WEBVTT - Going to Venus on the Cheap

0:00:15.316 --> 0:00:25.596
<v Speaker 1>Pushkin. When technology works really well, it turns incredible human

0:00:25.596 --> 0:00:29.316
<v Speaker 1>accomplishments into things that are so boring and so cheap

0:00:29.636 --> 0:00:32.316
<v Speaker 1>that we don't even notice them. We can light up

0:00:32.356 --> 0:00:35.356
<v Speaker 1>the darkness at the push of a button, basically for free.

0:00:35.916 --> 0:00:38.716
<v Speaker 1>We can talk to each other on magical video calls

0:00:38.716 --> 0:00:42.596
<v Speaker 1>from the future, also basically free, also literally at the

0:00:42.636 --> 0:00:45.156
<v Speaker 1>push of a button, And yet we complain if the

0:00:45.276 --> 0:00:48.516
<v Speaker 1>video on our magic call gets a little glitchy. One

0:00:48.556 --> 0:00:51.596
<v Speaker 1>fun thing to think about in this context is what

0:00:51.876 --> 0:00:55.676
<v Speaker 1>is still cool and exciting and expensive but will become

0:00:55.996 --> 0:00:59.636
<v Speaker 1>routine and cheap if the engineers and entrepreneurs working today

0:00:59.916 --> 0:01:03.236
<v Speaker 1>are able to do what they're trying to do. Maybe

0:01:03.276 --> 0:01:07.476
<v Speaker 1>the most interesting, compelling answer to that question is sending

0:01:07.716 --> 0:01:17.116
<v Speaker 1>rockets to outer space. I'm Jacob Goldstein and this is

0:01:17.156 --> 0:01:20.276
<v Speaker 1>What's Your Problem, the show where entrepreneurs and engineers talk

0:01:20.316 --> 0:01:22.636
<v Speaker 1>about how they're going to change the world once they

0:01:22.676 --> 0:01:27.116
<v Speaker 1>solve a few problems. My guest today is Peter Beck,

0:01:27.476 --> 0:01:30.756
<v Speaker 1>founder and CEO of rocket Lab, a company that builds

0:01:30.836 --> 0:01:34.556
<v Speaker 1>rockets and satellites. Is problem, how do you make going

0:01:34.596 --> 0:01:37.596
<v Speaker 1>to space cheap and boring? At least? How do you

0:01:37.636 --> 0:01:40.356
<v Speaker 1>make it cheap because I mean it is still space.

0:01:42.516 --> 0:01:46.836
<v Speaker 1>Peter founded rocket Lab to capitalize on the miniaturization of spacecraft.

0:01:47.276 --> 0:01:51.276
<v Speaker 1>Satellites were getting smaller, he figured rockets should get smaller too.

0:01:51.716 --> 0:01:54.836
<v Speaker 1>The idea worked. Rocket Lab now builds rockets that are

0:01:54.876 --> 0:01:57.836
<v Speaker 1>just fifty nine feet tall, about as tall as four

0:01:58.076 --> 0:02:01.316
<v Speaker 1>SUVs stacked end to end. Those rockets have now put

0:02:01.356 --> 0:02:04.356
<v Speaker 1>more than one hundred satellites into orbit, and at some

0:02:04.476 --> 0:02:07.396
<v Speaker 1>point in the next few weeks exactly when depends on

0:02:07.396 --> 0:02:10.596
<v Speaker 1>the weather, another rocket Lab rocket. We'll take off from

0:02:10.636 --> 0:02:13.676
<v Speaker 1>the company's launch site in New Zealand, and this rocket

0:02:13.716 --> 0:02:16.396
<v Speaker 1>is going to send a small spacecraft to orbit the Moon.

0:02:16.756 --> 0:02:19.356
<v Speaker 1>It's a sort of practice run for a Moon orbiting

0:02:19.396 --> 0:02:22.156
<v Speaker 1>space station that NASA is planning, and it'll be the

0:02:22.236 --> 0:02:25.276
<v Speaker 1>cheapest mission to the Moon ever. Part of the reason

0:02:25.676 --> 0:02:28.716
<v Speaker 1>Peter told me it is also the latest mission to

0:02:28.756 --> 0:02:30.836
<v Speaker 1>the Moon. The mission to the Moon here is about

0:02:31.156 --> 0:02:34.196
<v Speaker 1>how do we take a small satellite and get it

0:02:34.276 --> 0:02:37.796
<v Speaker 1>to these far off destinations that would normally require you know,

0:02:38.036 --> 0:02:40.356
<v Speaker 1>a big rocket and one hundred million dollars. You said

0:02:40.356 --> 0:02:42.276
<v Speaker 1>it normally costs around one hundred million. What's this one

0:02:42.316 --> 0:02:45.036
<v Speaker 1>cost around ten million? Ten million? Great? So it's a

0:02:45.076 --> 0:02:48.156
<v Speaker 1>ten x reduction, a tenth of the cost. You know,

0:02:48.516 --> 0:02:51.836
<v Speaker 1>we have to use every single gram, like we're measuring

0:02:51.876 --> 0:02:55.556
<v Speaker 1>this mission in graham of fuel, like a teethpoon of fuel,

0:02:55.636 --> 0:02:59.996
<v Speaker 1>gram of everything, graham of everything. So you know, we

0:03:00.396 --> 0:03:02.636
<v Speaker 1>we care about how much ice is built up on

0:03:02.676 --> 0:03:04.516
<v Speaker 1>the side of the rocket. The rocket doesn't have any

0:03:04.636 --> 0:03:06.716
<v Speaker 1>cameras on this one on a scent because we can't

0:03:06.716 --> 0:03:09.076
<v Speaker 1>afford the mass of the camera because you a camera

0:03:09.116 --> 0:03:10.756
<v Speaker 1>where it's like, no, I'm not carried a cabaret a

0:03:10.756 --> 0:03:12.276
<v Speaker 1>space it's not going to get us to the moon.

0:03:12.476 --> 0:03:16.276
<v Speaker 1>We haven't got two grams of camera mass. So it

0:03:16.356 --> 0:03:20.236
<v Speaker 1>is incredibly incredibly high performance. And you know the engine,

0:03:20.236 --> 0:03:24.036
<v Speaker 1>the trajectory that structures the tanks, those tanks. If if

0:03:24.036 --> 0:03:25.756
<v Speaker 1>you ever got to hold one of those tanks, it's

0:03:25.796 --> 0:03:28.196
<v Speaker 1>like a magic trick because you hold this tank that's

0:03:28.236 --> 0:03:31.116
<v Speaker 1>about the size of a Swiss ball, you know those

0:03:31.116 --> 0:03:33.156
<v Speaker 1>Swiss balls. No, I don't know what that is. It's

0:03:33.196 --> 0:03:35.596
<v Speaker 1>it's like a giant ball that people do exercises on,

0:03:35.756 --> 0:03:37.836
<v Speaker 1>like one of those bouncy round balls that like the

0:03:37.876 --> 0:03:39.876
<v Speaker 1>guy at the office with the bad back sits on.

