The successful launch of Blue Origin’s massive new rocket is a key step that may allow the company to compete with Elon Musk’s SpaceX.

Blue Origin launched its massive new rocket on its first test flight Thursday, sending up a prototype satellite to orbit thousands of miles above Earth. Named after the first American to orbit Earth,

The world’s second richest man has now got a rocket in space alongside the world’s richest man, after Jeff Bezos' Blue Origin rocket entered orbit. The spacecraft, called New Glenn, passed the Kármán line—the internationally recognised boundary of space—at around 2 a.