1 00:00:01,000 --> 00:00:04,760 Speaker 1: You're listening to a shares these podcast, we just. 2 00:00:04,680 --> 00:00:07,200 Speaker 2: Want to in your head right now, what have investors 3 00:00:07,200 --> 00:00:10,840 Speaker 2: and other humans got to be optimistic about looking towards space? 4 00:00:11,280 --> 00:00:14,000 Speaker 1: I mean it's so exciting. I mean, you know, there's 5 00:00:14,160 --> 00:00:18,360 Speaker 1: real tangible plans and opportunities to send humans to other planets. 6 00:00:18,520 --> 00:00:21,439 Speaker 1: If you look at the commercial space industry, we just 7 00:00:21,480 --> 00:00:24,479 Speaker 1: built too spacecraft commercially to go to Mars, and you 8 00:00:24,480 --> 00:00:26,799 Speaker 1: know there's there's so many, so many cool projects that 9 00:00:26,840 --> 00:00:29,320 Speaker 1: we get to work on and so many cool opportunities. 10 00:00:29,480 --> 00:00:32,120 Speaker 1: And you know, typically the space, you know, space has 11 00:00:32,120 --> 00:00:34,760 Speaker 1: been a domain for government, it's not commercial companies. And 12 00:00:35,000 --> 00:00:37,320 Speaker 1: you know, as a public company, everyone can come along 13 00:00:37,320 --> 00:00:40,760 Speaker 1: for the ride too. So yeah, I think it's tremendously exciting. 14 00:00:40,880 --> 00:00:42,720 Speaker 2: Do you have one key focus when it comes to 15 00:00:42,800 --> 00:00:45,440 Speaker 2: leading your team? One value that you wouldn't sacrifice? 16 00:00:45,840 --> 00:00:50,120 Speaker 1: Hustle the rocket lab hustle, So everybody is expected like 17 00:00:50,200 --> 00:00:53,360 Speaker 1: if barriers come up, you've just got to climb over them. 18 00:00:53,560 --> 00:00:56,080 Speaker 1: And you know, if you look at our competitors, we 19 00:00:56,120 --> 00:00:58,560 Speaker 1: are never going to outspend our computers, but we could 20 00:00:58,560 --> 00:00:59,880 Speaker 1: sure as heck out to hustle them. 21 00:01:00,720 --> 00:01:03,320 Speaker 2: Love it. You've talked a lot about risk. It's a 22 00:01:03,400 --> 00:01:05,399 Speaker 2: huge part of any space related work. What is your 23 00:01:05,440 --> 00:01:08,000 Speaker 2: advice to leaders who struggle with risk and how should 24 00:01:08,000 --> 00:01:09,520 Speaker 2: they think about or approach it. 25 00:01:09,920 --> 00:01:12,640 Speaker 1: So there's perceived risk and then there's actual risk, So 26 00:01:12,800 --> 00:01:15,120 Speaker 1: making sure you don't get confused with those two and 27 00:01:15,160 --> 00:01:17,240 Speaker 1: then you know, you have to take a level of 28 00:01:17,319 --> 00:01:20,000 Speaker 1: risk if you want to achieve good things, But you 29 00:01:20,000 --> 00:01:21,920 Speaker 1: should never take a level of risk that you know 30 00:01:22,200 --> 00:01:24,440 Speaker 1: is pushing all the chips. In so roca A Lab, 31 00:01:24,520 --> 00:01:27,640 Speaker 1: Yes we take risk, but we never take so much 32 00:01:27,720 --> 00:01:29,639 Speaker 1: risk that that we ever put you know, the company 33 00:01:29,800 --> 00:01:33,520 Speaker 1: at risk. I've actually got a sign on my toolbox 34 00:01:33,560 --> 00:01:36,480 Speaker 1: at home that said says everything is sweetened by risk. 35 00:01:37,080 --> 00:01:39,320 Speaker 1: So you have to you have to get comfortable with risk, 36 00:01:39,400 --> 00:01:42,319 Speaker 1: but it should be it should be well engineered risk. 37 00:01:43,080 --> 00:01:45,040 Speaker 2: So pressure is a given when you're building a rocket 38 00:01:45,080 --> 00:01:48,040 Speaker 2: like Neutron with a tight deadline. How do you motivate 39 00:01:48,040 --> 00:01:50,279 Speaker 2: your team to stay productive and inspired when the stakes 40 00:01:50,280 --> 00:01:50,720 Speaker 2: are high? 41 00:01:51,640 --> 00:01:53,920 Speaker 1: Well, the team at RockA Lab is just so awesome, 42 00:01:54,040 --> 00:01:57,200 Speaker 1: like we don't have to do that. Everybody believes in 43 00:01:57,200 --> 00:01:59,720 Speaker 1: the mission, believes in the company. You know, the team 44 00:01:59,760 --> 00:02:04,000 Speaker 1: here at OLC three have just been just working day 45 00:02:04,040 --> 00:02:07,080 Speaker 1: and night. Like I have a camera that I can 46 00:02:07,120 --> 00:02:09,919 Speaker 1: log into for OLC three actually up on that water tower, 47 00:02:10,280 --> 00:02:14,200 Speaker 1: and every time I log into that camera in the snow, 48 00:02:14,320 --> 00:02:16,480 Speaker 1: in the sun, day or night, there is just a 49 00:02:16,560 --> 00:02:19,919 Speaker 1: team of people just swarming around this place, working flat out. 50 00:02:20,040 --> 00:02:21,839 Speaker 1: In fact, it started to work again. You know, we're 51 00:02:21,880 --> 00:02:24,480 Speaker 1: just you know, open this pad in their back at work. 52 00:02:24,960 --> 00:02:27,240 Speaker 1: So you know, the team at RockA Lab is just 53 00:02:27,320 --> 00:02:30,799 Speaker 1: amazing and you know the mission and what we're trying 54 00:02:30,840 --> 00:02:33,519 Speaker 1: to achieve, and you know the coolness of the technology. 