SENATE PREPARING $10 BILLION BAILOUT FUND FOR JEFF BEZOS SPACE FIRM (The Intercept)

    35
    0

    SENATE PREPARING $10 BILLION BAILOUT FUND FOR JEFF BEZOS SPACE FIRM – By Sara Sirota, Ryan Grim (The Intercept) / May 25 2021

    Bezos’s Blue Origin lost its bid for a major NASA contract to Elon Musk, but the Senate is ordering the agency to give a second one now.

    NOW THAT Jeff Bezos’s space flight company Blue Origin has lost a multibillion contract to Elon Musk’s SpaceX, Congress is prepping the ground for Bezos to win a contract anyway, ordering NASA to make not one but two awards.

    The order would come through the Endless Frontier Act, a bill to beef up resources for science and technology research that’s being debated on the Senate floor this week. An amendment was added to that legislation by Sen. Maria Cantwell, D-Wash., to hand over $10 billion to NASA — money that most likely would go to Blue Origin, a company that’s headquartered in Cantwell’s home state.

    Cantwell’s amendment is no sure bet though: Sen. Bernie Sanders, I-Vt., introduced a last-minute amendment Monday to eliminate the $10 billion. “It does not make a lot of sense to me that we would provide billions of dollars to a company owned by the wealthiest guy in America,” Sanders told The Intercept Tuesday.

    The Bezos space company had been competing against SpaceX for a contract to put astronauts on the moon, the first such trips since 1972, but lost the bidding process with a price tag twice that of SpaceX. NASA announced the award to the Elon Musk-owned company last month.

    CONTINUE > https://theintercept.com/2021/05/25/jeff-bezos-blue-origin-senate-bailout/

    [pro_ad_display_adzone id="404"]

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here