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.

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.

Jeff Bezos, the second richest man in the world, successfully blasted off a 320-foot-tall rocket ship made by his Blue Origin company from Cape Canaveral, Florida, in the early hours of the morning. It made the company the first to successfully reach orbit on its first launch of an orbital-class rocket.

The scheduled Sunday launch could mark a new phase in competition in the commercial space market, and pave the way for the deployment of Amazon's Kuiper satellite network.

Jeff Bezos' Blue Origin successfully launched its reusable rocket, New Glenn, on January 16 from Florida. The rocket has an experimental platform designed to host satellites or deploy them into their correct orbits.

SpaceX founder Elon Musk congratulated his rival Jeff Bezos on the successful maiden test-launch of his heavy-lift rocket New Glenn on Thursday.

Shrugging off bad weather, Jeff Bezos' Blue Origin launched its powerful New Glenn rocket on its maiden flight early Thursday, lighting up a cloudy overnight sky as it climbed away from Cape Canaveral in a high-stakes bid to compete with Elon Musk's industry-leading SpaceX.

Tesla CEO and Amazon founder vie for dominance of satellite launch market and could influence Nasa plans to return to Moon

Jeff Bezos' spaceflight company Blue Origin on Thursday launched its new mega-rocket, called New Glenn, into orbit for the first time. The rocket lifted

A milestone moment for Blue Origin as New Glenn achieves orbital success, earning accolades from rival Elon Musk.

Elon Musk congratulated Jeff Bezos following Blue Origin's New Glenn rocket successfully reaching orbit on its first flight, expressing his admiration on social media.