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Space race: Blue Origin just won a major contract with NASA

Space race: Blue Origin just won a major contract with NASA

5/21/23 7:00PM

Artemis

On Friday, NASA announced that it had selected a group led by Jeff Bezos' space company, Blue Origin, to develop a moon lander for the Artemis program. The project will cost more than $7bn in total, with the NASA contract worth $3.5bn and Blue Origin contributing more than $3.4bn in order to build the 50-foot-tall spacecraft.

The Artemis program, led by NASA with its partners in Europe, Japan and Canada, has one main goal; to get astronauts back on the moon — a feat not accomplished since Apollo 17 more than 5 decades ago. Artemis is well underway following the successful Artemis I mission in 2022, which saw an uncrewed Orion spacecraft orbit the moon. The mission is set to be replicated in 2024, this time with a crew onboard.

Private launch

NASA's decision to award the contract to Blue Origin's team, which includes collaboration with industry giants like Lockheed Martin and Boeing, comes after two deals with Elon Musk's SpaceX for its Starship lander. Indeed, the latest deal is indicative of a more commercially collaborative NASA that has been increasing its reliance on the private sector, licensing a record-breaking 79 commercial launches last year.

SpaceX being chosen ahead of Blue Origin sparked court drama in 2021 as Bezos' company sued the US government for unfairly favoring Musk's company, claiming it would have been better to have chosen two companies. With the latest news, SpaceX — which has done more private launches than any other company — is now slated to conduct the inaugural lunar landing for Artemis in late 2025. Blue Origin crews will have to wait until 2029 for the Artemis V mission.

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$100B

Alphabet’s YouTube said it’s paid out over $100 billion to creators, artists, and media companies over the past four years — cementing its place as one of the internet’s biggest talent magnets. The Google-owned platform, which turned 20 this year, credited connected TVs as a major driver of growth.

YouTube said the number of channels earning over $100,000 from TV screens has surged over 45% in the past year alone. Meanwhile, ad revenue for YouTube grew double digits in Q2 to $9.8 billion, topping the Street’s estimates.

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Webtoon surges after Disney plans to invest and partner in digital push for brands like Marvel and “Star Wars”

Webtoon Entertainment shares jumped 36% in premarket trading Tuesday after Disney said it’s buying a 2% stake in the digital comics platform. The investment is part of a deal to bring Marvel, “Star Wars,” Pixar, and 20th Century Studios titles into a new streaming-style app run by Webtoon. The offering will launch in Q4 across the US and nine other countries.

“With a new platform that will combine our product and technical expertise with Disney’s full comic catalog, we’re giving new and longtime fans all over the world a new way to discover these legendary characters and stories,” said Junkoo Kim, founder and CEO of Webtoon Entertainment.

The platform is expected to host more than 35,000 titles, mixing archived comics with Webtoon originals. Disney+ perks could also be on the table, giving the service a natural tie-in to Disney’s broader streaming play.

The arrangement isn’t final yet: Disney’s stake and the platform details are still under negotiation. But with Webtoon’s ~155 million monthly active users, the partnership gives Disney a mobile-friendly channel for its comics while Webtoon gains the ultimate IP access.

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