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Jeff Bezos will sell $1 billion in Amazon stock per year to fund spaceflight firm

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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Jonathan Swan
15 mins ago - Politics & Policy
Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Empire State Building among hundreds to light up in Biden inauguration coronavirus tribute.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.
Go deeper (1 min. read)Arrow
Orion Rummler
4 hours ago - Politics & Policy

Biden Cabinet confirmation schedule: When to watch hearings

Joe Biden and Kamala Harris on Jan. 16 in Wilmington, Delaware. Photo: Angela Weiss/AFP via Getty Images

The first hearings for President-elect Joe Biden's Cabinet nominations begin on Tuesday, with testimony from his picks to lead the departments of State, Homeland and Defense.

Why it matters: It's been a slow start for a process that usually takes place days or weeks earlier for incoming presidents. The first slate of nominees will appear on Tuesday before a Republican-controlled Senate, but that will change once the new Democratic senators-elect from Georgia are sworn in.

Go deeper (1 min. read)Arrow