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Jeff Bezos sells $1 bn of stock for space dream

Amazon CEO is selling the retail giant's stock every year to finance his Blue Origin rocket company

Jeff Bezos
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Jeff Bezos

Nicholas St Fleur
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.

Bezos, the billionaire founder of Amazon, showed off the reusable rocket booster and the mock-up of the capsule that will take people up for panoramic views back down at earth, during a symposium.

Bezos, who hopes to build Blue Origin into a commercial and tourist venture, also disclosed that it would cost about $2.5 billion to develop an