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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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Jeff Bezos’ Blue Origin grounds New Glenn rocket after a bad engine put a satellite in the wrong orbit

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April 20, 2026, 7:04 PM ET
The Blue Origin New Glenn rocket lifts off from LC36 at the Cape Canaveral Space Force station, Sunday, April 19, 2026.
The Blue Origin New Glenn rocket lifts off from LC36 at the Cape Canaveral Space Force station, Sunday, April 19, 2026.AP Photo/John Raoux
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Jeff Bezos’ rocket company, Blue Origin, blamed a bad engine Monday for a failed weekend launch that left a satellite in the wrong orbit, dooming it.

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Launches of the huge New Glenn rocket are grounded until Blue Origin and the Federal Aviation Administration complete their investigation.

The rocket blasted off from Cape Canaveral Space Force Station on Sunday. The recycled first-stage booster performed well, landing on an ocean barge several minutes into the flight. But the upper stage was unable to put the satellite into a high enough orbit to begin operations.

Preliminary data indicate that one of the upper stage engines failed to produce enough thrust, Blue Origin CEO Dave Limp said.

The satellite was supposed to join AST SpaceMobile’s orbiting network of satellites designed to provide direct space-to-smart phone service.

The rocket’s upper stage and satellite reentered the atmosphere Monday, according to the U.S. Space Force. No additional detail was available.

It was only the third flight for New Glenn, Blue Origin’s hulking rocket for delivering spacecraft to orbit. NASA is counting on New Glenn to launch Blue Moon lunar landers for the Artemis moon program. SpaceX’s Starship is also in the running to land astronauts on the moon as early as 2028.

Towering more than 320 feet (98 meters), the rocket is named for John Glenn, the first American to orbit Earth in 1962.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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