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Rocket Lab CEO Sir Peter Beck on competing against Jeff Bezos' Blue Origin & Elon Musk's SpaceX: "It would be very difficult to go & play in the broadband market. You see the amount of capital that's required to be successful there." "If you just think about it logically,...

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Molly O’Shea

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$RKLB New interview with Sir Peter Beck on Fox Business: "The applications you do in space are about $320 billion today. And this is what the acquisition of Iridium exposes itself to, it's that $320 billion TAM." "The space industry is undergoing a huge amount of growth. Rocket Lab is extremely well positioned to capitalize on those new TAMs and expanding TAMs."
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$RKLB New interview with Sir Peter Beck on Fox Business: "The applications you do in space are about $320 billion today. And this is what the acquisition of Iridium exposes itself to, it's that $320 billion TAM." "The space industry is undergoing a huge amount of growth. Rocket Lab is extremely well positioned to capitalize on those new TAMs and expanding TAMs."

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$RKLB Rocket Lab CEO Peter Beck on the mindset behind competing with SpaceX and Blue Origin: "My two competitors in this industry are Elon Musk and Jeff Bezos. So I'm not going to outspend those people. We have to out-innovate them. That's the only way that we can be successful. And that's why we've been successful to date." "If you stand still, you just get run over. You have to be on the steamroller, not in front of the steamroller." Brilliant CEO.
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$RKLB Rocket Lab CEO Peter Beck on the mindset behind competing with SpaceX and Blue Origin: "My two competitors in this industry are Elon Musk and Jeff Bezos. So I'm not going to outspend those people. We have to out-innovate them. That's the only way that we can be successful. And that's why we've been successful to date." "If you stand still, you just get run over. You have to be on the steamroller, not in front of the steamroller." Brilliant CEO.

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$RKLB Rocket Lab CEO Sir Peter Beck explains why the acquisition of Iridium is so crucial: "If you want to do large scale communications globally, you must have spectrum. And for us, this deal really enables us to accelerate our entry into this market." "And the reason why the Iridium spectrum is incredibly important to us is that it is global and it is L-band. And L-band is important because if you want to do safety critical comms, you need that band to penetrate through weather and harsh conditions. It is a band that ensures that you can always be connected."
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$RKLB Rocket Lab CEO Sir Peter Beck explains why the acquisition of Iridium is so crucial: "If you want to do large scale communications globally, you must have spectrum. And for us, this deal really enables us to accelerate our entry into this market." "And the reason why the Iridium spectrum is incredibly important to us is that it is global and it is L-band. And L-band is important because if you want to do safety critical comms, you need that band to penetrate through weather and harsh conditions. It is a band that ensures that you can always be connected."

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$RKLB The newly confirmed NASA Chief, Jared Isaacman, mentioned Rocket Lab twice today on Bloomberg: "We're grateful for those that go in commercial industry, whether it's, again, Blue Origin, SpaceX, Rocket Lab" "It is an incredible field of commercial space companies that exist today. I mean, you can talk about Stoke and ULA and Rocket Lab and Firefly." I think it's fair to say Isaacman is set to usher in a new era for commercial space companies and I believe Rocket Lab is best positioned to benefit from it.
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$RKLB The newly confirmed NASA Chief, Jared Isaacman, mentioned Rocket Lab twice today on Bloomberg: "We're grateful for those that go in commercial industry, whether it's, again, Blue Origin, SpaceX, Rocket Lab" "It is an incredible field of commercial space companies that exist today. I mean, you can talk about Stoke and ULA and Rocket Lab and Firefly." I think it's fair to say Isaacman is set to usher in a new era for commercial space companies and I believe Rocket Lab is best positioned to benefit from it.

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$RKLB 🚀🛰️👀🛰️🚀 "If you have the ability to vertically integrate and build any spacecraft that you wish, and then go and launch it at scale and at frequency, your ability to put infrastructure, which in turn is services in orbit, is unparallel to anybody else - that's what it looks like for comms right now and I would say that is what it's going to look like for many many space services in orbit" - Peter Beck, Founder & CEO of Rocket Lab USA, Inc.
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$RKLB 🚀🛰️👀🛰️🚀 "If you have the ability to vertically integrate and build any spacecraft that you wish, and then go and launch it at scale and at frequency, your ability to put infrastructure, which in turn is services in orbit, is unparallel to anybody else - that's what it looks like for comms right now and I would say that is what it's going to look like for many many space services in orbit" - Peter Beck, Founder & CEO of Rocket Lab USA, Inc.

