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Tesla Motors Inc and Amazon.com, Inc.’s CEO Both Have Ambitions for Space Business

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It is a well-kept secret and not much is known of Blue Origin’s space ambitions apart from the fact that it is backed billionaire investor Jeff Bezos who is also the founder of Amazon.com, Inc. (NASDAQ: AMZN). In contrast, a lot has been said about SpaceX explorations both on the success front and the failures that have hit the space company in the attempt of taking people to space affordtesla motors home batteryably.

Backed by Tesla Motors Inc (NASDAQ: TSLA) CEO Elon Musk, SpaceX has never shied away from the public. Sharing both missteps and achievements made, all in the attempt of making the space trip affordable for many people.

Billionaires head for space

Both space ventures are directed by billionaires and charismatic entrepreneurs in their fields of specialization but at the same time, worlds apart in terms of their corporate strategies. Backed by Amazon.com, Blue Origin has been successful in remaining under the radar in West Texas. A remote location that is well manned with employees not allowed to say anything about the project having reportedly signed confidential agreements.

On the other hand, 600 miles from Blue Origin base sits SpaceX backed by Tesla Motors Inc  CEO that has been the talk of the town having become a public phenomenon. Musk has never shied from the public, always on hand to share the slightest of information about his space explorations via his Twitter handle. Unlike Bezos, who has kept his space ambitions under wraps.

They operate under different playbooks, but both companies share one ambition, of one day being able to send people to Mars. SpaceX is currently contracted by NASA to resupply the international space station an indication of how successful it has been to be relied upon for such an important undertaking.

SpaceX winning space race

Thanks to a $2 billion federal contract, SpaceX has remained in the limelight as it tries to develop reusable booster rockets that it believes will make space trips less expensive in the future. SpaceX already enjoys more than $15 million state incentives, unlike Blue Origin that remains a private endeavor only known to select few.

The only thing known about Blue Origin is the development of a new hydrogen rocket engine. That has completed hundreds of test and ready for suborbital missions, information confirmed by the Amazon.com, Inc. (NASDAQ:AMZN) chief. The purchase of seven ranches totaling 1900 square miles is just an indication of Bezos space dream and ambitions that remain a well-kept secret.

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Viraj loves to write and express his views on anything related to Finance, Crypto, or Fintech. He has been covering Finance & Crypto for more than five years now. He likes Tesla. He also writes on Healthcare, and Technology among other stuff.