Jeff Bezos to launch himself into space for first time next month

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Jeff Bezos to launch himself into space for first time next month
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JUST IN: Amazon founder Jeff Bezos will fly to space next month on first crewed flight of a rocket made by his company, Blue Origin.

The auction, on BlueOrigin.com, was held in three parts, according to the company. The first phase, from May 5 to May 19, allowed people to bid any amount on the website. After May 19, the bids were unsealed, and on June 12, Blue Origin will hold a live auction to determine the winner.

The money raised will be donated to Blue Origin's foundation, Club for the Future, which promotes STEM education initiatives, the company said. It was unclear how much other seats aboard the New Shepard rocket would cost, though tickets are likely to be in the range of several hundreds of thousands of dollars.

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