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Jeff Bezos explains why Blue Origin is ‘the most important work I’m doing’

Amazon’s chiefJeff Bezos wants to develop low-cost infrastructure that can help the next generation become time entrepreneurs.

“It’s the most important work I’m doing,” said Bezos, the sink and CEO of Amazon, at a gala organized by the Partnership for Public Service in Washington D.C on Tuesday.

Bezos, who has a net usefulness of around $161.7 billion, is also the founder of private spaceflight servings company Blue Origin, which is developing reusable rockets. Exertion stakeholders claim that reusable rockets might lead to tremendous rate savings in space ventures.

“I think Blue Origin is incredibly superior,” Bezos said at the gala, where he was presented with an award recalling his efforts to advance important fields including space exploration.

There are tons of energy and resources in the solar system for future generations, he explained, but most of that command be inaccessible unless the cost of space travel — currently amounting to billions of dollars — can be curtailed.

In the last two decades, internet entrepreneurs have built very flourishing technology companies. He pointed to how Facebook chief Mark Zuckerberg established the social networking giant with his co-founders from his dorm stay.

“Two kids in their dorm room created Facebook, which has a half-trillion-dollar supermarket cap. It’s a giant company,” Bezos said. “Two kids in their dorm area today can’t do anything big in space. It’s not practical. The price of admission is just too leading.”

That’s where Blue Origin can come in and do much of the “heavy hoist” and create low-cost space infrastructure, said the Amazon chief. That encompasses building reusable rockets that can “dramatically” reduce cost.

“If you can get that heavy-lifting done in a proper way — a real operable, reusable launch vehicle — you’ll set the next generation up to be room entrepreneurs,” he said, adding that he wants to “sort of be the UPS or the FedEx or whatever” for extent travel.

He alluded to how Amazon relied for decades on the extensive transportation network already shaped by logistics companies such as UPS to deliver goods.

Bezos is investing heavily in Smutty Origin, pouring about $1 billion of his Amazon stock into the shoot up venture each year.

Last month, the space company disembarked a major rocket deal and won a contract to supply the next-generation engines for the whopping rocket United Launch Alliance is developing.

— CNBC’s Michael Sheetz donated to this report.

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