WEBVTT - Elon Tests Limits of Free Speech while SpaceX Racks Up the Wins

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio news.

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<v Speaker 2>Well, Elon Musk is now the richest person on the planet.

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<v Speaker 3>More than half the satellites in space are owned and

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<v Speaker 3>controlled by one man.

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<v Speaker 2>Well, he's a legitimate super genius.

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<v Speaker 1>I mean legitimate.

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<v Speaker 4>He says he's always voted for Democrats, but this year

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<v Speaker 4>it will be different.

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<v Speaker 5>He'll vote Republican.

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<v Speaker 6>There is a reason the US government is so reliant

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<v Speaker 6>on him.

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<v Speaker 1>Alon Musk is a scam artist and he's done nothing.

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<v Speaker 5>Anything he does, he's fascinating people.

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<v Speaker 3>Welcome to elan Ing, Bloomberg's weekly podcast about Elon Musk.

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<v Speaker 3>It's Tuesday, September seventeenth. I'm your host, David Papadopolis. Now

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<v Speaker 3>following Elon can be a lot. One day he'll ekes

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<v Speaker 3>out a wild conspiracy theory or offer to give Taylor

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<v Speaker 3>Swift a child, and the next he's inking some multi

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<v Speaker 3>billion dollar government contractor meeting with a powerful world leader.

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<v Speaker 3>You just never know what you're gonna get when you

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<v Speaker 3>open the newspaper. Will it be doctor Elon or will

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<v Speaker 3>it be mister Musk. Sometimes it's a little of both,

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<v Speaker 3>as was the case his past week. In recent days,

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<v Speaker 3>Elon somehow inserted himself in the center of some of

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<v Speaker 3>the most controversial and ugly moments of a presidential campaign

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<v Speaker 3>season that has been frankly nothing but controversial and ugly. Meanwhile,

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<v Speaker 3>his company, SpaceX made history one day and then landed

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<v Speaker 3>a seriously good contract the other. To cure the spinning

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<v Speaker 3>in my head, I'm joined in the studio by our

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<v Speaker 3>regulars Elon Musk, reporter Dana Hall there, Dana Hey, BusinessWeek

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<v Speaker 3>writer Max Chafkin, Max Hey, David, and Sarah, a friar

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<v Speaker 3>who runs our Big Tech coverboard.

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<v Speaker 6>Sarah, Hello, thank you for having me.

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<v Speaker 3>Okay, so, and then later on we're going to be

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<v Speaker 3>joined by Eric Johnson, our Space editor, to talk SpaceX.

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<v Speaker 3>But Sarah, let's start with the e sing. So, as

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<v Speaker 3>far as I could tell, and I was doing my

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<v Speaker 3>darnness not to pay too much attention, but mostly failing,

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<v Speaker 3>I've seen Elon on some kind of role. He did

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<v Speaker 3>his best to spread the rumor that Haitian immigrants are

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<v Speaker 3>consuming cats and dogs. He did, indeed tell Taylor Swift

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<v Speaker 3>that he would give her a child, and then, in

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<v Speaker 3>the wake of what appears to be a second assassination

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<v Speaker 3>attempt on the former president Donald Trump. He wondered in

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<v Speaker 3>an ex why no one is taking a crack at

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<v Speaker 3>Kamala Harris and Joe Biden Sarah. He would go on

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<v Speaker 3>to delete that ex but the damage was done.

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<v Speaker 6>H The deleting was probably the most surprising part of that,

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<v Speaker 6>the fact that he you know, backed down and took

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<v Speaker 6>it back. I think we are just seeing Musk go

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<v Speaker 6>on an absolute power trip over these conspiracies that I

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<v Speaker 6>think are very popular in the Trump dvance world, but

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<v Speaker 6>of course have have little connection or no connection in

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<v Speaker 6>the case of the Haitian conspiracy to reality. And I

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<v Speaker 6>think that it doesn't matter for Musk. When he took

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<v Speaker 6>over Twitter, if you remember, he said, like, you know,

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<v Speaker 6>humor is allowed on the Internet. Again, those aren't his

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<v Speaker 6>exact words, but he sees this as like as like

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<v Speaker 6>playing online trolling and posting, and am I allowed to

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<v Speaker 6>say posting?

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<v Speaker 3>You just did?

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<v Speaker 6>I just did that is I think the technical term

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<v Speaker 6>for like just going absolutely wild on the internet against

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<v Speaker 6>your rivals and then saying it was.

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<v Speaker 1>All a joke, which is what he said about.

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<v Speaker 6>That Kamala Biden. You know, why have and they've been

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<v Speaker 6>assassinated to get comment. Of course, these things that he

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<v Speaker 6>does do not exist in some you know X group

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<v Speaker 6>chat vacuum that he has. They have real world implications.

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<v Speaker 6>There have been bomb threats on schools in Springfield, where

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<v Speaker 6>one of the cities that has been a target of

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<v Speaker 6>those anti immigrant rumors, and coming out and adding fuel

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<v Speaker 6>to that fire has real world danger. And it really

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<v Speaker 6>doesn't seem to resonate with Musk that that's something that

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<v Speaker 6>he is control of, or maybe if he does sense

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<v Speaker 6>that he has power over it, he doesn't care.

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<v Speaker 1>You know what's weird to me about this is that

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<v Speaker 1>Musk is someone who is deeply paranoid about his own security, right.

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<v Speaker 1>I mean, he travels with a phalanx of bodyguards, he

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<v Speaker 1>has young kids. There are all kinds of like fans

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<v Speaker 1>and stalkers who are trying to like climb over the

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<v Speaker 1>SpaceX fence to get to him. And there was actually

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<v Speaker 1>like a disgruntled Tesla employee who drove to Austin from

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<v Speaker 1>Minnesota after threatening to kill both Joe Biden and Elon. Fortunately,

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<v Speaker 1>like the cops got wind of bit ahead of time

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<v Speaker 1>and they arrested this guy. But like Musk knows that,

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<v Speaker 1>like there are serious attempts, you know, on all political

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<v Speaker 1>leaders and on himself. And so for someone who is

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<v Speaker 1>so paranoid about his own security to kind of make

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<v Speaker 1>this flippant, quote unquote joke about the current president. I mean,

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<v Speaker 1>I just sort of wonder legally if it if it's

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<v Speaker 1>incitement of violence, because that's certainly what critics are saying.

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<v Speaker 1>And I wonder, like, you know, he left it up

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<v Speaker 1>for hours, it got forty million impressions. Did he take

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<v Speaker 1>it down because he got a phone call from the

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<v Speaker 1>FBI or the Secret Service? Or was there just like

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<v Speaker 1>enough of a backlash among his employees, Like I mean,

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<v Speaker 1>that tweet was up for quite a long time, and

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<v Speaker 1>now he's just sort of back at it again today.

