the richest person of all time.
How did he do it?
The key to Bezos’s success is an unyielding commitment to three principles. First among them: think long term. Bezos focuses on big, long-term goals and ignores the short-term trivialities that distract others.
As Bezos put it in 1997: “We believe that a fundamental measure of our success will be the shareholder value we create over the long term.” Since then, Amazon’s market capitalization has grown by over $1.6 trillion.