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Jeff Bezos’ New Yacht Is Finally Ready to Set Sail

Amazon’s founder has been spotted on Koru, a massive schooner with a design that evokes the golden age of sailing in the early 20th century.

By Kevin Koenig

Just in time for the high season of yachting in the Mediterranean, when multimillion-dollar megayachts descend on ports like Monte Carlo and St. Tropez, Jeff Bezos, the founder of Amazon, has been photographed with his partner Lauren Sánchez on his new boat, Koru, off the coast of Spain.

Mr. Bezos’ vessel is a sailing yacht, a departure from the diesel-powered, floating palaces popular with other billionaires. But it is still massive. At 417 feet, Koru is the world’s largest sailing yacht, according to Boat International , and it cost an estimated $500 million to build, Bloomberg reported . (Parsifal III, the boat featured on Bravo’s reality series “Below Deck Sailing Yacht,” is 177 feet long — less than half the length of Koru — and cost $18 million , according to the website SuperYachtFan.)

A spokesperson for Mr. Bezos did not comment for this article; neither did Oceanco, Koru’s builder. Here is what to know about the boat.

For traditionalists, Koru is refreshing. At a time when yacht design skews outrageous — see the lizardlike, 262-foot Artefact or the otherworldly 463-foot Yas — Koru stands out as a schooner, a sailing vessel with two or more masts. Photos reveal a large sailboat with three masts, an on-deck pool and a voluptuous mermaid on the bow, that bears a resemblance to Ms. Sánchez. But otherwise, the sleek, classic lines suggest the patrician age of yachting in the early 20th century, said Robert B. MacKay, author of “The Golden Age of Newport Yachting: Between the Wars.”

“With the clipper bow and the dark hull and the masts,” Mr. MacKay said, referring to Koru’s concave, pointy forward section, “it reminds me of a boat built in 1930 for J.P. Morgan Jr., Corsair IV. It is almost like a reincarnation. It’s certainly at odds with the stuff the oligarchs are building — those look like bloated Clorox bottles.”

Compared with the world’s very largest motor yachts — built for sheer size and the accompanying bragging rights — Koru could almost be considered quaint. Azzam, one of the world’s largest motor yachts, is nearly 200 feet longer.

The Experience

Koru will be propelled primarily by the wind. “Sailboats are usually greener than most powerboats,” said Don Anderson, a former captain of M5 , the world’s largest single-masted sailboat, at 256 feet. “I’d like to think that Koru will be one of the most ecological yachts out there, with its sails and also with the technology that will be aboard.”

“When you’re on a sailboat, you’re more in touch with the wind and the waves than on a powerboat,” he continued. “You’re more susceptible to the elements, too. But you can leave California, and once you get past the Catalinas you can basically surf downwind all the way to Hawaii. All you need to do is run with the waves.”

Mr. Bezos has been a guest on similar boats, according to Bloomberg: In 2019, he was spotted on Eos , a 305-foot sailing yacht owned by Barry Diller and Diane von Furstenberg.

Bill Tripp, a Connecticut-based naval architect, said the appeal of this type of boat is clear: “When you are on a powerboat, you ask, ‘Are we there yet?’ and on a sailboat, you’re enjoying the ride and the ocean so much that you don’t ask that question.”

Koru will be trailed by Abeona, a 246-foot support vessel. Superyachts often have support vessels following along behind them. These “shadows,” as they are colloquially known, are for the “toys” — the ATVs, supercars, seaplanes, motorcycles, smaller boats, scuba gear, personal submarines and even helicopters that pleasure boaters might bring on a trip. According to its builder, this model of boat can carry these gadgets along with dozens of crew members. (Ms. Sanchez flies helicopters, and the couple was recently photographed taking a helicopter to board Abeona and then Koru.)

Abeona, a motor yacht, will have enough range to follow Koru from the Mediterranean to the Caribbean — a common course for yachts — on a single tank of gas.