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$RKLB New Peter Beck interview today on Bloomberg: Does SpaceX's dominance threaten Rocket Lab? "No, I don't think so. The reality is SpaceX is a space company, but also very much an AI company and a bunch of other things as well. Rocket Lab is a very squarely focused pure play space company. I think it draws investors into the sector. And when they go looking, Rocket Lab is really the clear number two with respect to launch frequency and those kinds of things. So no, I'm not too worried about that.” "So do you find yourself complementary to SpaceX? Or are you in direct competition with Elon Musk?" "In some cases we are in direct competition, but also very complementary. We are an end-to-end space company. We're the second most frequently launched US rocket in the world behind SpaceX, so the rocket bit is competitive. But two-thirds of our business is building satellites and spacecraft and supplying components to the rest of the space industry. So in that sense, not really a competitor at all."
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$RKLB New Peter Beck interview today on Bloomberg: Does SpaceX's dominance threaten Rocket Lab? "No, I don't think so. The reality is SpaceX is a space company, but also very much an AI company and a bunch of other things as well. Rocket Lab is a very squarely focused pure play space company. I think it draws investors into the sector. And when they go looking, Rocket Lab is really the clear number two with respect to launch frequency and those kinds of things. So no, I'm not too worried about that.” "So do you find yourself complementary to SpaceX? Or are you in direct competition with Elon Musk?" "In some cases we are in direct competition, but also very complementary. We are an end-to-end space company. We're the second most frequently launched US rocket in the world behind SpaceX, so the rocket bit is competitive. But two-thirds of our business is building satellites and spacecraft and supplying components to the rest of the space industry. So in that sense, not really a competitor at all."

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RocketLab CEO Peter Beck on Neutron's delays: "It's a rocket program. I think every rocket CEO is probably inflicted with the same optimism than reality." "It's one thing to put a rocket on the pad & just fly it once. I mean, that's super important, but the question that investors & analysts should be asking me is, 'When's the 10th rocket going to be on the pad?'"
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RocketLab CEO Peter Beck on Neutron's delays: "It's a rocket program. I think every rocket CEO is probably inflicted with the same optimism than reality." "It's one thing to put a rocket on the pad & just fly it once. I mean, that's super important, but the question that investors & analysts should be asking me is, 'When's the 10th rocket going to be on the pad?'"

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"It's nice to do something before Elon Musk for once." Rocket Lab CEO Peter Beck on the benefits of going public: "I didn't want to build a space company that just lives for the lifetime that I'm running it. It needed to be multi-generational & go on & on & on." "And being a public company really enforces that discipline of profitability‚ & profitability is survival. The rockets & satellites, it's all cool, but at the end of the day, it's all for nothing if your economics aren't there & you're not profitable."
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"It's nice to do something before Elon Musk for once." Rocket Lab CEO Peter Beck on the benefits of going public: "I didn't want to build a space company that just lives for the lifetime that I'm running it. It needed to be multi-generational & go on & on & on." "And being a public company really enforces that discipline of profitability‚ & profitability is survival. The rockets & satellites, it's all cool, but at the end of the day, it's all for nothing if your economics aren't there & you're not profitable."

