Jeff Bezos’ Blue Origin Delays Debut Mission Of New Glenn Rocket
Blue Origin LLC delayed the inaugural launch of its new flagship rocket on Monday to deal with an unspecified issue with the vehicle.
The Jeff Bezos-backed firm, which is trying to mount a challenge to Elon Musk's industry-leading SpaceX, repeatedly delayed its targeted lift off time during a three-hour launch window in Cape Canaveral, Florida. The company didn't give any details on when it would next try to fly the New Glenn rocket.
“We're standing down on today's launch attempt to troubleshoot a vehicle subsystem issue that will take us beyond our launch window,” Blue Origin said in a statement. “We're reviewing opportunities for our next launch attempt.
A successful mission would at last put the company in an elite circle of US ventures that can send satellites to orbit, as well as put Blue Origin on a path toward challenging SpaceX's dominance.
Bezos told Bloomberg News on the eve of the attempt — his 61st birthday — that the space industry has room for “multiple winners.”
“There is going to be new uses for space that's going to drive demand for large capacity up,” Bezos said.
“SpaceX is going to be very successful. They're going to continue to be very successful. Blue Origin is going to be successful. And there's some company that hasn't even been founded yet, hasn't even been thought of yet — they're going to be successful, too.”
Bezos formally announced plans for New Glenn in 2016, though the rocket had been in development before that, with a goal of flying it before the end of the decade.
But Blue Origin has grappled with a sluggish corporate culture and numerous hurdles and delays – particularly with the development of the vehicle's main BE-4 engines, built in-house. The engines were finished years behind schedule but have since successfully powered the United Launch Alliance's Vulcan rocket.
New Glenn is set to play a pivotal role in Blue Origin's biggest space ambitions, including launching satellites for commercial customers, NASA, and the Defense Department.
Blue Origin aims to launch six to eight New Glenn flights in 2025, Chief Executive Officer Dave Limp told Bloomberg.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.