The Kerfuffle

Koru set off a controversy last year — before it was even completed — in a face-off with the Dutch city of Rotterdam. The boat was built at Oceanco’s facility in Alblasserdam, the Netherlands, and needed to pass the historic Koningshaven Bridge, known as “De Hef,” in Rotterdam, to undergo testing in the North Sea.

When the city announced it would dismantle the bridge to allow the boat and its mainmast — an estimated 230 feet tall — to pass through unscathed, locals were angry. They planned a protest to throw eggs at the yacht as it cruised by. In the end, the bridge was not taken apart, and the yacht was towed to a different location to have its masts attached.

Koru is Maori for “coil” or “loop” and refers to the unfurling of a fern frond. The koru design is common in traditional Maori art, where it symbolizes new life, growth and peace. Mr. Bezos included a photo of a koru frond in an Instagram post on Jan. 1, 2022.

Brad Stone, who was the first to report on Koru, in his 2021 book “Amazon Unbound: Jeff Bezos and the Invention of a Global Empire,” said the name was “consistent with where we see him today.”

“He is no longer this single-minded tech guy,” Mr. Stone said. “He’s in media and Hollywood and has a new relationship.”

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Sailing yacht KORU: What we know so far about Jeff Bezos’ 127 meter yacht

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By Nina Done   15 December 2022

Recent footage showcasing the vast proportions of the Amazon founder’s new 127m (417ft) Oceanco sailing yacht KORU , known throughout her build as Project Y721, has provided some valuable insight into one of the yachting industry’s best-kept secrets.

The megayacht’s specifications and amenities had been kept completely under wraps until she was forced to move from the Dutch yard’s primary facilities in Alblasserdam to get her masts fitted elsewhere in order to avoid dismantling the Koningshaven Bridge after huge public backlash. 

In August, the yacht was spotted in the Port of Rotterdam after her trio of masts had been successfully stepped, with pictures barely doing justice to the monolithic proportions of the sailing spars, reportedly up to 70-80 meters tall.

World yacht rankings

KORU will replace Oceanco’s BLACK PEARL for second place in the world's largest sailing yacht rankings behind Nobiskrug's 143m (469ft) sailing yacht A .

Oceanco's newest yacht is understood to have an internal volume of 3,300 GT and will undoubtedly offer a wealth of luxurious accommodation and amenities. Although we have scant information about the yacht's features, we do know that she will have an aft dip pool along with a further Jacuzzi on her sundeck and variety of alfresco social spaces. She also has a crow's nest attached to her central mast, offering lofty panoramic views for her more adventurous guests.

From the pictures we can see KORU also benefits from full-length windows across her superstructure allowing plenty of light to infuse her interiors. 

Design inspiration

Built with a steel hull and aluminum superstructure with teak decking, she reportedly takes her design cues from the 93-meter Lürssen sailing yacht EOS , perhaps inspired by the entrepreneur’s visits to this yacht in previous years. 

Showcasing a midnight-blue hull with a distinctive red stripe running along her waterline, KORU’s exterior styling mirrors this traditional schooner style, with an elongated bowsprite and canoe stern. Another similar style yacht is the 90m (295ft) Royal Huisman sailing yacht ATHENA . 

Kinetic energy technology

As expected from a tech entrepreneur, known for pushing boundaries and driving innovation, sailing yacht KORU will be trialing a prototype for a new kinetic energy recovery system. This is based on a conversion of wave induced motion, heave, pitch and roll into electric energy, with initial tests showing early promise. 

With a nod to her green credentials, this will provide an additional power source for the yacht allowing for more sustainable cruising.

Tenders and toys

Access to sailing yacht KORU will be via folding passerelles, discreetly hidden in the yacht's hull on either side. Rescue and work tender launches will likely take place further forward, as per regulations. Recent pictures show a large hatch opening in her lower deck aft, which may contain further tenders and toys, but may also double as a beach club. 

Sailing yacht KORU comes complete with a support vessel built by Damen Yachts, reportedly known as 75 meter (247ft) yacht WINGMAN .

