While Jeff Bezos has spent $14 billion to achieve his first space launch, his billionaire rival has built a thriving business, mostly with other people’s money.

The Federal Aviation Administration is requiring Elon Musk's SpaceX and Jeff Bezos' Blue Origin to investigate what went wrong on their respective

The billionaire space race entered a new phase today when Jeff Bezos’ Blue Origin successfully launched its 320-foot-tall New Glenn rocket from Cape Canaveral in Florida.

Spectators on Saturday watched as Jacklyn, Blue Origin's rocket landing vessel, returned to Port Canaveral just as it left.

Blue Origin successfully launched its New Glenn rocket from Florida early Thursday morning, and SpaceX caught a booster upon landing at its Texas facility later in the day, but neither launch was without failures.

Rough seas caused Blue Origin to hold off a planned early Friday launch attempt with is debut of New Glenn, which is now targeting early Sunday instead. SpaceX, though, managed liftoff later Friday with a booster flying for a record 25th time.

Blue Origin scrubs New Glenn's debut launch amid technical issues, keeping SpaceX's lead intact in the commercial space race.

Jeff Bezos’ company is gearing up to launch its New Glenn rocket, kicking off a year in which the industry anticipates to grow under the Trump administration.

The heavy-lift New Glenn rocket reached orbit during its maiden flight on Thursday, bringing Blue Origin, a private company founded by billionaire Jeff Bezos, one step closer to competing with launch titan SpaceX.

Blue Origin successfully launched the rocket after an attempt earlier in the week was scrubbed. The flight is a crucial test of the company’s ability to compete with Elon Musk’s SpaceX.

Elon Musk's SpaceX's Starship test flight ended in failure as the spacecraft exploded and broke apart, following a suspected fuel leak in the engine firewall.