Latest / Elon Musk Thinking / Elon Musk Interviewed by JP Morgan's Jamie Dimon!!!
Transcript
- 0:00Speaker 1: Latest interview of Elon Musk.
- 0:02Speaker 2: Elon, Welcome to JP Morgan's headquarters. You're on the fifty
- 0:06Speaker 2: first floor, which is about the equivalent of the nowhere
- 0:09Speaker 2: near where you go generally in space, but as high
- 0:12Speaker 2: as we can get in New York City. But before
- 0:14Speaker 2: we get started with you and Jamie, we had a
- 0:16Speaker 2: very special guest that wanted to welcome you here this afternoon,
- 0:21Speaker 2: and so your mother, May Musk, is here to welcome you.
- 0:27Speaker 2: May please stand up.
- 0:29Speaker 3: I don't think you can see me or everybody here.
- 0:32Speaker 2: They can see you, yes, he can.
- 0:34Speaker 3: This is your part.
- 0:35Speaker 1: I actually can't see my mom, but I can hear
- 0:37Speaker 1: her certainly.
- 0:38Speaker 4: Okay, how you are.
- 0:39Speaker 3: What I'd like to say is when you were three
- 0:41Speaker 3: years old and I told people I have a genius son,
- 0:45Speaker 3: they would roll their eyes.
- 0:48Speaker 4: And then.
- 0:51Speaker 3: I'm you, And then we said you wanted to start
- 0:56Speaker 3: with rockets.
- 0:57Speaker 4: Then I rolled my eyes.
- 1:00Speaker 3: And then you did it. And so this is just
- 1:04Speaker 3: a great party here and we're celebrating you.
- 1:08Speaker 4: Love you so much.
- 1:10Speaker 2: One please.
- 1:14Speaker 5: So let me Elon welcome you. It's a really privileged
- 1:17Speaker 5: to have you here on this momentous occasion. It is
- 1:19Speaker 5: new for us, but it's an important thing the trajectory
- 1:22Speaker 5: of American innovation. We're here live thirty five hundred people
- 1:25Speaker 5: of our top individual investors around the world in one
- 1:28Speaker 5: hundred branches.
- 1:28Speaker 6: There are three hundred and fifty people here.
- 1:30Speaker 5: Three thousand, five hundred around the country. This is a
- 1:34Speaker 5: very unique thing, by the way, because Elon has spoken
- 1:37Speaker 5: to me about democratizing finance. This is part of it.
- 1:39Speaker 5: Treating individual investors the same way institutions are treated, and
- 1:43Speaker 5: hedge funds and all those things. My view is it's
- 1:45Speaker 5: a wonderful thing to do. Elon very brave, by the way,
- 1:49Speaker 5: because I would never let my mother.
- 1:50Speaker 6: Speak publicly when I was in there group. God knows
- 1:53Speaker 6: what she would have said.
- 1:55Speaker 5: Actually, Elon is the Edison of our time. I remember
- 2:00Speaker 5: visiting Elon in Tesla like fifteen years ago, a whole
- 2:04Speaker 5: new way of building cars, vertical integration, which had not
- 2:07Speaker 5: been anything remote what our car comers are doing.
- 2:10Speaker 6: Now. You have SpaceX.
- 2:11Speaker 5: I visited the SpaceX factory in California, and it's exceptional
- 2:15Speaker 5: to have more than six hundred and fifty rockets. And
- 2:17Speaker 5: you told me one today putting in the sales in
- 2:20Speaker 5: space you have nine thousand or almost ten thousand Starlight
- 2:23Speaker 5: Darlink sales up there. Starlink three is coming, which the
- 2:27Speaker 5: whole new generation was hopefully will place some of these
- 2:29Speaker 5: undersea cables. It's been an extraordinary twenty four years with
- 2:33Speaker 5: watching Elon grow over time and now making a massive
- 2:37Speaker 5: leap into the future. So welcome and coming here, Elon.
- 2:41Speaker 5: I have ten questions for you, so I want to
- 2:44Speaker 5: make sure I get to each one. Someone came from
- 2:45Speaker 5: folks here. They're all important, but one just to start
- 2:49Speaker 5: is why SpaceX public now? Because you had choices, you
- 2:53Speaker 5: didn't have to why now.
