It's Monday June 7th. Welcome to Marketfoolery. I'm Chris Hill with me today. Jason Moser.

Good to see you. Hey, good to see you. We're going to talk travel and lodging. We've got news from the sexy world of concrete, but we are going to start with the hottest new sci-fi series.

Bezos in space. Yes, Amazon CEO Jeff Bezos announced that on July 20th, when Blue Origin makes its first space flight with humans on board, he will be in fact one of those humans, and I'm not going to lie when I first saw this story, I just like my heart was in my throat for just a second.

And then I took a deep breath and I thought, you know what? He knows what he's doing and he'll be two weeks out of the CEO chair by then. So he can do what he wants. And this is, this is, is this a good sign for Amazon shareholders like me who are hoping that Andy Jassy is going to get to run the company for a while?

Like because when I thought about it a little more, I thought, well, maybe he really is going to lean into Blue Origin and he'll be the executive chairman of Amazon, but he's not going to be looking over Jassy's shoulder 24 seven.

You know, I think that Amazon is in a position, the Amazon, the business is in a position today where it can, it can handle something like this. I mean, I, I must admit, and I mean, I, I don't mean to get morbid. I mean, I read a headline like this and immediately my mind goes to, oh my God, this is just shaping up to be one of those situations in hindsight where something bad happens and you just, you know, it just it could have been avoided or whatever.

I think that's probably human nature in a lot of cases when you're talking about something so uncertain as space travel. I mean, now, now the flip side to that is, and I think that investors in Amazon, I'm one, should, should take solace in knowing that this business is, I think that Amazon, the business has transcended Jeff Bezos at this point.

I really do believe that Amazon is in a position today where it can, it can move forward, it can grow, it can continue to prosper, even with Jeff Bezos, not at the helm. And if you're in a position like that, which is a nice, nice situation.

Then I mean, I, you can't really hold it against Bezos for wanting to do this. I mean, when you look into what's going on here, I mean, this ultimately really is like a, this is a childhood dream of his.

And so anybody who ever has the opportunity to actually fulfill a childhood dream, I mean, it's really hard to argue against doing something like that.

I'm not surprised at all to see this. And so honestly, to me, what this is, the more interesting implication for investors is to think about, you know, we talk about companies and like, what's their second act?

You know, what are they going to do next beyond their core competency? And I think that in this case, this, you know, we're looking, we're watching Jeff Bezos' second act kind of start to play out here.

I mean, Blue Origin itself has been a passion of his for a long time. I think in its first iteration, it was founded back in 2000, I think.

So it's been around for a while.

It reminds me of the, you know, the book that we've talked about it before, the book that Christian Davenport wrote called the spacebearance.

We, you know, we have the good fortune interview Christian on the on the molecule money radio show.

There's a story in there that talks about how back in, I think it was 2013.

Jeff Bezos had just sort of this itch where he undertook this insane multi-million dollar deep sea exploration to go recover the F1 engines from Saturn V, which was, you know, that was the Apollo missions from back in the late 60s, early 70s.

Like these F1 engines that release from the exploration and they, you know, they, they, from the launch, they drop down into the middle of the ocean.

Just, you assume they're gone forever. Well, Bezos said, you know what, man, I need, I need those.

So he, he funds and goes on this multi-million dollar three, four, five week exploration in the deep sea to pull these F1 engines up.

And, and that, that to me is, is just one small little example of his passion for this, for this space, no pun intended.

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