Billions in pandemic-fueled dollars enabled Blue Origin's suborbital trip on Tuesday, the spaceflight company's founder Jeff Bezos acknowledged at a press conference.
Tech billionaires are jockeying over their jaunts into space — but who's really paying for their trips?
Bezos' personal fortune, which he uses to bankroll Blue Origin, grew by $86 billion during the pandemic, making him the first person in modern history worth more than $200 billion, according to. Shares in Amazon and other companies that enabled "at-home" life and work during the lockdown — like Slack, Zoom and Peloton — boomed as remote work took off and home delivery of food and consumer goods shot up, propelling the fortunes of company founders and executives.
“Space tourism will always be a niche business, in my view,” Phil Smith, a space industry analyst for BryceTech space industry research and consultancy firm, told NBC News via email.Space tourism could bring in about a billion dollars in revenue in total over 10 years, based on current demand and research budgets, Smith estimated.
As with many things in tech, what may be really at stake is the data, and lucrative government contracts and commercial applications. The flights are essentially high-profile announcements that these companies are in the rocket business — and every flight provides data for the next flight.
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