BLUE MOON AND BEZOS: Yesterday's News

Never say never

1  It's not over until it is 

Blue Origin suffers grave setback as judge dismisses lawsuit against NASA

Blue Origin’s Moon landing dreams derailed in one-page ruling.

Tim De Chant - 11/4/2021, 12:00 PM

For Blue Origin, the honeymoon is over.

This summer, the company filed a lawsuit against NASA, claiming that the agency ignored its own requirements when it awarded the contract for the Human Landing System, intended to take astronauts to the Moon, to SpaceX. Today, the Court of Federal Claims dismissed the case in a one-page ruling, ending a tumultuous chapter in the relationship between the Jeff Bezos-backed space launch startup and the federal government.

The ruling was brief, simply granting the federal government’s motion to dismiss without going into detail. Judge Richard A. Hertling is giving Blue Origin and the government until November 18 to redact the full opinion before it’s released to the public. . ."

 

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Nov 4, 2021,12:37pm EDT

Jeff Bezos Just Sold $2 Billion Worth Of Amazon Stock

By

Kerry A. Dolan San Francisco-based Assistant Managing Editor with a focus on the world's richest people. 

"Earlier this week, while Bezos was in Glasgow at the COP26 climate summit, he sold more than $2 billion worth of Amazon shares. The sale came as Bezos, the world’s second richest person, promised in a speech at the summit that he will spend $2 billion from his Earth Fund on restoring nature and transforming food systems. 

“We must conserve what we still have, we must restore what we’ve lost, and we must grow what we need to live without degrading the planet for future generations to come,” Bezos said during his talk in Glasgow.

The sale, after accounting for capital gains taxes Bezos likely owes, barely changes his net worth. As of midday Thursday, Bezos is worth $199.4 billion, Forbes estimates. He trails the number one richest, Elon Musk (worth an estimated $317 billion), by about $118 billion. 

Bezos has sold more than $8.8 billion worth of Amazon stock this year. Since taking Amazon public in 1998, the founder of the e-commerce giant has sold some $29 billion worth of Amazon shares, Forbes calculates; his stake in the company has gone from 42% in 1997 to just under 10% currently. Last year he unloaded $10 billion worth of his Amazon stake.

In July, Bezos gave up the role of Amazon CEO but has stayed on as the company’s chairman. Since then he’s shifted his focus to his rocket company, Blue Origin, and has made several announcements about philanthropic gifts. In September he announced a $1 billion pledge toward conservation efforts."

Source: https://www.forbes.com/sites/kerryadolan/2021/11/04/jeff-bezos-just-sold-2-billion-worth-of-amazon-stock/