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BREAKING: Inside Rocket Lab ( $RKLB ) w/ Sir Peter Beck FULL INTERVIEW (Part I) We sat down with Peter Beck Founder & CEO of Rocket Lab after another record quarter, $234M in revenue & $2.36B in backlog "The lawyers hate me saying it, but global domination is definitely part of the plan." "I didn't want to build a space company that just lives for the lifetime that I'm running it. It needed to be multi-generational." We go deeper into Iridium, Neutron, the $397M Space Force contract to build + launch "Flatellites," & how 81% of revenue last quarter was outside of launch. Covering: › Why the fix for a 9-month lead time was buying the supplier › The $8B Iridium acquisition & why he was surprised nobody saw it coming › Why the Neutron question should be about the 10th rocket, not the 1st › The 24-hour turnaround constraint that produced Hungry Hippo › Flatellites, building satellites for volume rather than one at a time Plus: building a launch industry in New Zealand from zero suppliers & no regulation, staying out of broadband to play in L-band, going public before SpaceX, GHOST & the launch site that ships in a container, & why the Archimedes engines are painted black. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Sir Peter Beck, Founder & CEO at Rocket Lab (00:59) Rocket Lab's biggest quarter (02:53) The competitive edge in Space (04:10) Rocket Lab's Acquisition Strategy (05:04) Reason behind the Iridium Deal (06:13) Competing with Blue Origin & SpaceX (09:56) Rocket Lab's Global Domination (11:19) Building a Launch Monopoly in New Zealand (12:33) Is this why Peter got Knighted? (16:42) Beating SpaceX to the Public Markets (20:05) Why Neutron is still facing delays (24:24) The reality of running a Rocket Company (27:38) Rocket Lab's latest contract wins (29:04) How defense became a prime mover for Rocket Lab (30:39) Ghost: Rocket Lab's portable launch pad (31:30) Has he seen Aliens? (33:18) What's next for Rocket Lab? (34:30) Where does Peter draw his inspiration? (36:12) Why he's never read a Business book (37:31) Why their Engine is painted black
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BREAKING: Inside Rocket Lab ( $RKLB ) w/ Sir Peter Beck FULL INTERVIEW (Part I) We sat down with Peter Beck Founder & CEO of Rocket Lab after another record quarter, $234M in revenue & $2.36B in backlog "The lawyers hate me saying it, but global domination is definitely part of the plan." "I didn't want to build a space company that just lives for the lifetime that I'm running it. It needed to be multi-generational." We go deeper into Iridium, Neutron, the $397M Space Force contract to build + launch "Flatellites," & how 81% of revenue last quarter was outside of launch. Covering: › Why the fix for a 9-month lead time was buying the supplier › The $8B Iridium acquisition & why he was surprised nobody saw it coming › Why the Neutron question should be about the 10th rocket, not the 1st › The 24-hour turnaround constraint that produced Hungry Hippo › Flatellites, building satellites for volume rather than one at a time Plus: building a launch industry in New Zealand from zero suppliers & no regulation, staying out of broadband to play in L-band, going public before SpaceX, GHOST & the launch site that ships in a container, & why the Archimedes engines are painted black. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Sir Peter Beck, Founder & CEO at Rocket Lab (00:59) Rocket Lab's biggest quarter (02:53) The competitive edge in Space (04:10) Rocket Lab's Acquisition Strategy (05:04) Reason behind the Iridium Deal (06:13) Competing with Blue Origin & SpaceX (09:56) Rocket Lab's Global Domination (11:19) Building a Launch Monopoly in New Zealand (12:33) Is this why Peter got Knighted? (16:42) Beating SpaceX to the Public Markets (20:05) Why Neutron is still facing delays (24:24) The reality of running a Rocket Company (27:38) Rocket Lab's latest contract wins (29:04) How defense became a prime mover for Rocket Lab (30:39) Ghost: Rocket Lab's portable launch pad (31:30) Has he seen Aliens? (33:18) What's next for Rocket Lab? (34:30) Where does Peter draw his inspiration? (36:12) Why he's never read a Business book (37:31) Why their Engine is painted black

Molly O’Shea

849,370 Aufrufe • vor 8 Tagen

Elon Musk: Work on products that you personally love, that you feel really need to exist. “You want to focus on something that you are personally passionate about, that you personally care about. It's very hard to be motivated for a product that you don't really feel strongly about. And it doesn't have to be high-tech. It could be in any field. It's got to be a product that you feel really needs to be there, that you personally love. And I would listen to your instincts. Do you love this product or service? Because it's kind of impossible to know what do other people love. But if you love it, that's a good sign. A good test would be that you can't wait for this product to be on the market. And if that's the case, you're going in the right direction.” Interview at Viva Tech Paris, June 16, 2023
0:54

Elon Musk: Work on products that you personally love, that you feel really need to exist. “You want to focus on something that you are personally passionate about, that you personally care about. It's very hard to be motivated for a product that you don't really feel strongly about. And it doesn't have to be high-tech. It could be in any field. It's got to be a product that you feel really needs to be there, that you personally love. And I would listen to your instincts. Do you love this product or service? Because it's kind of impossible to know what do other people love. But if you love it, that's a good sign. A good test would be that you can't wait for this product to be on the market. And if that's the case, you're going in the right direction.” Interview at Viva Tech Paris, June 16, 2023

