![]() Last February he sold nearly $4.1 billion of shares and more than $3 billion worth last November. Labor leaders have accused the company of engaged in repeated illegal conduct that prevented a “free and fair” union election at one of its Alabama warehouses this Spring.īezos, who is worth about $204 billion, sold about $6.7 billion worth of his Amazon shares in early May, after the company reported that it tripled profit in its first quarter. They complained of unsafe and injury-inducing speed requirements, and said constant monitoring led to an environment filled with fear and suspicion. Factory workers, who had a pre-pandemic turnover rate of 150% per year, have said they were forced to use bottles instead of taking bathroom breaks. The median Amazon worker made $29,007 in 2020, with a CEO-to-worker pay ratio of 58:1. Amazon delivery drivers have complained of grueling conditions that led them to ignore stop signs and skip meals to get packages delivered. “And Amazon customers are paying for it with Amazon abusing their market power to hurt small business.” “Yes, Amazon workers did pay for this – with lower wages, union busting, a frenzied and inhumane workplace, and delivery drivers not having health insurance during a pandemic,” Representative Alexandria Ocasio-Cortez said of Bezos’ comments on Twitter. Reuters reported in 2018 that Blue Origin was planning to charge passengers at least $200,000 for the ride, based on a market study and other considerations, though its thinking may have changed.Critics of Bezos immediately jumped on the comments. UBS says that long-haul travel market could be worth more than $20 billion, though several barriers such as air-safety certification could derail the plans.īlue Origin has not divulged its pricing strategy for future trips. The race is fuelled by optimism that space travel will become mainstream as nascent technology is proven and costs fall, driving what UBS estimates could be a $3 billion annual tourism market by 2030.īlue Origin and Virgin Galactic, as well as Musk's SpaceX, have also discussed using their rockets to link far-flung global cities. However, Branson, who founded Virgin Galactic Holdings, may attempt to steal Bezos' thunder by joining a possible test flight to the edge of space over the 4 July weekend aboard Virgin's VSS Unity spaceplane, one person familiar with the matter said. It changes your relationship with this planet, with humanity," Bezos said in a video before the final bidding took place, adding that his brother, Mark, will join him on the trip. "To see the earth from space, changes you. The 20 July launch of Blue Origin's New Shepard booster from West Texas would be a landmark moment as US firms strive toward a new era of private commercial space travel.īlue Origin's founder and Amazon executive Bezos, the world's wealthiest man and a lifelong space enthusiast, has been racing against fellow aspiring billionaire aeronauts Richard Branson and Elon Musk to be the first of the three to travel beyond Earth's atmosphere. The identity of the winner - presumably an ultra-wealthy space aficionado - was not immediately disclosed. The bidding closed seven minutes after the auction began. Within four minutes of the open of Saturday's live phone auction, bids reached beyond $US20 million. Jeff Bezos will send humans into space for the first time on July 20, for a journey of a few minutes in zero gravity aboard his New Shepard rocket.
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