- 2:56Speaker 4: Yeah, I've been asked for many years about taking.
- 2:59Speaker 1: Space public, so it's probably been almost ten years that
- 3:04Speaker 1: people have been suggesting to me that I should take
- 3:08Speaker 1: SpaceX public. We've been positive cash flow for quite a
- 3:11Speaker 1: long time, I think since around twenty fourteen twenty fifteen,
- 3:14Speaker 1: and we've been self funding in fact in our private
- 3:18Speaker 1: equity rounds, so they actually have not been fundraising rounds.
- 3:20Speaker 1: They've been liquidity rounds for investors and employees because we
- 3:24Speaker 1: give everyone at the company's stock, and SpaceX has actually bought.
- 3:27Speaker 4: Backstock in most of our sort of funding events.
- 3:30Speaker 1: So what's different about now is that it's a number
- 3:34Speaker 1: of things, but we are embarking on a significant growth phase,
- 3:38Speaker 1: like a capital growth phase, where we're we are going
- 3:41Speaker 1: to put in orbit probably one hundred thousand satellites, probably
- 3:45Speaker 1: over one hundred thousand satellites just for communications, and these
- 3:48Speaker 1: will be the Version three and beyond versus Version two
- 3:52Speaker 1: and Version.
- 3:53Speaker 4: One that are currently in.
- 3:54Speaker 1: Version three is depending on how you count it, ten
- 3:56Speaker 1: to twenty times more capable than the Version two satellite.
- 4:00Speaker 1: And there were three chips that the SpaceX chip design
- 4:02Speaker 1: team taped out that are specific to this that are
- 4:05Speaker 1: far beyond state of the art, which means it's one
- 4:08Speaker 1: hundred times more bandwidth than the SpaceX stalling system currently offers,
- 4:13Speaker 1: and also half the latency because the altitude will be
- 4:17Speaker 1: about half altitude. I think it will actually be the
- 4:20Speaker 1: highest bandwidth, the lowest latency means of communicating, and the
- 4:24Speaker 1: future with AI and robots is actually going to require
- 4:27Speaker 1: a lot more bandwidth than we currently use. Because you
- 4:30Speaker 1: can imagine what's the bandwidth of a human. It's peak
- 4:32Speaker 1: band with a human is a few hundred bits per second.
- 4:35Speaker 1: Bandwidth of a computer it can be a trillion fits
- 4:37Speaker 1: a second. So the appetite for bandwidth of AI, AI
- 4:42Speaker 1: and robots is going to be enormous. And then we're
- 4:44Speaker 1: also doing the AI data centers in space, which is
- 4:48Speaker 1: another massive capital endeavor, but I think it would be
- 4:51Speaker 1: the primary means by which AI can be expanded. It's
- 4:55Speaker 1: increasingly difficult to build power plants on the ground that
- 5:00Speaker 1: there are very few people who want a power plant
- 5:02Speaker 1: in their backyard. So if we want to say, double
- 5:05Speaker 1: the electricity usage of the United States, which is on
- 5:09Speaker 1: average about five hundred gigawates, we would have to build
- 5:12Speaker 1: about twice as many power plants, which I don't think
- 5:14Speaker 1: people are most communities are not super excited about that.
- 5:18Speaker 1: But actually, if we go to space, we can go
- 5:21Speaker 1: far beyond the electricity generation of Earth. In fact, this
- 5:26Speaker 1: is going to sound crazy, but you could actually increase
- 5:29Speaker 1: harnessed energy by a factor of a million and still
- 5:35Speaker 1: be using much less than a millionth of the Sun's energy.
- 5:40Speaker 1: So current human civilization uses much less than a trillionth
- 5:44Speaker 1: of the Sun's energy output.
- 5:47Speaker 4: It's just humbling to think about.
- 5:48Speaker 1: We're really a tiny when you see the true size
- 5:51Speaker 1: of Earth relatives to the Sun, We're a tiny dust
- 5:53Speaker 1: mode in a vast darkness, and the Sun is enormous.