0:03:41.076 --> 0:03:43.356
<v Speaker 1>So they're about that size a little bit smaller than that,

0:03:43.836 --> 0:03:46.596
<v Speaker 1>and they just they wait, they're all carbon composite with

0:03:46.676 --> 0:03:50.476
<v Speaker 1>an incredibly thin wall, and you know, they don't look

0:03:50.516 --> 0:03:52.716
<v Speaker 1>like you pick it up and it just feels like

0:03:52.716 --> 0:03:55.556
<v Speaker 1>a magic trick because they are so incredibly light. A

0:03:55.676 --> 0:03:58.476
<v Speaker 1>million little things to make everything as late and as

0:03:58.516 --> 0:04:02.316
<v Speaker 1>efficient as possible. Yeah, and that's that's what gets us there. Good.

0:04:03.756 --> 0:04:06.156
<v Speaker 1>We had to talk about Venus. We can't not talk

0:04:06.196 --> 0:04:09.556
<v Speaker 1>about Venus. You're going to Venus quite like Venus. I

0:04:09.556 --> 0:04:13.076
<v Speaker 1>think it's it's a very it's a very underestimated and

0:04:13.156 --> 0:04:18.076
<v Speaker 1>understudied planet. I think it's underrated heat well noun of heat, no, no, no,

0:04:18.116 --> 0:04:20.316
<v Speaker 1>I mean I think Mars must get so much attention

0:04:20.396 --> 0:04:23.916
<v Speaker 1>because politically, you can put a footprint on the surface

0:04:23.916 --> 0:04:27.236
<v Speaker 1>of Mars, so you know, it's you can take core pictures,

0:04:27.236 --> 0:04:29.556
<v Speaker 1>you can take really cool pictures, all of that stuff. Yeah, yeah,

0:04:29.556 --> 0:04:32.236
<v Speaker 1>so great politically, But actually, if you want to stand

0:04:32.236 --> 0:04:34.516
<v Speaker 1>back and look at the closest analog to Earth, it's

0:04:34.596 --> 0:04:39.196
<v Speaker 1>actually Venus. Both from a mass perspective from you know, Venus,

0:04:39.196 --> 0:04:42.676
<v Speaker 1>has just Earth gone wrong in a massive climate change event,

0:04:42.956 --> 0:04:45.676
<v Speaker 1>that's all Venuses. That's a scary way to think about it.

0:04:45.796 --> 0:04:47.236
<v Speaker 1>I mean, this this is where this is where we

0:04:47.236 --> 0:04:50.436
<v Speaker 1>will go is Venus. So what to learn? So there

0:04:50.516 --> 0:04:55.076
<v Speaker 1>is this paper a few years ago that found this gasp, Yeah,

0:04:55.116 --> 0:05:00.156
<v Speaker 1>that suggests at least possibly that sometimes associated with life. Right,

0:05:00.196 --> 0:05:02.476
<v Speaker 1>So maybe there is or was life on Venus and

0:05:02.476 --> 0:05:04.956
<v Speaker 1>you're going to go try and figure that out. I mean, really,

0:05:05.316 --> 0:05:06.956
<v Speaker 1>one of the earliest memories, and I think the thing

0:05:06.956 --> 0:05:09.196
<v Speaker 1>that got me into space was, you know, I was

0:05:09.476 --> 0:05:11.436
<v Speaker 1>outside with my father one night and he pointed to

0:05:11.476 --> 0:05:13.196
<v Speaker 1>the to the night sky and the stars and the

0:05:13.196 --> 0:05:15.916
<v Speaker 1>sky and said to me, look, those are stars. They

0:05:15.916 --> 0:05:19.116
<v Speaker 1>have planets orbiting them most likely, and you never know,

0:05:19.236 --> 0:05:21.916
<v Speaker 1>there could be somebody looking back at you. And that

0:05:21.996 --> 0:05:23.836
<v Speaker 1>was really the point in time for me. It's like, Wow,

0:05:23.916 --> 0:05:26.636
<v Speaker 1>this is bigger than me. This is this is something

0:05:26.676 --> 0:05:30.076
<v Speaker 1>that I need to do. So tell me one thing

0:05:30.116 --> 0:05:32.476
<v Speaker 1>about going to Venus that you haven't figured out yet.

0:05:32.516 --> 0:05:34.996
<v Speaker 1>That mission is a year or more off, right, So

0:05:35.236 --> 0:05:37.196
<v Speaker 1>I'm sure there's a million things you've got to figure

0:05:37.236 --> 0:05:38.676
<v Speaker 1>out that you haven't figured out yet to do that.

0:05:38.716 --> 0:05:41.756
<v Speaker 1>What's one, what's one problem you haven't solved yet? Well,

0:05:42.756 --> 0:05:45.796
<v Speaker 1>I mean, at least on the surface, we've solved the problems.

0:05:45.956 --> 0:05:48.436
<v Speaker 1>A lot of these things aren't problems until until they've

0:05:48.476 --> 0:05:52.836
<v Speaker 1>become problems. So, I mean one of the biggest challenges

0:05:53.596 --> 0:05:57.196
<v Speaker 1>is getting there is difficult. It's it's insanely hard to

0:05:57.236 --> 0:06:00.916
<v Speaker 1>get there. But we're not just going to Venus where

0:06:00.916 --> 0:06:04.676
<v Speaker 1>separating off a small probe and then that probe enters

0:06:05.076 --> 0:06:08.396
<v Speaker 1>the you know, the Venetian atmosphere, and we have an

0:06:08.436 --> 0:06:11.996
<v Speaker 1>iflometer on board that samples the atmosphere and looks for

0:06:12.116 --> 0:06:16.556
<v Speaker 1>organic matter and and you know basically you know, phosphine

0:06:16.716 --> 0:06:19.716
<v Speaker 1>and other other important elements and then sends its findings

0:06:19.756 --> 0:06:22.836
<v Speaker 1>back to Earth. And you've only got like a couple

0:06:22.876 --> 0:06:25.116
<v Speaker 1>of minutes, right, it's like falling through the atmosphere and

0:06:25.116 --> 0:06:28.636
<v Speaker 1>sixty two hundred and sixty seconds. So four of doing

0:06:28.836 --> 0:06:30.156
<v Speaker 1>mouth on the radio a bad idea, but they what

0:06:30.316 --> 0:06:32.276
<v Speaker 1>has had four and a half minutes, four minutes twenty

0:06:32.276 --> 0:06:33.916
<v Speaker 1>second best, So you've got to all the weight of

0:06:34.036 --> 0:06:38.196
<v Speaker 1>Venus for that four minutes. Yeah, and if you want to,

0:06:38.236 --> 0:06:40.276
<v Speaker 1>if you want to, you know, stack up in probabilities.

0:06:40.476 --> 0:06:43.156
<v Speaker 1>I mean, it's difficult to get there. Just if we

0:06:43.236 --> 0:06:45.316
<v Speaker 1>even if we get to Venus will be you know

0:06:45.436 --> 0:06:47.956
<v Speaker 1>that that's an incredible accomplishment for a private you know,

0:06:48.436 --> 0:06:51.756
<v Speaker 1>not a non government get to get to Venus. If

0:06:51.836 --> 0:06:54.036
<v Speaker 1>if we get to Venus and we and we successfully

0:06:54.316 --> 0:06:57.556
<v Speaker 1>into the atmosphere with the probe, huge if we into

0:06:57.596 --> 0:07:00.276
<v Speaker 1>the atmosphere of the probe and it survives and we

0:07:00.316 --> 0:07:02.996
<v Speaker 1>actually get the data back to Earth because you know,

0:07:03.076 --> 0:07:07.636
<v Speaker 1>it's it's a like a twenty what radio transmitting all

0:07:07.676 --> 0:07:10.556
<v Speaker 1>the way back to Earth from the entering the atmosphere,

0:07:10.556 --> 0:07:12.636
<v Speaker 1>and then that's a huge We get data, that would

0:07:12.636 --> 0:07:15.716
<v Speaker 1>be amazing. If we actually find something like if the

0:07:15.796 --> 0:07:21.316
<v Speaker 1>niphlometer actually picks up some form of organic then some

0:07:21.356 --> 0:07:25.676
<v Speaker 1>sign of life, then that's when things get interesting. Well yeah,

0:07:25.676 --> 0:07:27.876
<v Speaker 1>if finding alife on Vietis would be a big deal.

0:07:27.996 --> 0:07:30.276
<v Speaker 1>I mean, I'm comfortable agree with that, but I should

0:07:30.316 --> 0:07:32.876
<v Speaker 1>stress the probabilities of all of those things happening are

0:07:32.996 --> 0:07:36.316
<v Speaker 1>very low. But if you have the ability, you have

0:07:36.356 --> 0:07:38.276
<v Speaker 1>a rocket, you have a spacecraft, you have the ability

0:07:38.316 --> 0:07:41.156
<v Speaker 1>to do it. I just felt that I just couldn't

0:07:41.356 --> 0:07:45.716
<v Speaker 1>not try. Great, and you're spending your own money, you're

0:07:45.716 --> 0:07:48.516
<v Speaker 1>spending the company's money, is that right? Yeah? Yep. And

0:07:48.676 --> 0:07:51.676
<v Speaker 1>it's a public company now is the rationale that it's

0:07:51.756 --> 0:07:54.236
<v Speaker 1>marketing or just like it's a good thing for the

0:07:54.236 --> 0:07:56.076
<v Speaker 1>world and our company wants to do good things for

0:07:56.076 --> 0:07:58.036
<v Speaker 1>the world. Well, I mean this is you know, this

0:07:58.076 --> 0:08:00.156
<v Speaker 1>project has been running for many years, so that this

0:08:00.356 --> 0:08:03.436
<v Speaker 1>is not like you know, surprise, it's a new expense. Yeah,

0:08:04.076 --> 0:08:08.476
<v Speaker 1>and we're using old rockets, old motors, in old bits

0:08:08.516 --> 0:08:11.636
<v Speaker 1>of qualifier hardware stuff you're found around the sharp stuff

0:08:11.636 --> 0:08:13.556
<v Speaker 1>and send it to Venas I kept telling the team,

0:08:13.596 --> 0:08:16.756
<v Speaker 1>this is a nights and weekends kind of project underlay

0:08:16.796 --> 0:08:18.956
<v Speaker 1>fine Venus in our spare time that could be like

0:08:18.996 --> 0:08:23.636
<v Speaker 1>your mitya exactly exactly. So you know, from net perspective,

0:08:23.636 --> 0:08:26.276
<v Speaker 1>you know, it's not a huge huge outlay. But I

0:08:26.276 --> 0:08:28.996
<v Speaker 1>mean even if we get to Venus, think of the

0:08:29.036 --> 0:08:31.836
<v Speaker 1>capabilities that we've now created. I mean, if you think

0:08:31.876 --> 0:08:35.116
<v Speaker 1>about the way that we do planetary science now it's

0:08:35.356 --> 0:08:39.476
<v Speaker 1>one mission every decade with a billion dollar thing in

0:08:39.516 --> 0:08:42.076
<v Speaker 1>front of it. Imagine if you can go to Venus

0:08:42.116 --> 0:08:44.236
<v Speaker 1>and do real science, go to Mars and do real

0:08:44.276 --> 0:08:48.196
<v Speaker 1>science for you know, ten to twenty million dollars. It's

0:08:48.236 --> 0:08:53.036
<v Speaker 1>just it completely changes the game and planetary science going

0:08:53.076 --> 0:08:57.796
<v Speaker 1>to other planets on the cheap I love it after

0:08:57.836 --> 0:09:00.276
<v Speaker 1>the break. The problems peterback and Rocket Lab had to

0:09:00.316 --> 0:09:03.036
<v Speaker 1>solve to get here, and the problems they'll have to

0:09:03.076 --> 0:09:05.636
<v Speaker 1>solve to get where they want to go next. I

0:09:05.676 --> 0:09:08.316
<v Speaker 1>mean metaphorically to get where they want to go next,

0:09:08.356 --> 0:09:10.716
<v Speaker 1>because the literal where they want to go next his

0:09:10.836 --> 0:09:22.796
<v Speaker 1>arviously space. Now let's get back to the show. Peterbeck

0:09:22.876 --> 0:09:25.956
<v Speaker 1>grew up in rural New Zealand. When he was a teenager,

0:09:25.996 --> 0:09:29.716
<v Speaker 1>he started building rocket engines and attaching them to basically

0:09:29.756 --> 0:09:34.316
<v Speaker 1>a BMX bike. There's nothing better to test your conviction

0:09:34.476 --> 0:09:36.716
<v Speaker 1>of your engineering than to put a league the side

0:09:36.716 --> 0:09:40.236
<v Speaker 1>of it. Put a leg on either side of it. League, yes, correct,

0:09:40.356 --> 0:09:43.556
<v Speaker 1>how fast did it go? So it would do zero

0:09:43.556 --> 0:09:48.596
<v Speaker 1>two hundred miles an hour in a few seconds. And

0:09:48.836 --> 0:09:52.836
<v Speaker 1>they lined me up against the newest Dodge Viper and

0:09:52.916 --> 0:09:55.196
<v Speaker 1>I cleaned the Dodge Viper up in a quarter of

0:09:55.236 --> 0:09:58.476
<v Speaker 1>a mile. Peter skipped college and worked as a tool

0:09:58.556 --> 0:10:01.716
<v Speaker 1>and die apprentice at an appliance company. Bounced around for

0:10:01.796 --> 0:10:04.156
<v Speaker 1>a while after that, and in two thousand and six,

0:10:04.356 --> 0:10:07.116
<v Speaker 1>when he was around thirty years old, he founded his company,

0:10:07.236 --> 0:10:10.036
<v Speaker 1>rocket Lab. Let's get to the point where you have

0:10:10.156 --> 0:10:13.196
<v Speaker 1>money and you've started a company, What do you have

0:10:13.236 --> 0:10:16.276
<v Speaker 1>to do to build a smaller, cheaper rocket. Well, I mean,

0:10:16.556 --> 0:10:19.156
<v Speaker 1>I love your premise. You just find money and someone

0:10:19.196 --> 0:10:21.356
<v Speaker 1>just gives you money. I think it's poor to realize

0:10:21.396 --> 0:10:24.276
<v Speaker 1>that at that time, I was a crazy Kiwi running

0:10:24.276 --> 0:10:27.956
<v Speaker 1>around Silicon Valley with a one tense scale blueprint of

0:10:27.996 --> 0:10:30.676
<v Speaker 1>a rocket, in and out of boardrooms, trying to trying

0:10:30.676 --> 0:10:33.836
<v Speaker 1>to convince people that, you know, that this small locked

0:10:33.876 --> 0:10:36.676
<v Speaker 1>rocket was a real thing, and raising you know, a

0:10:36.676 --> 0:10:39.676
<v Speaker 1>few million dollars, in tens of million dollars ultimately, and

0:10:39.676 --> 0:10:42.196
<v Speaker 1>then finally hundreds of millions of dollars. But you know,

0:10:42.196 --> 0:10:44.836
<v Speaker 1>I look today and you can just kind of say

0:10:44.876 --> 0:10:47.356
<v Speaker 1>the word rocket and get written one hundred million dollars check.

0:10:47.436 --> 0:10:49.716
<v Speaker 1>Well maybe yesterday, I don't know about today. It's changing

0:10:49.796 --> 0:10:52.836
<v Speaker 1>fast out there, right, Well, it's changing fast. But but

0:10:52.876 --> 0:10:56.036
<v Speaker 1>I mean it's a different, completely different world. I don't

0:10:56.036 --> 0:10:58.236
<v Speaker 1>mean to minimize the work you did, no, no, no,

0:10:58.236 --> 0:11:00.636
<v Speaker 1>no, no no at all. So once you've got the money,

0:11:00.636 --> 0:11:02.436
<v Speaker 1>I'm sure it was easy to build a rcket. Yeah,

0:11:02.476 --> 0:11:06.196
<v Speaker 1>PiZZ k. So So I mean, I think the best

0:11:06.196 --> 0:11:08.436
<v Speaker 1>way to describe building a rocket and building a rocket

0:11:08.436 --> 0:11:11.596
<v Speaker 1>company is running through a maze at night and it

0:11:11.716 --> 0:11:14.396
<v Speaker 1>every did end. There's a guy with a shotgun, because

0:11:14.436 --> 0:11:16.796
<v Speaker 1>if you run down one of those did ends too far,

0:11:17.316 --> 0:11:20.476
<v Speaker 1>you consume too much resource and too much money and

0:11:20.516 --> 0:11:23.036
<v Speaker 1>time to be able to turn back, and you're dad

0:11:23.076 --> 0:11:26.796
<v Speaker 1>and you die. You did. So what was there a

0:11:26.836 --> 0:11:28.956
<v Speaker 1>moment early in the lafe for your company when you

0:11:28.996 --> 0:11:34.396
<v Speaker 1>almost died? Oh? Heaps, troll me one, tell me one. Well, um,

0:11:36.036 --> 0:11:39.836
<v Speaker 1>probably prior to the electron program m once we would

0:11:39.876 --> 0:11:41.996
<v Speaker 1>raise the funding for them. The electron is the small

0:11:42.076 --> 0:11:44.716
<v Speaker 1>rocket you built it to just say, correct, well, before

0:11:44.756 --> 0:11:47.796
<v Speaker 1>we were before you had a roquet up and running

0:11:47.836 --> 0:11:50.556
<v Speaker 1>a small rocket. Yeah, but there's there's a myriad of

0:11:50.596 --> 0:11:53.516
<v Speaker 1>times where you know, the wrong decision or the wrong

0:11:53.556 --> 0:11:56.516
<v Speaker 1>engineering solution would have would have ended in you know,

0:11:57.396 --> 0:11:59.916
<v Speaker 1>a terminal case for the company. And you see that

0:12:00.076 --> 0:12:02.156
<v Speaker 1>in rocket companies all the time. I mean there's a

0:12:02.636 --> 0:12:04.756
<v Speaker 1>last count that was like a hundred over one hundred

0:12:04.796 --> 0:12:07.836
<v Speaker 1>small small rocket companies trying to build small rockets, and

0:12:07.876 --> 0:12:10.676
<v Speaker 1>their rise and fall very very quickly as they run

0:12:10.716 --> 0:12:14.036
<v Speaker 1>down the wrong the wrong paths. So clearly rocket science

0:12:14.076 --> 0:12:17.116
<v Speaker 1>is hard, right, It's like the cliche hard thing. But

0:12:17.276 --> 0:12:19.716
<v Speaker 1>that we compare is your things against. But i'd love

0:12:19.716 --> 0:12:22.716
<v Speaker 1>to hear you talk about, you know, why rocket science

0:12:22.796 --> 0:12:25.836
<v Speaker 1>is hard, and in particular, why is it hard to

0:12:26.316 --> 0:12:28.356
<v Speaker 1>do what you sent out to do to send small

0:12:28.516 --> 0:12:31.756
<v Speaker 1>rockets to space. You're battling physics all the way there,

0:12:31.876 --> 0:12:33.996
<v Speaker 1>and if you're only a fraction of a percent out

0:12:34.076 --> 0:12:37.236
<v Speaker 1>on engine performance, a fraction of percent out on a

0:12:37.316 --> 0:12:39.836
<v Speaker 1>trajectory or anything like that, then you just get nothing

0:12:39.836 --> 0:12:43.876
<v Speaker 1>to orbit. You've just created a ten million dollar firework.

0:12:44.156 --> 0:12:46.516
<v Speaker 1>So that's why it's hard. And let me ask a

0:12:46.596 --> 0:12:49.036
<v Speaker 1>dumb question, why not just make it a little bigger,

0:12:49.076 --> 0:12:50.876
<v Speaker 1>put a little extra fuel in there so you have

0:12:50.916 --> 0:12:53.116
<v Speaker 1>some margin on that side. So we call it the

0:12:53.116 --> 0:12:56.356
<v Speaker 1>spiral of doom. And it's fairly obvious. So if you

0:12:56.396 --> 0:12:58.796
<v Speaker 1>have a rocket that's a little bit heavy, or you

0:12:58.836 --> 0:13:00.436
<v Speaker 1>just want to put a little bit of payload in there,

0:13:00.516 --> 0:13:03.196
<v Speaker 1>a satellite on board, then you have to add more fuel.