Once delivered, it is understood that she will act as an official support boat for the sailing yacht , carrying the larger toys, including a submarine for thrilling excursions beneath the waves, plus a helicopter and landing pad. She is also believed to play host to an array of PWCs, with rumors of a speed boat and luxury car adding to the fleet, as well as providing accommodation for additional crew and staff.

When is sailing yacht KORU expected to be delivered?

From here she will undertake the all-important rounds of sea trials before being delivered to her owner sometime in the new year. It is understood that the yacht will be officially christened KORU upon delivery, and will operate under the Cayman Islands' flag. It is not believed that superyacht KORU will be available to charter. 

If you'd like to learn more about chartering a yacht, please get in touch with your chosen yacht charter broker . Alternatively, view all superyachts available for charter .

Large sailing yachts available for charter

88m Perini Navi 2006 / 2023

86m Oceanco 2016

76m Damen Oranjewerf 2000 / 2009

65m Camper & Nicholsons 1927 / 1985

64m Van der Graaf 2010

64m Segel Masten Yachten 2011 / 2021

63m Holland Jachtbouw 2010 / 2023

57m Aegean Yacht 2009

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Jeff Bezos’ Magnificent KORU Yacht and ABEONA Support Vessel

The KORU yacht is a 127 meter sailing yacht built in the Netherlands by Oceanco and delivered in 2023. She was designed by Dykstra Naval Architects with the the interior of the yacht designed by Mlinaric, Henry & Zervudachi.

In the world of luxury yachting, few names command as much attention as Jeff Bezos, the founder of Amazon and one of the richest individuals on the planet.

Bezos’ affinity for the sea and his penchant for exploration have materialized in the form of the breathtaking sailing yacht KORU and its companion, the support vessel ABEONA.

Commissioned from renowned shipbuilders Oceanco and Damen Yachting, respectively, these vessels are not only a testament to Bezos’ wealth but also a celebration of Māori culture and innovation in yacht design.

The Marvel of Modern Yacht Design: KORU Yacht

The KORU yacht, also known as Y721, is a masterpiece crafted by the acclaimed Oceanco shipyard. With a remarkable length of 127 meters (417 feet), the yacht exudes luxury and grandeur in every aspect. Launched in April 2023, KORU stands as a tribute to Māori art and culture, as evident from its name and styling.

The Māori word “koru” signifies a loop or coil, symbolizing new life, growth, strength, and peace. This symbolism resonates throughout the vessel, creating an immersive experience that pays homage to the essence of Māori art.

Inside the KORU yacht, guests are treated to a world of unparalleled luxury. The yacht boasts a large swimming pool on the aft deck, inviting guests to bask in the sun while surrounded by the beauty of the open sea.

Accommodating up to 18 guests and serviced by a crew of approximately 40, KORU offers a perfect balance between privacy and service.

The yacht’s interiors are a testament to meticulous design and craftsmanship, with each detail meticulously chosen to provide the highest level of comfort.

The Symbolism of KORU’s Name

The choice of the name “KORU” for the yacht holds deep significance. In Māori culture, the koru symbolizes new beginnings, growth, and the cycle of life.

It is often represented as an unfolding fern frond, embodying the concepts of renewal and continuous movement. Jeff Bezos, in an Instagram post , highlighted the symbolism behind the name, showcasing his embrace of growth, rebirth, and mindfulness.

ABEONA: The Perfect Companion

No luxury yacht is complete without a support vessel that complements its grandeur. Enter ABEONA, a 75-meter (246-foot) support vessel commissioned by Jeff Bezos.

Built by Damen Yachting, ABEONA serves as the perfect adjunct to the KORU yacht. This custom-built vessel carries all the toys, tenders, and equipment needed to enhance the yachting experience.

With a large helicopter hangar and the capacity to accommodate 45 staff, crew, and guests, ABEONA stands as an indispensable asset to the main yacht.

The Visionary Behind the Vessels: Jeff Bezos

With a staggering net worth of $160 billion, Jeff Bezos is not only a pioneer in the world of e-commerce but also a visionary with a passion for the sea.

