Billionaires in space: essential innovation or ‘costly vanity project’?
‘One very small step for mankind, one giant ego trip for Jeff Bezos’
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
“One very small step for mankind, one giant ego trip for Jeff Bezos.” Last week, the Amazon founder became the second billionaire in a matter of days to launch himself into the heavens, said Gaby Hinsliff in The Guardian. Virgin tycoon Richard Branson had made the first suborbital tourist flight, on 11 July; but Bezos’s Blue Origin rocket flew higher, and crossed the Kármán line, the widely recognised boundary between Earth’s atmosphere and outer space.
“Best. Day. Ever,” the 57-year-old proclaimed, as he touched down. “I want to thank every Amazon employee and every Amazon customer,” he said mistily. “Because you guys paid for this.” It’s true, in a very real sense we did; and quite a few of us reckon our cash could have been better spent on Earth. As one critic pointed out, Bezos’s ten-minute trip cost $5.5bn – enough to stop 37.5 million people starving this year.
A tech tycoon who dons a cowboy hat before flying into space in a phallus-shaped rocket, is inviting trouble, said the FT. And there was certainly something jarring about the timing of these flights, as Earth was lashed by heatwaves and floods. But the critics dismissing the billionaire space race as an environmentally costly vanity project are missing the point. Space tourism is only the start for Bezos: sending the super rich on thrill rides will help fund his grander plans, which include moving heavy industries into space, to help preserve this planet.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
As for Tesla-founder Elon Musk, his ultimate plan is to colonise Mars. In the meantime his firm SpaceX, with its cost-slashing re-usable rockets, is already “indispensable for delivering cargo and crew to the International Space Station”. The competition between these titans will only spur greater innovation.
People grumble that if Bezos cared about the planet, he’d focus his efforts closer to its surface, but he and Musk are right to gaze at the stars, said Andy Daga on USA Today. Resources are limited on Earth; in space, they are not. The idea that we could mine asteroids for minerals, or tap into solar energy, may seem fantastical, but so did cat scans and camera phones once. Both of those are by-products of space exploration. Who knows what benefits this new era will bring.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Political cartoons for February 17Cartoons Tuesday’s political cartoons include a refreshing spritz of Pam, winter events, and more
-
Alexei Navalny and Russia’s history of poisoningsThe Explainer ‘Precise’ and ‘deniable’, the Kremlin’s use of poison to silence critics has become a ’geopolitical signature flourish’
-
Are Hollywood ‘showmances’ losing their shine?In The Spotlight Teasing real-life romance between movie leads is an old Tinseltown publicity trick but modern audiences may have had enough
-
Currencies: Why Trump wants a weak dollarFeature The dollar has fallen 12% since Trump took office
-
Elon Musk’s starry mega-mergerTalking Point SpaceX founder is promising investors a rocket trip to the future – and a sprawling conglomerate to boot
-
TikTok: New owners, same risksFeature What are Larry Ellison’s plans for TikTok US?
-
Will SpaceX, OpenAI and Anthropic make 2026 the year of mega tech listings?In Depth SpaceX float may come as soon as this year, and would be the largest IPO in history
-
Leadership: A conspicuous silence from CEOsFeature CEOs were more vocal during Trump’s first term
-
Ryanair/SpaceX: could Musk really buy the airline?Talking Point Irish budget carrier has become embroiled in unlikely feud with the world’s wealthiest man
-
Powell: The Fed’s last hope?Feature Federal Reserve Chairman Jerome Powell fights back against President Trump's claims
-
Taxes: It’s California vs. the billionairesFeature Larry Page and Peter Thiel may take their wealth elsewhere