0:13:03.596 --> 0:13:05.876
<v Speaker 1>If you add more fuel, you need more tank to

0:13:05.916 --> 0:13:08.996
<v Speaker 1>hold the fuel because you've added more inert mass and tank.

0:13:09.116 --> 0:13:11.476
<v Speaker 1>You have to add more fuel. Because you've added more fuel,

0:13:11.476 --> 0:13:14.236
<v Speaker 1>you have to add more tank, and quickly you can

0:13:15.796 --> 0:13:18.676
<v Speaker 1>have a very big racket. Yeah, or a rocket that

0:13:18.676 --> 0:13:22.356
<v Speaker 1>doesn't even work. Yeah, this is why it's incredibly hard.

0:13:22.356 --> 0:13:25.516
<v Speaker 1>And on small launch vehicles, it's way way harder than

0:13:25.556 --> 0:13:27.436
<v Speaker 1>a big rocket. And I can say that with my

0:13:27.476 --> 0:13:30.196
<v Speaker 1>hand on my heart from from a position of authority

0:13:30.276 --> 0:13:31.916
<v Speaker 1>right now, because I'm building a big rocket and I've

0:13:31.916 --> 0:13:34.996
<v Speaker 1>built a small rocket, and you know, you just take

0:13:35.076 --> 0:13:38.796
<v Speaker 1>one component, one pressure transducer. It's just a little pressure

0:13:38.796 --> 0:13:42.356
<v Speaker 1>measuring device on a little rocket that represents you know,

0:13:42.516 --> 0:13:45.996
<v Speaker 1>point one percent of the total mass of the rocket.

0:13:46.556 --> 0:13:50.756
<v Speaker 1>On a big rocket, it represents point woo. So the

0:13:50.876 --> 0:13:54.196
<v Speaker 1>problem is that there are devices that you need to

0:13:54.236 --> 0:13:57.356
<v Speaker 1>put on any rocket, whether it's small or big. And

0:13:57.396 --> 0:13:59.836
<v Speaker 1>if it's a small rocket, the devices take up a

0:13:59.916 --> 0:14:02.676
<v Speaker 1>bigger percentage of the total mass you've got to play with.

0:14:02.836 --> 0:14:06.076
<v Speaker 1>Not everything scales down, exactly right, Not everything scales down.

0:14:06.556 --> 0:14:09.716
<v Speaker 1>So so what do you mean? Is that just a

0:14:09.756 --> 0:14:11.996
<v Speaker 1>lighter trail and error? So I get way, it's horror. Yeah,

0:14:12.036 --> 0:14:13.756
<v Speaker 1>how do you make it work? Well, you can actually

0:14:13.796 --> 0:14:16.036
<v Speaker 1>reverse the spiral of doom and make it a spiral

0:14:16.036 --> 0:14:20.196
<v Speaker 1>of joy if if you can make things light. And

0:14:20.396 --> 0:14:22.716
<v Speaker 1>you know, we were a very very first to build

0:14:22.756 --> 0:14:26.636
<v Speaker 1>an all carbon composite rocket, so you know, carbon composites

0:14:26.676 --> 0:14:29.836
<v Speaker 1>are incredibly light, and if you have a light structure,

0:14:29.876 --> 0:14:31.476
<v Speaker 1>then you don't need as much feel or you can

0:14:31.516 --> 0:14:34.396
<v Speaker 1>carry more satellites to all But and you know that

0:14:34.476 --> 0:14:37.516
<v Speaker 1>was one of the technologies that we pioneered. Both that

0:14:38.596 --> 0:14:41.916
<v Speaker 1>and you know the rocket engine Rutherford, So the three

0:14:41.996 --> 0:14:44.916
<v Speaker 1>D printing of that engine and the electric turbopump on

0:14:44.956 --> 0:14:47.796
<v Speaker 1>that engine. So these are all key technologies that make

0:14:48.036 --> 0:14:51.316
<v Speaker 1>Electron like the preeminent small launcher and then in the

0:14:51.356 --> 0:14:54.636
<v Speaker 1>market right now, So let's talk about three D printing

0:14:55.716 --> 0:14:58.436
<v Speaker 1>the engine. Tell me about three D printing the engine, Like,

0:14:58.836 --> 0:15:02.076
<v Speaker 1>why did you do it? Yeah? Did it not work

0:15:02.116 --> 0:15:04.196
<v Speaker 1>at the beginning. I'm interested in things that don't work

0:15:04.196 --> 0:15:06.196
<v Speaker 1>and then you figure out how to make them work. Well,

0:15:06.236 --> 0:15:08.516
<v Speaker 1>I mean, you love the rocket industry because almost nothing

0:15:08.556 --> 0:15:11.876
<v Speaker 1>works fres time, that's the reality, because the margins are

0:15:11.876 --> 0:15:15.356
<v Speaker 1>so slip you know, yes, yeah, because everything is always

0:15:15.436 --> 0:15:19.956
<v Speaker 1>almost failing, even when it worked. So, I mean, we

0:15:20.116 --> 0:15:23.956
<v Speaker 1>first announced the Rutherford engine back in two thy fifteen,

0:15:23.956 --> 0:15:26.156
<v Speaker 1>and we had a three D printed one, and everybody

0:15:26.276 --> 0:15:28.596
<v Speaker 1>just like, what's this guy up to? Like three D

0:15:28.676 --> 0:15:31.276
<v Speaker 1>printing a rocket engine? Seriously, And this was at a

0:15:31.356 --> 0:15:34.876
<v Speaker 1>time when three D printing was used for bottle openers

0:15:34.916 --> 0:15:38.796
<v Speaker 1>at trade shows and cats prosthetics, it was it seemed

0:15:38.796 --> 0:15:42.516
<v Speaker 1>like a gimmick, right, some gimmick to present gimmick. Yeah yeah, yeah,

0:15:42.556 --> 0:15:44.396
<v Speaker 1>yeah yeah yeah. So why did you do it and

0:15:44.636 --> 0:15:46.276
<v Speaker 1>why did it not work at first? And how did

0:15:46.316 --> 0:15:49.116
<v Speaker 1>you make it work? Well? I mean so metallic three

0:15:49.156 --> 0:15:51.756
<v Speaker 1>D printing for us was an obvious technology that it's

0:15:51.796 --> 0:15:56.676
<v Speaker 1>great to make really really complex things at relatively small volumes,

0:15:56.716 --> 0:15:59.716
<v Speaker 1>and the space industry is always small volumes. If you

0:15:59.756 --> 0:16:02.476
<v Speaker 1>can combine a number of really really complicated parts to

0:16:02.516 --> 0:16:05.676
<v Speaker 1>get it, and you can print it in a material

0:16:06.076 --> 0:16:08.836
<v Speaker 1>and have a printing process that ensures that the material

0:16:09.196 --> 0:16:12.516
<v Speaker 1>retains its strength, then you're onto a winner. So we

0:16:12.596 --> 0:16:15.156
<v Speaker 1>took a big gamble because you know, when we started it,

0:16:15.156 --> 0:16:18.796
<v Speaker 1>it was certainly a weird kind of approach. And you know,

0:16:18.876 --> 0:16:21.356
<v Speaker 1>we we printed the engine, and we went through lots

0:16:21.356 --> 0:16:24.396
<v Speaker 1>of iteration, lots of material science, and you know, it's

0:16:24.436 --> 0:16:26.676
<v Speaker 1>at the point now we've we've put two hundred and

0:16:26.716 --> 0:16:31.036
<v Speaker 1>seventy rather engines in orbit, and you know, we print

0:16:31.076 --> 0:16:34.156
<v Speaker 1>one one engine every twenty four hours or less. If

0:16:34.156 --> 0:16:36.756
<v Speaker 1>you're following traditional processes, it would be. You know, you

0:16:36.796 --> 0:16:38.996
<v Speaker 1>wouldn't produce an engine every twenty four hours. You produce

0:16:39.036 --> 0:16:41.956
<v Speaker 1>an engine a month. Oh wow, it's not like ten

0:16:42.036 --> 0:16:44.636
<v Speaker 1>percent faster or fifty percent past. It's an order of

0:16:44.756 --> 0:16:49.036
<v Speaker 1>magnitude fast. It's just unfair faster, is what it is. Unfair. Yeah,

0:16:49.236 --> 0:16:52.996
<v Speaker 1>it's completely unreasonable. So did your first test flight work?

0:16:53.116 --> 0:16:55.196
<v Speaker 1>I'm looking for a little failure here. You keep telling

0:16:55.236 --> 0:16:56.916
<v Speaker 1>me how hard everything is, But so far in this

0:16:56.996 --> 0:17:00.716
<v Speaker 1>story everything is working. What's the thing that didn't work? Well? Look,

0:17:00.756 --> 0:17:03.876
<v Speaker 1>I mean we like to fail fast, but it's it's

0:17:03.876 --> 0:17:06.556
<v Speaker 1>it's important to fail fast on you know, a component

0:17:06.636 --> 0:17:10.876
<v Speaker 1>level and subsystem level. I really don't like to fail

0:17:11.156 --> 0:17:15.636
<v Speaker 1>at full scale level rock at that you lauge to fail. No,

0:17:15.916 --> 0:17:18.596
<v Speaker 1>So you know the very first test flight, you know,

0:17:18.676 --> 0:17:20.876
<v Speaker 1>we got through all of the high risk events, you know,

0:17:20.996 --> 0:17:25.516
<v Speaker 1>launch stage separation, ignition, battery jettison, faring separation, all the

0:17:25.596 --> 0:17:28.636
<v Speaker 1>high risk events, and ultimately that launch vehicle was brought

0:17:28.676 --> 0:17:31.316
<v Speaker 1>down for one little tick box on a piece of

0:17:31.316 --> 0:17:35.956
<v Speaker 1>ground software on the flight termination system from a third party.

0:17:36.076 --> 0:17:38.156
<v Speaker 1>So even if you have your whole rocket and have

0:17:38.356 --> 0:17:42.036
<v Speaker 1>everything perfect, it was one person just didn't take a

0:17:42.076 --> 0:17:45.876
<v Speaker 1>tick box in a piece of software providing the flight

0:17:45.956 --> 0:17:49.436
<v Speaker 1>termination services, and the vehicle was terminated. What has terminated me?

0:17:49.556 --> 0:17:52.236
<v Speaker 1>In that context? You had to blow it up because

0:17:52.316 --> 0:17:54.836
<v Speaker 1>the software that was supposed to tell you whether you

0:17:54.876 --> 0:17:57.636
<v Speaker 1>had to blow it up or not didn't work right correct?

0:17:58.156 --> 0:18:01.156
<v Speaker 1>And that was your first launch, first launch, and we

0:18:01.276 --> 0:18:03.476
<v Speaker 1>were through, like I say, through all the high risk

0:18:03.516 --> 0:18:05.996
<v Speaker 1>events and just cruising on home to all. But so

0:18:06.356 --> 0:18:08.116
<v Speaker 1>you know, there was a less than sort of a

0:18:08.156 --> 0:18:11.076
<v Speaker 1>minute or more to go until we're in orbit. So yeah, no,

0:18:11.156 --> 0:18:14.436
<v Speaker 1>we're all in the control room and we, like I said,

0:18:14.436 --> 0:18:19.036
<v Speaker 1>we watched the very first launch go flawlessly, and then

0:18:19.076 --> 0:18:21.836
<v Speaker 1>we're standing there in the engine just shut down. Is

0:18:21.876 --> 0:18:24.876
<v Speaker 1>there any there might not be? But is there any

0:18:24.916 --> 0:18:27.236
<v Speaker 1>bigger a lesson from that or is it just the

0:18:27.316 --> 0:18:28.996
<v Speaker 1>kind of thing that always goes wrong and there's nothing

0:18:29.036 --> 0:18:30.956
<v Speaker 1>you can do about it. No. I think the lesson

0:18:31.076 --> 0:18:34.956
<v Speaker 1>is that there is a million ways for a launch

0:18:35.036 --> 0:18:37.716
<v Speaker 1>vehicle or a rocket to fail, and you have to

0:18:37.756 --> 0:18:40.116
<v Speaker 1>be over each one of those million ways. Yeah, it's

0:18:40.156 --> 0:18:42.956
<v Speaker 1>like it's like it should never work, it should never work.

0:18:42.996 --> 0:18:46.156
<v Speaker 1>It's like if a rocket gets to space successfully, that's like, well,

0:18:46.196 --> 0:18:48.516
<v Speaker 1>how does that even happen if you sat there and

0:18:48.556 --> 0:18:50.676
<v Speaker 1>you wrote all of the things on a piece of

0:18:50.676 --> 0:18:53.516
<v Speaker 1>paper that have to work every time, including things like

0:18:53.876 --> 0:18:56.916
<v Speaker 1>weather and all the other constraints that have to be

0:18:56.956 --> 0:19:00.796
<v Speaker 1>perfectly aligned. It's a minor miracle that a rocket ever launches,

0:19:00.916 --> 0:19:02.876
<v Speaker 1>any rocket ever launches. And yet I mean, when I

0:19:02.996 --> 0:19:06.076
<v Speaker 1>think about what your company is trying to do, am

0:19:06.076 --> 0:19:08.956
<v Speaker 1>I right to think that that ultimately what you want

0:19:08.956 --> 0:19:10.956
<v Speaker 1>to solve? Right? As I understand your company, you want,

0:19:10.996 --> 0:19:13.636
<v Speaker 1>like going to space to be this boring, routine, cheap

0:19:13.756 --> 0:19:16.996
<v Speaker 1>thing like whatever, sending something ups or something. I mean,

0:19:17.116 --> 0:19:19.996
<v Speaker 1>is that a fair way to think about what you're

0:19:19.996 --> 0:19:23.196
<v Speaker 1>trying to do? Yeah? I think I think, um, externally,

0:19:23.236 --> 0:19:27.196
<v Speaker 1>at least it looking routine is what you want. You

0:19:27.236 --> 0:19:29.276
<v Speaker 1>want need to think it's easy, and you to know

0:19:29.356 --> 0:19:32.556
<v Speaker 1>that it's still hard. Well, the reality is it is.

