Blue Origin Rocket Grounded
Digest more
Blue Origin's New Glenn rocket launch saw a successful booster reuse but deployed a customer's satellite into the wrong orbit.
Jeff Bezos’ space tech company Blue Origin placed a customer’s satellite in the wrong orbit on Sunday, sending that firm’s stock tumbling Monday. Shares of Nasdaq-listed AST SpaceMobile fell nearly 12% in premarket trading and were down roughly 8% from Friday’s close as of mid-day Monday.
Amazon paid about $1.8 billion last year to Blue Origin, the aerospace company owned by its founder and board chair Jeff Bezos — nearly triple the amount the year before — as shareholders weigh a proposal citing his business interests outside Amazon as potential conflicts of interest.