The commissioning of the KORU yacht and the ABEONA support vessel reflects Bezos’ love for exploration and his desire to embrace the vastness of the ocean.

Bezos’ affinity for the sea is also reflected in his ownership of a Gulfstream G650ER private jet, showcasing his penchant for luxury both in the air and on the water.

Oceanco: The Pioneers of Luxury Yacht Building

The Oceanco shipyard has carved a name for itself as a pioneer in the luxury yacht industry. Established in 1987, Oceanco has consistently pushed the boundaries of design, craftsmanship, and innovation.

KORU, with its classic schooner design, stands as a testament to Oceanco’s commitment to creating vessels that are not only luxurious but also artistically inspired.

KORU yacht summary

The KORU yacht and its companion ABEONA support vessel stand as testaments to Jeff Bezos’ love for the sea, his appreciation for Māori culture, and his affinity for luxury and exploration.

These vessels, crafted with precision by Oceanco and Damen Yachting, redefine the boundaries of yacht design and innovation.

As Jeff Bezos embarks on journeys of discovery aboard these vessels, he continues to inspire awe and admiration among yachting enthusiasts and the world at large.

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Jeff Bezos’s $500 Million Megayacht Was Spotted Undergoing Test Trials in the North Sea

The amazon founder's y721 koru from oceanco has finally hit the high seas., louisa ballhaus, louisa ballhaus's most recent stories.

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Jeff Bezos has a new toy in the works, and it looks like he’s making sure it’ll be ready for summertime travels.

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Bezos ran into some trouble earlier this year when it came out that the Koningshaven Bridge in the Netherlands might have to be dismantled to let Y721 Koru pass through, as the megayacht’s 229-foot masts exceeded the bridge’s 131-foot clearance. City officials briefly agreed to disassemble the bridge but then decided against it in the face of public backlash, according to The New York Times. That negative reaction included a threat from residents to show up and pelt rotten eggs at the $500 million behemoth.

Oceanco, the company that built Y721 Koru, ultimately decided against applying for the permit that would be required for dismantling Koningshaven Bridge, and the boat was instead quietly towed to another shipyard without its mast.

Bezos’s completed yacht will be accompanied by a 246-foot-long “shadow yacht” called YS7512, Damen Yacht’s largest-ever support vessel. It will fit 45 people onboard, feature a helicopter hangar and storage for Jet Skis and other water toys and is reportedly called Abeona , according to Boat International .

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Jeff Bezos Yacht Koru, The Largest Sailing Yacht

Jeff Bezos Yacht Koru A Controversial Start and a Symbolic Name

Jeff Bezos, the billionaire behind Amazon, is set to become the owner of the world's largest sailing vessel, S/Y Koru. The yacht, which measures 417 feet long, is currently undergoing open-seas testing before being delivered to its owner. The vessel has had a controversial start to its life, with a petition to dismantle a historic bridge in Rotterdam causing anger among the Dutch people. However, the boat was eventually moved to a different shipyard, and now it is almost ready to sail. In this editorial, we will look at S/Y Koru's design, its controversial start, and what the future holds for this massive sailing yacht.

The Largest Sailing Vessel in the World

Once S/Y Koru is delivered to Jeff Bezos, it will become the largest sailing vessel in the world. The yacht's sheer size is impressive, but its sailing capabilities are just as noteworthy. S/Y Koru has a hybrid propulsion system, which allows it to sail using wind power or a diesel engine. Crafted from cutting-edge materials, the yacht's sails are built to endure various weather conditions while delivering peak performance.

S/Y Koru's massive size and advanced technology come with a hefty price tag. It's been reported that constructing the yacht amounted to roughly $500 million, positioning it as one of the priciest vessels in existence. However, for Jeff Bezos, this is a drop in the bucket. The billionaire has a net worth of over $100 billion, making him one of the richest people in the world.

