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On March 28, 2012, a team funded by Jeff Bezos , founder of , reported that they had located the F-1 rocket engines from an Apollo mission using sonar equipment.  Bezos stated he planned to raise at least one of the engines, which rest at a depth of 14,000 feet (4,300 m), about 400 miles (640 km) east of Cape Canaveral, Florida. However, the condition of the engines, which have been submerged for more than 40 years, was unknown.  NASA Administrator Charles Bolden released a statement congratulating Bezos and his team for their find and wished them success. He also affirmed NASA's position that any recovered artifacts would remain property of the agency, but that they would likely be offered to the Smithsonian Institution and other museums, depending on the number recovered.