Ken Griffin Wins $ 8 Million Bezos Space Flight Auction, Donating Seats

Ken Griffin, founder and CEO, Citadel (L) and the Blue Origin New Shepard rocket takes off (R)

Reuters

Ken Griffinbillionaire founder and CEO of hedge fund Citadel, on Monday auctioned off the winning bid of $ 8 million for a seat on a space flight with Jeff Bezos’ Blue origin.

Bezos’ company donated two seats on its New Shepard rocket for a “buy one by one” auction at Robin Hood’s annual nonprofit charity for New York City, with second place going to a New York teacher. .

But Griffin won’t launch himself into space, instead returning his seat so that two educators can fly.

A Robin Hood spokesperson told CNBC that the organization will work with Griffin, Blue Origin and the New York City Department of Education to select the two teachers for space flight, saying an announcement about the “process and sequence will come soon. storm”.

A spokesperson for Blue Origin added that the timing for the launch of New Shepard has not yet been set and that the company has no plans to auction the flight’s remaining four seats.

The launch of Blue Origin’s New Shepard rocket from the company’s private facility in West Texas and flies above 100 kilometers in altitude, or approximately 340,000 feet, where the crew experiences about two minutes of zero gravity before returning to Earth.

Specifically, Griffin’s offering is $ 20 million less than an auction winning bid Blue Origin held for a seat on its maiden flight New Shepard last year, even though that ticket came with a ride along with Bezos himself.