Symbolism and Design

The Jeff Bezos' Yacht Koru, which is not just a massive sailing yacht, but also a symbol of perpetual movement and the cycle of life, has a name inspired by the Māori symbol of the same name. The koru symbolizes the spiral of an unfurling fern frond and embodies the concept of how life both changes and remains constant, according to the New Zealand government's definition. Representing perpetual motion, the Koru's circular form with its inward coil signifies a return to the starting point.

The yacht's design is just as impressive as its symbolism. S/Y Koru was built by Oceanco, a Dutch yacht builder known for its high-end luxury vessels. The yacht has a sleek, modern design, with clean lines and a metallic grey finish. It features three masts and can accommodate up to 36 guests and 56 crew members. The yacht's interior is just as impressive, with a spa, gym, and even a climbing wall.

The Koru is not just a yacht; it's a statement. Its sheer size, advanced technology, and sleek design make it a testament to human innovation and engineering. It's the largest sailing vessel in the world, and it's a marvel to behold.

A Controversial Start

S/Y Koru's development process was not without controversy. In 2017, Oceanco petitioned the Rotterdam government to dismantle the Koningshavenbrug bridge so that the yacht could be moved to open water. The bridge, known locally as De Hef, is a symbol of local resistance against the invading forces during World War II. It was heavily damaged by Nazi shelling but managed to survive, becoming a testament to the city's resilience.

The Rotterdam city council refused the petition, causing anger among the Dutch people. Nearly 3,000 people signed up for a protest that involved throwing eggs at the yacht as it passed through town. However, the boat was eventually moved to a different shipyard without its masts early in the morning, avoiding any further controversy.

Top reasons why the Koru is a unique and impressive vessel:

Symbolic Design: The circular shape of the Koru represents perpetual motion, with its inward coil symbolizing a return to the starting point.

Cutting-Edge Materials: The yacht's sails are made from high-tech materials, designed to endure various weather conditions while delivering peak performance.

Advanced Technology: The Koru has a hybrid propulsion system, which allows it to sail using wind power or a diesel engine.

Impressive Size: Once delivered to Jeff Bezos, the Koru will become the largest sailing vessel in the world.

Luxurious Interior: The yacht can accommodate up to 36 guests and 56 crew members, with a spa, gym, and even a climbing wall.

Controversial Start: The yacht's development process was not without controversy, with a petition to dismantle a historic bridge in Rotterdam causing anger among the Dutch people.

Statement Piece: The Koru is not just a yacht; it's a statement. Its sheer size, advanced technology, and sleek design make it a testament to human innovation and engineering.

Jeff Bezos Yacht Koru is an impressive vessel, both in its size and design. The yacht's symbolism and modern features make it a unique addition to the luxury sailing world. While it may have had a controversial start, S/Y Koru is now ready to sail the open seas and embark on new adventures. Only time will tell what Jeff Bezos has planned for this magnificent yacht, but one thing is for sure - it will undoubtedly turn heads and be the envy of seafarers worldwide. S/Y Koru's advanced technology, sleek design, and exceptional performance make it a stunning feat of engineering and a true masterpiece on the water.

As of May 29, 2023 - Updated data

Superyacht koru technical specifications.

KORU is a three-masted sailing yacht, 127 meters (417 ft) in length. The superyacht is reported to have cost around $500 million, making it one of the most expensive yachts in the world. It is also noteworthy for being the second-largest sailing yacht globally, after Andrey Melnichenko's Sailing Yacht A​.

The vessel's exterior design is the work of Dykstra Naval Architects, while the interior was crafted by Mlinaric, Henry, and Zervudachi Interior Design and Decoration. The yacht's tonnage is 3,300 GT, and it can accommodate 18 passengers, looked after by a crew of 40.

Deck Layout and Amenities

KORU stands out with its classic elegance, boasting a midnight blue hull, canoe stern, and three masts, a design reminiscent of early 20th-century schooners. The deck space is ample, offering various locations to take in the surroundings, including three jacuzzis and a swimming pool.

