Blue Origin has announced the launch of a new orbital maneuvering vehicle called Blue Ring. The company did not provide pricing information or a specific timeline for when the vehicle will enter service.

Blue Ring is a spacecraft platform that offers in-space logistics and delivery from medium Earth orbit to cislunar space and beyond. It can accommodate payloads of over 3,000 kg and provides transportation, hosting, refueling, and data relay. 

Blue Ring aims to address the challenges of growing space infrastructure and increasing mobility in orbit, providing customers with cost-effective access to a variety of orbits and critical data for successful missions.

Analyst QuickTake: The announcement comes as Blue Origin aims to compete with SpaceX and Rocket Lab by seeking international expansion and partnerships, with Europe presenting opportunities due to limited launch availability. Meanwhile, Blue Origin CEO Bob Smith announced his resignation and was replaced by Amazon executive Dave Limp, who is expected to take over the reins in December.