Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description: COLORADO SPRINGS — Standing against the backdrop of his New Shepard rocket booster and a full-scale mock capsule for carrying humans into space, Jeff Bezos revealed on Wednesday that he was selling about $1 billion in Amazon stock a year to finance his Blue Origin rocket company.

Source: NYTimes.com

Date: April 5, 2017

Link: https://www.nytimes.com/2017/04/05/science/blue-origin-rocket-jeff-bezos-amazon-stock.html?ref=business

Questions for discussion:

  • What do you think of the potential success for this business?
  • Why do you think Bezos is planning to finance development by selling Amazon stock instead of other traditional methods?

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