Luke 24:50

ESV And he led them out as far as Bethany, and lifting up his hands he blessed them.
NIV When he had led them out to the vicinity of Bethany, he lifted up his hands and blessed them.
NASB And He led them out as far as Bethany, and He lifted up His hands and blessed them.
CSB Then he led them out to the vicinity of Bethany, and lifting up his hands he blessed them.
NLT Then Jesus led them to Bethany, and lifting his hands to heaven, he blessed them.
KJV And he led them out as far as to Bethany, and he lifted up his hands, and blessed them.
NKJV And He led them out as far as Bethany, and He lifted up His hands and blessed them.

What does Luke 24:50 mean?

It is forty days since Passover and Jesus' death; ten days to Pentecost and the arrival of the Holy Spirit (Acts 1:3). Jesus has visited enough of His disciples that the witness of His resurrection is irrefutable by reasonable people (John 21; 1 Corinthians 15:5–7). Jesus has shown His followers how He fulfilled Scripture (Luke 24:45–48) and has spoken about the kingdom of God (Acts 1:3).

At this late time, the disciples are still confused about what the kingdom of God is. They ask Him, "Lord, will you at this time restore the kingdom to Israel?" (Acts 1:6). That would be nice. But the Jewish leadership has not repented. They have not led the people to their Messiah. It doesn't appear the core group has even gone out to validate the rumors they must be hearing from those who have seen Jesus.

Part of the covenant the Israelites made with God addresses reconciliation after a long period of rebellion:
But if they confess their iniquity and the iniquity of their fathers in their treachery that they committed against me, and also in walking contrary to me, so that I walked contrary to them and brought them into the land of their enemies—if then their uncircumcised heart is humbled and they make amends for their iniquity, then I will remember my covenant with Jacob, and I will remember my covenant with Isaac and my covenant with Abraham, and I will remember the land." (Leviticus 26:40–42)
The leaders refuse to do this. They will not be reconciled until the end times. Jesus explains that knowing when this will happen is not the disciples' business. Their business is to receive the Holy Spirit and be His "witnesses in Jerusalem and in all Judea and Samaria, and to the end of the earth" (Acts 1:7–8).

Their obedience is what eventually led to you reading this now.
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Context Summary
Luke 24:50–53 is the first of two times Luke records Jesus' ascension. Acts 1:6–11 gives more detail. It has been forty days since the crucifixion. Christ must return to heaven so the Holy Spirit can indwell His followers and they can build the church. He takes the disciples to Bethany where they watch Him ascend into the heavens. The disciples return to Jerusalem. There, they replace Judas and praise God in the temple until the Holy Spirit comes ten days later.
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Chapter Summary
After Jesus is executed and buried (Luke 23:52–53), the women who had followed Him from Galilee come to improve His burial condition. They find an open, empty tomb and angels. The disciples are informed. Two of them spend time speaking with a stranger while walking, only to realize it was Jesus Himself. Jesus appears to His followers, eating fish and explaining how His role as Messiah was predicted in Scripture. Jesus then ascends to heaven while His disciples worship.
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What is the Gospel?
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