The interior of KORU exudes opulence and sophistication, with each detail meticulously crafted to provide the utmost comfort and luxury. Fine wood finishes, marble accents, and plush furnishings create an atmosphere of elegance and refinement. The living areas, dining rooms, and lounges are vast, offering generous spaces for entertainment and relaxation​.

KORU primarily harnesses the wind for propulsion, making it a more ecologically friendly option compared to other mega yachts. Its luxurious offerings include an on-deck pool, complemented by spacious lounging and sunbathing areas. Inside, the yacht features a lavish spa and wellness center, complete with a fully equipped gym, sauna, and massage rooms. The yacht also boasts a world-class gourmet kitchen manned by a team of highly skilled chefs, providing elevated dining experiences both indoors and al fresco, with panoramic views of the ocean​.

Superyacht KORU Shadow Vessel ABEONA

The yacht is accompanied by a support vessel named Abeona, a 246-foot motor yacht. This "shadow" vessel carries additional amenities and recreational vehicles, like ATVs, supercars, seaplanes, motorcycles, smaller boats, scuba gear, personal submarines, and even helicopters, to enhance the luxurious and adventurous experience at sea​.

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Jeff Bezos' yacht : 125-metre "Koru" sails!

Sören Gehlhaus

 ·  27.05.2023

There is no getting around Jeff Bezos' new fleet of 125-metre "Koru" and 76-metre "Abeona". YACHT's sister magazine BOOTE EXCLUSIV first spotted the fleet on the pier of the Club de Mar off Palma de Mallorca and then at anchor at the Cannes Film Festival. During the passage, the sails were probably also in the wind. After the Dutch shipyard Oceanco invited project representatives on board for test runs on the North Sea, spotters always kept "Koru" under engine power. Even off Mallorca, the longest yacht ever built in the Netherlands was initially only documented on trips without sails. But then the white sheet was hoisted and the 17 metre wide steel hull finally took to the water.

From the three booms, the crew actually unfurled mainsails on gaff booms and three headsails. The furlers were supplied by Reckmann Yacht Equipment from Rellingen in Schleswig-Holstein. Two furling systems, each over two metres long and weighing 900 kilograms, sit on the jib boom, another on the foredeck. Three Reckmann engineers spent a year planning and calculating the system before it was manufactured entirely from stainless steel. With four-digit sail areas, it can be assumed that the foresails will be hauled in hydraulically and that a corresponding unit will operate below deck.

More about the Jeff Bezos yacht:

• Bezos schooners on their way to Rotterdam
• Bezos fleet forms up in the Netherlands

With figurehead and water cannons

Visually, there are certain parallels to the "Eos", which is managed by Barry Diller. The US media entrepreneur is a friend of Bezos, who in turn has been spotted on board the 93 metre long Lürssen sailing ship and is also said to have modelled the interior on "Eos".

In Maori, the language of New Zealand's indigenous people, "Koru" means "new beginning". This is fitting as the 59-year-old is said to have proposed to his 53-year-old partner Lauren Sánchez on board. Both are divorced and come from Albuquerque in the state of New Mexico. CNN reported that "Koru" was already cruising off the south of France at the time; paparazzi shots showed Sánchez leaning against the teak railing and in the tender of "Abeona" with an engagement ring on her hand. The figurehead of the three-masted gaff schooner also resembles the former journalist and pilot, who has her own company providing film productions with aerial shots. But final doubts remain as to whether the US billionaire has allowed himself to be carried away by such a clumsy gesture.

Apparently, the Amazon founder does not want to sail exclusively in the northern Mediterranean or the Caribbean, otherwise he would not have insisted on the installation of water cannons to ward off pirate attacks. The polished stainless steel nozzles are displayed openly, from "Koru" amidships on the main deck, on "Abeona" they are at the stern. They look like models from the Swedish engineering company Unifire, which are also used to autonomously fight fires on land and at sea - think of e-car cargo that has caught fire. The large model moves a maximum of 5,500 litres of water per minute up to 85 metres, can also be controlled by app via smartphone and can also produce festive fountains.

