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Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC.
Mark Wilson | Getty Images

Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came back to Earth.

At least 11 key leaders and senior engineers have left Blue Origin this summer, CNBC has learned, with many moving on in the weeks after Bezos’ spaceflight.

Two of the engineers, Nitin Arora and Lauren Lyons, this week announced jobs at other space companies: Elon Musk’s SpaceX and Firefly Aerospace, respectively.

Others quietly updated their LinkedIn pages over the past few weeks.

Each unannounced departure was confirmed to CNBC by people familiar with the matter. Those departures include the following people: New Shepard senior vice president Steve Bennett, chief of mission assurance Jeff Ashby (who retired), New Glenn senior director Bob Ess, New Glenn senior finance manager Bill Scammell, senior manager of production testing Christopher Payne, senior propulsion design engineer Dave Sanderson, senior HLS human factors engineer Rachel Forman, propulsion engineer Rex Gu, and rocket engine development engineer Gerry Hudak.

Those who announced they were leaving Blue Origin did not specify why, but frustration with executive management and a slow, bureaucratic structure is often cited in employee reviews on job site Glassdoor.

A company spokesperson emphasized Blue Origin’s growth in a statement to CNBC.

“Blue Origin grew by 850 people in 2020 and we have grown by another 650 so far in 2021. In fact, we’ve grown by nearly a factor of four over the past three years. We continue to fill out major leadership roles in manufacturing, quality, engine design, and vehicle design. It’s a team we’re building and we have great talent,” the spokesperson said.

Some of the engineers who left were part of Blue Origin’s astronaut lunar lander program. Bezos’ company lost its bid for a valuable NASA development contract in April when SpaceX was announced as the sole awardee under the space agency’s Human Landing System (HLS) program, winning a $2.9 billion contract.

But, despite the Government Accountability Office last month denying Blue Origin’s protest of NASA’s decision, the company has continued to escalate its fight to be a part of the Human Landing System program. Blue Origin company first launched a public relations offensive against SpaceX’s Starship rocket and then, on Monday, sued NASA in federal court.

A $10,000 bonus

Jeff Bezos pops champagne after emerging from the New Shepard capsule after his spaceflight on July 20, 2021.
Blue Origin

The company has nearly 4,000 employees around the U.S., with its headquarters near Seattle in Kent, Washington, as well as facilities in Cape Canaveral, Florida; Van Horn, Texas; and Huntsville, Alabama.

Shortly after Bezos’ July 20 spaceflight, Blue Origin gave all of its full-time employees a $10,000, no-strings-attached cash bonus, multiple people familiar with the situation told CNBC. None of Blue Origin’s contractors received the bonus, which was paid out to employees on July 30. The company confirmed the bonus, with a spokesperson noting that it was intended as a “thank you” for achieving the milestone of launching people to space.

Internally, two people told CNBC that the bonus was perceived as the company’s leadership attempting to entice talent to stay – in response to the number of employees filing notices to leave after launching its first crew to space and back safely.

A look at Glassdoor reveals a sharp disparity in employee satisfaction with Blue Origin’s leadership when compared to other top space companies. According to Glassdoor, just 15% of Blue Origin employees approve of CEO Bob Smith – versus 91% for Elon Musk at SpaceX or 77% for Tory Bruno at United Launch Alliance.

The HLS fight

A mockup of the crew lander vehicle at NASA’s Johnson Space Center in August 2020.
Blue Origin

NASA’s Human Landing System program is one of the critical pieces of the agency’s plan to return U.S. astronauts to the surface of the moon, known as Artemis.

Last year, NASA handed out nearly $1 billion in concept development contracts for HLS – with SpaceX receiving $135 million, Leidos‘ subsidiary Dynetics receiving $253 million, and Blue Origin receiving $579 million. The space agency then expected to award two of those three companies with hardware development contracts this year, but, following a shortfall of request funding for HLS from Congress, NASA decided to give only SpaceX a contract, worth about $2.9 billion.

Blue Origin and Dynetics each quickly filed protests with the U.S. Government Accountability Office, which halted NASA’s work on the program until the protests could be resolved. The GAO on July 30 upheld NASA’s decision. On Aug. 16, Blue Origin took its battle a step further, suing NASA in the U.S. Court of Federal Claims.

NASA has paid $300 million of its SpaceX’s contract so far, with the payment made on the day the GAO denied the protests. However, the space agency’s work on HLS has once again halted – this time due to the Blue Origin lawsuit, according to court filings on Thursday – and will not resume until Nov. 1.

