Getting to orbit is a big step. You can look at the history of SpaceX and Rocket Lab to get a grasp of what it takes -- hard to imagine a sub-orbital tourism company getting there without an injection of capital. Which, btw, is how Rocket Lab did it: they started with sounding rockets, proved that the knew what they were doing, then got a big round to go orbital.

No need for that, Jeff Bezos is funding Blue Origin with 1 billion each year by selling Amazon stock.

It hasn't exactly worked out for XCOR or Virgin Galactic, what will Blue Origin's edge be?

A huge reserve of capital and the long-term vision necessary to do every piece right.

XCOR filed for bankruptcy. That’s not profitable.

Virgin Galactic isn’t a profitable company either. They could be, of course.

My point was that you can start with a small company with a well-defined goal and product then continue to grow the vision, as long as you remain profitable.

Yeah I don't disagree here, my point was that Blue Origin's particular goal and product bootstrapping from space tourism has already been tried and more or less failed. Whereas Musk's/SpaceX's goal is to get a Mars colony going, they started with something different than space tourism and it seems to be working out.

Virgin Galactic hasn’t failed yet. Someone was killed so they’ve been extremely cautious.

Bezos is a good business person. It’s quite possible he’ll run thin margins and grow the business.