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- Amazon.com, Inc (NASDAQ:AMZN) founder, Jeff Bezos' Blue Origin, held a live auction on Saturday for a seat on its first spaceflight trip next month.
- The live auction began at 1 p.m. EDT and lasted a few minutes. The bidding began at $4.8 million. The winning bid was that of $28 million. The name of the winner is expected to be disclosed in the coming weeks.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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- The auction kicked off on May 5 with sealed bids and continued till June 10.
- According to Blue Origin, it got entries from more than 6,000 people from 143 countries.
- The winner will then get one of the six seats on Blue Origin's first flight, which is currently set for July 20, and fly on the spacecraft with Jeff Bezos and his brother for 11 minutes. It isn't clear if the other three seats will be occupied.
- The trip in the 60-foot-tall suborbital rocket will take the crew 62 miles (100 kilometers) above the Earth's surface.
- The Blue Origin launch is set for Launch Site One in Texas.
- Bezos's space exploration company competes with Richard Branson's Virgin Galactic Holdings Inc (NYSE:SPCE) and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk's SpaceX.
- The money raised from this auction will go towards Blue Origin's foundation, which the company says will contribute towards the development of life in space and inspire future generations to pursue careers in science.
Photo courtesy of Blue Origin.