ELON CLIPS

36,448 Aufrufe • vor 1 Jahr

Elon Musk to entrepreneurs: Listen to your instincts! “You want to focus on something that you are personally passionate about, that you personally care about. It's very hard to be motivated for a product that you don't really feel strongly about. It doesn't have to be high-tech. It could be in any field. It's got to be a product that you feel really needs to be there and something that you personally love. I would listen to your instincts. Do you love this product or service? Because it's impossible to know what do other people love. But if you love it, that's a good sign. And that could be small to large, of any kind, in any field. A good test would be that you can't wait for this product to be on the market. If that's the case, you're going in the right direction.” Viva Technology, Paris, June 16, 2023
0:47

Elon Musk to entrepreneurs: Listen to your instincts! “You want to focus on something that you are personally passionate about, that you personally care about. It's very hard to be motivated for a product that you don't really feel strongly about. It doesn't have to be high-tech. It could be in any field. It's got to be a product that you feel really needs to be there and something that you personally love. I would listen to your instincts. Do you love this product or service? Because it's impossible to know what do other people love. But if you love it, that's a good sign. And that could be small to large, of any kind, in any field. A good test would be that you can't wait for this product to be on the market. If that's the case, you're going in the right direction.” Viva Technology, Paris, June 16, 2023

ELON CLIPS

106,592 Aufrufe • vor 1 Jahr

$RKLB — Bloomberg Interview Q1. Can you clarify the confusion about Neutron? Yesterday, it seemed like you were pushing back the launch date a little bit. Is Neutron still on track to launch from its launch pad in 2026? Peter Beck: I think the headlines overblew it a little bit. What I said is that it's getting a little tighter to get a launch away this year. That's just being honest and transparent. It's a rocket program. These are very difficult and complex programs. Our intention is to push hard and try to get the first flight away this year. But I think the real question that should be asked is: What about the 10th flight? The first flight is obviously important, but flight number 10 is really important because that shows you've reached scale, cadence, and reusability. That's the most important thing for the whole program. Q2. You mentioned cadence. Tell us a bit about how you're thinking about cadence going forward. Is there a viable path to getting to a regular cadence? Peter Beck: If you look at our current vehicle, Electron, we actually scaled that faster than any other rocket in history. We went from zero to 50 flights in the shortest time in history, and we're on track to get to 100 flights in the shortest time in history with that vehicle as well. So we know a thing or two about taking a rocket, putting it on the pad, and flying it over and over again. Neutron is really important for a few reasons. A lot of people focus on it filling a gap and providing competition for Falcon 9, which is an important part of its job. But Rocket Lab is an end-to-end space company. We build satellites both for ourselves and for other people. With the pending acquisition of Iridium, we really need a rocket to launch our own satellites. At least 50% of Neutron's capacity is going to be consumed by ourselves. Q3. SpaceX was able to raise a huge amount of cash recently. How do you intend to continue raising cash to fund some of these expensive endeavors? Peter Beck: I think we're a little different from SpaceX. Elon has very grand aspirations that require a lot of cash. For us, we're in the business of getting to cash-flow positivity as quickly as we can. If you look at some of the acquisitions we've done in the past and those we're about to do, they put us in that realm very quickly. We have a very different profile from the other big rocket companies. I'm certainly not one of the richest people in the world, and our competitors have a totally different cost and sense of capital. We've always been the rocket company that has had to be very commercial from day one. We're focused on building a good, solid business and a commercial enterprise that's enduring and making money. Q4. I look at the reported backlog of $2.36 billion with 90-plus launches. How should investors look at that backlog? At what point does it become something that should raise concern if it gets too large? Peter Beck: Everybody loves a great big backlog. Between the last quarter and now, we added nearly $1 billion of backlog to the company. Backlog is a great metric, but execution is the true measure. If you look at the company, I think we've established ourselves as very strong executors. Throughout our history, we do what we say we're going to do. Q5. The Iridium deal, which is pending completion, potentially opens the door for direct-to-device products. How do you see that opportunity, particularly against competitors? Peter Beck: I've been saying this for many years, and I think evidence from other companies has proven it out: the really large space companies of the future are going to look a little bit the same. They're going to have the ability to build satellites at scale, launch their own satellites with their own rockets, and have a communications business. Iridium is the entry point for us. It's by no means the endpoint. One of the reasons we like the Iridium platform so much is that it has a very unique spectrum. Its L-band spectrum allows you to do very unique things. Iridium has built an amazing business around safety-critical, defense-critical, and critical-infrastructure applications. That's something that will continue to grow. I don't think you're going to see us going head-to-head in the broadband market. That's very well served and is a tough place to be. But I think there's a tremendous opportunity in some of these more discrete and unique areas of the communications market. Q6. Talk to us about the Kepler deal, which you announced yesterday. Kepler Communications purchased a dedicated Neutron launch for no earlier than 2028. How important is that to the business? Peter Beck: It's funny because naturally a lot of people would expect that we should sell all of the rockets we have for eternity. If we were just a rocket company, that would be a great assumption. But we have to make sure that we have rockets left in production and available to launch our own missions, as well as for some of our defense customers who need assured access to space. Right now, I've never seen the rocket and launch industry so constrained. For us, we're extremely selective about who we give this very valuable Neutron capacity to. It was great to have the Kepler team on contract. We've known that team for a very long time. But it is a very constrained environment right now, and we have to navigate it carefully. Q7. What's the detailed plan for getting to cash-flow positive? Is it just a matter of time? Peter Beck: Yes, absolutely. Neutron, after we have the first flight and then move into commercial flights, is a huge inflection point for the company. And, of course, an acquisition like Iridium would do that immediately. So we have a fairly short time horizon to reaching cash-flow positivity. Q8. Looking at the acquisitions of Mynaric, Motive, and Iridium, are you hungry for more deals, or is there a pause in terms of the company's acquisitive stance? Peter Beck: Never done, never done. All of those acquisitions have been very strategic. I think launch creates a tremendous moat, and everybody can see that. It's the big show in the sky. But actually, we've acquired a whole bunch of component companies and scaled those. Components are just as much of a moat. No matter how much capital you have, if you just turn up and say, "I want to build a thousand satellites," you can't, because there isn't a supply chain there to provide all of the components for the spacecraft. For us, that's not a constraint, of course. But for other people entering the market, it's a huge constraint. So you'll continue to see us tackling those smaller deals on the side. Deals like Iridium certainly aren't going to be the last. And you shouldn't think of us as the L-band communications company. This is the first of many, I would say.
7:55

