Monday, September 22, 2025
No Result
View All Result
patriotfinancial.net
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance
No Result
View All Result
patriotfinancial.net
No Result
View All Result

Jeff Bezos’ Blue Origin spaceflight company gets a veteran Amazon executive as a new CEO amid setbacks and delays

September 26, 2023
in Financial
Reading Time: 2 mins read
0 0
A A
0
Home Financial
Share on FacebookShare on Twitter

[ad_1]

Blue Origin, the intently held spaceflight firm based by Jeff Bezos, is changing its chief govt officer with veteran Amazon.com govt Dave Limp. 

Present CEO Bob Smith is stepping down and might be succeeded by Limp, the corporate stated Monday. Smith will hand over the reins as of Dec. 4, in response to two emails despatched to staff and seen by Bloomberg Information. 

Limp has been one in every of Amazon’s highest profile leaders as head of its gadgets and companies enterprise, which builds the Alexa voice assistant, Echo good audio system, Kindle e-readers, and Hearth-branded streaming sticks and tablets, amongst different devices. 

He informed Amazon staff final month he’d be retiring from the Seattle firm earlier than the top of the 12 months.

The gadgets group had duty for the corporate’s burgeoning Web-from-space satellite tv for pc enterprise, known as Venture Kuiper. In recent times, the enterprise has been beneath stress because it struggled to show Alexa’s widespread recognition right into a revenue engine for Amazon.

“Dave will take part December, and Bob might be right here by way of January 2 to make sure a clean transition,” the corporate stated in a press release. 

Six years after taking the highest job, Blue Origin’s headcount has grown to greater than 10,000 staff, because it opened a flurry of latest workplaces and amassed a backlog the corporate has stated is value $10 billion. 

However Smith, a former Honeywell Worldwide Inc. govt, additionally has confronted criticism as Blue Origin has grappled with setbacks and growth hurdles throughout its portfolio of area merchandise. 

Essentially the most notable stumble occurred in 2021, when Blue Origin misplaced out to Elon Musk’s SpaceX for a contract to construct NASA’s human lunar touchdown system. Blue Origin protested the choice and likewise sued NASA in federal courtroom and misplaced.

Finally, Blue Origin received a follow-on $3.4 billion contract, changing into a key piece of NASA’s efforts to hold astronauts to the moon’s floor.

Additionally in 2021, a gaggle of former and lively staff penned an open letter accusing Blue Origin of making a poisonous work surroundings and sexist work tradition.

Its suborbital New Shepard spacecraft has been grounded for a 12 months because it skilled a failure of its engine mid-flight, whereas rival Virgin Galactic has pulled forward with its third business flight. Blue Origin stated the mishap was attributable to thermo-structural failure of the engine nozzle and it’s making upgrades.

Blue Origin’s future orbital rocket, New Glenn, has skilled quite a few delays for its inaugural launch.

[ad_2]

Source link

Tags: AmazonBezosBlueCEOCompanydelaysexecutiveJefforiginsetbacksspaceflightveteran
Previous Post

Private Debt Funds are Attractive Right Now—But You Must Ask These Questions First

Next Post

Cisco’s $28 Bln Spelunking Yields Dicey Deal

Related Posts

March CPI higher than expected, housing prices rise
Financial

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
Financial

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25
Financial

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025
UniCredit gains German cartel office nod for Commerzbank stake hike
Financial

UniCredit gains German cartel office nod for Commerzbank stake hike

April 15, 2025
Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%
Financial

Dolly Khanna adds over 5 lakh shares in this smallcap stock, raises stake to 2.18%

April 15, 2025
Japan’s population falls by half million as birth rate stays low
Financial

Japan’s population falls by half million as birth rate stays low

April 15, 2025
Next Post
Cisco’s  Bln Spelunking Yields Dicey Deal

Cisco’s $28 Bln Spelunking Yields Dicey Deal

Can Zerodha Increase maximum 100k quantity limit per order for low price stocks?

Can Zerodha Increase maximum 100k quantity limit per order for low price stocks?

Australia’s Byron Bay limits Airbnb-like rentals amid housing crisis By Reuters

Australia's Byron Bay limits Airbnb-like rentals amid housing crisis By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical

August 13, 2024
All 103 Baker Brothers Portfolio Stocks | Current 2023 Holdings

All 103 Baker Brothers Portfolio Stocks | Current 2023 Holdings

August 26, 2023
Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

Value at Risk (VaR) Calculation: Formulas, Portfolio Tools, and Methods in Python and Excel

February 9, 2025
How Seattle’s economy is managing in this uncertain season

How Seattle’s economy is managing in this uncertain season

May 24, 2024
Renting vs. Buying a Home: 55 Pros and Cons

Renting vs. Buying a Home: 55 Pros and Cons

March 5, 2025
M S Swaminathan, scientist who made India self-sufficient in food dies

M S Swaminathan, scientist who made India self-sufficient in food dies

September 28, 2023
FHFA rolls out mortgage fraud tip line

FHFA rolls out mortgage fraud tip line

April 15, 2025
March CPI higher than expected, housing prices rise

March CPI higher than expected, housing prices rise

April 15, 2025
Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push

April 15, 2025
Just Listed | 5150 N Ocean Drive #1201

Just Listed | 5150 N Ocean Drive #1201

April 15, 2025
Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

Former Tesla supply chain leaders create Atomic, an AI inventory solution | TechCrunch

April 15, 2025
IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

IndusInd Bank notes Rs 1,979 cr hit to net worth due to derivatives lapse, impact to reflect in FY25

April 15, 2025

Get the latest news and follow the coverage of Mortgage and Real Estate, Financial. Stocks, Investing, Trading and more from the trusted sources.

CATEGORIES

  • Financial
  • Investing
  • Markets
  • Mortgage
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
  • Trading
Please enable JavaScript in your browser to complete this form.
Loading

LATEST UPDATES

  • FHFA rolls out mortgage fraud tip line
  • March CPI higher than expected, housing prices rise
  • Wipro Q4 Preview: Profit may dip 1% QoQ to Rs 3,319 crore; muted revenue likely despite mega-deal push
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Cookie Privacy Policy
  • Contact us

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Mortgage
  • Real Estate
  • Financial
  • Stocks
  • Investing
  • Markets
  • Startups
  • Trading
  • Personal Finance

Copyright © 2023 patriotfinancial.net.
patriotfinancial.net is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In