- 5:57Speaker 1: That the Sun is ninety nine point eight percent of
- 5:59Speaker 1: old mass the Solar system, and most of the remaining
- 6:02Speaker 1: zero point two percent is Jupiter. Sometimes people ask me,
- 6:05Speaker 1: maybe going a little wide ranging in the sensor, But
- 6:08Speaker 1: because you just asked me, why you're hearing aboulic now,
- 6:11Speaker 1: I'm like talking about the Sun's out power output.
- 6:14Speaker 4: I'm a bit of a long winded answer. If I
- 6:17Speaker 4: was an AI, you might tell me, you know, okay,
- 6:20Speaker 4: But also it is important.
- 6:23Speaker 1: Some of these things are I'm important because fuel stares
- 6:25Speaker 1: wondering what's the future of energy generation?
- 6:28Speaker 4: And I can say that it.
- 6:30Speaker 1: Is absolutely solo power, or maybe the better word for
- 6:33Speaker 1: solar power is star power.
- 6:35Speaker 4: It's the power of a star.
- 6:37Speaker 1: And the crazy thing is that burnt all mass in
- 6:40Speaker 1: the Solar system that was not the Sun, the amount
- 6:43Speaker 1: of energy produced by the Sun would still round up
- 6:45Speaker 1: to one hundred percent, because the Sun is ninety.
- 6:48Speaker 4: Nine point eight percent with the mass of the Solar system.
- 6:50Speaker 1: Even if you teleported two more jupiters from another somehow
- 6:53Speaker 1: teleport too more jupiters from another solar system and burnt
- 6:55Speaker 1: them too, the Sun would round up two hundred percent.
- 6:58Speaker 1: It's so it's very much the sun, and you can
- 7:02Speaker 1: you can scale to a million times both economy and
- 7:05Speaker 1: space in terms of harness power, which is a good
- 7:08Speaker 1: proxy economic output, and still be much less than a
- 7:11Speaker 1: month of the Sun's energy, which is humbly really to
- 7:14Speaker 1: think about how tiny we are and this is just
- 7:16Speaker 1: one star among men.
- 7:19Speaker 4: So I guess it's just the tale. It would be.
- 7:22Speaker 1: We're embarking on a massive new growth phase and we
- 7:25Speaker 1: need capital for that.
- 7:27Speaker 6: It's okay, okay. Number two.
- 7:31Speaker 1: And another thing is that the revenue, like I also
- 7:33Speaker 1: feel pretty good about like the revenue projections. I mean,
- 7:36Speaker 1: like like before, like liber revenue is a little unstable,
- 7:41Speaker 1: but now I feel like the revenue is like much
- 7:43Speaker 1: more predictable.
- 7:45Speaker 5: Yeah, I learned. I always learned listening to you, I
- 7:47Speaker 5: guarantee certainly. I mean you people hear about multiplanetary species,
- 7:52Speaker 5: travels of space and one of the most exciting ideas
- 7:54Speaker 5: in human history. Can you explain the bridge that you
- 7:57Speaker 5: were you speak about. I heard you talk about from
- 7:59Speaker 5: the Earth Earth to the Moon to Mars.
- 8:02Speaker 4: Yeah.
- 8:03Speaker 1: Yeah, so you don't necessarily have to go through the
- 8:06Speaker 1: Moon to get to Mars. I just think that we
- 8:07Speaker 1: can build a self growing city on the Moon faster
- 8:12Speaker 1: than we could do so on Mars. And there's also
- 8:15Speaker 1: the potential if you say you want to scale far
- 8:17Speaker 1: beyond what you can do from Earth, is that because
- 8:20Speaker 1: the Moon has no atmosphere and about one sixth Earth's gravity,
- 8:25Speaker 1: you can use an electromagnetic accelerator, a railgun or mass driver.
- 8:30Speaker 1: Basically you don't need to use rockets to do AI
- 8:34Speaker 1: data centers into deep space from the Moon. You can
- 8:36Speaker 1: literally just shoot them like a railgun type of thing.
- 8:39Speaker 1: And you can manufacture the solar and the radiators soul
- 8:43Speaker 1: powered radiators on the Moon from Moon materials. That would
- 8:47Speaker 1: allow scaling potentially to beyond one thousand terrawats a year,
- 8:52Speaker 1: which is a truly staggering number.
- 8:53Speaker 4: Like I think we can do a thousand.
- 8:55Speaker 1: I think we can do probably somewhere around one terrawat
- 8:58Speaker 1: per year of AI space compute from Earth, but we
- 9:02Speaker 1: can do a thousand terroorids or more from the Moon.
- 9:06Speaker 1: And like I said, we can also make a moon base.
- 9:08Speaker 1: And I think it would be pretty pretty cool if
- 9:10Speaker 1: you could vacation on the Moon. That would be the
- 9:13Speaker 1: most epic vacation. Not everybody wants to go to the Moon,
- 9:16Speaker 1: but I think a lot of people do. I think
- 9:17Speaker 1: we're pretty pretty amazing that obviously, provided you could do
- 9:20Speaker 1: so safely and come back safely and everything. But I
- 9:23Speaker 1: think I think that will be possible in the future.
- 9:25Speaker 1: And then Mars is another step beyond that. That's Mars
- 9:28Speaker 1: is a whole planet and with gravity much closer to
- 9:31Speaker 1: that of Earth's, and it has an atmosphere. I'll beat
- 9:33Speaker 1: with an atmosphere, and if you warm up Mars, you
- 9:35Speaker 1: could one day make Mars like Earth, meaning with liquid
- 9:38Speaker 1: oceans and life and where you could walk outside without
- 9:41Speaker 1: a spacesuit type of thing. So Mars is I call
- 9:45Speaker 1: Mars a fixer upper of the planet, but it's got
- 9:47Speaker 1: a lot of potential.
- 9:48Speaker 5: I mean, and we go to number three, but I
- 9:50Speaker 5: never ever thought you'd be in the hospitality business.
- 9:53Speaker 1: Yeah, absolutely, we should have Moon hotels anything, but yeah,
- 9:58Speaker 1: Musk hotels like it could be.
- 10:00Speaker 4: Actually, you think of us more like we're kind of
- 10:03Speaker 4: like the Union Pacific.
- 10:03Speaker 1: When they built the Union Pacific back in the day,
- 10:06Speaker 1: people thought they were crazy because like, why are you
- 10:07Speaker 1: trying to carry this all this cargo and people to California.
- 10:11Speaker 1: No one's there, but now California is the biggest state
- 10:14Speaker 1: in the country.
- 10:15Speaker 5: Not for long, but yeah, yeah, no, evitedly it's self defeating. Yes,
- 10:20Speaker 5: so Starship, you're built in unbelievable ship. I think it's
- 10:23Speaker 5: already had twelve flights I read. But obviously technical technically,
- 10:27Speaker 5: it's just hard to do. What was some of the
- 10:29Speaker 5: breaks things you have that people should know about they
- 10:32Speaker 5: don't know about.
- 10:36Speaker 1: Our webcasts are very good, so I recommend anyone who
- 10:38Speaker 1: wants if they want to learn about smarts Starship SpaceX
- 10:41Speaker 1: website or any of the Starship life.
- 10:43Speaker 4: Casts are a great way to learn about it.
- 10:45Speaker 1: But the really the fundamental breakthrough of Starship is that
- 10:49Speaker 1: it will be the first val rocket that is fully reusable.
- 10:53Speaker 1: So this might sound like an obvious thing, but because
- 10:57Speaker 1: in every other mode of transport, whether that's aircraft, cars, bicycles, horses,
- 11:02Speaker 1: you name it, ships, these are all we take it
- 11:06Speaker 1: for granted that they are reusable. An aircraft journey would
- 11:09Speaker 1: be very expensive if you had to throw the plane
- 11:11Speaker 1: away every time, and that's how rockets have.
- 11:13Speaker 4: Been in the past.
- 11:15Speaker 1: But it's very difficult from a technology standpoint to achieve
- 11:18Speaker 1: full reusability for a rocket. We've got part of the
- 11:20Speaker 1: way there with Falcon nine, but we'll get all the
- 11:22Speaker 1: way there with Starship, and once you're chief full reusability,
- 11:26Speaker 1: then it's simply a cost.
- 11:27Speaker 4: It's simply the cost of access.
- 11:29Speaker 1: To orbit is just the cost of propellant, because now
- 11:33Speaker 1: you can reuse all aspects of the vehicle, and the
- 11:36Speaker 1: propellant we used for Starship is liquid oxygen and liquid
- 11:40Speaker 1: liquid methane, which is the chiefest propellant you could possibly get.
