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 2:12 PM

(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 >
Penguin Solutions Insider Sold Shares Worth $1,575,600, According to a Recent SEC Filing
Penguin Solutions Insider Sold Shares Worth $1,575,600, According to a Recent SEC Filing
Jul 22, 2025
04:41 PM EDT, 07/22/2025 (MT Newswires) -- Jack A Pacheco, EVP, COO, President, Integrated Memory, on July 20 and July 21, sold 63,447 shares in Penguin Solutions ( PENG ) for $1,575,600. Following the Form 4 filing with the SEC, Pacheco has control over a total of 227,231 shares of the company, with 227,231 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1616533/000161653325000042/xslF345X05/wk-form4_1753216064.xml...
Vicor Q2 Swings to Profit as Revenue Rises; Shares Jump After Hours
Vicor Q2 Swings to Profit as Revenue Rises; Shares Jump After Hours
Jul 22, 2025
04:42 PM EDT, 07/22/2025 (MT Newswires) -- Vicor ( VICR ) reported Q2 net income late Tuesday of $0.91 per diluted share, swinging from the loss of $0.03 a year earlier. Three analysts polled by FactSet expected earnings of $0.17. Revenue in the quarter ended June 30 rose to $141 million from $85.9 million a year earlier. Three analysts expected...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Bar Harbor Bankshares Q2 core earnings rises
Bar Harbor Bankshares Q2 core earnings rises
Jul 22, 2025
Overview * Bar Harbor Q2 GAAP net income falls to $6.1 mln, missing analyst expectations, per LSEG data * Core earnings (Non-GAAP) rise to $10.8 mln or $0.70 per diluted share * Co receives regulatory approvals for Guaranty Bancorp acquisition Outlook * Company sees strategic growth from Guaranty Bancorp acquisition * Bar Harbor Bankshares ( BHB ) to optimize balance...
Copyright 2023-2026 - www.financetom.com All Rights Reserved