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Can Slow and Steady Win the New Space Race?

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Blue Origin test fires a powerful new hydrogen- and oxygen-fueled American rocket engine at the company’s West Texas facility. Photo: NASA/Lauren Harnett

Amazon founder Jeff Bezos’ rocket company, Blue Origin, signed a deal for multiple launch contract in the private sector. I like their coat of arms, the tortoise, especially how it relates to compound interest. “I like to do things incrementally,” Bezos remarked during Tuesday’s Satellite 2017 Conference in Washington, The New York Times reports. His company’s motto, “gradatim ferociter,” means “Step by step, ferociously. Patrick Reilly writes of this philosophy at The Christian Science Monitor:

Eutelsat rewarded this approach in its decision to grant Blue Origin the contract. While the company has launched satellites with SpaceX in the past, Eutelsat’s chief executive, Rodolphe Belmer, suggested that Blue Origin’s slow and steady approach better aligns with that of his company.

“Blue Origin has been forthcoming with Eutelsat on its strategy and convinced us they have the right mindset to compete in the launch service industry,” Mr. Belmer said in a press release. “Their solid engineering approach … corresponds to what we expect from our industrial partners.”

Read more here.

Blue Origin Introduces New Glenn Reusable Rocket

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.