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Jeff Bezos’ superyacht is in South Florida. It’s so big it has to anchor at a seaport

South Florida, meet The Koru.

That’s the name of Jeff Bezos’ colossal yacht that just dropped anchor in Port Everglades in Fort Lauderdale. The word means “new beginnings” in Maori, the language spoken by indigenous Polynesians of mainland New Zealand, where the Amazon founder’s private jet was spotted in 2020.

READ MORE: Who said the office is dead? Amazon is searching for corporate space across Miami-Dade

How ginormous is this triple-masted behemoth? Roughly 400 feet long and 250 feet tall, it’s the size of a cruise ship. That ginormous.

The luxury schooner is so big it can’t even hang with other leisure ships; she reportedly is parked near two oil tankers. It has two pools, a hot tub, multiple lounges, dining areas and bars, and perhaps the pièce de résistance , a wooden figurehead on the prow rumored to be modeled after Bezos’ fiancée, Lauren Sanchez .

The 59-year-old billionaire shelled out about $500M for his snazzy new toy, which was built just for him in the Netherlands by Oceanco, the company that also constructed Dallas Cowboys owner Jerry Jones’ superyacht, the Bravo Eugenia .

Get used to seeing The Koru around, especially if you set sail on a vacation. Bezos, a Palmetto High alum, lives back here full time now, after spending three decades in Seattle, busy reinventing the way the world shops.

©2023 Miami Herald. Visit miamiherald.com. Distributed by Tribune Content Agency, LLC.

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Gallery: The best pictures of Oceanco's 127 metre sailing yacht Y721

Related articles.

Oceanco's 127 metre sailing yacht known as Y721 , rumoured to be Jeff Bezos's in-build superyacht, emerged from the shed for the first time this week. BOAT rounds up the best pictures of the project, which will become the largest sailing yacht in the world when delivered in 2022.

Emerging from the shed

The sailing yacht was glimpsed for the very first time earlier this month after rolling out of the sheds at Oceanco's Zwijndrecht shipyard. The record-breaking black-hulled superyacht is set to feature three masts and a bowsprit.

The scale of the project can be seen in this image against the shipyard workers watching the yacht emerge. While the designers of the project remain a secret, it is known that the yacht is built from aluminium and steel.

Prior to being revealed in October, the hull of the yacht was built in pieces at Oceanco's Zwijnenburg facility before being assembled in Zwijndrecht.

The bow and superstructure of the sailing yacht are clearly seen in this image. While the sale of the yacht was first reported in 2018, no other details about the project have been released until now. The yacht will be the largest yacht ever built at Oceanco.

The striking black shine of the hull is seen from below in this image. A new book published this year appeared to confirm long-standing rumours that Amazon founder Jeff Bezos is the owner of this secretive 127-metre sailing yacht. An excerpt of the book, named Amazon Unbound , was published by Bloomberg and describes the superyacht as “one of the finest sailing yachts in existence,” with "several decks" and "three enormous masts."

The teak decks of the superyacht can be seen from above in this image. Amazon Unbound also reported that an accompanying support boat is also under construction, though the details of this remain unknown.

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Billionaire Jeff Bezos Races Rocket Lab and a Chinese Start-Up to Build the Next SpaceX

September 17, 2024 — 08:30 am EDT

Written by Rich Smith for The Motley Fool  ->

In December 2015, Elon Musk's SpaceX did something no other organization on Earth -- either government-run or corporate -- had ever managed to do before: Launch a rocket into orbit and then land it back on solid ground on Earth safely . Nearly a decade later, no other entity has yet managed to duplicate this feat, which is part of the reason it dominates the market for space launches today, and part of the reason SpaceX now has a market cap of more than $210 billion .

But at least three companies aim to try to repeat that achievement soon. The first one to succeed could become the next SpaceX.

Image source: Getty Images.

Blue Origin

Blue Origin and SpaceX have been feuding since way back in November 2015, when Blue Origin founder Jeff Bezos stole Musk's thunder by landing his New Shepard rocket back on Earth before Musk could land a Falcon 9.

