Jeff Bezos' Space Trip Will Cost $2.54 Million Per Minute (2024)

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Jeff Bezos' Space Trip Will Cost $2.54 Million Per Minute? ›

With a total of $28 million for the only available seat, and 11 minutes outside planet earth, Blue Origin's trip with Jeff Bezos onboard will cost $2.54 million per minute.

If all goes well, Jeff Bezos will spend four minutes on Tuesday suspended weightless in the lowest rung of suborbital space. For the world's richest man, who's funded his space company, Blue Origin, with at least $5.5 billion of his own money, that's about $1.38 billion a minute.

Blue Origin auctioned off a seat on its first spaceflight, which took place back in July and included billionaire founder Jeff Bezos, for $28 million. Bezos said that the company has sold $100 million in tickets for future flights.

Justin Sun, the founder and CEO of the blockchain platform Tron, announced today (Dec. 22) that he's the person who paid $28 million for a seat aboard Blue Origin's first crewed spaceflight.

The Blue Origin flight is $100,000 per minute.

Blue Origin said that Strahan and Shepard Churchley are flying as "honorary guests" and did not pay for their tickets.

The flight is scheduled for July 20 and the winner with join Blue Origin founder Jeff Bezos and his brother Mark. Here's what $28 million gets you: Training begins a few days before the flight with the goal of getting familiar with the space capsule. The flight lasts 10 to 12 minutes.

A handful of so-called “new space” companies are now competing to sell space tourists trips on private spacecraft. Each one has a slightly different means of reaching space, and not all of them will get you all the way into orbit. But as long as you're rich, you should have no problem purchasing your ticket to space.

Richard Branson's Virgin Galactic and Jeff Bezos's Blue Origin are planning to fly paying customers to space, as well. Those missions are not intended to go into orbit but rather to the edge of space, coming back down after giving passengers a few minutes of weightlessness. (Bezos owns The Washington Post.)

Currently, it is only available to those who can spend an average of $250,000 to $500,000 for suborbital trips (about a fifteen-minute ride to the edge of space and back) or flights to actual orbit at more than $50 million per seat (though typically a longer trip than 15 minutes).

How much do astronauts get paid to stay in space? ›

The pay grades for civilian astronaut candidates are set by federal government pay scales and vary based on academic achievements and experience. According to NASA , civilian astronaut salaries range from $104,898 to $161,141 per year. Here are a few of the benefits offered to civilian astronauts: Health care.

Records in space

The late Russian cosmonaut Valeri Polyakov, who logged 437 continuous days in orbit aboard Russia's Mir space station between 1994 and 1995, still holds that title.

The United States' space budget is far and away the largest on earth. With 62 billion dollars of expenditure on its space programs last year, U.S. government spending outweighed that of all other governments combined ($41 billion).

Arriving at the space station Saturday will be an American, Canadian and Israeli who run investment, real estate and other companies. They're paying $55 million apiece for the rocket ride and accommodations, all meals included.

“The billionaires in space is an old narrative.” Unlike Bezos and Branson, Musk has yet to travel to space himself.

How Blue Origin makes money. Blue Origin makes money through space tourism flights, selling engines, and contracts with NASA for spaceflight. Blue Origin's CEO Bob Smith told The New York Times that the company had “gone from virtually zero revenue to now making hundreds of millions of dollars of revenue annually.”

Total Flight Cost:

* Includes $125,000 fully refundable deposit plus $25,000 nonrefundable Future Astronaut community access fee. All costs are listed in USD.

600 people have reserved $250,000 tickets to fly to space with Virgin Galactic, including celebrities like Tom Hanks, Leonardo DiCaprio, Justin Bieber, and Lady Gaga. The letter F.

The NS-19 crew. From left are Dylan Taylor, Lane Bess, Cameron Bess, Laura Shepard Churchley, Michael Strahan and Evan Dick.

How far do you think light travels in a minute? To figure this out, multiply the distance that light travels in a second by 60 because there are 60 seconds in a minute. So light can travel 18,000,000 kilometers in one minute!

