Jeff Bezos offers Nasa $2bn in exchange for moon mission contract

  • Billionaire lost out to Elon Musk’s SpaceX in lunar bid
  • Contract is to build craft to take astronauts to the moon

Fresh off his trip to space, Jeff Bezos on Monday offered to cover up to $2bn in Nasa costs if the US space agency awards his company Blue Origin a contract to make a spacecraft designed to land astronauts back on the moon.

Nasa in April awarded SpaceX, owned by rival billionaire Elon Musk, a $2.9bn contract to build a spacecraft to bring astronauts to the lunar surface as early as 2024, rejecting bids from Blue Origin and defense contractor Dynetics. Blue Origin had partnered with Lockheed Martin, Northrop Grumman and Draper in the bid.

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Jeff Bezos hails ‘best day ever’ after successful Blue Origin space flight

The Amazon founder Jeff Bezos hailed “the best day ever” after completing his pioneering foray into space on Tuesday with three crewmates, among them his brother Mark.

Related: Why is Bezos flying to space? Because billionaires think Earth is a sinking ship | Hamilton Nolan

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Richard Branson flies to edge of space in Virgin Galactic passenger rocket plane

Spaceplane went into sub-orbital flight days ahead of a rival launch by Jeff Bezos

The British entrepreneur Richard Branson has successfully flown to the edge of space and back in his Virgin Galactic passenger rocket plane, days ahead of a rival launch by Amazon founder Jeff Bezos, as the billionaires compete to kick off a new era of space tourism.

Seventeen years after Branson founded Virgin Galactic to develop commercial spacecraft and cater to future space tourists, the spaceplane went into sub-orbital flight on Sunday morning, reaching 55 miles (88km) above the Earth’s surface. The launch was slightly delayed until 10.40ET due to weather conditions at the Virgin Galactic’s operational base at Spaceport America in the New Mexico desert.

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Virgin Galactic to launch space plane with Richard Branson on board

The billionaire, along with two pilots and three other passengers, will reach 55 miles above Earth for about an hour

British entrepreneur Richard Branson is set to fly to the edge of space in his Virgin Galactic passenger rocket plane on Sunday, days ahead of a rival launch by Amazon founder Jeff Bezos, as the two billionaires race to kick off an era of space tourism.

Branson’s extraterrestrial venture Virgin Galactic will send its space plane into sub-orbital flight on Sunday morning, aimed at reaching 55 miles above Earth at its peak altitude.

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Philanthropist MacKenzie Scott gives away $2.7bn to hundreds of charities

Ex-wife of Jeff Bezos gives to 286 groups and says she wants to donate ‘fortune that was enabled by systems in need of change’

The American novelist and philanthropist MacKenzie Scott said on Tuesday she had given a further $2.7bn (£1.9bn) to 286 organisations.

Scott, who was formerly married to Amazon founder Jeff Bezos, issued a statement regarding distribution of the latest tranche of her $57bn fortune.

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Clamour for wealth tax grows after revelations about super-rich’s affairs

Data leak published by ProPublica fuels calls to tighten up system which sees ultra-wealthy pay little or no tax

The revelation last week that the 25 richest US billionaires have paid very little tax even as their fortunes have soared has reignited demands for wealth taxes on both sides of the Atlantic.

An unprecedented leak of “a vast trove” of 15 years of Internal Revenue Service (IRS) data to the investigative news site ProPublica has provided a staggering insight into the legal strategies the very rich deploy to avoid tax.

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Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

ProPublica investigation shows how little US super-rich, including Jeff Bezos and Elon Musk, reportedly paid between 2014 and 2018

The 25 richest Americans, including Jeff Bezos, Warren Buffett and Elon Musk, paid a “true tax rate” of just 3.4% between 2014 and 2018, according to an investigation by ProPublica, despite their collective net worth rising by more than $400bn in the same period.

Related: Global economy set for fastest recovery for more than 80 years

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The tech billionaire space race: who is Jeff Bezos up against?

As Amazon founder prepares to jet off in his Blue Origin vessel, can he compete with Elon Musk’s SpaceX?

Every billionaire needs something to spend their fortunes on. For Howard Hughes, it was the Spruce Goose; for Roman Abramovich, it’s Chelsea FC. And for the current crop of tech moguls, it’s space.

Jeff Bezos has led the charge. He founded his company, Blue Origin, in 2000, after a conversation with his friend, the science fiction author Neal Stephenson. And in July, 21 years later, the investment will pay off: Bezos will blast himself, his brother, and a third fee-paying guest 100km up in the company’s New Shepard rocket, brushing the edge of space until he comes back down to earth three minutes later.

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Amazon must ‘do a better job’ for its workers, says Jeff Bezos

But company’s founder pushes back against criticism of its work practices in letter to shareholders

Amazon needs to “do a better job” for its employees, Jeff Bezos told shareholders in his final letter as chief executive of the online giant, but he also pushed back against criticism of the company’s work practices.

Bezos, who reclaimed his title as the world’s richest person this year, said that Amazon’s recent defeat of an attempt by some workers to form the company’s first union in Alabama did not bring him “comfort”.

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Is big tech now just too big to stomach?

The Covid crisis has turbo-charged profits and share prices. But are the big six now too powerful for regulators to ignore?

The coronavirus pandemic has wrought economic disruption on a global scale, but one sector has marched on throughout the chaos: big tech.

Further evidence of the industry’s relentless progress has come in recent weeks with the news that Apple and Amazon both raked in sales of $100bn (£72bn) over the past three months – 25% more than Tesco brings in over a full year.

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The unbearable banality of Jeff Bezos

The Amazon founder’s relentless quest for ‘customer ecstasy’ made him one of the world’s richest people – now he’s looking to the unlimited resources of space. Is he the genius our age of consumerism deserves?

