📺 Stream EntrepreneurTV for Free 📺

Jeff Bezos is Willing to Cover $2 Billion in Fees For NASA Program The newly-minted space explorer is willing to cover $2 billion in fees for NASA's Human Landing System program.

By Entrepreneur Staff Edited by Emily Rella

entrepreneur daily

Joe Raedle | Getty Images

Newly-minted space explorer Jeff Bezos is willing to cover $2 billion in fees for NASA's Human Landing System program.

In an open letter to HLS administrator Bill Nelson last week, the Amazon founder said of his aerospace company, "Blue Origin will bridge the HLS budgetary funding shortfall by waiving all payments in the current and next two government fiscal years up to $2B to get the program back on track right now."

He called out NASA's decision to give Elon Musk's SpaceX a $2.89 billion contract to work on developing the first commercial human lander to bring the next two American astronauts to the moon, saying that "instead of investing in two competing lunar landers as originally intended, the Agency chose to confer a multi-year, multi-billion-dollar head start to SpaceX. That decision broke the mold of NASA's successful commercial space programs by putting an end to meaningful competition for years to come."

Related: Jeff Bezos Isn't Actually an Astronaut, According to the FAA

He encouraged the agency to consider the benefits of having both billionaires' companies compete, pointing out that competition would prevent either one from "having insurmountable leverage over NASA."

The goal of returning Americans to the moon's surface, says the letter, is for them to "stay" this time.

After he shot into space on a Blue Origin rocket last month, Bezos insisted he is not in competition with Richard Branson, who also launched himself a few days prior.

During a sit-down with Gayle King that aired on CBS This Morning after his flight, Bezos flatly denied that he and the Virgin Group founder were competing against one another.

"It's not a competition," he said at the time, noting his belief that there will be many other companies that enter the space race. His Blue Origin and Branson's Virgin Galactic both have plans to start launching ticket-holders into space in the future and Bezos doesn't think they'll be alone in catering to wealthy passengers' interest in a space flight.

His and Musk's interest in the moon as a destination prove that there will be a number of companies looking into space travel.

Related: Jeff Bezos Makes History in Successful Space Flight

Entrepreneur Staff

Entrepreneur Staff

Editor

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Fundraising

If You Want Funding, These Are the Financial Reports VCs Need to See

When you're trying to attract new investors, there are several financial reports and metrics you'll need to have ready before you have a chance at potential funding. As the CEO of a venture capital firm and investment group, here's what you need for the best pitch.

Devices

For 9 Days Only, This Grade-A Refurbished iPad Is Just $155

Get a mobile workstation with 32GB of storage space and a nearly 10" screen.

Business News

Carnival Cruises Officially Installs Elon Musk's Starlink Internet on 100% of its Ships

Starlink is now the official internet for Carnival passengers.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Major U.S. Airlines Are Suing the Government Over 'Capricious' Fee Transparency Law

Southwest Airlines opted not to join the other airlines in the lawsuit.

Life Hacks

How to Train Your Inner Voice to Appreciate Solitude and Silence Negative Thinking

Spending quality time alone is crucial for deep work, but you have to know how to manage your mind. Here's how to do it.