What is the cheapest price to go to space? ›

$450,000 will buy you a trip to space with Virgin Galactic and sales open today, February 16, 2022. Those whose lifetime dream is to go into space can now purchase an initial spaceflight reservation and secure membership in the unique community of Future Astronauts, a major step in commercialization of space travel.

How much does a Nasa Astronaut make? As of Jun 5, 2023, the average annual pay for a Nasa Astronaut in the United States is $46,585 a year.

About 100 people have bought tickets to ride to suborbital space and back since Virgin Galactic reopened sales in August, company representatives said Monday (Nov. 8) in a quarterly earnings call with investors. Virgin Galactic now has about 700 folks in its customer pool.

Blasting off into low Earth orbit may not be every traveler's idea of a quiet getaway, but builders of the first space hotel are creating the ultimate exclusive destination. Voyager Station is scheduled to be operational by 2027 and will offer $5 million luxury suites, fine dining, and live shows to space tourists.

Shatner didn't pay for his new historic record—he flew on the New Shepard rocket for free—but others can, and already have: Another Blue Origin passenger, Oliver Daemen, at age 18, became the youngest person (and first teenager) to reach space because his dad, a private-equity executive, bought him a seat.

SpaceX makes the bulk of its money by launching satellites into orbit. This works because commercial businesses pay SpaceX a fee to launch satellites that they can use for their businesses. SpaceX uses a flat rate model to charge commercial customers a launch fee for a basic launch.

Total Pay Estimate & Range

The estimated base pay is $110,120 per year. The estimated additional pay is $30,122 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.

On Tuesday, the aerospace company announced plans to sell tickets to the general public to snag a seat for a future spaceflight. Reservations open up Feb. 16 and will cost $450,000. Potential travelers must pay a $150,000 deposit to hold the spot, then pay the rest before their flight.

The International Space Station orbits Earth 16 times in 24 hours at an average altitude of 420 km. It can take astronauts anywhere from 4 hours to 3 days to reach the Space Station, depending on the spacecraft used and the mission parameters.

How much is a space suit? ›

The Cost of a NASA Spacesuit

Back in 1974, NASA revealed that a spacesuit cost between $15-22 million, which comes out to about $83-122 million today.

Neil Armstrong's Salary

At the time of the Apollo 11 flight in 1969, Neil Armstrong was paid a salary of $27,401 and was the highest paid of the flying astronauts, according to the Boston Herald.

The estimated total pay for a Flight Surgeon at NASA is $337,207 per year.

Astronauts also receive a number of perks and benefits, including free housing at NASA's headquarters in Houston and a comprehensive health insurance plan. In addition, they are given a stipend to cover the cost of meals and other expenses while on a mission.

Time Dilation and Interstellar Space Flight

For example, one year of interstellar travel might correspond to ten years back on Earth.

So why haven't astronauts been back to the moon in 50 years? "It was the political risks that prevented it from happening," Bridenstine said. "The program took too long and it costs too much money." Researchers and entrepreneurs have long pushed for the creation of a crewed base on the moon — a lunar space station.

The current human speed record is shared equally by the trio of astronauts who flew Nasa's Apollo 10 mission. On their way back from a lap around the Moon in 1969, the astronauts' capsule hit a peak of 24,790mph (39,897km/h) relative to planet Earth.

Based on statistical models produced by ESA's space debris office, it is estimated that there are 36,500 objects larger than 10cm, 1 million objects between 1-10cm, and an extraordinary 130 million objects between 1mm to 1cm.

Value of Space Economy reaches $464 billion in 2022 despite new unforeseen investment concerns.

Annual budget

It represents 0.48% of the $4.7 trillion the United States plans to spend in the fiscal year. Since its inception the United States has spent nearly US$650 billion (in nominal dollars) on NASA.

How much does a dragon seat cost? ›

SpaceX's CCtCap contract values each seat on a Crew Dragon flight to be between US$60–67 million, while the face value of each seat has been estimated by NASA's Office of Inspector General (OIG) to be around US$55 million.

