Blue Origin's New Glenn finally roared into orbit in the early hours of Thursday, with SpaceX's Starship rocket set to launch hours later.

Jeff Bezos' spaceflight company Blue Origin on Thursday launched its new mega-rocket, called New Glenn, into orbit for the first time. The rocket lifted

The scheduled Sunday launch could mark a new phase in competition in the commercial space market, and pave the way for the deployment of Amazon's Kuiper satellite network.

SpaceX launched Starship on Thursday for a seventh test flight, after weather concerns pushed back an experiment that will feature the spacecraft’s first payload deployment test, and while it successfully caught the Super Heavy Booster, Starship lost connection and “experienced a rapid unscheduled disassembly.”

Named after the first American to orbit Earth, the New Glenn rocket blasted off from Florida, soaring from the same pad used to launch NASA’s Mariner and Pioneer spacecraft a half-century ago.

Tesla CEO and Amazon founder vie for dominance of satellite launch market and could influence Nasa plans to return to Moon

Blue Origin, Amazon founder Jeff Bezos' space company, launched its large rocket for the first time early Thursday.

The New Glenn rocket was due to take off from Cape Canaveral in Florida for the first time in the early hours of Monday morning but the launch was cancelled after several delays

Elon Musk's SpaceX's Starship test flight ended in failure as the spacecraft exploded and broke apart, following a suspected fuel leak in the engine firewall.

Elon Musk, has struck yet again. The world’s richest man has been sharing a series of posts and memes about himself and fellow billionaire Jeff Bezos to debunk all the rivalry rumors between Musk's SpaceX and Bezos' Blue Origin in space exploration and the satellite internet business.

There will be many moving parts for the U.S. economy and for financial markets as the second Trump administration makes its mark on regulation and trade policies. One of Trump's consistent opinions has been that a weaker dollar is good for the U.S. economy because it can boost exports.