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<v Speaker 3>Yeah, well, Max, you looked into the legality question, what

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<v Speaker 3>would you find?

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<v Speaker 2>So in the United States famously has very expansive, very

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<v Speaker 2>expansive view of free speech, whu more expansive than in

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<v Speaker 2>other countries. You know, what Musk did is probably legal.

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<v Speaker 2>The Supreme Court has held that it needs to be

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<v Speaker 2>a true threat. In other words, if you're joking, if

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<v Speaker 2>you're just spouting off, if you're engaging in political speech.

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<v Speaker 2>I think all of those are potential explanations for what

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<v Speaker 2>Musk was doing, and of course he offered the joking explanation.

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<v Speaker 2>You're allowed to get you know, you're allowed to use

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<v Speaker 2>violent metaphors and so on, so it's unlikely that it's illegal.

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<v Speaker 2>But I do think Dan is probably right that that

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<v Speaker 2>somebody in a position of authority may have complained, because

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<v Speaker 2>of course Musk isn't just a regular guy. He's got

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<v Speaker 2>a huge following, and these the words that he is

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<v Speaker 2>saying have consequences, consequences for real people. And Sarah brought

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<v Speaker 2>up what's happened in Springfield, where Springfield, Ohio, where schools

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<v Speaker 2>have closed, where people are suffering because of these lies

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<v Speaker 2>that are being you know, transmitted, generated by Elon Musk

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<v Speaker 2>and others on his platform, and and like, you know,

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<v Speaker 2>we're seeing another version of it. You know, he took

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<v Speaker 2>it down and offered kind of a lame explanation that

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<v Speaker 2>doesn't make sense because I don't think it was funny.

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<v Speaker 2>But of course he's saying it was a joke, so

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<v Speaker 2>hopefully he won't suggest that any other public figures need

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<v Speaker 2>to be assassinated in the future.

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<v Speaker 6>It's just so so frequently the response to this kind

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<v Speaker 6>of thing, this kind of thing is that, you know,

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<v Speaker 6>outrage from liberals is kind of the goal. Like when

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<v Speaker 6>this kind of thing happens, it's it's like, oh my god,

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<v Speaker 6>we made them freak out again, Like how do they

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<v Speaker 6>not understand our humor? Like why are they such you know,

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<v Speaker 6>I remember the term snowflakes in the earlier Trump administration. Right,

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<v Speaker 6>this is almost a means to to provoke, to to

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<v Speaker 6>get a reaction, to troll to troll. And I think

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<v Speaker 6>that the Kamala Harris campaign their strategy is to kind

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<v Speaker 6>of like point and laugh when when Republicans do that,

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<v Speaker 6>instead kind of leaning into the oh my gosh, we're

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<v Speaker 6>so horrified, this is so scary Sarah.

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<v Speaker 3>Which is what she did so effectively during the debate

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<v Speaker 3>when Trump launched into his hole in Springfield. They're eating

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<v Speaker 3>the cats, they're eating the dogs. She did break out

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<v Speaker 3>into laughter. I guess the other question I have, though, Max,

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<v Speaker 3>is when he took it down and before he did,

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<v Speaker 3>I wonder if the government had particular leverage on him,

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<v Speaker 3>given the nature the contracts that he's got with the

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<v Speaker 3>Defense Department, with NASAU, with with other departments across the

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<v Speaker 3>across the government.

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<v Speaker 2>I mean, I have to think it didn't get that far.

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<v Speaker 2>I mean, it does there is like something strange and

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<v Speaker 2>potentially interesting about about a major defense contractor first of all,

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<v Speaker 2>major defense hunter getting so involved in the political processes

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<v Speaker 2>as Elon Musk has, but also you know, obviously like

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<v Speaker 2>going more towards a tiptoeing the line towards incitement like

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<v Speaker 2>that seems like the kind of thing that the Defense

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<v Speaker 2>Department and others probably consider problematic. But my guess is

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<v Speaker 2>like FBI, somebody in a position of authority gave him

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<v Speaker 2>a friendly call and suggested that what he was doing

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<v Speaker 2>was dangerous without having to exert any extra pressure.

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<v Speaker 3>And danis So I guess this has got me just

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<v Speaker 3>thinking that the whole thing, especially this ratitat that rapid fire,

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<v Speaker 3>you know, him inserting himself into one of these you know,

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<v Speaker 3>big issues after another and really throwing himself into the

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<v Speaker 3>political sphere is just a window into the extreme politization

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<v Speaker 3>of Elon Musk.

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<v Speaker 1>Well the way that I think of it as twofold. So,

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<v Speaker 1>you know, on the one hand, Musk is using his money.

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<v Speaker 1>He created a super pack called America Pack. They are

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<v Speaker 1>not just funding, you know, helping to fund the Trump campaign,

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<v Speaker 1>but they are now going down ballot, like we have

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<v Speaker 1>a stor out this morning based on an FC filing

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<v Speaker 1>that I spotted really late last night. They are now

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<v Speaker 1>funding like over fifteen house races and key districts in Maine,

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<v Speaker 1>in Nebraska, California, Ohio, New Jersey, New York. Like he

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<v Speaker 1>is all in. He's like the new Sheldon Nagelsen right

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<v Speaker 1>in terms of just like funding not just Trump but

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<v Speaker 1>you know, but very key congressional races in an attempt

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<v Speaker 1>to keep the House. But separately, the way that he

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<v Speaker 1>behaves on X, the platform that he owns, is like

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<v Speaker 1>an in kind contribution to the Trump campaign because Trump

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<v Speaker 1>and Vans are running on immigration and fear, and Elon

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<v Speaker 1>Musk is all about amplifying those fears and amplifying all

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<v Speaker 1>this nonsense about you know, immigration and crime, and like

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<v Speaker 1>he so it's like it's like a tacit.

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<v Speaker 5>You know.

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<v Speaker 1>I don't know if the campaigns are coordinating, but like

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<v Speaker 1>that is the main message of the Trump Vans campaign,

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<v Speaker 1>and those are the main messages that Musk is amplifying

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<v Speaker 1>on the platform that he owns.

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<v Speaker 3>No, that's absolutely right. And I guess the question I

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<v Speaker 3>have for you guys is, you know, to me, as

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<v Speaker 3>I watched the way it played out two days later

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<v Speaker 3>at the debate. It comes out of Trump's mouth and

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<v Speaker 3>that ramble. It comes off to me watching it from apart,

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<v Speaker 3>as patently absurd and a losing hand for the Republicans

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<v Speaker 3>and for their candidate.

