Amazon.com Inc founder Jeff Bezos brother will fly to space next month on the first space flight from his rocket company Blue Origin, the billionaire said on Monday.

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"Ever since I was five years old, I`ve dreamed of traveling to space. On July 20th, I will take that journey with my brother," Bezos said in an Instagram post.

 

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The process will last until June 10 and conclude in a final phase on June 12, with a live online auction.

The company is targeting July 20 for its first suborbital sightseeing trip on its spacecraft, a landmark moment in a competition to usher in a new era of private commercial space travel.

Reuters reported in 2018 that Blue Origin was planning to charge passengers at least $200,000 for the ride, based on an appraisal of rival plans from billionaire Richard Branson`s Virgin Galactic Holdings Inc and other considerations, though its thinking may have changed.