Major delays

Billionaire businessman Jeff Bezos is launched with three crew members aboard a New Shepard rocket on the world’s first unpiloted suborbital flight from Blue Origin’s Launch Site 1 near Van Horn, Texas, July 20, 2021.
Joe Skipper | Reuters

Blue Origin has struggled to deliver on multiple major programs since Bezos hired Smith as CEO in 2017. Bezos founded the company in 2000, with the goal of creating “a future where millions of people are living and working in space to benefit Earth.” Delays – although common in the industry in which the adage “space is hard” is persistently heard – have pushed back Bezos’ vision, highlighted by the departure of Blue Origin’s chief operating officer late last year.

Bezos launched to the edge of space as one of the members of the first crew onboard Blue Origin’s reusable New Shepard rocket. While the company has not disclosed pricing, New Shepard competes with Virgin Galactic in the realm of sub-orbital space tourism, with Blue Origin having sold nearly $100 million worth of tickets for future passenger flights. Although the first crewed New Shepard launch was a smooth success, Blue Origin’s leadership had previously expected the rocket to begin launching people by the end of 2017.

An artist’s illustration of a New Glenn rocket standing on the launchpad in Florida.
Blue Origin

New Glenn is the reusable, next-generation rocket that Blue Origin is developing but has yet to launch. Originally slated for an inaugural flight in 2020, the first New Glenn is not expected to liftoff until the fourth quarter of 2022. That’s despite Blue Origin receiving $255.5 million from the U.S. Air Force to help develop the rocket. But the Pentagon did not choose New Glenn for further contracts when the Department of Defense last year selected SpaceX and United Launch Alliance (ULA) for multiple awards, cumulatively worth billions of dollars – a loss that Blue Origin cited when it announced New Glenn’s delay.

BE-4 engine test at Blue Origin’s West Texas launch facility.
Blue Origin

Blue Origin’s third major program is its stable of rocket engines, headlined by the BE-4 engine that will power its New Glenn rocket. The company previously stated that its BE-4 engines would be “ready for flight in 2017.”

However, four years later, development issues and a lack of hardware for testing quickly mean Blue Origin has yet to deliver its first flight engines, ArsTechnica reported earlier this month. The company is pushing to have two BE-4 engines ready by the end of this year. Notably, BE-4 is important beyond Blue Origin, as ULA signed a deal to use the engines to power its Vulcan rockets, choosing Blue Origin over Aerojet Rocketdyne as its supplier. ULA is pushing to have its first Vulcan rocket ready to launch by the end of this year, and Blue Origin’s BE-4 engines are expected to be a, if not the, final piece added before launch.

Bezos has spent the majority of his time in the past two decades focused on Amazon, but along the way has steadily sold pieces of his stake in the tech giant to fund Blue Origin’s development — to the tune of $1 billion a year, or possibly more. Last month, Bezos stepped down as Amazon CEO, with many in the space industry expecting him to spend more time focusing on his space company.

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UFC’s Dana White joins Meta’s board weeks before Trump takes office

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UFC's Dana White joins Meta's board weeks before Trump takes office

Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event.

Jeff Bottari | Ufc | Getty Images

Dana White, CEO of the Ultimate Fighting Championship and a longtime friend of President-elect Donald Trump, is joining the board of Facebook parent Meta two weeks before the new Trump administration begins.

Meta CEO Mark Zuckerberg, who had a particularly tense relationship with Trump during the president-elect’s first term in office, said in a Facebook post Monday that White has built the UFC “into one of the most valuable, fastest growing, and most popular sports enterprises in the world.”

“I’ve admired him as an entrepreneur and his ability to build such a beloved brand,” Zuckerberg said in the post.

Zuckerberg has been practicing mixed martial arts in recent years and has attended several UFC events, underscoring his enthusiasm for the combat sport.

In 2023, Zuckerberg tore his ACL during a sparring session as part of training for a competitive MMA fight. That year, Zuckerberg and Tesla CEO Elon Musk traded verbal barbs and indicated that they were willing to fight each other in a match that White would help produce. But Zuckerberg later said the fight was off because Musk wasn’t “serious.”

White appeared with Trump onstage on election night in November after the victory was in hand.

“This is what happens when the machine comes after you,” White said, after being introduced by Trump. “What you’ve seen over the last several years, this is what it looks like. Couldn’t stop him, he keeps going forward, he doesn’t quit, he’s the most resilient hardworking man I’ve ever met in my life.”

