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Jeff Bezos prepares to close the gap in his space race with Elon Musk

Economic Times

Economic Times · 8m ago

Jeff Bezos prepares to close the gap in his space race with Elon Musk

Elon Musk and Jeff Bezos, two of the world's wealthiest individuals due to their technology companies, are engaged in a space race. Bezos' company, Blue Origin, is set to launch the New Glenn rocket, while Amazon's Project Kuiper aims to challenge SpaceX's Starlink network for internet access from space. Although Bezos has not yet achieved much commercial success in space, his investments in Blue Origin and Project Kuiper indicate a new chapter in the rivalry between the billionaires. However, SpaceX's dominance in the space industry, with its revolutionary technology and successful launches, gives Musk a significant advantage.

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Jeff Bezos's Blue Origin poised for first orbital launch next week

Economic Times

Economic Times · 7m ago

Jeff Bezos's Blue Origin poised for first orbital launch next week

Jeff Bezos's Blue Origin prepares for its first orbital rocket launch, the New Glenn, scheduled from Cape Canaveral. This marks a significant step into the commercial space race dominated by SpaceX. The launch will carry a Defense Department-funded prototype spacecraft. Blue Origin aims to compete with SpaceX's successful Falcon 9, offering a larger rocket using cleaner fuel. The milestone escalates the competition between Bezos and Elon Musk, potentially driving down launch costs.

Elon Musk loses world’s richest person title to Jeff Bezos

Economic Times

Economic Times · 1y ago

Elon Musk loses world’s richest person title to Jeff Bezos

Elon Musk has lost his position as the world's richest person to Jeff Bezos after Tesla shares tumbled on Monday. Musk's net worth is now $197.7 billion, while Bezos holds a fortune of $200.3 billion. This change marks the first time Bezos has topped Bloomberg's ranking since 2021. The gap between Musk and Bezos has been narrowing as Amazon shares soar while Tesla shares decline. Musk's wealth may further decline after a Delaware judge invalidated his $55 billion pay package at Tesla. Bezos first became the world's richest person in 2017 but had been competing with Musk for the top spot last year.

Bill Gates to Elon Musk — A look at the hobbies of tech billionaires

Livemint

Livemint · 1y ago

Bill Gates to Elon Musk — A look at the hobbies of tech billionaires

Tech billionaires like Bill Gates, Elon Musk, Sundar Pichai, Jeff Bezos, Mark Zuckerberg, and Tim Cook have various hobbies and interests outside of their work. Bill Gates enjoys reading, collecting rare books and cars, playing bridge, and spending time with his family. Elon Musk is an avid gamer, enjoys performing magic tricks, and collects memorabilia. Sundar Pichai supports FC Barcelona, loves cricket, and has a passion for football. Jeff Bezos enjoys aviation, horseback riding, cave exploring, and space visits. Mark Zuckerberg follows mixed martial arts, extreme sports, recreational aviation, and plays the guitar. Tim Cook enjoys rock climbing, cycling, hiking, visiting national parks, and reading. Sam Altman, founder of OpenAI, has a passion for racing cars and flying planes.

Jeff Bezos says he loves the idea of shaking hands and being friends with Elon Musk as they're 'very like-minded'

Business Insider

Business Insider · 1y ago

Jeff Bezos says he loves the idea of shaking hands and being friends with Elon Musk as they're 'very like-minded'

Jeff Bezos expressed his desire to become friends with Elon Musk, stating that they are "very like-minded." This comes after years of rivalry between the billionaire entrepreneurs as they built their aerospace companies. Bezos acknowledged Musk's capabilities as a leader and the impressive results he has achieved with Tesla and SpaceX. Despite their past disagreements, Bezos liked the idea of hanging out with Musk and fostering a friendship that could inspire humanity.

Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again

Business Insider

Business Insider · 1y ago

Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again

Jeff Bezos has sold 12 million shares of Amazon stock, worth $2 billion, in a move that could potentially make him the world's richest man again. This is part of a plan announced by Amazon earlier this year for Bezos to sell off 50 million shares. The surge in Amazon's stock this year has increased Bezos' estimated wealth by $22.6 billion. The sale also narrows the gap between Bezos and Elon Musk's net worth, making it possible for Bezos to overtake Musk and reclaim the title of the world's richest person.

Sam Altman says he could do with more collaboration and less of Elon Musk tweeting a silver medal at Jeff Bezos to flex his wealth

Business Insider

Business Insider · 1y ago

Sam Altman says he could do with more collaboration and less of Elon Musk tweeting a silver medal at Jeff Bezos to flex his wealth

Sam Altman expressed his hope for less taunting and more collaboration among AI leaders, specifically referencing Elon Musk's public mocking of Jeff Bezos after surpassing him as the world's richest person. Altman, co-founder of OpenAI with Musk, highlighted Musk's tendency to not be known for collaboration, citing his tweet of a silver medal aimed at Bezos. Altman's remarks come in the context of the need for collaboration to achieve artificial general intelligence (AGI). However, tensions have been present between Altman and Musk, with Musk filing a lawsuit against OpenAI and Altman in 2020. Neither OpenAI nor Musk have commented on the matter.

Jeff Bezos is just $8 billion away from overtaking Elon Musk to become the world's wealthiest person once more

Business Insider

Business Insider · 1y ago

Jeff Bezos is just $8 billion away from overtaking Elon Musk to become the world's wealthiest person once more

Amazon founder Jeff Bezos is closing in on overtaking Elon Musk as the world's wealthiest person, with just an $8 billion difference between them. Bezos has seen a rise of $20 billion in his estimated wealth, primarily due to a 13% increase in Amazon stock. In contrast, Musk's fortune has dropped by $24 billion, mostly due to a 24% decline in Tesla stock. Bezos is now just 4% behind Musk and could surpass him if Amazon continues to rise or Tesla continues to fall.

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Livemint

Livemint · 9m ago

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Elon Musk accused Jeff Bezos of advising people to sell their Tesla and SpaceX stock, claiming that Donald Trump would lose the US presidential election. Bezos swiftly denied the allegations, calling them "100% not true." Musk is a vocal Trump supporter and has spent over $130 million supporting his re-election campaign. This exchange highlights the tensions between two of the world's richest individuals and the interplay between politics and business in the tech world. Musk recently became the richest person in history with a net worth of $334.3 billion.

Jeff Bezos is once again the world's richest person thanks to the Big Tech rally

Business Insider

Business Insider · 1y ago

Jeff Bezos is once again the world's richest person thanks to the Big Tech rally

Amazon founder Jeff Bezos has reclaimed the title of the world's wealthiest person, with a net worth of $200 billion. This comes as a result of the sustained rally in Big Tech shares, driven by the artificial intelligence boom. Bezos, who owns about 9% of Amazon, saw his net worth rise as the company's stock climbed. He surpassed Tesla CEO Elon Musk, who had been the richest person for the past nine months. Musk and Bernard Arnault, chairman of LVMH, now hold the second and third positions on the Bloomberg Billionaires Index.

OpenAI reminds me of Bezos, Blue Origin: Musk to Altman in 2018

Inshorts · 8m ago

OpenAI reminds me of Bezos, Blue Origin: Musk to Altman in 2018

Elon Musk, in a 2018 email to OpenAI Co-founder Sam Altman, said, "OpenAI reminds me of [Jeff] Bezos and Blue Origin. They're hopelessly behind SpaceX and getting worse, but the ego of Bezos has him insanely thinking that they're not!" OpenAI has published the email amid a lawsuit by Musk that seeks to stop OpenAI from becoming a for-profit company.

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