They have planned that they will auction it in three phases:
May 5-19 – Sealed online bidding
You can bid any amount you want on the auction website
May 19 – Unsealed online bidding
The Bids are visible and the participants must exceed the highest bid to continue in the auction
June 12 – Live auction
The bidding concludes with a live auction
And the winning bid amount will be donated to Club for the Future, a foundation owned by Blue Origin to inspire future generations to pursue career opportunities in STEM and help invent the future of Life in Space.
And the highest bidder will have a once-in-a-lifetime opportunity to go to space. Even though the tickets would be hundreds of thousands of dollars or maybe even millions, this is a golden opportunity.
Requirements: The successful bidder has to go through several requirements for this experience. It’s about the ability to deal with heights, their medical condition, and many other things. Only after this, the bidder will be able to go on their 11-minute space joyride.
But the thing is that blue origin isn’t the only space venture company that does space tourism. SpaceX is another space venture company founded by Elon Musk. Elon Musk and Jeff Bezos are the top two richest people in the world. Their fields of business are entirely different but the one place where they share the same dreams is in their space ventures. Jeff Bezos and Elon Musk’s rivalry over their space venture companies are insane. In 2021 SpaceX won a $2.9 Billion contract with NASA. So Bezos filed a complaint about the contract being unfair.
The Japanese billionaire Yusaku Maezawa has started a project named DearMoon in which they make use of a SpaceX Starship on a private spaceflight flying a single circumlunar trajectory around the Moon. . The project objective is to have six to eight normal people travel with Maezawa for free around the Moon on a six-day tour.