Last month, Meta confirmed that the company had donated $1 million to Trump’s inaugural fund. Zuckerberg was also one of several tech executives who visited Trump at his Mar-a-Lago resort in Palm Beach, Florida, following the election.

Musk has had his own connections to UFC in the recent past. In 2021, Musk joined the board of Ari Emanuel’s Endeavor Group, which owns the UFC through TKO Group Holdings. He exited a year later.

Other new members of Meta’s board include John Elkann, the CEO of Italian holding company Exor, and former Microsoft head of corporate strategy Charlie Songhurst, Zuckerberg said.

Elkann is chairman of Exor’s automobile companies Stellantis and Ferrari, while Songhurst has spent the previous year on Meta’s advisory group helping the company with its artificial intelligence and technology strategies, Zuckerberg added.

“We have massive opportunities ahead in AI, wearables, and the future of social media, and our board will help us achieve our vision,” Zuckerberg said.

WATCH: AI needs to deliver results

Meta: Here's why Rosenblatt Securities has set a price target of $811 for the stock

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Cryptocurrencies rise to start the week, bitcoin jumps above $102,000

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Cryptocurrencies rise to start the week, bitcoin jumps above 2,000

The photo illustration shows the Bitcoin cryptocurrency on November 12, 2024 in Shanghai, China.

Vcg | Visual China Group | Getty Images

The price of bitcoin leapt back above $100,000 to start the first full trading week of the new year.

The flagship cryptocurrency was last higher by about 4% at $102,234, according to Coin Metrics. The broader crypto market, as measured by the CoinDesk 20 index, gained more than 3%. Bitcoin and ether are coming off their best weeks since Dec. 6, while Solana had its best week since Nov. 22.

“Overall, we are in a bullish environment and traders appear to be risk-on as we head into the new year,” Mario Jurina, CEO at crypto swaps platform Jumper.Exchange. “With Trump’s election set to be certified today, and January often being a bullish month — six of the past 10 years saw positive price action — it’s no wonder markets are moving upward.”

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Bitcoin rises above $100,000 to start the week

The moves in crypto coincided with a rebound in tech stocks as Nvidia and shares of other chip names jumped. The tech-heavy Nasdaq was last higher by about 1.7%.

Crypto stocks Coinbase and MicroStrategy advanced nearly 6% and 5%, respectively. MicroStrategy Monday morning reported it has purchased another 1,070 bitcoins for about $101 million, bringing its total bitcoin holdings to 447,470.

Activity is coming back into the crypto market after a post-election rally that was driven by promises of a more supportive regulatory environment. The optimism sent prices rocketing for weeks before cooling at the end of the year. The price of bitcoin is expected to roughly double under the new administration this year, with some price predictions, like Fundstrat’s Tom Lee’s, being as high as $250,000.

Don’t miss these cryptocurrency insights from CNBC Pro:

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Amazon’s Ring announces smart smoke alarm as CES tech palooza kicks off

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Amazon's Ring announces smart smoke alarm as CES tech palooza kicks off

Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California. 

Justin Sullivan | Getty Images

Amazon‘s Ring is partnering with fire safety product maker Kidde to launch a connected smoke alarm, the company announced Monday at the Consumer Electronics Show in Las Vegas.

The companies plan to launch Kidde smoke and carbon monoxide alarms that integrate Ring’s home security technology and can deliver alerts to the Ring mobile app. The Kidde Smart Smoke Alarm with Ring will cost $54.97, while the Kidde Smart Smoke and CO Alarm with Ring will cost $74.97. Both products will ship in April.

As part of the launch, Ring will also roll out a $5-per-month subscription service that gives users access to round-the-clock professional monitoring and emergency dispatchers.

Amazon acquired Ring in 2015 for a reported $1 billion. The home security company is primarily known for its video doorbell devices, which allow users to record activity in front of their homes, though it has expanded to include a portfolio of products ranging from camera-equipped floodlights to flying security camera drones.

Amazon doesn’t disclose unit sales for its Ring division, but Ring and rival home security company SimpliSafe comprise one-fifth of the U.S. market for professional monitoring systems, according to data from market research firm Parks Associates. Ring CEO Liz Hamren, who took the helm from founder Jamie Siminoff in March 2023, told Bloomberg last May that the company “recently” became profitable.

Users aren’t required to subscribe to Ring Home, the company’s program that enables video recording storage and other security features, in order to access the new smoke alarm service.

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