$RKLB — Bloomberg Interview Q1. Can you clarify the confusion about Neutron? Yesterday, it seemed like you were pushing back the launch date a little bit. Is Neutron still on track to launch from its launch pad in 2026? Peter Beck: I think the headlines overblew it a little bit. What I said is that it's getting a little tighter to get a launch away this year. That's just being honest and transparent. It's a rocket program. These are very difficult and complex programs. Our intention is to push hard and try to get the first flight away this year. But I think the real question that should be asked is: What about the 10th flight? The first flight is obviously important, but flight number 10 is really important because that shows you've reached scale, cadence, and reusability. That's the most important thing for the whole program. Q2. You mentioned cadence. Tell us a bit about how you're thinking about cadence going forward. Is there a viable path to getting to a regular cadence? Peter Beck: If you look at our current vehicle, Electron, we actually scaled that faster than any other rocket in history. We went from zero to 50 flights in the shortest time in history, and we're on track to get to 100 flights in the shortest time in history with that vehicle as well. So we know a thing or two about taking a rocket, putting it on the pad, and flying it over and over again. Neutron is really important for a few reasons. A lot of people focus on it filling a gap and providing competition for Falcon 9, which is an important part of its job. But Rocket Lab is an end-to-end space company. We build satellites both for ourselves and for other people. With the pending acquisition of Iridium, we really need a rocket to launch our own satellites. At least 50% of Neutron's capacity is going to be consumed by ourselves. Q3. SpaceX was able to raise a huge amount of cash recently. How do you intend to continue raising cash to fund some of these expensive endeavors? Peter Beck: I think we're a little different from SpaceX. Elon has very grand aspirations that require a lot of cash. For us, we're in the business of getting to cash-flow positivity as quickly as we can. If you look at some of the acquisitions we've done in the past and those we're about to do, they put us in that realm very quickly. We have a very different profile from the other big rocket companies. I'm certainly not one of the richest people in the world, and our competitors have a totally different cost and sense of capital. We've always been the rocket company that has had to be very commercial from day one. We're focused on building a good, solid business and a commercial enterprise that's enduring and making money. Q4. I look at the reported backlog of $2.36 billion with 90-plus launches. How should investors look at that backlog? At what point does it become something that should raise concern if it gets too large? Peter Beck: Everybody loves a great big backlog. Between the last quarter and now, we added nearly $1 billion of backlog to the company. Backlog is a great metric, but execution is the true measure. If you look at the company, I think we've established ourselves as very strong executors. Throughout our history, we do what we say we're going to do. Q5. The Iridium deal, which is pending completion, potentially opens the door for direct-to-device products. How do you see that opportunity, particularly against competitors? Peter Beck: I've been saying this for many years, and I think evidence from other companies has proven it out: the really large space companies of the future are going to look a little bit the same. They're going to have the ability to build satellites at scale, launch their own satellites with their own rockets, and have a communications business. Iridium is the entry point for us. It's by no means the endpoint. One of the reasons we like the Iridium platform so much is that it has a very unique spectrum. Its L-band spectrum allows you to do very unique things. Iridium has built an amazing business around safety-critical, defense-critical, and critical-infrastructure applications. That's something that will continue to grow. I don't think you're going to see us going head-to-head in the broadband market. That's very well served and is a tough place to be. But I think there's a tremendous opportunity in some of these more discrete and unique areas of the communications market. Q6. Talk to us about the Kepler deal, which you announced yesterday. Kepler Communications purchased a dedicated Neutron launch for no earlier than 2028. How important is that to the business? Peter Beck: It's funny because naturally a lot of people would expect that we should sell all of the rockets we have for eternity. If we were just a rocket company, that would be a great assumption. But we have to make sure that we have rockets left in production and available to launch our own missions, as well as for some of our defense customers who need assured access to space. Right now, I've never seen the rocket and launch industry so constrained. For us, we're extremely selective about who we give this very valuable Neutron capacity to. It was great to have the Kepler team on contract. We've known that team for a very long time. But it is a very constrained environment right now, and we have to navigate it carefully. Q7. What's the detailed plan for getting to cash-flow positive? Is it just a matter of time? Peter Beck: Yes, absolutely. Neutron, after we have the first flight and then move into commercial flights, is a huge inflection point for the company. And, of course, an acquisition like Iridium would do that immediately. So we have a fairly short time horizon to reaching cash-flow positivity. Q8. Looking at the acquisitions of Mynaric, Motive, and Iridium, are you hungry for more deals, or is there a pause in terms of the company's acquisitive stance? Peter Beck: Never done, never done. All of those acquisitions have been very strategic. I think launch creates a tremendous moat, and everybody can see that. It's the big show in the sky. But actually, we've acquired a whole bunch of component companies and scaled those. Components are just as much of a moat. No matter how much capital you have, if you just turn up and say, "I want to build a thousand satellites," you can't, because there isn't a supply chain there to provide all of the components for the spacecraft. For us, that's not a constraint, of course. But for other people entering the market, it's a huge constraint. So you'll continue to see us tackling those smaller deals on the side. Deals like Iridium certainly aren't going to be the last. And you shouldn't think of us as the L-band communications company. This is the first of many, I would say.

