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On a Florida launchpad that has been dormant for almost two decades, a new, roughly 320-foot (98-meter) rocket — developed by Jeff Bezos’ company Blue Origin — is poised for its maiden flight.

Why has NINtec Systems Limited (539843) performed so strongly recently ✌️【Value Investing】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. The uncrewed launch vehicle, called New Glenn, will mark Blue Origin’s first attempt to send a rocket to orbit, a feat necessary if the company hopes to chip away atSpaceX’s long-held dominancein the industry.

Why has NINtec Systems Limited (539843) performed so strongly recently ✌️【Value Investing】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. New Glenn is set to lift off from Cape Canaveral Space Force Station as early as Sunday during a three-hour launch window that opens at 1 a.m. ET. A livestream of the mission is slated to kick off about an hour before liftoff on YouTube and Blue Origin’s website, the company said via email.

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Like SpaceX, Blue Origin will seek to recover, refurbish and reuse first-stage rocket boosters to drive down costs.

But the eventual success of New Glenn, named after storiedNASA astronaut John Glenn, is instrumental to some of Blue Origin’s most ambitious goals.

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Blue Origin formally announced the development of New Glenn — which aims to outpower SpaceX’s Falcon 9 rockets and haul spacecraft up to 45 metric tons (99,200 pounds) to orbit — in 2016.

Delays, however, are common in the aerospace industry. And the debut flight of a new vehicle is almost always significantly behind schedule.

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Blue Origin has also branded itself as a company that aims to take a slow, diligent approach to rocket development that doesn’t “cut any corners,” according to Bezos, who founded Blue Origin and funds the company.

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“We believe slow is smooth and smooth is fast,” Bezossaidin 2016. Those comments could be seen as an attempt to position Blue Origin as the anti-SpaceX, which is known to embrace speed and trial-and-error over slow, meticulous development processes.

But SpaceX has certainly won the race to orbit. The company’s first orbital rocket, the Falcon 1, made a successful launch in September 2008. The company has deployed hundreds of missions to orbit since then.

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Of the more than 20 flights New Shepard has conducted so far, the vehicle has experienced one failure during an uncrewed science mission.

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In some ways, New Glenn has already made its mark on the launch industry. Blue Origin has for years pitched the rocket to compete with both SpaceX and United Launch Alliance — a joint venture of Boeing and Lockheed Martin thatbuys enginesfrom Blue Origin — for lucrative military launch contracts.

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Blue Origin also has deals with several commercial companies to launch satellites. The contracts include plans to helpdeploy Amazon’s Kuiper internet satellitesand a recently inked deal withAST SpaceMobileto help launch the Midland, Texas-based company’s space-based cellular broadband network.

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“I think in order to compete with Falcon 9, you have to gohead-to-head or better on price,” said Caleb Henry, the director of research at Quilty Space, which provides data and analysis about the space sector.

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Henry said Blue Origin likely opted to outfit New Glenn with such a large fairing in order to help fulfill Bezos’ vision of the future.

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Like Bezos, SpaceX’s Musk has his own concept of our future in space, with humans living and working on other planets, particularly Mars. To help realize that vision, SpaceX is developing Starship, the largest and most powerful launch vehicle ever constructed. Thenearly 400-foot-tall (121-meter) rocket dwarfs New Glenn in every sense: Musk hassaidhe hopes Starship will haul up to 300 tons to orbit.

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“But I think that if SpaceX continues to lower the cost of access to space, they’ll always be the No. 1 competitor,” Henry said.

Blue Origin had planned to launch a pair of Mars-bound satellites on behalf of NASA for the first flight of New Glenn.

But delays with the rocket’s development prompted the space agency to change course, moving that flight tothis springat the earliest. So for this inaugural flight, Blue Origin opted to instead fly a “demonstrator” that will test technology needed for the company’s proposed Blue Ring spacecraft — which will aim to serve as a sort of in-space rideshare vehicle, dragging satellites deeper into space when needed.

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“Reusability is integral to radically reducing cost-per-launch,” thecompanysaid in a recent news release, using the same oft-repeated sentiment that SpaceX has touted since it began landing rocket boosters in 2015.

Bezos, however, has acknowledged the importance of reusing rocket parts since he founded the company in 2000 — two years before Musk established SpaceX. And the company has already developed its suborbital New Shepard tourism rocket to be reusable.

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“It’s not a copy cat game,” Henry said. “Blue Origin has been pursuing reusable vehicles since before reusable vehicles were cool. Now it’s much more of a mainstream idea (because of SpaceX). The difference is that it’s taken Blue Origin so much longer to get to orbit.”

If successful, returning the New Glenn rocket booster for a safe landing will be a stunning feat. After expending most of its fuel to propel the rocket’s upper stage to space, the first-stage booster will need to make a clean separation. The booster must then maneuver with pinpoint guidance and reignite its engines with precision timing to avoid crashing into the ocean or the Jacklyn recovery platform.

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