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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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Once a $40 billion fintech darling, Checkout.com is now valued at $12 billion

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Once a  billion fintech darling, Checkout.com is now valued at  billion

Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking at the annual Web Summit technology conference in Lisbon, Portugal, in 2022.

Horacio Villalobos | Getty Images

LONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out.

The London-headquartered payments platform said Friday that it plans to launch a share buyback initiative for employees to “provide them with a path to liquidity.”

The share buyback program is based on a new internal valuation of $12 billion, Checkout.com said. Although internal, the valuation marks a significant drop from its last fundraising round — Checkout.com was valued at $40 billion in a $1 billion funding round in 2022.

The company previously lowered its internal valuation to $11 billion in 2022, and then again to $9.35 billion in 2023. Checkout.com says it regularly monitors the value for its employees in its share incentive program.

The fintech competes with payment service providers such as Stripe, Adyen and PayPal. The company processes billions of dollars in transactions every year for the likes of eBay, IKEA and Sainsbury’s.

Such share sales have proven an increasingly popular way for startups to offer longtime employees and other investors liquidity, particularly as tech companies stay private for longer amid a multi-year decline in initial public offerings.

Checkout.com says it is now on track to exceed a target of 30% core net revenue growth this year and is forecasting $300 billion in annual e-commerce payment volume.

“We are relentlessly focused on growth and innovation, particularly with the impact of AI and the expected rise of agentic commerce,” said Guillaume Pousaz, the company’s CEO and founder, in a press release.

Several other private fintechs have opted to allow employees to sell shares in recent months.

In February, Stripe announced a tender offer allowing early investors and employees to sell shares at a valuation of $91.5 billion. Revolut, meanwhile, earlier this month offered staff the chance to sell shares on the secondary market at a $75 billion valuation.

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NASA Marshall Space Flight Center director Joseph Pelfrey resigns

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NASA Marshall Space Flight Center director Joseph Pelfrey resigns

A crane towers above the mobile launcher 2 adjacent the Vehicle Assembly Building at Kennedy Space Center on Tuesday, July 22, 2025.

Richard Tribou | Tribune News Service | Getty Images

The director of NASA’s Marshall Space Flight Center, Joseph Pelfrey, announced his resignation from the role on Thursday, CNBC confirmed.

Pelfrey said in an email to employees at the space agency that as NASA focuses on its mission to return humans to the moon, it will be “important for agency leadership to move forward with a team they choose to execute the tasks at hand.”

The email also said Pelfrey would work with NASA leaders to “pursue new ways” to “serve our space program and our great nation.” Pelfrey wasn’t immediately available to comment.

NASA confirmed Pelfrey’s resignation and said in an email to CNBC that the agency is proceeding “with a public, open competition to find the next permanent director at one of the agency’s most important centers for human spaceflight.”

At Marshall Space Flight Center, in Huntsville, Alabama, Pelfrey oversaw “7,000 onsite and near-site civil service and contractor employees,” and “an annual budget of approximately $5 billion,” according to a NASA web page describing his responsibilities. The space center now employs over 6,000 people, according to the center’s official government website.

Pelfrey had planned an all-hands conference with Marshall employees this week that was canceled, said agency staffers, who asked not to be named to discuss sensitive matters. They said Pelfrey’s resignation came as a surprise.

The White House’s 2026 budget request, which has not yet been enacted into law, includes funding for the space agency. However, NASA’s resources have declined amid Trump administration budget cuts.

About 4,000 NASA employees left through a deferred resignation program offered by the agency, and others were let go through cuts initiated by the Department of Government Efficiency (DOGE), an effort that was led by Elon Musk during his days with the Trump administration.

The administration also defunded and compelled the closure of the NASA Goddard Institute for Space Studies, which was housed in a building owned by Columbia University in New York.

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Tesla’s continuing sales slump in Europe weighs on stock price

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Tesla's continuing sales slump in Europe weighs on stock price

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.

Gonzalo Fuentes | Reuters

Tesla shares fell more than 4% on Thursday after data out of Europe showed a continuing sales slump for the automaker, despite strong demand for fully electric vehicles in the region. 

Tesla EV registrations in Europe, a proxy for sales, fell by about 23% year-over-year in August, according to data from the European Automobile Manufacturers’ Association (ACEA) on Thursday.

There were 14,831 Tesla EV registrations in Europe last month, down from 19,136 in August 2024. In the first eight months of this year, Tesla EV registrations in Europe declined 32.6%, the ACEA said.

Meanwhile, total EV registrations throughout the region rose by around 26% through August compared to the same period in 2024. By contrast, registrations for petrol and diesel-powered vehicles declined by more than 20% over that stretch.

Still, RBC analysts wrote in a note on Thursday that they expect Tesla’s total deliveries for the third quarter could amount to 456,000, above a FactSet-compiled consensus of 448,000 deliveries and a Visible Alpha consensus of 440,000 deliveries.

The analysts expect a bump for Tesla as consumers rush to buy EVs in the U.S. before a $7,500 federal tax credit expires at the end of September.

Even with Thursday’s slide, Tesla’s stock has bounced back following a brutal start to the year. It’s now up 5% in 2025 after plunging 36% in the first quarter.

Musk’s political activism in the U.S. and beyond has hurt the Tesla brand and dampened its appeal to many prospective EV buyers.

Earlier this year, Musk endorsed Germany’s far-right AfD party, and this month he appeared by video at an anti-immigrant rally in the U.K. that turned violent. The rally was led by activist Tommy Robinson, a convicted fraudster with a violent criminal record.

British Prime Minister Keir Starmer rebuked Musk for “dangerous” comments that he made at the rally, where 26 police officers were injured. Musk told attendees, “violence is coming to you” and “you either fight back or you die.”

To revitalize interest in the brand, Tesla has said an affordable new model is in the works, which could help it fend off increased competition from the likes of Volkswagen, BYD and other EV makers that have been picking up market share.

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