The first thing I ever bought on Amazon was an edutainment DVD for babies. I don’t recall making the purchase, but the data is unequivocal on this point: on 14 November 2004, I bought Baby Einstein: Baby Noah – Animal Expedition for the sum of £7.85. My nearest guess is that I got it as a Christmas present for my nephew, who would at that point have been one year old, and at the very peak of his interest in finger-puppet animals who cavort to xylophone arrangements of Beethoven. This was swiftly followed by three more DVD purchases I have no memory of making. Strangely, I bought nothing at all from Amazon the following year, and then, in 2006, I embarked on a PhD and started ramping up my acquisition of the sort of books that were not easily to be found in brick-and-mortar establishments. Dry treatises on psychoanalysis. Obscure narrative theory texts. The occasional poetry collection. Everything ever published by the American novelist Nicholson Baker.

I know these things because I recently spent a desultory morning clicking through all 16 years of my Amazon purchase history. Seeing all those hundreds of items bought and delivered, many of them long since forgotten, was a vaguely melancholy experience. I experienced an estranged recognition, as if reading an avant-garde biography of myself, ghost-written by an algorithm. From the bare facts of the things I once bought, I began to reconstruct where I was in life, and what I was doing at the time, and what I was (or wanted to be) interested in. And yet an essential mystery endured. What kind of person purchases within the space of a few days, as I did in August of 2012, a Le Creuset non-stick crepe pan, three blue and white herringbone tea-towels, and a 700-odd page biography of the Marxist philosopher Theodor Adorno? (The tea-towels are still in use, and so is the crepe pan, while the 700-plus page Adorno biography remains, inevitably, unread.) Perhaps the answer is as simple as: a person with an Amazon account.

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Bezos leaves Amazon in its prime – keeping it that way is the task

Analysis: Running the online retailer should be a dream job, but where and how to grow will challenge Andy Jassy

A pain-free departure of a visionary founder is a difficult trick to pull off for any business. The stakes are even higher for a company the size of Amazon, as Jeff Bezos steps back from his day-to-day management role.

The decision by Bezos, 57, to quit as chief executive later this year took analysts by surprise, but the first step has already gone smoothly, with Andy Jassy appointed as his successor without any public power struggle.

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Jeff Bezos to resign as chief executive of Amazon

Bezos, who founded the company in 1994, will step down after company recorded $100bn in sales for last three months of 2020

Jeff Bezos, billionaire founder of Amazon, will step down as chief executive, the company announced on Tuesday.

Related: Biden pledges to 'undo moral shame' of Trump era with new orders on immigration – live

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Mighty Amazon looks all but unassailable as Covid continues

Jeff Bezos’s company is set for sales topping $100bn last quarter, and while rivals are nibbling, its position looks secure

The earliest references to the “one-stop shop” emerged during the first decades of 20th century as the fast-growing US economy spurred rapid retail innovation. A single location for various products provides obvious benefits: removing the hassle of travelling around town to visit different stores.

Jeff Bezos redefined that logic for the internet age, making Amazon a dominant (and perhaps ambivalent) force first in selling books, and then in pretty much everything else. Before 2020 Amazon was a phenomenon, but the coronavirus pandemic has made it all but ubiquitous.

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Covid billionaires should help starving people, says charity boss

Head of World Food Program USA says 235 million people ‘marching toward starvation’

Billionaires whose wealth has soared during the coronavirus pandemic should stump up to provide emergency aid to the record numbers of people facing starvation, the head of a US charity supporting the World Food Programme has said.

Related: Billionaires' wealth rises to $10.2 trillion amid Covid crisis

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Ten billionaires reap $400bn boost to wealth during pandemic

Covid-19 pushed many into poverty but brought huge benefits for some of the wealthiest, renewing calls for fairer taxes

Ten of the richest people in the world have boosted their already vast wealth by more than $400bn (£296bn) since the coronavirus pandemic began as their businesses were boosted by lockdowns and financial crises across the globe.

The extra wealth accumulated by the 10 men – approximately $450bn, using Forbes figures – over the past nine months is more than the £284bn the British government is estimated to have spent on tackling the pandemic and the economic damage it has wrought on its 66 million people.

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Jeff Bezos: Blue Origin space company will take first woman to the moon

  • Amazon owner seeks Nasa lunar lander contract
  • Elon Musk’s SpaceX and Dynetics also in competition

Jeff Bezos’ space company Blue Origin will take the first woman to the moon, the billionaire said as Nasa nears a decision over who will supply its first privately built lunar landers, meant to be capable of sending astronauts to the moon by 2024.

Related: Japan’s Hayabusa2 capsule returns to Earth carrying asteroid samples

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How Amazon became a pandemic giant – and why that could be a threat to us all

Online retail grew massively in lockdown, and Amazon reaped huge profits. But where is the company’s relentless innovation and automation heading – and is it time to clip its wings?

For the last year, Anna (not her real name) has been working as an Amazon “associate”, in the kind of vast warehouse the company calls a fulfilment centre. For £10.50 an hour, she works four days a week, though, during busy periods, this sometimes goes up to five. Her shift begins at 7.15am and ends at 5.45pm. “When I get home,” she says, “it’s about 6.30. And I just go in, take a shower and go to bed. I’m always exhausted.”

Anna is a picker in one of the company’s most technologically advanced workplaces, in the south of England. This means she works in a metal enclosure in front of a screen that flashes up images of the products she has to put in the “totes” destined for the part of the warehouse where customer orders are made ready for posting out. Everything from DVDs to gardening equipment is brought to her by robot “drives”: squat, droid-like devices that endlessly lift “pods” tall fabric towers full of pockets that contain everything from DVDs to toys – and then speed them to the pickers.

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