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<v Speaker 5>It's not a.

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<v Speaker 1>Losing hand because it's all anyone is talking about. It's

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<v Speaker 1>like it is a strategy, because all of a sudden,

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<v Speaker 1>everyone is talking about cats and dogs and Haiti and

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<v Speaker 1>immigration and not the economy and abortion rights, and it

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<v Speaker 1>is a strategy.

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<v Speaker 2>There's a difference though, between saying it's a good strategy

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<v Speaker 2>and it's a strategy. I think Dan is right. It

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<v Speaker 2>is a strategy, and depending on what happens, we can

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<v Speaker 2>conclude that it was good or bad. But it does not,

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<v Speaker 2>on its face a good strategy. I think most people

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<v Speaker 2>when you look at the polling of that debate, the

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<v Speaker 2>polling was very much in Harris's favor. We've talked about

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<v Speaker 2>the ways that Elon Musk has sort of red pilled

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<v Speaker 2>himself into the fringe and how that is bad for business.

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<v Speaker 2>I think it's also bad for Donald Trump. The fringe

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<v Speaker 2>is not a majority, but.

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<v Speaker 6>If you watch the debate, sure, but people aren't getting

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<v Speaker 6>their information from the events as they happen anymore, they're

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<v Speaker 6>getting the information as it's recycled and remixed by online commentators,

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<v Speaker 6>and so in that world, this doesn't actually matter if

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<v Speaker 6>something is true. It just matters if one of the

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<v Speaker 6>people you follow, who you admire says it's good for

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<v Speaker 6>Trump process.

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<v Speaker 3>That's definitely a fair point, and you know, all shall

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<v Speaker 3>be revealed when they cast the votes in early November.

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<v Speaker 3>But Sarah, I would say that a a lot of

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<v Speaker 3>people actually did watch that debate. I don't remember the

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<v Speaker 3>exact number, but it was a significant chunk of the population.

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<v Speaker 3>And b again, I get how everyone's talking about it,

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<v Speaker 3>but you know, when Hillary Clinton made that big mistake

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<v Speaker 3>of uttering the words, you know, calling a large chunk

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<v Speaker 3>of the Trump supporters or was it a basket of

0:12:59.559 --> 0:13:03.079
<v Speaker 3>the poor plorable, everybody was talking about that as well,

0:13:03.200 --> 0:13:06.760
<v Speaker 3>and that was an unmitigated disaster for her campaign. But

0:13:06.840 --> 0:13:08.680
<v Speaker 3>you know, Dana, you've been doing a lot of reporting

0:13:09.000 --> 0:13:12.480
<v Speaker 3>on the activity of Musk's pack. I believe you guys

0:13:12.520 --> 0:13:14.760
<v Speaker 3>are reported recently that they've we've seen some of the

0:13:14.840 --> 0:13:16.959
<v Speaker 3>numbers in terms of the kind of money they've actually

0:13:17.040 --> 0:13:19.240
<v Speaker 3>been spending in the last couple months.

0:13:19.480 --> 0:13:21.920
<v Speaker 1>Yeah, I mean it's so it's the filings tick up

0:13:21.920 --> 0:13:24.520
<v Speaker 1>every you know, like there's basically like a filing every

0:13:24.640 --> 0:13:27.480
<v Speaker 1>night that looks at their expenditures and the total spent

0:13:27.720 --> 0:13:29.400
<v Speaker 1>by the pack is fifty million. And this is on

0:13:29.440 --> 0:13:33.319
<v Speaker 1>everything's from text messages to mailers to hiring door knockers

0:13:33.400 --> 0:13:36.679
<v Speaker 1>and key states like North Carolina and Michigan. But Musk

0:13:36.760 --> 0:13:40.000
<v Speaker 1>is also going down ballot and in this filing last night,

0:13:40.480 --> 0:13:43.760
<v Speaker 1>you're seeing them spend it's like roughly two million dollars

0:13:43.800 --> 0:13:46.439
<v Speaker 1>on like fifteen different house races and that that might

0:13:46.480 --> 0:13:48.079
<v Speaker 1>not sound like a lot of money, but like we're

0:13:48.080 --> 0:13:50.520
<v Speaker 1>going to continue to see spending between now and November,

0:13:50.960 --> 0:13:52.720
<v Speaker 1>and just the fact that they are now targeting the

0:13:52.800 --> 0:13:55.760
<v Speaker 1>house just shows that, like Musk is going for the

0:13:55.800 --> 0:13:59.400
<v Speaker 1>trifecta and you know these are these are key races

0:13:59.440 --> 0:14:01.880
<v Speaker 1>that could that could swing you know, they're just gonna

0:14:01.880 --> 0:14:02.600
<v Speaker 1>be very important.

0:14:02.679 --> 0:14:06.160
<v Speaker 3>Yeah, we've got actually one of the ads here that

0:14:06.280 --> 0:14:08.800
<v Speaker 3>has been produced by his pack. Let's listen to it.

0:14:08.840 --> 0:14:09.000
<v Speaker 5>Now.

0:14:09.160 --> 0:14:12.200
<v Speaker 7>If you sit the selection out, Kamala and the Crazies

0:14:12.240 --> 0:14:15.280
<v Speaker 7>will win. That means you'll be stuck with igher costs

0:14:15.320 --> 0:14:18.600
<v Speaker 7>and more illegals invading our country. Now Trump is the

0:14:18.640 --> 0:14:22.440
<v Speaker 7>American badass. Will stop this nonsense, vote for Trump and

0:14:22.680 --> 0:14:23.760
<v Speaker 7>save America.

0:14:24.360 --> 0:14:28.240
<v Speaker 3>You know what, this whole thing strikes me as as

0:14:28.280 --> 0:14:32.160
<v Speaker 3>a lifelong gambler who knows what it's like as you're

0:14:32.200 --> 0:14:34.720
<v Speaker 3>getting towards the end of the end of the day

0:14:34.760 --> 0:14:38.440
<v Speaker 3>at the races and your down money max is, you know,

0:14:38.520 --> 0:14:40.880
<v Speaker 3>you start doubling and tripling down to try to get

0:14:40.880 --> 0:14:43.200
<v Speaker 3>out and try to get back to even or up money.

0:14:43.600 --> 0:14:46.520
<v Speaker 3>I get the sense that when he, you know, launched

0:14:46.560 --> 0:14:49.160
<v Speaker 3>in and threw his support behind Trump, things were looking

0:14:49.280 --> 0:14:52.360
<v Speaker 3>rosy and pretty darn good, and now that they're looking

0:14:52.560 --> 0:14:57.080
<v Speaker 3>a little less good, you know, he's like I get

0:14:57.080 --> 0:14:59.440
<v Speaker 3>a little bit of this double and triple down sense.

