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Jeff Bezos is selling Amazon shares. We’ll find out why

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Jeff Bezos is selling Amazon shares. We’ll find out why
April 06
07:00 2017

In the business world Mr. Bezos is known as the founding father of the Amazon Internet portal. It turned out that he is selling out his own shares totalling about $ 1 billion a year. However, investors should not be afraid of quotations fall. This measure is caused by the fact that Jeff Bezos intends to personally finance the space program. Blue Origin, the company that belongs to Bezos, is responsible for the implementation of his extraterrestrial ambitions. In the near future, it is going to be transferred from the aerospace sphere to the sphere of commercial space tourism. The New York Times reports that according to experts, the company will take 3 years and spend 2.5 billion dollars in order to develop a launch vehicle, capable to transfer tourists and satellites into orbit.

Jeff Bezos is very cautious in assessing the timing of the implementation of such ambitious plans. The test flight time of the New Shepard vehicle is carefully hidden. It became known that despite the diligent avoidance of the deadlines topic, the founding father of Blue Origin plans to land the first tourists into orbit next year.

The price of such a flight is not specified. Against the backdrop of the potential space program, shares of Amazon show steady growth; today they are being traded at $ 913 per security.

 

The material was prepared with the participation of  Vladimir Haritonov,
a leading analyst of the brokerage company VOSPARI.

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