Online Bidding For a Seat on Bezos' Rocket Ship Closes at Nearly $5 Million Ahead of Live Auction Bidding for the seat began as a silent auction online, which will now shift to a live and final auction set to take place on Saturday, June 12.

By Emily Rella

entrepreneur daily
Bloomberg | Getty Images

The battle of the space wars waged on this week as online bidding to ride alongside Amazon CEO Jeff Bezos on his way to outer space drew to a close.

The billionaire, who founded space exploration company Blue Origin, announced earlier this spring that he'd be auctioning a seat on his New Shepard rocket ship's first human spaceflight.

Bidding for the seat began publicly on May 19 as an online silent auction, which will now shift to a live and final auction set to take place on Saturday, June 12.

Related: Jeff Bezos announced he will fly into space on July 20

Viewers can stream the live auction on Blue Origin's website, though registration for participation to bid in the auction for the flight has already closed.

At the end of last month, the highest bid for the coveted seat on the 11-minute flight was $2.8 million. By the time bidding closed on Thursday, the highest offer was a whopping $4.8 million.

If the seat were to sell at this price, the lucky winner would essentially be paying more than $430,000 for each minute they spend on the spaceflight.

All proceeds from the final bid will be donated to Club for the Future, Blue Origin's foundation, which aims to "inspire future generations to pursue careers in STEM and to help invent the future of life in space."

Related: Virgin Galactic's VSS Unity Completes Human Spaceflight

Bezos and his brother will also be on board, which he announced in a heartfelt Instagram post earlier this month.

"Ever since I was five years old, I've dreamed of traveling to space," the entrepreneur wrote. "On July 20th, I will take that journey with my brother. The greatest adventure, with my best friend."

The flight is set to soar just two weeks after Bezos' steps down as Amazon CEO, which he announced he'd be doing to staff back in February.

"Being the CEO of Amazon is a deep responsibility, and it's consuming," he said at the time. "When you have a responsibility like that, it's hard to put attention on anything else."

The New Shepard rocket ship has run 15 successful missions to space sans-crew, but this is its first with humans on board. The inaugural flight will lift off from Launch Site One in West Texas.

"It's time for astronauts to climb onboard," Blue Origin said in a statement. "This seat will change how you see the world."

Related: Elon Musk Confirms Ocean Launchpad

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Related Topics

Business News

Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study

Some surprising schools outranked Ivy League universities with the likelihood that their grads would found a unicorn.

Business News

Bumble Is Laying Off Over 30% of Workforce as Gen Z Moves Away From Dating Apps

The company revealed its restructuring plans during a Q4 2023 earnings report.

Marketing

7 Ways to Create a Seamless Marketing Campaign Across All Platforms

Achieving cross-platform harmony requires strategic goal-setting, customized content optimization, and a mix of paid and organic efforts.

Starting a Business

How Can You Make Sure Your Business Will Survive Anything? Try These 3 Proven Strategies

No matter how uncertain the economy is, you can survive anything as long as you prepare. Here are a few strategies to consider.

Business News

Amazon's $1 Billion Innovation Fund Is Looking to Invest in a Specific Kind of Startup

The company's Innovation Fund invests in startups that focus on robotics, artificial intelligence, machine learning, and autonomy.