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Billionaire Jeff Bezos to unveil plans for moon presence, sources say

by Admin
May 9, 2019
in Technology
Billionaire entrepreneur Jeff Bezos will unveil plans on Thursday for missions to the moon tailored to the U.S. government’s renewed push to establish a lunar outpost in just five years, people familiar with the matter said.
Bezos, the world’s richest man and chief executive of Amazon.com, is scheduled to host a rare media event at 4 p.m. EDT (2000 GMT) in Washington to provide “an update on our progress and share our vision of going to space to benefit Earth.”
Blue Origin spokeswoman Caitlin Dietrich did not respond to requests for comment.
Kent, Washington-based Blue Origin has been tight-lipped about its lunar strategy. But people familiar with the company’s plans, speaking on condition of anonymity, said Bezos is expected to lay out details on lunar missions and a lunar lander spacecraft that the company is developing. Blue has also discussed a human outpost on the moon.
U.S. Vice President Mike Pence in March called on NASA to build a space platform in lunar orbit and put American astronauts on the moon’s south pole by 2024 “by any means necessary,” four years earlier than previously planned. Bezos is likely to frame his strategy to align with that timeline in a bid to attract funds from the U.S. space agency, one of the people said.
One industry source said the company has been working to refine and accelerate its strategy after Pence’s comments.
The company dropped a possible hint about the announcement with a Twitter post last month of a picture of the ship used by explorer Ernest Shackleton on an expedition to Antarctica – a possible reference to an impact crater on the lunar south pole sharing the man’s name.
Bezos, who has talked about his broader vision of enabling a future in which millions of people live and work in space, has been intent on moving closer to commercialization.
But his vision is shared by other billionaire-backed private space ventures like Elon Musk’s SpaceX and aerospace incumbents like United Launch Alliance, a partnership between Boeing Co and Lockheed Martin.
Blue Origin is developing its New Shepard rocket for short space tourism trips and a heavy-lift launch rocket called New Glenn for satellite launch contracts. The company is aiming to deliver its New Glenn rocket by 2021, while launching humans in a suborbital flight later this year atop its rocket-and-capsule New Shepard.
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Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

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