Admittedly, the New Shepard is a suborbital rocket, and Musk had been busy trying to bring his rockets down for controlled landings on boats while Bezos was taking the easy road with touchdowns on land. Even so, Bezos found a way to get Musk's goat, and the feud between the two space billionaires has been continuous ever since.

Next month, Bezos will attempt to one-up Musk once more when Blue Origin launches its New Glenn rocket on its first-ever flight. New Glenn will carry a Blue Origin space tug (one of the few space vessel types SpaceX hasn't tried building yet) dubbed Blue Ring to orbit. It will also attempt to land its first stage on a ship at sea, duplicating a feat that only SpaceX has ever accomplished thus far.

If Bezos succeeds, it will mean Blue Origin possesses a more powerful reusable rocket than the Falcon 9. While SpaceX says the Falcon 9 can carry a payload of 22 tons to low Earth orbit, Blue Origin says the New Glenn's payload capacity is 45 tons.

After spending the last three years developing the successor to its Electron small rocket , publicly traded Rocket Lab USA (NASDAQ: RKLB) aims to debut its reusable Neutron rocket in a launch in mid-2025.

The Neutron features an innovative design in which the rocket's reusable first stage encloses an expendable second stage. After its fuel burn, the first stage releases the second stage and the payload, then closes back up in preparation for its own controlled landing (in what some are calling a "Hungry Hippo" design).

As such, Neutron will represent a quantum leap in Rocket Lab's capabilities. Whereas its Electron rocket's payload capacity maxes out at around 300 kilograms, Neutron will be able to launch payloads up to 13 metric tons. That's not quite in the same class as Falcon 9 or New Glenn, but it's plenty big enough to accommodate most standard satellites, and should also permit Rocket Lab to deploy entire constellations of small satellites for its customers in a single launch.

Rocket Lab, too, will aim to land its new rocket on a barge at sea.

And now for the wild card. Over in China, rocket tech start-up iSpace (not to be confused with Japan's ispace -- although I guarantee there's going to be confusion) announced last week that it had secured $99 million in new funding to further development of its own reusable rocket, the Hyperbola-3.

Smaller than the other two contenders, Hyperbola-3 is expected to have the capacity to boost an 8.5-ton payload into low Earth orbit. Like Falcon 9, New Glenn, and Neutron, it will favor sea landings to reduce the amount of fuel being carried, which will in turn enable it to carry close to its maximum payload.

iSpace aims to conduct its first Hyperbola-3 launch in December 2025, making it last in line among these would-be SpaceX copycats to make the attempt. It's also arguably the company with the worst outlook for success. Over seven launches to date of its Hyperbola-1 expendable rocket, Payload Research notes that iSpace has notched only four successes.

That's a batting average of .571 -- great for baseball, but significantly worse than Blue Origin's record with New Shepard, or Rocket Lab's with Electron.

What it all means to investors

But yes, I'm still saying "there's a chance" -- not just for iSpace, but for all three of these space companies to succeed. And if even one of them does, it will change the dynamics of competition in the space industry.

Rocket reusability, after all, was a key reason why SpaceX has been able to cut the costs of orbital launches, which forced competitors like United Launch Alliance and Arianespace to cut their prices as well. Once Blue Origin, Rocket Lab, or iSpace reaches that technological milestone, SpaceX might feel compelled to cut prices further to compete.

Further, it will add enormous pressure on United Launch Alliance, a joint venture between Boeing and Lockheed Martin , and on Arianespace parent Airbus , to finally design and build reusable rockets of their own.

In a contest between companies that throw away their rockets after each use and companies that save money by reusing them, it's fairly clear which ones will be able to offer the best prices to their space customers . And those that can't offer the best prices are probably destined for a turbulent future -- along with their investors.

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Rich Smith has positions in Rocket Lab USA. The Motley Fool recommends Lockheed Martin and Rocket Lab USA. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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