Why in news ?

Amazon founder and billionaire Jeff Bezos’s space company named Blue Origin has concluded the online auction for the first seat on the New Shephard rocket system. It is a rocket system meant to take tourists to space.

About:

• New Shephard is a reusable rocket system that has been designed to take astronauts and research payloads past the Karman line – the internationally recognized boundary of space.
• Built by: The rocket system has been built by Blue Origin, space company of Amazon founder Jeff Bezos.
• Named after: The rocket system has been named after astronaut Alan Shephard – the first American to go to space.