Jeff Bezos, the billionaire founder of Amazon and Blue Origin, shows off a mockup of the New Shepard suborbital space capsule during a 2017 conference in Colorado. (GeekWire Photo / Kevin Lisota)
The news of the day is all about Amazon founder Jeff Bezos’ philanthropic efforts, but on the business side of things, an influential financial analyst argues that the world’s richest man is an “emerging force” with the financial muscle to advance the global space industry — and Amazon as well.
In a note to investors, Morgan Stanley analyst Adam Jonas and his colleagues say Bezos’ Blue Origin venture, as well as Amazon, should be included along with Elon Musk’s SpaceX and more than 100 other firms as key participants in a commercial space race.
Jonas writes that investors may want to pay far more attention to Bezos’ space efforts, which the billionaire has said is the “most important work that I’m doing.”
One reason has to do with Bezos’ growing fortune, which is now estimated at roughly $160 billion. Jonas notes that’s “equal to around 16 years’ worth of NASA expenditure on space exploration.” (The calculation is based on the assumption that about half of NASA’s annual $20 ...