0:14:59.720 --> 0:15:02.480
<v Speaker 2>I mean, I think that Dana and Sarah are both

0:15:02.640 --> 0:15:05.080
<v Speaker 2>hinting at this in various ways. But like, you know,

0:15:05.160 --> 0:15:08.000
<v Speaker 2>turning out your base is like one part part of

0:15:08.080 --> 0:15:10.240
<v Speaker 2>how you win an election, and like I think you

0:15:10.280 --> 0:15:13.840
<v Speaker 2>could kind of you can, you know, interpret this ad

0:15:13.840 --> 0:15:16.120
<v Speaker 2>in that way as like this is a way to

0:15:16.200 --> 0:15:19.560
<v Speaker 2>increase turnout among people who are likely to support President Trump.

0:15:19.720 --> 0:15:22.200
<v Speaker 2>On the other hand, it does feel just like the

0:15:22.360 --> 0:15:25.520
<v Speaker 2>kind like just not something that is gonna like sway

0:15:25.760 --> 0:15:28.360
<v Speaker 2>a swing voter. I just taken a couple steps back.

0:15:28.640 --> 0:15:31.040
<v Speaker 2>One thing that has struck me listening to Dana and

0:15:31.080 --> 0:15:34.120
<v Speaker 2>reading her reporting is just when Elon Musk first started

0:15:34.120 --> 0:15:36.840
<v Speaker 2>talking about these donations, right there was all of this

0:15:37.000 --> 0:15:39.200
<v Speaker 2>question like is he really gonna do it? He kind

0:15:39.200 --> 0:15:41.840
<v Speaker 2>of created all this uncertainty. He's like, I'm not supporting Trump,

0:15:41.920 --> 0:15:45.880
<v Speaker 2>I'm I'm just creating a meritocratic pack or whatever, and

0:15:45.960 --> 0:15:48.640
<v Speaker 2>like that's all out the window right this. And it's

0:15:48.680 --> 0:15:50.160
<v Speaker 2>not only out the window in the sense that he

0:15:50.280 --> 0:15:52.200
<v Speaker 2>is all in for Trump, as you're saying, as we're

0:15:52.240 --> 0:15:55.400
<v Speaker 2>all saying, but also in the sense that he's spending

0:15:55.440 --> 0:15:58.240
<v Speaker 2>real money, Like we're fifty three million dollars. That's that's

0:15:58.280 --> 0:16:00.480
<v Speaker 2>where it is. I just looked according to Open secrets

0:16:00.520 --> 0:16:02.640
<v Speaker 2>dot Com. Could be a day or something late, but

0:16:02.720 --> 0:16:04.240
<v Speaker 2>like that's fairly up to date in terms of how

0:16:04.280 --> 0:16:07.360
<v Speaker 2>much money they spent. That's a big number. That makes

0:16:07.400 --> 0:16:11.160
<v Speaker 2>it one of the biggest independent committees this cycle to date,

0:16:11.520 --> 0:16:13.520
<v Speaker 2>and there's it's going to go up from there, Like

0:16:13.560 --> 0:16:15.640
<v Speaker 2>he We're going to look back on this as being

0:16:15.680 --> 0:16:18.960
<v Speaker 2>an election where Elon Musk put a significant amount of

0:16:18.960 --> 0:16:22.520
<v Speaker 2>money to work. Comparing Micheldon Adelson I think is the

0:16:22.600 --> 0:16:23.640
<v Speaker 2>correct comparison.

0:16:23.840 --> 0:16:26.560
<v Speaker 3>And for the uninitiated, Sheldon Aedelson.

0:16:26.320 --> 0:16:31.000
<v Speaker 2>Was a prominent, a very wealthy Republican donor who donated

0:16:31.000 --> 0:16:34.440
<v Speaker 2>to conservative causes and was Trump's main backer.

0:16:34.560 --> 0:16:34.800
<v Speaker 7>You know.

0:16:34.960 --> 0:16:39.040
<v Speaker 2>Elon Musk. His rationale for like supporting Trump was he

0:16:39.200 --> 0:16:44.040
<v Speaker 2>watched the assassination attempt, the first assassination attempt, and thought

0:16:44.040 --> 0:16:47.240
<v Speaker 2>like wow, like this guy is really tough. And that

0:16:47.240 --> 0:16:51.200
<v Speaker 2>that was like how he explained his rationale of support.

0:16:51.480 --> 0:16:53.960
<v Speaker 3>We need to say goodbye to Sarah, but Max and

0:16:54.040 --> 0:16:56.600
<v Speaker 3>Dana don't go anywhere, Sarah. We will see you soon.

0:16:56.680 --> 0:16:57.800
<v Speaker 5>Thank you, thank you.

0:17:01.640 --> 0:17:06.240
<v Speaker 3>Okay, so we're now done with politics and conspiracy theories.

0:17:06.400 --> 0:17:09.439
<v Speaker 3>We're done with mister Musk. We shall now move on

0:17:09.640 --> 0:17:15.280
<v Speaker 3>to doctor Elon and his business empire, which up in

0:17:15.520 --> 0:17:21.240
<v Speaker 3>space is doing quite quite well. Last week, his space company, SpaceX,

0:17:21.960 --> 0:17:25.959
<v Speaker 3>pulled off the first commercial spacewalk in history, and then

0:17:26.000 --> 0:17:30.080
<v Speaker 3>a day or so later, a unit of SpaceX, Starlink,

0:17:30.680 --> 0:17:35.440
<v Speaker 3>signed a big deal to provide the Internet to United Airlines.

0:17:35.800 --> 0:17:39.080
<v Speaker 3>And to talk about that, we've got Eric Johnson, our

0:17:39.280 --> 0:17:43.120
<v Speaker 3>crack Space editor. Hey there, Eric, good to be here, Okay, Eric,

0:17:43.320 --> 0:17:50.080
<v Speaker 3>So it's my understanding here that with this SpaceX commercial

0:17:50.160 --> 0:17:53.359
<v Speaker 3>spacewalk they pulled off that there are a few records

0:17:53.359 --> 0:17:56.800
<v Speaker 3>and firsts achieved hit us with them.

0:17:57.000 --> 0:17:57.480
<v Speaker 5>That's right.

