• US stock market daily report (September 15, 2015, Tuesday)

    Building a rocket manufacturing plant and launch site in Florida is next on the list for Amazon.com Inc. (AMZN - Nasdaq) founder Jeff Bezos.

    Bezos unveiled his plans on Tuesday, in an attempt to better compete with fellow billionaires using their fortunes and tech prowess to open a new frontier in human space travel and exploration. "I'm a huge believer that this is a viable and good business. I'm also kind of well known for being long-term oriented, although I think Blue Origin is going to set a new standard for me in that regard," Bezos said.

    Blue Origin, a rocket-making facility which will be located adjacent to NASA’s Kennedy Space Center, is the space startup of Bezos’ which will require an investment of over $200 million. A refurbished launch pad at Cape Canaveral Air Force Station, located just south of NASA's seaside spaceport will be blast off location for his space vehicles. One of the goals for Blue Origin is to fly tourists into suborbital and ultimately orbital space. Blue Origin will also test its new BE-4 engines in Florida. Bezos said the new rocket for Blue Origin should debut before the end of the decade.

    While he declined to say how much he had invested in Blue Origin to date, Bezos did say it was "significant with much more to come."

    On the engine development, Blue Origin will be partnering with United Launch Alliance (ULA), a joint-venture of Lockheed Martin and Boeing however, Bezos later told reporters he is not sure whether the engine would fly first on ULA’s Vulcan rocket or Blue’s booster.

    Bezos told an invitation-only crowd gathered at the company's launch site, “As a kid, I was inspired by the giant Saturn 5 (Apollo moon) missions that roared to life from these shores. Today, we’re thrilled to be coming to the Sunshine State for a new era of exploration.”

    “Our approach on this is very simple, which is heads down, focus on the technology,” Bezos said.

    In an attempt to lower the cost of space travel and improve safety, Bezos' announcement comes at a pivotal time in the U.S. space industry which is luring private investment and technological innovation.

    Bezos said, “For sure, this is an industry where people are competitive, but I think it’s also an industry where there is a lot of heart and people doing this for reasons of passion.” He added, “If my only goal were to make money, I’d would just open a new kind of snack food company. It’s way more likely to work but, I don’t want to do that.”

    The New Shepard is a small rocket Blue Origin has been developing and testing in West Texas. The rocket can travel about 62 miles/100 km above Earth before returning to the planet. The company’s new, yet unnamed rockets, will be able to reach orbital altitudes such as the 249 miles/400 km mile-high perch of the International Space Station and beyond.

    Contributed by Millennium Traders
About us
StockMarketsReview.com provides news coverage, analysis and researches for world stock markets, commodities and currencies. We publish articles provided by experts of leading brokerage and investment companies. At our website investors can find daily, weekly and monthly reports, news, recommendations on the IPOs and fundamental analysis for stocks which are currently traded at the stock exchange.