Jeff Bezos blasts into space on Blue Origin rocket


Arthur Scott-Geddes
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Jeff Bezos blasted into space aboard a Blue Origin rocket on Tuesday, in a historic flight for the space tourism industry he helped to create.

The billionaire Amazon founder and his brother were on board the first human flight of the company’s New Shepard rocket — the first flight into space to take place without a pilot or crew.

Mr Bezos, dressed in a blue flight suit and cowboy hat, waved to a cheering crowd at the company's west Texas launch facility before boarding the rocket.

The gleaming white rocket took off shortly after 1pm GMT, reaching a speed of more than three times the speed of sound as it climbed to an altitude of more than 107 kilometres.

After it separated from the main booster, which landed autonomously back at the launch pad, the four crew members experienced several minutes of weightlessness before the capsule touched down gently under parachutes.

"That was incredible," Mr Bezos said as the crew members discussed the flight after landing.

Video footage showed the billionaire with a beaming smile, waving to the support crew from the window of the capsule.

Mr Bezos may have been beaten into space by fellow billionaire Richard Branson, who flew to the edge of space on board his own rocket plane earlier this month, but Blue Origin still managed to make history on Tuesday’s flight.

Also on board was Dutch student Oliver Daemen, 18, who became the youngest person ever to fly to space after being picked for the last remaining seat.

Mr Daemen received the lucky slot after the winner of a $28 million auction stepped aside because of a scheduling conflict.

The son of a hedge fund manager, Mr Daemen was Blue Origin’s first paying customer.

Blue Origin did not disclose the price of his ticket, but company chief executive Bob Smith said: “This marks the beginning of commercial operations for New Shepard, and Oliver represents a new generation of people who will help us build a road to space.”

Blue Origin also helped aviation pioneer Wally Funk, 82, become the oldest person to go to space.

Oliver Daemen and Wally Funk. Courtesy Oliver Daemen; AFP Photo
Oliver Daemen and Wally Funk. Courtesy Oliver Daemen; AFP Photo

Ms Funk, who was part of a trailblazing, privately-backed effort to put a woman in space in the 1960s but never got to go, had been personally asked to join the flight by Mr Bezos.

"Today is just the first of many flights to come on New Shepard," Blue Origin's sales director Ariane Cornell said on the live-stream, adding that ticket sales were now open.

Mr Bezos, who founded Blue Origin in 2000, years before his fellow billionaires Elon Musk and Mr Branson founded their rival space companies, has long dreamt of going to space.

The launch is the culmination of more than two decades of rocket science, much of which was done in secret.

The New Shepard rocket is designed to take its passengers on an 11-minute, suborbital flight past the Karman line – an internationally recognised boundary for space that is 100 kilometres above the Earth.

Unlike Virgin Galactic’s space plane, which was dropped from a larger carrier aircraft before igniting its rocket engine and climbing to the edge of space, Blue Origin’s rocket takes off from a launch pad like a conventional rocket launch.

Mr Bezos and Blue Origin believe that its space tourism experience is better than the ones offered by its competitors.

  • Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, smiles while speaking at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, smiles while speaking at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • Attendees sit inside the high fidelity crew capsule mock up of the Blue Origin LLC New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Attendees sit inside the high fidelity crew capsule mock up of the Blue Origin LLC New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, sits inside the high fidelity crew capsule mock up of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, sits inside the high fidelity crew capsule mock up of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • The interior the high fidelity crew capsule mock up of the Blue Origin LLC New Shepard system sits on display during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    The interior the high fidelity crew capsule mock up of the Blue Origin LLC New Shepard system sits on display during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • Attendees sit inside the high fidelity crew capsule mock up of the Blue Origin LLC New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Attendees sit inside the high fidelity crew capsule mock up of the Blue Origin LLC New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
  • Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg
    Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S. Bloomberg

The company was criticised after it published a cynical Twitter post comparing the two rockets in the build-up to Mr Branson’s flight.

Proving the safety of space tourism is a vital early step on the way to creating an industry that Swiss investment bank UBS estimates will be worth $3 billion a year by 2030.

"One of the main goals of the New Shepard mission is to demonstrate that going to suborbital space is perfectly safe for the average person," said Teal Group space industry analyst Marco Caceres.

Mr Musk's SpaceX is planning an even more ambitious mission in September, using its Crew Dragon capsule to send an all-civilian crew on an orbital flight around the Earth in a mission lasting several days.

Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

F1 drivers' standings

1. Lewis Hamilton, Mercedes 281

2. Sebastian Vettel, Ferrari 247

3. Valtteri Bottas, Mercedes 222

4. Daniel Ricciardo, Red Bull 177

5. Kimi Raikkonen, Ferrari 138

6. Max Verstappen, Red Bull 93

7. Sergio Perez, Force India 86

8. Esteban Ocon, Force India 56

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

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%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
MATCH INFO

Uefa Champions League quarter-final, second leg (first-leg score):

Manchester City (0) v Tottenham Hotspur (1), Wednesday, 11pm UAE

Match is on BeIN Sports

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: July 20, 2021, 5:40 PM