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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Current price of oil as of June 12, 2026
TechBlue Origin

Jeff Bezos’ space company axes launch of massive new rocket in final minutes of countdown

By
The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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January 13, 2025, 4:42 AM ET
Close up of Jeff Bezos in a cowboy hat
Bezos aims to challenge Elon Musk in a $630 billion space race.Joe Raedle—Getty Images

Blue Origin called off the debut launch of its massive new rocket early Monday because of technical trouble.

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The 320-foot (98-meter) New Glenn rocket was supposed to blast off before dawn with a prototype satellite from Florida’s Cape Canaveral Space Force Station. But launch controllers had to deal with an unspecified rocket issue in the final minutes of the countdown and ran out of time. Once the countdown clock was halted, they immediately began draining all the fuel from the rocket.

Blue Origin did not immediately set a new launch date, saying the team needed more time to resolve the problem.

The test flight already had been delayed by rough seas that posed a risk to the company’s plan to land the first-stage booster on a floating platform in the Atlantic.

New Glenn is named after the first American to orbit Earth, John Glenn. It is five times taller than Blue Origin’s New Shepard rocket that carries paying customers to the edge of space from Texas.

Amazon’s Jeff Bezos founded the company 25 years ago. He took part in Monday’s countdown from Mission Control, located at the rocket factory just outside the gates of NASA’s Kennedy Space Center about 50 miles (80 kilometers) east of Orlando, Florida.

No matter what happens, Bezos said Sunday evening, “we’re going to pick ourselves up and keep going.”

More on the billionaire space race:

  • Jeff Bezos takes on Elon Musk in $630 billion space race
  • SpaceX and Palantir now have bigger valuations than top aerospace-defense stocks as the military eyes transformation
  • Toyota takes aim at SpaceX with investment in rocket startup
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