Amazon CEO Jeff Bezos told reporters at the U.S. Space Symposium in Colorado Springs that he plans to sell $1 billion in Amazon stock every year and funnel the proceeds into his spaceflight company Blue Origin, CNBC reports. Blue Origin aims to start test flights with company pilots and engineers either this year or next, with a goal towards offering 11-minute commercial flights that enable passengers to experience weightlessness and see the curvature of the earth.

Why it matters: America's brightest entrepreneurial minds like Bezos and Elon Musk are investing enormous time and money into space flight. Musk's company SpaceX says it will fly private citizens around the moon next year, and both believe we can send a human to Mars within a decade and should ultimately aim to build a human colony there.

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There's little consensus on TikTok's specific national security threat

Illustration: Aïda Amer/Axios

TikTok has become a Rorschach test for how U.S. politicians view China, with little consensus on the specifics of its threat to homeland security.

The big picture: Much of what D.C. fears about TikTok is fear itself, and that's reflected in President Trump's executive order to ban the app by Sept. 20 if it's not sold by parent company ByteDance — alongside another focused on Chinese messaging app WeChat and its parent company Tencent.

U.S. sanctions Hong Kong leader Carrie Lam

Photo: Anthony Kwan/Getty Images)

The Treasury Department on Friday placed sanctions on Hong Kong leader Carrie Lam, following months of tension as she has allowed continued overreach by Beijing to subvert Hong Kong's autonomy.

Why it matters: It's the toughest sanction yet imposed on China for its destruction of Hong Kong’s relatively free political system.

GM's high-stakes electric move

The Cadillac Lyriq. Image courtesy of Cadillac

Cadillac on Thursday unveiled the Lyriq, the luxury brand's first all-electric model and GM's first consumer electric vehicle unveil since the Chevy Bolt several years ago.

Why it matters: It's the first reveal by GM of an electric vehicle that will use the company's new modular platform and Ultium battery system — technologies meant to underpin the 20 electric vehicles that GM plans to launch by 2023.