financetom
Business
financetom
/
Business
/
Bezos' Blue Origin gets FAA license for its first New Glenn rocket launch
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bezos' Blue Origin gets FAA license for its first New Glenn rocket launch
Dec 27, 2024 1:52 PM

Dec 27 (Reuters) - The Federal Aviation Administration said on Friday that it has issued

a commercial space launch license for Blue Origin's - Jeff Bezos' rocket company - New Glenn

launch.

Blue Origin entered into a highly competitive area it has long sought to join, as the U.S.

Department of Defense picked the company, along with Elon Musk's SpaceX and Boeing-Lockheed

joint venture United Launch Alliance, to compete for national security space missions.

The Pentagon had made initial selections under a $5.6 billion program in June.

The five-year license allows Blue Origin to conduct orbital missions from the Cape Canaveral

Space Force Station in Florida with the reusable New Glenn first stage landing on a barge in the

Atlantic Ocean, the FAA said in a statement.

The New Glenn debut will be a certification mission required by the U.S. Space Force before

the company can begin launching national security satellites.

The debut mission was previously meant to launch a pair of NASA spacecraft to Mars before

late October, but New Glenn had not completed its development by then, prompting NASA to move

the spacecraft off the rocket.

Instead, New Glenn will launch technology related to its Blue Ring program, a line of

business that will offer maneuverable spacecraft to the Pentagon.

SpaceX has dominated the launch industry with its partially reusable Falcon 9 rocket and is

in the process of testing its next-generation rocket, Starship, which is designed to be fully

reusable.

During a flight test in October, Starship's towering first-stage booster was able to return

from the edge of space to its Texas launch pad for the first time.

Blue Origin, on the other hand, has struggled to bring its giant New Glenn rocket to market.

In December last year, it tapped Amazon veteran Dave Limp to expedite development of its New

Glenn rocket.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--ARM Holdings Guides For Q3 EPS of $0.32-$0.36 on Revenue of $920-$970 Million, vs CIQ Analyst Consensus of $0.34/Share on Revenue of $950 Million
--ARM Holdings Guides For Q3 EPS of $0.32-$0.36 on Revenue of $920-$970 Million, vs CIQ Analyst Consensus of $0.34/Share on Revenue of $950 Million
Nov 9, 2024
04:12 PM EST, 11/06/2024 (MT Newswires) -- Price: 138.00, Change: -6.68, Percent Change: -4.62 ...
MercadoLibre misses third-quarter profit expectations on logistics, credit costs
MercadoLibre misses third-quarter profit expectations on logistics, credit costs
Nov 9, 2024
SAO PAULO (Reuters) - Latin American e-commerce giant MercadoLibre ( MELI ) on Wednesday posted a near 11% increase in its third-quarter net profit, missing market estimates as logistics and credit costs offfset revenue growth. MercadoLibre ( MELI ) posted a net income of $397 million for the quarter ended in September, while analysts polled by LSEG were expecting a...
Elf Beauty lifts annual forecasts on resilient cosmetics demand
Elf Beauty lifts annual forecasts on resilient cosmetics demand
Nov 9, 2024
By Anuja Bharat Mistry (Reuters) - Elf Beauty ( ELF ) raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid blush at affordable price points in the U.S. and abroad. Customers, who have been hunting for lower-priced makeup and skincare products, have helped in boosting Elf's...
Bumble beats estimates for third-quarter revenue
Bumble beats estimates for third-quarter revenue
Nov 9, 2024
(Reuters) - Dating app operator Bumble beat expectations for third-quarter revenue on Wednesday, helped by growth in paid subscriptions, sending its shares up 9% in extended trading. Revenue for the third quarter was $273.6 million, compared with analysts' average estimate of $271.9 million, according to data compiled by LSEG. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved