Speaker 1: You're listening to a shares these podcast, we just.
Speaker 2: Want to in your head right now, what have investors
Speaker 2: and other humans got to be optimistic about looking towards space?
Speaker 1: I mean it's so exciting. I mean, you know, there's
Speaker 1: real tangible plans and opportunities to send humans to other planets.
Speaker 1: If you look at the commercial space industry, we just
Speaker 1: built too spacecraft commercially to go to Mars, and you
Speaker 1: know there's there's so many, so many cool projects that
Speaker 1: we get to work on and so many cool opportunities.
Speaker 1: And you know, typically the space, you know, space has
Speaker 1: been a domain for government, it's not commercial companies. And
Speaker 1: you know, as a public company, everyone can come along
Speaker 1: for the ride too. So yeah, I think it's tremendously exciting.
Speaker 2: Do you have one key focus when it comes to
Speaker 2: leading your team? One value that you wouldn't sacrifice?
Speaker 1: Hustle the rocket lab hustle, So everybody is expected like
Speaker 1: if barriers come up, you've just got to climb over them.
Speaker 1: And you know, if you look at our competitors, we
Speaker 1: are never going to outspend our computers, but we could
Speaker 1: sure as heck out to hustle them.
Speaker 2: Love it. You've talked a lot about risk. It's a
Speaker 2: huge part of any space related work. What is your
Speaker 2: advice to leaders who struggle with risk and how should
Speaker 2: they think about or approach it.
Speaker 1: So there's perceived risk and then there's actual risk, So
Speaker 1: making sure you don't get confused with those two and
Speaker 1: then you know, you have to take a level of
Speaker 1: risk if you want to achieve good things, But you
Speaker 1: should never take a level of risk that you know
Speaker 1: is pushing all the chips. In so roca A Lab,
Speaker 1: Yes we take risk, but we never take so much
Speaker 1: risk that that we ever put you know, the company
Speaker 1: at risk. I've actually got a sign on my toolbox
Speaker 1: at home that said says everything is sweetened by risk.
Speaker 1: So you have to you have to get comfortable with risk,
Speaker 1: but it should be it should be well engineered risk.
Speaker 2: So pressure is a given when you're building a rocket
Speaker 2: like Neutron with a tight deadline. How do you motivate
Speaker 2: your team to stay productive and inspired when the stakes
Speaker 2: are high?
Speaker 1: Well, the team at RockA Lab is just so awesome,
Speaker 1: like we don't have to do that. Everybody believes in
Speaker 1: the mission, believes in the company. You know, the team
Speaker 1: here at OLC three have just been just working day
Speaker 1: and night. Like I have a camera that I can
Speaker 1: log into for OLC three actually up on that water tower,
Speaker 1: and every time I log into that camera in the snow,
Speaker 1: in the sun, day or night, there is just a
Speaker 1: team of people just swarming around this place, working flat out.
Speaker 1: In fact, it started to work again. You know, we're
Speaker 1: just you know, open this pad in their back at work.
Speaker 1: So you know, the team at RockA Lab is just
Speaker 1: amazing and you know the mission and what we're trying
Speaker 1: to achieve, and you know the coolness of the technology.
Speaker 1: I don't have to do a whole bunch of motivation,
Speaker 1: that's for sure.
Speaker 2: The new acting NASA chief, I think, Seann Duffy, said
Speaker 2: that NASA will focus on exploration, particularly Mars and the
Speaker 2: Moon yep, and move away from climate research and earth sciences.
Speaker 2: So just wondering how that shift impacts rock Land.
Speaker 1: Yeah, we've done We've actually done quite a bit for
Speaker 1: the client climate research and science guys. So we launched
Speaker 1: a mission from a New Zealand actually called Tropics and
Speaker 1: was for hurricane detection. And you know those spacecraft we
Speaker 1: used in a couple of years of hurricane seasons and
Speaker 1: kind of like saved lives, So you know that that
Speaker 1: there they were. They were great, great, great programs to do.
Speaker 1: But the new administration has a clear focus on you know,
Speaker 1: leaving Earth's gravity well and exploring other planets, and you
Speaker 1: know that will aligns very well with us, and you
Speaker 1: know the administration also is looking for efficiency and speed,
Speaker 1: and that's the definition of rocket Lab.
Speaker 2: Right, that's a great definition. I think the other quote
Speaker 2: was that NASA will build a nuclear reactor on the Moon,
Speaker 2: and they obviously got quite a lot of mainstream media
Speaker 2: like what does that mean for the space industry broadly,
Speaker 2: but also like how how is that likely to impact
Speaker 2: rocket Lab having those sort of ambitions Like.
Speaker 1: Yeah, no, I mean I think if you're going to
Speaker 1: go and go and you know, settle other planets and
Speaker 1: and and the Moon, you know you need to you
Speaker 1: need a pretty pretty important to have a big source
Speaker 1: of energy.
Speaker 2: So you know this.
Speaker 1: There's just a tremendous number of those kind of kind
Speaker 1: of programs. But I think I think what the administration
Speaker 1: and Secretary Duffy is trying to do is there certain
Speaker 1: elements that you need to get right to be able
Speaker 1: to land and be successful on another planet and one
Speaker 1: of those is energy obviously, so you know they're systematically,
Speaker 1: you know, identifying the bits that they need to be
Speaker 1: able to live on Mars, and then you know, developing
Speaker 1: programs and research programs around those technologies.
Speaker 2: Yeah, amazing. Well, thank you, sir Peter Beck. I personally
Speaker 2: do not want to go to space, but I neither
Speaker 2: I would have the opportunity to do an interview on
Speaker 2: a launch complex, so thanks very much. Investing involves for
Speaker 2: risk you might lose the money you start with.
Speaker 1: We recommend talking to a licensed financial advisor. We also
Speaker 1: recommend reading product disclosure documents before deciding to invest.