Parkash Heerani

130,593 Aufrufe • vor 21 Tagen

ELON: SOMEONE HAS TO SOLVE ROCKET REUSABILITY — WHETHER IT’S SPACEX OR SOMEONE ELSE “The cost of the fuel and oxygen on a Falcon 9 is 0.3% of the cost of the rocket. So, it's a very tiny number. It's very similar to an airplane. How much does it cost to fuel up an airplane, and how much does it cost to buy an airplane? They're very different things. If humanity is ever to expand beyond Earth and establish a self-sustaining base on another planet, it's critical that we solve this problem. Whether it's SpaceX or someone else, someone has to solve the problem, and we can have a hundred-fold reduction in the cost of spaceflight. That's what SpaceX has been trying to do, and really that's been the goal since the beginning of the company. So far, I've not been very successful in that regard, but I think we have a handle on it. We've got a design that closes in the simulations. If we can build that thing, it should work.” Source: SXSW, March 2013
0:58

ELON: SOMEONE HAS TO SOLVE ROCKET REUSABILITY — WHETHER IT’S SPACEX OR SOMEONE ELSE “The cost of the fuel and oxygen on a Falcon 9 is 0.3% of the cost of the rocket. So, it's a very tiny number. It's very similar to an airplane. How much does it cost to fuel up an airplane, and how much does it cost to buy an airplane? They're very different things. If humanity is ever to expand beyond Earth and establish a self-sustaining base on another planet, it's critical that we solve this problem. Whether it's SpaceX or someone else, someone has to solve the problem, and we can have a hundred-fold reduction in the cost of spaceflight. That's what SpaceX has been trying to do, and really that's been the goal since the beginning of the company. So far, I've not been very successful in that regard, but I think we have a handle on it. We've got a design that closes in the simulations. If we can build that thing, it should work.” Source: SXSW, March 2013