0:19:32.956 --> 0:19:36.236
<v Speaker 1>I mean, and I was, I was that young, bright

0:19:36.276 --> 0:19:38.716
<v Speaker 1>eyed entrepreneur that would sit on all the launch panels

0:19:39.516 --> 0:19:43.236
<v Speaker 1>with you know, with all the incumbent launch providers and say, oh,

0:19:43.316 --> 0:19:45.476
<v Speaker 1>launch is going to be a commodity and it's and

0:19:45.756 --> 0:19:47.596
<v Speaker 1>you just it's going to be ups and all the

0:19:47.596 --> 0:19:50.556
<v Speaker 1>rest of it. The reality is, as we've talked about

0:19:50.596 --> 0:19:53.556
<v Speaker 1>as launch is incredibly hard, and yeah, there's a bunch

0:19:53.596 --> 0:19:56.356
<v Speaker 1>of things that can can make it easier. Um and

0:19:56.916 --> 0:19:59.596
<v Speaker 1>you know, systems get better and better, but it always

0:19:59.836 --> 0:20:02.636
<v Speaker 1>is an incredibly difficult technical feat. Do you think it

0:20:02.676 --> 0:20:05.036
<v Speaker 1>will never be like sending a package UPS? Do you

0:20:05.036 --> 0:20:08.956
<v Speaker 1>think it's just the laws of physics are so demand.

0:20:09.116 --> 0:20:10.876
<v Speaker 1>I think it's so hard to get things to space

0:20:10.916 --> 0:20:13.476
<v Speaker 1>that it just will never be this kind of Every

0:20:13.476 --> 0:20:15.396
<v Speaker 1>week we're sending up a rocket. It's cheap and easy

0:20:15.396 --> 0:20:16.716
<v Speaker 1>to come and get on board. You think that's just

0:20:16.796 --> 0:20:18.796
<v Speaker 1>we're not going to get there now. I wouldn't say that,

0:20:18.996 --> 0:20:21.596
<v Speaker 1>but I think for the end customer it probably feels

0:20:21.636 --> 0:20:24.836
<v Speaker 1>like that. But behind the scenes, behind the scenes, UPS

0:20:24.876 --> 0:20:27.276
<v Speaker 1>feels hard too. Right that they get all our packages

0:20:27.316 --> 0:20:30.036
<v Speaker 1>here at Christmas, that's also miraculous, right, I don't think

0:20:30.036 --> 0:20:33.356
<v Speaker 1>they'd say it's exactly Yeah. Yeah, So you start out

0:20:33.356 --> 0:20:37.796
<v Speaker 1>with this idea of small rockets. There's just one big

0:20:37.836 --> 0:20:41.956
<v Speaker 1>idea of small rocket. Now jump to whatever number of

0:20:42.036 --> 0:20:46.996
<v Speaker 1>years later, you're doing big rockets, famous reversal, but also

0:20:47.596 --> 0:20:52.076
<v Speaker 1>building spacecraft, satellites and little interplanetary probs. So now you're

0:20:52.156 --> 0:20:54.916
<v Speaker 1>kind of trying to do sort of everything. I mean,

0:20:54.956 --> 0:20:58.276
<v Speaker 1>it's that yeah, because I mean, if you if you

0:20:58.316 --> 0:21:01.556
<v Speaker 1>just do launch, that's great, you solve launch, awesome, that's

0:21:01.596 --> 0:21:05.876
<v Speaker 1>a that's a noble thing. But you know, if you

0:21:05.916 --> 0:21:08.356
<v Speaker 1>want the space industry, in this space economy to grow

0:21:08.436 --> 0:21:11.436
<v Speaker 1>like we all we want it to and as some predict,

0:21:12.116 --> 0:21:14.996
<v Speaker 1>then you have to solve much much more than launch,

0:21:15.236 --> 0:21:17.956
<v Speaker 1>because the space industry, you know, you know, following your

0:21:17.996 --> 0:21:21.996
<v Speaker 1>thesis of industrialization, the space industry is a subscale industry

0:21:22.396 --> 0:21:26.756
<v Speaker 1>full of very very small niche providers that are used

0:21:26.756 --> 0:21:29.956
<v Speaker 1>to building one or two or teens of well maybe

0:21:30.076 --> 0:21:33.516
<v Speaker 1>at an extreme hundreds of something a year, just little components,

0:21:33.596 --> 0:21:35.996
<v Speaker 1>little pieces that go in a satellite or a rocket

0:21:36.156 --> 0:21:38.596
<v Speaker 1>like so you have the sort of brilliant master craftsmen

0:21:38.916 --> 0:21:41.956
<v Speaker 1>making really just a few kind of perfect parts that

0:21:41.996 --> 0:21:46.756
<v Speaker 1>are extraordinarily expensive like that and extraordinarily difficult and all

0:21:46.796 --> 0:21:49.156
<v Speaker 1>the rest of the yes, which is which is how

0:21:49.156 --> 0:21:51.396
<v Speaker 1>the space industry is today. Now, if we want to

0:21:51.396 --> 0:21:55.196
<v Speaker 1>fast forward where we're truly a space driven economy, then

0:21:55.276 --> 0:21:57.196
<v Speaker 1>that can't that can't be like that. We have to

0:21:57.236 --> 0:22:00.476
<v Speaker 1>scale and this is kind of the other part of

0:22:00.516 --> 0:22:02.276
<v Speaker 1>what we're trying to do. Here is if you look

0:22:02.276 --> 0:22:06.516
<v Speaker 1>at you know, the acquisitions and also our internal developed programs,

0:22:06.516 --> 0:22:09.556
<v Speaker 1>it's all about not just building one or two unique things,

0:22:09.596 --> 0:22:12.836
<v Speaker 1>but building you know, those things at scale. And if

0:22:12.836 --> 0:22:15.276
<v Speaker 1>you have those those things at scale, and satellites at

0:22:15.276 --> 0:22:17.676
<v Speaker 1>scale and launch at scale, now we can talk about

0:22:17.716 --> 0:22:21.876
<v Speaker 1>industrializing space. Once that happens, it'll get cheaper. Certainly, is

0:22:21.916 --> 0:22:25.036
<v Speaker 1>cheaper the most important, will get more consistent, more reliable

0:22:25.116 --> 0:22:27.316
<v Speaker 1>or is it mostly cheaper that that's doing. Yeah, I

0:22:27.356 --> 0:22:30.556
<v Speaker 1>think prices will will definitely drop. But I think to

