Jeff Bezos recently sold 960,000 shares of Amazon (AMZN) stock which amounts to almost 1.8B dollars. The world’s richest man, worth roughly 117B, has been selling stock not because he doesn’t believe in his company, but in order to fund his space venture Blue Origin.
Bezos routinely sells about 1B worth of stock per year to fund his space venture “Blue Origin”. He unveiled a new rocket engine and a mockup of a lunar lander to use for shuttle cargo in May. He also said he wants to build giant orbital structures that could host self-sustaining colonies.