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Bezos Sells $1 Billion a Year in Amazon Stock for Space Project

  • CEO says sales are ‘business model’ to fund Blue Origin effort
  • Space company unveils capsule with room for six passengers
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Amazon's Jeff Bezos Is the World's Second-Richest Person

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Internet billionaire and aspiring rocket man Jeff Bezos said he sells $1 billion a year in Amazon.com Inc. stock to fund Blue Origin LLC, the company fueling his dream of sending people into space.

“My business model right now for Blue Origin is I sell about a billion a year of Amazon stock and I use it to fund Blue Origin,” Bezos said Wednesday at the Space Symposium, an annual industry conference in Colorado Springs, Colorado. “So the business model for Blue Origin is very robust.”