Mario Nawfal

2,652,416 Aufrufe • vor 1 Jahr

$RKLB Neutron will be the largest carbon fiber structure to ever fly once it's completed. Some critics say it's not realistic because it would be the first carbon fiber structure of that size to fly, but I'd argue Rocket Lab is pretty good at firsts: "We were the first to 3D print a rocket engine and put it into orbit. We were the first to do an all carbon composite rocket and put it into orbit. We were the first to do all fiber optically networked avionics suite on a launch vehicle and put it into orbit." — Sir Peter Beck, Rocket Lab CEO
0:43

$RKLB Neutron will be the largest carbon fiber structure to ever fly once it's completed. Some critics say it's not realistic because it would be the first carbon fiber structure of that size to fly, but I'd argue Rocket Lab is pretty good at firsts: "We were the first to 3D print a rocket engine and put it into orbit. We were the first to do an all carbon composite rocket and put it into orbit. We were the first to do all fiber optically networked avionics suite on a launch vehicle and put it into orbit." — Sir Peter Beck, Rocket Lab CEO

ValueOverPrice

27,984 Aufrufe • vor 1 Monat

why Rogan believes wanting the money is the thing that stops you from getting it MrBeast: "I would argue it's not even just for content creation. If you want to be an accountant or really anything, it's just put in a lot of hours, do a lot of iterations, surround yourself with great people, and obsess over it. Stay focused, consume it. And then recognize, you might be like, 'Oh, well, this person did it in 10 months. Why is it taking me so long?' It's average and statistics. Just give yourself enough time frame. I'm not saying you'll make tens of millions of dollars, but if you want to do that thing for a living, if you follow those trades, it's going to happen eventually." Rogan: "Well, you have to be process-oriented, not goal-oriented. The process is getting better at stuff. The goal of being financially secure comes with it eventually. But if you think 'I want X amount of money,' well, that's what you're going to think about. You're not going to think about the actual thing you're making, so it won't be as good, so you'll probably never get there."
0:45

why Rogan believes wanting the money is the thing that stops you from getting it MrBeast: "I would argue it's not even just for content creation. If you want to be an accountant or really anything, it's just put in a lot of hours, do a lot of iterations, surround yourself with great people, and obsess over it. Stay focused, consume it. And then recognize, you might be like, 'Oh, well, this person did it in 10 months. Why is it taking me so long?' It's average and statistics. Just give yourself enough time frame. I'm not saying you'll make tens of millions of dollars, but if you want to do that thing for a living, if you follow those trades, it's going to happen eventually." Rogan: "Well, you have to be process-oriented, not goal-oriented. The process is getting better at stuff. The goal of being financially secure comes with it eventually. But if you think 'I want X amount of money,' well, that's what you're going to think about. You're not going to think about the actual thing you're making, so it won't be as good, so you'll probably never get there."

Naruto

37,424 Aufrufe • vor 1 Monat

Elon Musk: We have to have free speech in order for civilization to advance. “It's a bigger deal than you'd think. It's the kind of thing that you don't know what you're missing until you don't have it. In a lot of places, people don't have it. It's important to bear in mind that the nature of free speech is, the acid test for it is, are people you don't like allowed to say things that you don't like? Otherwise it's not free. It can't be just be things that you like because eventually somebody's not going to like what you say and they're going to shut you up. That's the essence of free speech. That's why it's the First Amendment in this country. And if we lose that, I think we lose the bedrock of democracy.” From: NBC Universal Marketing Conference, April 18, 2023
1:05

Elon Musk: We have to have free speech in order for civilization to advance. “It's a bigger deal than you'd think. It's the kind of thing that you don't know what you're missing until you don't have it. In a lot of places, people don't have it. It's important to bear in mind that the nature of free speech is, the acid test for it is, are people you don't like allowed to say things that you don't like? Otherwise it's not free. It can't be just be things that you like because eventually somebody's not going to like what you say and they're going to shut you up. That's the essence of free speech. That's why it's the First Amendment in this country. And if we lose that, I think we lose the bedrock of democracy.” From: NBC Universal Marketing Conference, April 18, 2023

ELON CLIPS

33,631 Aufrufe • vor 1 Jahr