0:17:57.560 --> 0:18:00.800
<v Speaker 4>So is a big week for SpaceX. You saw four

0:18:01.200 --> 0:18:06.520
<v Speaker 4>crew civilians, relatively untrained astronauts go up and perform the

0:18:06.560 --> 0:18:09.400
<v Speaker 4>world's first commercial space Let.

0:18:09.359 --> 0:18:11.040
<v Speaker 3>Me interrupt you for a second and say, by the way,

0:18:11.600 --> 0:18:16.560
<v Speaker 3>while when we say space walk throughout the show here,

0:18:16.560 --> 0:18:18.680
<v Speaker 3>our listeners won't see it, but we're gonna do air

0:18:18.760 --> 0:18:21.639
<v Speaker 3>quotes around walk. Okay, space walk.

0:18:22.680 --> 0:18:24.560
<v Speaker 5>I was waiting for you to jump in on that.

0:18:24.640 --> 0:18:27.640
<v Speaker 4>So just to be clear, they didn't actually walk anywhere, right,

0:18:27.680 --> 0:18:30.520
<v Speaker 4>This wasn't like the Apollo era moon landings. But they

0:18:30.520 --> 0:18:34.040
<v Speaker 4>did go fourteen hundred kilometers up, which is the furthest

0:18:34.119 --> 0:18:36.960
<v Speaker 4>that humans have gone since the moon landings, and so

0:18:37.040 --> 0:18:38.800
<v Speaker 4>that was an incredible milestone.

0:18:39.040 --> 0:18:39.840
<v Speaker 5>Another thing that.

0:18:39.800 --> 0:18:43.880
<v Speaker 4>They achieved was actually depressurizing the capsule in the middle

0:18:43.920 --> 0:18:46.199
<v Speaker 4>Lovelus to set up the walk, and so they actually

0:18:46.280 --> 0:18:49.040
<v Speaker 4>opened the hatch and expose the entire interior to the

0:18:49.119 --> 0:18:52.480
<v Speaker 4>vacuum of space. And so two of them, billionaire Jared

0:18:52.520 --> 0:18:57.720
<v Speaker 4>Eisaman and SpaceX is Sarah Gillis, an engineer, actually took

0:18:57.760 --> 0:19:03.119
<v Speaker 4>turns and for a few minutes halfway out of the capsule, roughly.

0:19:02.920 --> 0:19:06.119
<v Speaker 3>They were so frits popping out of like a hole

0:19:06.400 --> 0:19:07.320
<v Speaker 3>or something is what.

0:19:07.760 --> 0:19:09.359
<v Speaker 5>Or like a turtle put his head out and then

0:19:09.440 --> 0:19:10.159
<v Speaker 5>sucking it back in.

0:19:10.520 --> 0:19:13.120
<v Speaker 4>But you know, to be fair, they were hurtling around

0:19:13.160 --> 0:19:15.600
<v Speaker 4>the Earth at you know, seventeen thousand miles per hour.

0:19:15.720 --> 0:19:19.960
<v Speaker 4>It's dangerous, precarious, and and so they they emerged from

0:19:20.040 --> 0:19:23.840
<v Speaker 4>the capsule, they did some maneuvers with a relatively sleek

0:19:23.920 --> 0:19:28.720
<v Speaker 4>and skinnier spacesuit that SpaceX designed and test the mobility

0:19:29.200 --> 0:19:32.800
<v Speaker 4>of it, and then went back in, returned pressure to

0:19:32.840 --> 0:19:36.480
<v Speaker 4>the cabin and came home, you know, just for people

0:19:36.520 --> 0:19:38.399
<v Speaker 4>to understand, I mean, they were higher up than the

0:19:38.400 --> 0:19:41.800
<v Speaker 4>International Space Station, and so you know, everybody knows that

0:19:41.840 --> 0:19:45.280
<v Speaker 4>spacewalks are relatively common. I mean we've seen them, of course,

0:19:45.400 --> 0:19:48.080
<v Speaker 4>you know in Hollywood, but we see the astronauts and

0:19:48.119 --> 0:19:51.880
<v Speaker 4>their huge bulky spacesuits go out the ISS and they

0:19:51.920 --> 0:19:55.639
<v Speaker 4>do repairs and different fixes on the station. But this

0:19:55.760 --> 0:19:57.600
<v Speaker 4>was the first. This is different than that in that

0:19:57.680 --> 0:20:01.040
<v Speaker 4>they were in their own spacecraft separate from anything else

0:20:01.359 --> 0:20:03.639
<v Speaker 4>and exposed to the vacuum of space for the direction.

0:20:03.880 --> 0:20:07.520
<v Speaker 3>Now I get the sense here that a lot of

0:20:07.760 --> 0:20:12.560
<v Speaker 3>this mission was about those super cool, sleek space suits

0:20:12.720 --> 0:20:15.440
<v Speaker 3>and testing them out. Was that the I mean, and

0:20:15.480 --> 0:20:17.920
<v Speaker 3>I guess in addition to charging this billionaire money to

0:20:18.280 --> 0:20:21.760
<v Speaker 3>give them this space walk or space walk, was it

0:20:21.800 --> 0:20:23.399
<v Speaker 3>all about testing out these suits?

0:20:24.080 --> 0:20:26.879
<v Speaker 4>That was a major mission parameter is you know, we

0:20:26.920 --> 0:20:30.840
<v Speaker 4>don't exactly know what SpaceX intends to do with these suits,

0:20:30.880 --> 0:20:33.880
<v Speaker 4>but visually, at least esthetically, I mean, you know, SpaceX

0:20:33.880 --> 0:20:36.439
<v Speaker 4>elon Musk they love aesthetics. So if you compare the

0:20:36.480 --> 0:20:39.600
<v Speaker 4>suits they were wearing to the traditional suits, they were

0:20:40.119 --> 0:20:46.040
<v Speaker 4>you know, thinner and usually like skinny go skinny jeans, skinny,

0:20:46.960 --> 0:20:48.919
<v Speaker 4>and so when they came out of the capsule, you

0:20:48.960 --> 0:20:51.440
<v Speaker 4>saw them moving their arms around. You know, they still

0:20:51.440 --> 0:20:54.960
<v Speaker 4>didn't have total mobility. But the idea, presumably is that

0:20:55.240 --> 0:20:57.760
<v Speaker 4>there's space actual have an iterative approach to these suits,

0:20:57.760 --> 0:21:00.639
<v Speaker 4>so they will be used in some form for future missions.

0:21:00.680 --> 0:21:03.800
<v Speaker 4>They'll be upgraded and then you know, when they go

0:21:04.160 --> 0:21:08.320
<v Speaker 4>people go to Mars at some point, maybe some futuristic

0:21:08.400 --> 0:21:09.280
<v Speaker 4>version of this suit.

