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Jeff Bezos

Jeff Bezos’ rocket company plans to charge at least $200,000 for space rides

SEATTLE: Jeff Bezos’ rocket company plans to charge passengers about $200,000 to $300,000 for its first trips into space next year, told two people familiar with its plans. Potential customers and the aerospace industry have been eager to learn the cost of a ticket on Blue Origin’s New Shepard space vehicle, to find out if it is affordable and whether the company can generate enough demand to make a profit on space tourism. Executives at the company, started by Amazon.com Inc founder Bezos in 2000, told a business…

Amazon opens plant-filled “The Spheres” buildings

SAN FRANCISCO: Internet giant Amazon on Monday opened its plant-packed "The Spheres" buildings in its home city of Seattle. The Spheres are the newest addition to Amazon's "urban campus" in Seattle, and are billed as a workplace "more like a tropical rainforest in the clouds than an office." The structures, which look like giant glass and steel balls, house more than 40,000 plants and include features such as treehouse meeting rooms, a river and waterfalls. "Our goal with The Spheres was to create a unique gathering…

Amazon’s Jeff Bezos becomes world’s richest person

NEW YORK: Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated. The magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates. Bezos owns around 17 percent of the equity of Amazon, which has been expanding from its original mission as an online retailer to a diversified tech firm in cloud…

Under Trump, the Moon regains interest as possible destination

WASHINGTON: Dismissed by former US president Barack Obama as a place explorers had already seen, the Moon has once again gained interest as a potential destination under Donald Trump's presidency. Private sector companies in particular are energized by the prospect of future space exploration missions beyond low-Earth orbit, where the International Space Station circles the Earth. Even though Trump himself has said little about the subject, his close circle and some former NASA officials have made clear their interest…

‘Eight men own half the world’s wealth’

LONDON: Eight men own the same wealth as half the world's population, a level of inequality which "threatens to pull our societies apart", Oxfam said on Monday ahead of the World Economic Forum opening in Davos. The wealth of the world's poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico. Picked from Forbes' billionaires list, they include Microsoft founder Bill Gates, Mark Zuckerberg who co-founded Facebook, and Jeff Bezos, founder…

Amazon doubles deliveries in 2016 for third-party sellers

Amazon.com shipped 50 percent more items this holiday season than last for third-party vendors and doubled the amount for 2016 overall, the retail giant said on Wednesday. The news offers new data points for investors who are hoping Amazon will post a profit for the fourth quarter when it announces results in the coming weeks. Seattle-based Amazon, known for its roller coaster results in years past, has forecast that operating income would range from nothing to $1.25 billion. Amazon, the world's largest online…