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00:02Jeff Bezos's Blue Origin aims to launch its New Glenn rocket multiple times per week
00:07by the end of the decade as it expands infrastructure to compete with SpaceX, according to Reuters.
00:11The company has invested more than $3 billion in its Florida production facilities and plans
00:16a $330 million expansion by summer 2027.
00:20The project will support production of a heavier-lift New Glenn rocket and up to 150 upper stages
00:25annually.
00:25Blue Origin also plans additional launch and landing pads following a May explosion
00:30that damaged its only launch pad.
00:32New Glenn is expected to resume flights early next year.
00:35The setback disrupted Amazon's satellite launch schedule as Blue Origin works to expand its
00:39launch capacity.
00:40CEO Dave Limp has prioritized returning New Glenn to its launch pad over other projects, including
00:45a multi-billion dollar NASA lunar lander program.
00:48For all things money, visit Benzinga.com
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