In the past, Mr Musk has estimated that a ticket to Mars on a SpaceX flight would cost between $100,000 and $500,00.

Today, a SpaceX rocket launching can be 97% cheaper than a Russian Soyuz ride cost in the '60s. The key to increasing cost efficiency? SpaceX rocket boosters usually return to Earth in good enough condition that they're able to be refurbished, which saves money and helps the company undercut competitors' prices.

Dr. Schulte said that humans have not been to Mars in person, but NASA has sent plenty of spacecraft there in the past. He said, "In fact, we have two operating rovers on the surface of Mars right now.

Located in Bastrop, outside of Austin city limits, Musk has spent millions purchasing land in the quaint town in hopes he can avoid big-city regulations, the Wall Street Journal first reported. Situated next to the Colorado River, his vision is to create his own utopia where his employees can live and work.

The planned town is called Snailbrook, in reference to the mascot of Musk's tunneling company, Boring Co. Located in Bastrop County near Boring and SpaceX facilities, the site would be designed as a live-work community for employees of Musk's companies.

MoonDAO's payment to Blue Origin — at about $1.25 million per ticket — is the first public figure available for the price to ride a Blue Origin rocket to suborbital space. The price is higher than the ticket price Virgin Galactic charges its customers for a similar ride to the edge of space.

For suborbital flights, Blue Origin typically charges around $200,000 – $300,000 per person. This cost includes a one-hour flight and a three-hour preparation program. For those looking to go into orbit, Blue Origin's orbital launch services range from $50 million to $100 million per person.

Avg. Base Salary (USD)

Blue Origin pays an average salary of $84,326 and salaries range from a low of $73,917 to a high of $95,871.

The four men were welcomed onboard the ISS on Saturday by the crew there as NASA joins Russia in hosting guests at the world's most expensive tourist destination. The American, Canadian and Israeli businessmen each paid $55m (£42m) for the rocket ride and accommodation.

How much did each person pay to go to space? ›

Currently, it is only available to those who can spend an average of $250,000 to $500,000 for suborbital trips (about a fifteen-minute ride to the edge of space and back) or flights to actual orbit at more than $50 million per seat (though typically a longer trip than 15 minutes).

Virgin Galactic sells a 90-minute ride to suborbital space for $450,000 per seat. Space Perspective charges $125,000 per person on a six-hour journey to the stratosphere in a balloon-borne pressurized capsule.

Pete Davidson and five paying customers to fly on Jeff Bezos' suborbital rocket. Pete Davidson will become the latest celebrity to fly to space with Jeff Bezos' rocket company, Blue Origin, in a brief, suborbital flight slated for later this month.

Arriving at the space station Saturday will be an American, Canadian and Israeli who run investment, real estate and other companies. They're paying $55 million apiece for the rocket ride and accommodations, all meals included.

The pay grades for civilian astronaut candidates are set by federal government pay scales and vary based on academic achievements and experience. According to NASA , civilian astronaut salaries range from $104,898 to $161,141 per year. Here are a few of the benefits offered to civilian astronauts: Health care.

Seven private citizens have already paid for multi-million dollar tickets to go into space with Russian Soyuz spaceflights going back as far as 2001, making them the first space tourists.

You can buy tickets for a voyage into space with Virgin Galactic, with tickets currently on sale for $450,000. Admittedly, $450,000 USD isn't exactly small change, but it's a lot less expensive than the $20 million that previous space travellers have paid.

They're paying $55 million apiece for the rocket ride and accommodations, all meals included.

He'll be traveling to the edge of space with Jeff Bezos's Blue Origin rocket company as “an honorary guest,” according to a spokeswoman for the company. While Davidson will take this flight for free, the five other passengers on board will be paying for their seats.

If you walked at an average speed of 6 km per hour (3.7 mph) it would take you 16 hours and 40 minutes to get to space. NASA's Space Shuttle took about 8.5 minutes to get into Earth orbit, according to NASA.

How high up is space? ›

Yet the edge of space – or the point where we consider spacecraft and astronauts to have entered space, known as the Von Karman Line – is only 62 miles (100 kilometers) above sea level.