The world’s second richest man suffered an embarrassing botched launch of his new rocket system just hours after shrugging off speculation he might be intimidated by Elon Musk having the incoming president’s ear on all things off-world.

Jeff Bezos’ company is gearing up to launch its New Glenn rocket, kicking off a year in which the industry anticipates to grow under the Trump administration.

Founded 25 years ago by Bezos, Blue Origin has been launching paying passengers to the edge of space since 2021, including himself. The short hops from Texas use smaller rockets named after the first American in space, Alan Shepard. New Glenn, which honors John Glenn, is five times taller.

Nearly a quarter century after Jeff Bezos founded Blue Origin, the rocket company is poised for its most defining moment to date: sending a vehicle to orbit for the first time.

Blue Origin's New Glenn rocket is set to blast off from Cape Canaveral - so where do things stand in the battle of the billionaires for space exploration?

Eastern time on Jan. 16, 2025, a new rocket blasted off from the Cape Canaveral Space Force Station in Florida. By reaching orbit, Blue Origins New Glenn rocket launch has marked a milestone for