While Jeff Bezos has spent $14 billion to achieve his first space launch, his billionaire rival has built a thriving business, mostly with other people’s money.

Blue Origin, the rocket company Amazon billionaire Jeff Bezos founded, notched one of the most substantial successes in its history on Thursday: sending a rocket to orbit.

The billionaire space race entered a new phase today when Jeff Bezos’ Blue Origin successfully launched its 320-foot-tall New Glenn rocket from Cape Canaveral in Florida.

A new space race is taking place and Jeff Bezos’ Blue Origin just made the latest move as rival Elon Musk’s SpaceX prepares for its own launch.

The Amazon founder’s space company marked a major milestone Thursday with the first test flight of its New Glenn rocket.

The uncrewed New Glenn rocket took off at 2:03 a.m. EST from Complex 36 at Cape Canaveral Space Force Station, Blue Origin said.

On Friday, the FAA issued a mishap investigation against SpaceX after the upper stage of the Starship lost communications and then blew up during its seventh test flight on Thursday minutes after its launch from the company’s Starbase facility in Boca Chica, Texas.

Spectators on Saturday watched as Jacklyn, Blue Origin's rocket landing vessel, returned to Port Canaveral just as it left.

Ten companies from diverse sectors, however, ended Friday weaker, posting notable declines versus the week prior.

Blue Origin is going slower than SpaceX, but it also nailed a massive rocket launch on the first try. Jeff Bezos is back in the space race.

While SpaceX is not the sole new launch company, it has set the pace for reducing the cost and increasing the reliability of space launches.