0:21:09.119 --> 0:21:12.160
<v Speaker 3>Will be used everyone's going to be wearing skinny jeans

0:21:12.200 --> 0:21:14.200
<v Speaker 3>and skinny suits up on Mark. What I mean, Dana,

0:21:14.240 --> 0:21:17.680
<v Speaker 3>when you just did that whole Mars interview last week,

0:21:17.760 --> 0:21:20.040
<v Speaker 3>did the I can't remember, did the space suits come up?

0:21:20.280 --> 0:21:22.320
<v Speaker 1>We didn't really talk about the spacesuits. Kirsen and I

0:21:22.359 --> 0:21:24.720
<v Speaker 1>were talking more about like how people are going to

0:21:24.760 --> 0:21:27.199
<v Speaker 1>eat on Mars and what their protein source is going

0:21:27.280 --> 0:21:29.080
<v Speaker 1>to be. But I do have a question for Eric,

0:21:29.160 --> 0:21:31.960
<v Speaker 1>Like I barely paid attention to this mission. All I

0:21:32.000 --> 0:21:34.119
<v Speaker 1>knew was that like a billionaire and was one of

0:21:34.160 --> 0:21:38.919
<v Speaker 1>the people on Polaris John, So did he fund this

0:21:39.040 --> 0:21:39.560
<v Speaker 1>whole thing?

0:21:39.720 --> 0:21:39.840
<v Speaker 5>Like?

0:21:40.000 --> 0:21:42.560
<v Speaker 1>How did this whole how did this whole like sort

0:21:42.600 --> 0:21:45.720
<v Speaker 1>of joint venture come about between these private people that

0:21:45.760 --> 0:21:48.440
<v Speaker 1>wanted to go up and SpaceX being the cap being

0:21:48.480 --> 0:21:50.360
<v Speaker 1>the launch provider that got them there.

0:21:50.560 --> 0:21:53.159
<v Speaker 4>That's a great point, is that so SpaceX supplied the

0:21:53.240 --> 0:21:54.640
<v Speaker 4>rocket and the capsule put it up.

0:21:54.920 --> 0:21:56.479
<v Speaker 5>Jared isisming bankrolled it, right.

0:21:56.720 --> 0:21:58.840
<v Speaker 4>We don't know how much he's spent to do that,

0:21:59.600 --> 0:22:03.959
<v Speaker 4>but he's a massive aviation enthusiast, he's a pilot. And

0:22:04.000 --> 0:22:06.679
<v Speaker 4>then you know, of course you have the SpaceX personnel

0:22:06.720 --> 0:22:10.760
<v Speaker 4>that joined and so this is part of the Polaris program,

0:22:11.119 --> 0:22:15.439
<v Speaker 4>which is a multi mission program bankrolled by Isaacman. This

0:22:15.720 --> 0:22:19.000
<v Speaker 4>was one of the first steps or second flight actually

0:22:19.040 --> 0:22:21.720
<v Speaker 4>the first time the private crew went around the Earth

0:22:21.760 --> 0:22:23.760
<v Speaker 4>a few times and came back. This time they did

0:22:23.800 --> 0:22:26.480
<v Speaker 4>a spacewalk, and then there'll be additional missions in the

0:22:26.520 --> 0:22:31.680
<v Speaker 4>future that will culminate at some point with a crude

0:22:32.160 --> 0:22:36.879
<v Speaker 4>mission on one of SpaceX's colossal starship rockets. Don't know

0:22:36.920 --> 0:22:39.480
<v Speaker 4>when that is, and we don't know exactly what parameters

0:22:39.560 --> 0:22:41.720
<v Speaker 4>or shape these missions will take, but it's part of

0:22:41.720 --> 0:22:48.200
<v Speaker 4>the Polaris program.

0:22:48.640 --> 0:22:50.520
<v Speaker 3>We need to come back to Earth or closer to

0:22:50.560 --> 0:22:55.040
<v Speaker 3>Earth and talk about this big deal that SpaceX is

0:22:55.160 --> 0:22:58.840
<v Speaker 3>starlink unit signed with United Airlines.

0:22:58.920 --> 0:23:00.200
<v Speaker 5>Tell us about it again.

0:23:00.320 --> 0:23:03.800
<v Speaker 4>Big week for SpaceX. This was a pretty landmark deal,

0:23:04.160 --> 0:23:07.520
<v Speaker 4>a watershed moment. This was the first US major airline

0:23:07.960 --> 0:23:11.399
<v Speaker 4>that SpaceX has been able to woo to its starlink service. So,

0:23:11.600 --> 0:23:13.919
<v Speaker 4>you know, as everyone knows, Starlink has grown to be

0:23:14.040 --> 0:23:17.560
<v Speaker 4>the most advanced and largest, you know, space beamed internet

0:23:17.600 --> 0:23:23.880
<v Speaker 4>service globally. They've made substantial inroads with maritime shippers, cruise lines.

0:23:24.040 --> 0:23:29.000
<v Speaker 4>They are on some airlines already like Air Baltic and

0:23:29.080 --> 0:23:33.280
<v Speaker 4>Hawaiian and JSX, but they finally were able to crack

0:23:33.320 --> 0:23:35.360
<v Speaker 4>into the US aviation network.

0:23:35.640 --> 0:23:39.160
<v Speaker 5>It's early, they have a lot to prove, but this.

0:23:39.160 --> 0:23:42.240
<v Speaker 4>Deal is significant in that you know, they've got more

0:23:42.280 --> 0:23:46.280
<v Speaker 4>than three million subscribers globally for on the consumer side,

0:23:46.480 --> 0:23:49.360
<v Speaker 4>so it's a strong sign to growth. And I think

0:23:49.400 --> 0:23:51.800
<v Speaker 4>you saw that in the reaction of the stocks from

0:23:51.880 --> 0:23:53.000
<v Speaker 4>legacy satellite.

0:23:53.080 --> 0:23:53.280
<v Speaker 7>Yeah.

0:23:53.280 --> 0:23:55.639
<v Speaker 3>I did notice that. You know, Visa sat which is

0:23:55.680 --> 0:24:00.000
<v Speaker 3>one of those legacy providers. Yeah, it's stock collapsed fifteen

0:24:00.119 --> 0:24:04.879
<v Speaker 3>percent that day. Go Go another one fell a fair amount. Obviously,

0:24:05.359 --> 0:24:09.240
<v Speaker 3>Max Starlink and SpaceX are private companies, so it's hard

0:24:09.280 --> 0:24:12.040
<v Speaker 3>to see. It's hard to know just what kind of

0:24:12.160 --> 0:24:14.800
<v Speaker 3>value investors are putting on a deal like this. But

0:24:14.880 --> 0:24:18.040
<v Speaker 3>if you take the inverse of those collapses and those stocks, well,

0:24:18.040 --> 0:24:21.399
<v Speaker 3>presumably it's an increase in the in the value of

0:24:21.720 --> 0:24:22.560
<v Speaker 3>SpaceX and stock.