- 11:44Speaker 1: We can just literally get oxygen from the air and
- 11:46Speaker 1: methane from natural gas. So the cost of propellant for
- 11:51Speaker 1: Starship will be less than the cost of jet aviation fuel,
- 11:56Speaker 1: which means that you should be able to actually send
- 12:00Speaker 1: cogo to space for less than the cost of cargo
- 12:04Speaker 1: on an airplane going on a transoceanic trip.
- 12:09Speaker 5: Starlink another thing that has been amazing Global Communications already
- 12:14Speaker 5: mentioned Ukraine. You had mentioned to me that V three
- 12:18Speaker 5: would maybe be able to replace something cyber cables, which,
- 12:20Speaker 5: by the way, it is a huge security rich for
- 12:22Speaker 5: all of us because some have already been cut in
- 12:24Speaker 5: the Baltic Sea. So which the next view for starlink
- 12:28Speaker 5: both V three and maybe V four.
- 12:31Speaker 6: Yeah.
- 12:32Speaker 1: So the V three satellite is ag and you can
- 12:35Speaker 1: look it up on the internet. As I said, it's
- 12:37Speaker 1: ten to twenty times more capable than V two.
- 12:40Speaker 4: It's a very big satellite.
- 12:41Speaker 1: In fact, it can only be launched on Starship, so
- 12:43Speaker 1: it's too big to be launched on any other rocket
- 12:46Speaker 1: on Earth. So Starship has a thirty foot diameter cogo bay,
- 12:51Speaker 1: and the V three satellites are let's see, about seven meters,
- 12:55Speaker 1: so about.
- 12:56Speaker 4: Twenty two or twenty three.
- 12:58Speaker 1: Feet wide, so very big, like the size of a
- 13:02Speaker 1: small bus essentially. And there's a bunch of technical details
- 13:07Speaker 1: about we have much bigger plas, ray antennas, we've got
- 13:11Speaker 1: more ground links, we've got more of our laser that
- 13:15Speaker 1: our satellites communicate with each other with lasers that we
- 13:18Speaker 1: developed and manufacture. So it's got a lot more lasers
- 13:21Speaker 1: and more advanced lasers. It's also got w VAN and event.
- 13:24Speaker 1: These are technical details, but it's got a lot of
- 13:28Speaker 1: it's trans it's like a crazy orbiting radio station.
- 13:32Speaker 5: Because it doesn't Starship do twelve of them or fifteen
- 13:35Speaker 5: or once.
- 13:37Speaker 4: It should be able to do fifty fifty.
- 13:40Speaker 1: Yeah, because Starship B three is aimed at aiming to
- 13:45Speaker 1: do one hundred tons to orbit with full reusability, and
- 13:49Speaker 1: then Starship B four we're aiming for over two hundred
- 13:52Speaker 1: tons permission and then being able to launch every hour.
- 13:56Speaker 5: Next one's data centers in space you've been talking about.
- 14:00Speaker 5: Other people have mentioned it, but obviously it has different
- 14:03Speaker 5: technical capabilities. There's colder up there, lu's vibration, but you
- 14:07Speaker 5: also got to get the data back to the Earth
- 14:09Speaker 5: by some method. I think you mentioned me lasers in
- 14:12Speaker 5: good weather in bed and so how hard is it
- 14:14Speaker 5: to do now you've looked at.
- 14:16Speaker 4: It for a while, We don't think this is a
- 14:19Speaker 4: particularly difficult thing to do.
- 14:20Speaker 1: In fact, we think it's easier than our communication satellites,
- 14:23Speaker 1: quite a bit easier than our communication satellites stallin V three.
- 14:27Speaker 1: Communication satellites is an incredibly complex machine. The AI data
- 14:31Speaker 1: center would be much simpler by comparison, because it's really
- 14:34Speaker 1: just solar power plus radiator, some basic equipment for operating
- 14:40Speaker 1: the satellite, and then the laser links which would connect
- 14:42Speaker 1: to the Starlink communications constellation and then back and then
- 14:47Speaker 1: to the ground, and it would the connection would happen
- 14:49Speaker 1: no matter what the weather is because once you connect
- 14:52Speaker 1: FM violences to the stalling communication constellation, the stalling communicates
- 14:56Speaker 1: the ground with frequencies that are cloud pinder trading, so
- 15:00Speaker 1: that in fact even roof penetrating to some degree, so
- 15:04Speaker 1: you would always be able to close link with the
- 15:07Speaker 1: data centers.
