An 18-year-old is going to space with Jeff Bezos

An 18-year-old is going to space with Jeff Bezos

New York (CNN Business)The mystery bidder who put up a whopping $28 million for an 11-minute joy ride to the edge of space alongside Jeff Bezos will not make the trip, Bezos' rocket company Blue Origin announced Thursday.

Blue Origin said in a press release that the person, who asked to remain anonymous for the time being, had to bow out because of "scheduling conflicts." The winner will instead take a spot on a future mission. Flying in their place — alongside Bezos, his brother Mark Bezos, and Wally Funk, an 82-year-old pilot and one of the "Mercury 13" women — will be an 18-year old recent high school graduate named Oliver Daemen.

The flight is slated for July 20.

Daemen "was a participant in the auction and had secured a seat on the second flight. We moved him up when this seat on the first flight became available," a Blue Origin spokesperson told CNN Business. "We're not disclosing how much he paid." A source familiar with the matter said Daemen's spot was purchased for him by his father, Joes Daemen, who is the founder and CEO of Somerset Capital Partners, an investment firm based in the Netherlands.

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Rich daddy's son. I wonder if rich daddy will get a tax deduction for this?