Blue Origin suffered a major setback when its New Glenn rocket exploded during a test on the launchpad. On Pivot, Kara Swisher detailed the damage to the critical Cape Canaveral launchpad, noting that Jeff Bezos posted on X, "Very rough day, but we'll rebuild whatever needs rebuilding and get it back to flying. It's worth it." to reassure observers.
Her co-host Scott Galloway was less forgiving of the company's slow progress, joking that "Blue Origin is looking less like NASA and more like, I don't know, Neiman Marcus with propulsion."
On the All-In podcast, billionaire investor Bill Ackman weighed in on the competitive landscape. He expressed sympathy for the firm's struggles but noted the explosion is "not harmful to SpaceX," which continues to dominate the launch market.
Despite the setback, Blue Origin remains a key player with massive financial backing. The company must now rebuild its infrastructure and resolve this anomaly to preserve its multi-million dollar launch options and prove it can reliably compete in the commercial space race.