55 00:02:34,040 --> 00:02:35,560 Speaker 1: I don't have to do a whole bunch of motivation, 56 00:02:35,639 --> 00:02:36,280 Speaker 1: that's for sure. 57 00:02:36,639 --> 00:02:39,919 Speaker 2: The new acting NASA chief, I think, Seann Duffy, said 58 00:02:39,919 --> 00:02:42,240 Speaker 2: that NASA will focus on exploration, particularly Mars and the 59 00:02:42,280 --> 00:02:45,919 Speaker 2: Moon yep, and move away from climate research and earth sciences. 60 00:02:46,000 --> 00:02:49,080 Speaker 2: So just wondering how that shift impacts rock Land. 61 00:02:49,720 --> 00:02:52,440 Speaker 1: Yeah, we've done We've actually done quite a bit for 62 00:02:52,480 --> 00:02:56,800 Speaker 1: the client climate research and science guys. So we launched 63 00:02:56,840 --> 00:02:59,840 Speaker 1: a mission from a New Zealand actually called Tropics and 64 00:03:00,160 --> 00:03:03,480 Speaker 1: was for hurricane detection. And you know those spacecraft we 65 00:03:03,639 --> 00:03:06,240 Speaker 1: used in a couple of years of hurricane seasons and 66 00:03:06,400 --> 00:03:08,799 Speaker 1: kind of like saved lives, So you know that that 67 00:03:08,960 --> 00:03:12,800 Speaker 1: there they were. They were great, great, great programs to do. 68 00:03:12,919 --> 00:03:16,840 Speaker 1: But the new administration has a clear focus on you know, 69 00:03:16,960 --> 00:03:20,760 Speaker 1: leaving Earth's gravity well and exploring other planets, and you 70 00:03:20,800 --> 00:03:23,360 Speaker 1: know that will aligns very well with us, and you 71 00:03:23,360 --> 00:03:27,000 Speaker 1: know the administration also is looking for efficiency and speed, 72 00:03:27,560 --> 00:03:30,119 Speaker 1: and that's the definition of rocket Lab. 73 00:03:30,240 --> 00:03:33,720 Speaker 2: Right, that's a great definition. I think the other quote 74 00:03:33,760 --> 00:03:36,640 Speaker 2: was that NASA will build a nuclear reactor on the Moon, 75 00:03:36,640 --> 00:03:39,360 Speaker 2: and they obviously got quite a lot of mainstream media 76 00:03:40,080 --> 00:03:42,480 Speaker 2: like what does that mean for the space industry broadly, 77 00:03:42,880 --> 00:03:45,080 Speaker 2: but also like how how is that likely to impact 78 00:03:45,200 --> 00:03:46,960 Speaker 2: rocket Lab having those sort of ambitions Like. 79 00:03:47,040 --> 00:03:48,800 Speaker 1: Yeah, no, I mean I think if you're going to 80 00:03:48,840 --> 00:03:52,400 Speaker 1: go and go and you know, settle other planets and 81 00:03:52,400 --> 00:03:54,800 Speaker 1: and and the Moon, you know you need to you 82 00:03:54,840 --> 00:03:57,240 Speaker 1: need a pretty pretty important to have a big source 83 00:03:57,280 --> 00:03:57,760 Speaker 1: of energy. 84 00:03:58,360 --> 00:03:58,840 Speaker 2: So you know this. 85 00:03:59,000 --> 00:04:01,080 Speaker 1: There's just a tremendous number of those kind of kind 86 00:04:01,120 --> 00:04:04,080 Speaker 1: of programs. But I think I think what the administration 87 00:04:04,320 --> 00:04:07,800 Speaker 1: and Secretary Duffy is trying to do is there certain 88 00:04:07,840 --> 00:04:10,160 Speaker 1: elements that you need to get right to be able 89 00:04:10,200 --> 00:04:13,280 Speaker 1: to land and be successful on another planet and one 90 00:04:13,280 --> 00:04:16,000 Speaker 1: of those is energy obviously, so you know they're systematically, 91 00:04:16,240 --> 00:04:18,719 Speaker 1: you know, identifying the bits that they need to be 92 00:04:18,760 --> 00:04:21,440 Speaker 1: able to live on Mars, and then you know, developing 93 00:04:21,480 --> 00:04:24,599 Speaker 1: programs and research programs around those technologies. 94 00:04:24,760 --> 00:04:28,480 Speaker 2: Yeah, amazing. Well, thank you, sir Peter Beck. I personally 95 00:04:28,520 --> 00:04:30,640 Speaker 2: do not want to go to space, but I neither 96 00:04:30,800 --> 00:04:33,640 Speaker 2: I would have the opportunity to do an interview on 97 00:04:33,720 --> 00:04:37,320 Speaker 2: a launch complex, so thanks very much. Investing involves for 98 00:04:37,440 --> 00:04:39,400 Speaker 2: risk you might lose the money you start with. 99 00:04:39,680 --> 00:04:43,440 Speaker 1: We recommend talking to a licensed financial advisor. We also 100 00:04:43,480 --> 00:04:46,799 Speaker 1: recommend reading product disclosure documents before deciding to invest.