The firm founded by Amazon billionaire Jeff Bezos is investigating the failed launch.

Blue Origin successfully launched its New Glenn rocket and landed its booster stage, but it delivered a satellite into an orbit too low to be useful.

Blue Origin acknowledged the satellite was placed in the wrong orbit, but has not commented since it was deemed lost.

The firm founded by Amazon billionaire Jeff Bezos is investigating the failed launch.

The FAA grounded Blue Origin's New Glenn rocket after it botched the release of a satellite following its successful launch two hours earlier.