In an email to employees, the company’s chief executive said the company had become bloated during its growth in recent years.

The successful flight to orbit of the Amazon founder’s powerful rocket suggests it could grow into a credible competitor with Elon Musk’s SpaceX.

Blue Origin, the aerospace company founded by Amazon's Jeff Bezos, successfully launched its massive New Glenn rocket on its first test flight, marking a significant milestone in the company's quest to provide reliable access to space.

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Jeff Bezos’ space travel company Blue Origin canceled the debut launch of its massive new rocket early Monday citing technical trouble.

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If New Glenn lifts off on Monday as planned, the Amazon founder’s rocket company will be on track to give Elon Musk’s SpaceX some genuine competition.

The company, owned by the Amazon founder Jeff Bezos, also received approval from the Federal Aviation Administration to launch the vehicle to orbit.