Jeff Bezos is selling nearly $1 billion worth of Amazon stock.
Bezos, who founded Amazon, isn’t doing this because he’s short on cash (he’s worth more than $80 billion)…or bearish on Amazon’s share price.
He’s doing this to fund his aerospace company, Blue Origin. As if that weren’t crazy enough, Bezos plans to put about $1 billion of his money into Blue Origin every year until the company can sustain itself.
Bezos isn’t the only billionaire who’s set their sights on space, either. Tesla founder Elon Musk has his own aerospace company called SpaceX.
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