0:24:22.720 --> 0:24:24.919
<v Speaker 1>I just have to say, as someone who recently flew

0:24:25.320 --> 0:24:28.720
<v Speaker 1>from Washington, d C. To San Francisco on United where

0:24:28.720 --> 0:24:32.879
<v Speaker 1>I had to pay eight dollars for really lousy Wi Fi, like,

0:24:33.680 --> 0:24:35.680
<v Speaker 1>I think this is great, like as a consumer, and

0:24:37.240 --> 0:24:39.560
<v Speaker 1>I think that Starlink is going to be a big

0:24:39.760 --> 0:24:42.359
<v Speaker 1>It's going to be a big revenue maker for SpaceX.

0:24:42.520 --> 0:24:44.840
<v Speaker 1>I guess the question I always have is like when

0:24:45.160 --> 0:24:48.760
<v Speaker 1>or is SpaceX going to spin out Starlink, because at

0:24:48.760 --> 0:24:50.960
<v Speaker 1>one point there was this whole idea that Starlink was

0:24:51.000 --> 0:24:53.800
<v Speaker 1>going to be spun out as like a separate business

0:24:53.800 --> 0:24:56.720
<v Speaker 1>and IPO separately from SpaceX as a whole. But we

0:24:56.720 --> 0:24:59.520
<v Speaker 1>haven't really heard much about that recently. I mean, they're

0:24:59.520 --> 0:25:03.120
<v Speaker 1>not separate companies. Starlink is basically like the big business

0:25:03.200 --> 0:25:04.320
<v Speaker 1>unit within SpaceX.

0:25:04.359 --> 0:25:06.399
<v Speaker 2>So the one thing I'll say about this is that, like,

0:25:06.480 --> 0:25:09.080
<v Speaker 2>it's great news obviously for SpaceX. Totally agree with what

0:25:09.160 --> 0:25:11.680
<v Speaker 2>Eric's saying, but like these companies that you're talking about,

0:25:11.720 --> 0:25:14.560
<v Speaker 2>Eric via sad, these are not large businesses, not by

0:25:14.720 --> 0:25:17.919
<v Speaker 2>Elon Musk standards. Like Vasat's market cap not sure how

0:25:18.000 --> 0:25:22.119
<v Speaker 2>much tiny it's yeah it's tiny, Yeah one point seven.

0:25:22.200 --> 0:25:23.919
<v Speaker 2>I just looked it up, and you know, obviously the

0:25:23.920 --> 0:25:28.000
<v Speaker 2>stock fell a lot. But with SpaceX, they're talking about valuations,

0:25:28.040 --> 0:25:30.520
<v Speaker 2>and even if it's if it's just Starlink, we're going

0:25:30.600 --> 0:25:34.280
<v Speaker 2>to be talking about a much much larger valuation. And

0:25:34.359 --> 0:25:37.600
<v Speaker 2>I don't think it's clear yet that the company has

0:25:37.800 --> 0:25:40.040
<v Speaker 2>come anywhere near living up to that. Selling internet to

0:25:40.040 --> 0:25:44.320
<v Speaker 2>consumers is a very difficult, very competitive business. It's if

0:25:44.440 --> 0:25:46.960
<v Speaker 2>to make this work, it's like going to be some

0:25:47.080 --> 0:25:49.919
<v Speaker 2>combination of kind of the Elon Musk Elon Musk kind

0:25:49.960 --> 0:25:52.320
<v Speaker 2>of ability to tell a story, and the story has

0:25:52.359 --> 0:25:55.600
<v Speaker 2>to be that like they're taking the whole market because

0:25:55.720 --> 0:25:58.040
<v Speaker 2>the because the markets for these things are not very large.

0:25:58.080 --> 0:26:01.000
<v Speaker 3>But you know, Eric, for me, actually, I was thinking

0:26:01.800 --> 0:26:04.600
<v Speaker 3>that as I see this deal get inked, and I

0:26:04.600 --> 0:26:07.520
<v Speaker 3>think about the way it's increasingly being used in places

0:26:07.560 --> 0:26:10.720
<v Speaker 3>like you know, the remote you know, farms in Brazil,

0:26:11.400 --> 0:26:15.400
<v Speaker 3>certainly for all its you know, defense and wartime applications,

0:26:15.400 --> 0:26:17.440
<v Speaker 3>the way it's being used in maritime and so on

0:26:17.440 --> 0:26:21.280
<v Speaker 3>and so forth. That to me, I feel like the

0:26:21.320 --> 0:26:24.760
<v Speaker 3>business model and the growth model for Starlink are starting

0:26:24.800 --> 0:26:28.119
<v Speaker 3>to come more clearly into focus. Max is obviously having

0:26:28.160 --> 0:26:28.640
<v Speaker 3>none of it.

0:26:28.760 --> 0:26:31.959
<v Speaker 4>What say you, I think Max makes some very good Max,

0:26:34.080 --> 0:26:37.280
<v Speaker 4>but the growth of Starlink and the challenges. When I

0:26:37.400 --> 0:26:43.680
<v Speaker 4>saw this press release, my first thought is, Okay, SpaceX

0:26:43.760 --> 0:26:48.879
<v Speaker 4>has finally been able to demonstrate to a global US

0:26:48.920 --> 0:26:54.600
<v Speaker 4>carrier that this service can be better than what it

0:26:54.680 --> 0:26:58.520
<v Speaker 4>has it for years struggled to do that because they

0:26:58.520 --> 0:27:00.640
<v Speaker 4>had capacity problems. And I have to get a little

0:27:00.640 --> 0:27:03.960
<v Speaker 4>geeky for a second. The companies whose stocks were battered

0:27:04.720 --> 0:27:09.280
<v Speaker 4>operate colossal satellites that are orbit in fixed position over

0:27:09.320 --> 0:27:12.560
<v Speaker 4>the Earth, very high up, much higher than SpaceX's satellites.

0:27:12.960 --> 0:27:17.560
<v Speaker 4>SpaceX's big idea is to have thousands of smaller satellites

0:27:17.680 --> 0:27:21.080
<v Speaker 4>orbiting much closer to the Earth, and therefore as the

0:27:21.119 --> 0:27:23.560
<v Speaker 4>satellites whizz around the Earth and talk to each other,

0:27:23.600 --> 0:27:26.480
<v Speaker 4>they can beam data down much quicker.