0:22:30.636 --> 0:22:34.876
<v Speaker 1>me what's more interesting is capability. You know, capability is

0:22:35.316 --> 0:22:37.956
<v Speaker 1>the real needle mover here, because if you can reduce costs,

0:22:37.956 --> 0:22:40.036
<v Speaker 1>then more can happen. That's a fact. But if you

0:22:40.036 --> 0:22:44.676
<v Speaker 1>can actually put some new capabilities on orbit and create

0:22:44.756 --> 0:22:47.636
<v Speaker 1>infrastructure in orbit, that's when you'll see the payoff. Can

0:22:47.636 --> 0:22:49.916
<v Speaker 1>you give me a specific example of a thing that

0:22:50.276 --> 0:22:52.916
<v Speaker 1>a capability that it just isn't there today that you

0:22:53.436 --> 0:22:56.676
<v Speaker 1>could imagine getting once you get to sort of scaled

0:22:56.756 --> 0:22:58.996
<v Speaker 1>up full scale industry. I think you're seeing a real

0:22:59.036 --> 0:23:01.396
<v Speaker 1>time right. I mean, there's there's a lot of companies

0:23:01.436 --> 0:23:05.036
<v Speaker 1>that are working very very hard to deliver Internet from space.

0:23:05.396 --> 0:23:07.356
<v Speaker 1>That's one of those technologies. If you can be anywhere

0:23:07.396 --> 0:23:11.156
<v Speaker 1>on the planet and you know, stream the world's encyclopedias

0:23:11.236 --> 0:23:14.956
<v Speaker 1>to a device, then I think that fundamentially does change

0:23:15.076 --> 0:23:19.596
<v Speaker 1>humanity at that point. So I started the show today

0:23:19.956 --> 0:23:23.276
<v Speaker 1>by talking about how technology makes things cheap and boring.

0:23:23.756 --> 0:23:26.876
<v Speaker 1>But this thing Peter is saying here it adds a

0:23:26.916 --> 0:23:31.876
<v Speaker 1>really big crucial piece to that idea. Once technology is

0:23:31.996 --> 0:23:35.476
<v Speaker 1>cheap and boring, then people can build exciting new things

0:23:35.516 --> 0:23:39.036
<v Speaker 1>on top of it. You know, when semiconductors got cheaper,

0:23:39.316 --> 0:23:43.156
<v Speaker 1>we didn't just get cheaper pocket calculators and mainframes. We

0:23:43.276 --> 0:23:47.076
<v Speaker 1>got laptops and iPhones and cars that can almost drive themselves.

0:23:47.556 --> 0:23:49.916
<v Speaker 1>And the same thing is likely to be true with space.

0:23:50.716 --> 0:23:53.436
<v Speaker 1>If rockets and satellites become as cheap as Peter hopes,

0:23:53.756 --> 0:23:55.956
<v Speaker 1>people will build new things on top of them, things

0:23:55.996 --> 0:23:58.916
<v Speaker 1>we can't even imagine yet, things that are not boring

0:23:59.156 --> 0:24:03.916
<v Speaker 1>at all. Skill more to come on a show today,

0:24:04.116 --> 0:24:06.436
<v Speaker 1>and by more to come, I mean, of course the

0:24:06.516 --> 0:24:18.276
<v Speaker 1>lightning round. Now let's get back to what's your problem.

0:24:18.396 --> 0:24:21.756
<v Speaker 1>I want to close with just a very quick lightning round,

0:24:21.876 --> 0:24:24.596
<v Speaker 1>a bunch of quick questions, but not too many. Now

0:24:24.636 --> 0:24:26.356
<v Speaker 1>that you're building a big roquet, Are you going to

0:24:26.476 --> 0:24:32.756
<v Speaker 1>use it to go to space? Personally? Yeah? No, easy car.

0:24:33.356 --> 0:24:37.436
<v Speaker 1>I mean I have tremendous respect for any astronaut, but

0:24:38.396 --> 0:24:43.996
<v Speaker 1>spaceflights is incredibly difficult and I know too much, so

0:24:44.156 --> 0:24:47.156
<v Speaker 1>it would not be enjoyable trip. What's one piece of

0:24:47.156 --> 0:24:49.716
<v Speaker 1>advice you'd give to somebody trying to solve a hard problem.

0:24:50.156 --> 0:24:52.836
<v Speaker 1>Break it into first principles, break it, break it into

0:24:52.876 --> 0:24:55.476
<v Speaker 1>the laws that don't bend, like laws of physics, and

0:24:56.036 --> 0:24:59.076
<v Speaker 1>start with the first principles and the then construct it

0:24:59.116 --> 0:25:01.756
<v Speaker 1>from there. Good. Do you have any advice for somebody

0:25:01.796 --> 0:25:04.036
<v Speaker 1>who wants to start a company but didn't go to college,

0:25:04.236 --> 0:25:06.916
<v Speaker 1>Just do it. I mean, choose the biggest, the biggest idea.

0:25:06.996 --> 0:25:09.316
<v Speaker 1>Don't bother building a little company. Go after the really

0:25:09.396 --> 0:25:12.076
<v Speaker 1>big ideas, because whether you build a little company or

0:25:12.076 --> 0:25:13.956
<v Speaker 1>a big company, the pain and the stress is all

0:25:13.956 --> 0:25:15.556
<v Speaker 1>the same, So you might as well just do a

0:25:15.596 --> 0:25:18.836
<v Speaker 1>big company. Go after things that have real impact, things

0:25:18.836 --> 0:25:21.596
<v Speaker 1>that you're very passionate about. And what's the worst that

0:25:21.636 --> 0:25:24.196
<v Speaker 1>can happen. I mean, you're not going to die. You

0:25:24.276 --> 0:25:32.356
<v Speaker 1>might fail, but that's fine. Rocketman or Major Tom Rocketman,

0:25:32.956 --> 0:25:36.156
<v Speaker 1>great anything else? You want to say, I should have

0:25:36.156 --> 0:25:39.036
<v Speaker 1>had a coffee before this interview is It's getting diving

0:25:39.116 --> 0:25:45.836
<v Speaker 1>Deep Diving Deep with Peterbeck, founder and CEO of rocket Lab.

0:25:48.916 --> 0:25:52.036
<v Speaker 1>Quick programming Note, the show will be on hiatus for

0:25:52.076 --> 0:25:55.076
<v Speaker 1>the next couple of weeks. Weekly episodes will start up

0:25:55.076 --> 0:25:58.916
<v Speaker 1>again on Thursday, June twenty three. Today's show was produced

0:25:58.916 --> 0:26:02.116
<v Speaker 1>by Edith Russolo, edited by Robert Smith, and engineered by

0:26:02.116 --> 0:26:05.156
<v Speaker 1>Amanda ka Wong. I'm Jake Goldstein and I'll be back

0:26:05.236 --> 0:26:14.836
<v Speaker 1>later this month with another episode of What's Your Problem