0:27:25.880 --> 0:27:27.960
<v Speaker 5>Than these other satellites that are much higher up.

0:27:28.240 --> 0:27:31.200
<v Speaker 4>Now, the higher up ones are really great because they

0:27:31.359 --> 0:27:33.639
<v Speaker 4>orbit in a fixed position and so you have a

0:27:33.680 --> 0:27:37.199
<v Speaker 4>reliable stream of data right where you want it. And

0:27:37.280 --> 0:27:39.720
<v Speaker 4>so the problem SpaceX needed to solve was that it

0:27:39.800 --> 0:27:42.320
<v Speaker 4>needed to launch a huge number of satellites to be

0:27:42.359 --> 0:27:45.280
<v Speaker 4>able to compete with this, so that the scale, if

0:27:45.320 --> 0:27:48.000
<v Speaker 4>you will, has started to tip in their favor. I

0:27:48.119 --> 0:27:51.400
<v Speaker 4>do think Max makes a great point about the rollout,

0:27:51.440 --> 0:27:55.800
<v Speaker 4>because there's major questions about how this technology will perform

0:27:55.880 --> 0:27:57.240
<v Speaker 4>on United flights.

0:27:57.600 --> 0:28:00.159
<v Speaker 3>And eric on that point, and with this we need

0:28:00.200 --> 0:28:02.640
<v Speaker 3>to wrap up here, my friend, But you said that

0:28:03.040 --> 0:28:06.200
<v Speaker 3>this starlink service is already being used on several air lines,

0:28:06.240 --> 0:28:10.880
<v Speaker 3>including Hawaiian air How has it held up so far?

0:28:11.320 --> 0:28:16.159
<v Speaker 3>Is it truly superior or even far superior to what

0:28:16.200 --> 0:28:19.520
<v Speaker 3>you'd get on other flights and other carriers.

0:28:19.680 --> 0:28:23.440
<v Speaker 4>I mean, the reports overall are good, but it's SpaceX's

0:28:23.480 --> 0:28:26.960
<v Speaker 4>Starlink is really good at rural and remote locations. So

0:28:27.080 --> 0:28:29.840
<v Speaker 4>over the ocean, right if you think about a ship

0:28:29.880 --> 0:28:32.320
<v Speaker 4>or with its crew sitting in the middle of the Atlantic,

0:28:32.760 --> 0:28:35.800
<v Speaker 4>that works. But as they encroaches closer and closer on

0:28:35.920 --> 0:28:40.480
<v Speaker 4>dense urban areas where there's huge demand and pressure put

0:28:40.520 --> 0:28:43.520
<v Speaker 4>on a single satellite from lots of consumers, that's when

0:28:43.520 --> 0:28:44.680
<v Speaker 4>the service can start to bring it.

0:28:44.720 --> 0:28:47.560
<v Speaker 3>Wasn't there a case a couple of years ago, like

0:28:47.640 --> 0:28:50.160
<v Speaker 3>over Chicago or something, Well, we made it.

0:28:50.680 --> 0:28:53.120
<v Speaker 5>You made it by breaking the news.

0:28:53.560 --> 0:28:56.080
<v Speaker 4>So SpaceX had this big trial and they were with

0:28:56.400 --> 0:28:59.560
<v Speaker 4>Delta and they took a single flight up over Chicago

0:28:59.600 --> 0:29:02.160
<v Speaker 4>and this was a big demonstration flight for starlink.

0:29:02.360 --> 0:29:05.360
<v Speaker 5>A couple of years back. To be fair and starlingkuin

0:29:05.440 --> 0:29:06.200
<v Speaker 5>connect they.

0:29:06.160 --> 0:29:09.480
<v Speaker 4>Couldn't get it to work, and so SpaceX's quick solution

0:29:10.160 --> 0:29:13.560
<v Speaker 4>was to shut down Internet connection to the city of

0:29:13.640 --> 0:29:16.640
<v Speaker 4>Chicago below to all their customers. Then the flight worked,

0:29:17.080 --> 0:29:19.400
<v Speaker 4>they proved it. It was great, big success and so

0:29:19.640 --> 0:29:22.680
<v Speaker 4>and then it was very embarrassing. So that's my point

0:29:22.720 --> 0:29:25.000
<v Speaker 4>is that they struggled with capacity, but it appears that

0:29:25.040 --> 0:29:28.680
<v Speaker 4>they are overcoming those challenges and making inroads with the carriers.

0:29:28.800 --> 0:29:31.720
<v Speaker 4>Question is who's next, right, Can they get Delta, Can

0:29:31.720 --> 0:29:34.200
<v Speaker 4>they get American, Can they get Southwest? Can they expand

0:29:34.240 --> 0:29:37.280
<v Speaker 4>that it appears the momentum feels like it's in their favor.

0:29:37.400 --> 0:29:40.840
<v Speaker 3>All right, good stuff, Eric, We really really appreciate you

0:29:40.880 --> 0:29:44.720
<v Speaker 3>having you on, saying to you as always Max and Dana.

0:29:44.600 --> 0:29:45.160
<v Speaker 1>Thanks so much.

0:29:45.280 --> 0:29:47.960
<v Speaker 5>Eric, Thank you, guys, appreciate it great to be here.

0:29:54.680 --> 0:29:57.959
<v Speaker 3>This episode was produced by Stacey Wong. Naomi Shaven and

0:29:58.080 --> 0:30:01.760
<v Speaker 3>Rayhan Harmans are our senior editor. The idea for this

0:30:02.040 --> 0:30:06.480
<v Speaker 3>very show also came from Rayhon Blake Maples, Handel's engineering,

0:30:06.520 --> 0:30:11.320
<v Speaker 3>and David Purcell fact checks. Our supervising producer is Magnus Henrikson.

0:30:11.800 --> 0:30:14.840
<v Speaker 3>The elon Ing theme is written and performed by Taka

0:30:14.880 --> 0:30:19.400
<v Speaker 3>Yasuzawa and Alex Sugiira. Brendan Francis Newnham is our executive

0:30:19.400 --> 0:30:22.400
<v Speaker 3>producer and Sage Bauman is the head of Bloomberg Podcasts.

0:30:22.920 --> 0:30:25.840
<v Speaker 3>A big thanks, as always to our supporter Joel Weber.

0:30:26.200 --> 0:30:29.440
<v Speaker 3>I'm David Papadopoulos. If you have a minute, rate and

0:30:29.480 --> 0:30:32.680
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<v Speaker 3>you next week.