- 15:09Speaker 6: Excellent.
- 15:09Speaker 5: Talking about America, one of the big things here, we've
- 15:11Speaker 5: been talking about the reindustrialization of America for a long time.
- 15:14Speaker 5: Bring you back advanced manufacturing. Now you're talking about billion,
- 15:18Speaker 5: the terror fab billionship fabs in New York.
- 15:21Speaker 6: What compelled you do that? Now with all the other
- 15:23Speaker 6: things you're working on, Well, we.
- 15:26Speaker 1: Try to so what's the limiting factor, and the limiting
- 15:29Speaker 1: factor what we see is limiting factor is being able
- 15:33Speaker 1: to make chips, both logic memory and packaging. This was
- 15:37Speaker 1: noting that there's not a single high volume computer memory
- 15:41Speaker 1: fab in America right now.
- 15:43Speaker 4: Zero.
- 15:43Speaker 1: There's one being built in Idaho by Micron, but that
- 15:47Speaker 1: will not reach volume production until I believe twenty twenty eight.
- 15:50Speaker 1: And there's something built in New York, but they are
- 15:52Speaker 1: I think twenty nine and thirty. And this is a
- 15:55Speaker 1: tiny fraction of the memory that's needed. And in fact,
- 15:58Speaker 1: even if you take the best case assumptions of the
- 16:01Speaker 1: memory makers and the logic makers, it is not enough
- 16:05Speaker 1: to meet the demand that is anticipated, which is why
- 16:08Speaker 1: you're seeing stocks of Micron go to I think one
- 16:11Speaker 1: point two trillion or.
- 16:12Speaker 4: Some quite high number.
- 16:14Speaker 1: So there's just clearly a need for AI logic, memory
- 16:18Speaker 1: and packaging AI computers. Essentially, that is far beyond what
- 16:23Speaker 1: even the best case assumptions of the existing fabricators can do,
- 16:27Speaker 1: and that's why we need to do the terrafab Yeah,
- 16:31Speaker 1: it seems like essential advice.
- 16:34Speaker 4: We will not there will not be enough chips.
- 16:37Speaker 5: Some going to do one more on some of the
- 16:39Speaker 5: stuff you've building, and then a little bit more on
- 16:40Speaker 5: other issues AI strategy. You've also bought took a crack
- 16:44Speaker 5: inside into SpaceX. How does that fit into this platform
- 16:48Speaker 5: you're building?
- 16:51Speaker 4: Uh, yeah, there's you know.
- 16:53Speaker 1: So we do intend with our SpaceX AI satellites to
- 16:58Speaker 1: allow people to put whatever GPU or TPU they want.
- 17:01Speaker 1: So if in Bettio GPUs can be put on it,
- 17:04Speaker 1: Google TPUs can be put on Amazon, TRAINEUS or any
- 17:07Speaker 1: other ships that if you want to put on can
- 17:09Speaker 1: be put on. We will also offer our chips in
- 17:11Speaker 1: the future, and I think We also want to offer
- 17:14Speaker 1: our software.
- 17:14Speaker 4: Our AI software as well in the future, but it.
- 17:17Speaker 1: Will be such that you can run anyone's AI hardware
- 17:22Speaker 1: or software on the Tesla AI satellite space as satellites.
- 17:27Speaker 6: Yeah.
- 17:28Speaker 5: Right, So the next three are completely different. I'm gonna
- 17:33Speaker 5: mention each one. I'll each ask you each one. But
- 17:35Speaker 5: one's about his view of patriotism and service to this country.
- 17:39Speaker 5: One's about culture and bench how do you actually build
- 17:41Speaker 5: these wonderful companies because a lot of people here have
- 17:44Speaker 5: that those issues, and then kind of leadership about I
- 17:47Speaker 5: have a very specific question about that, But first I'll
- 17:50Speaker 5: start patriots. We've served this country. I know you're a patriot,
- 17:52Speaker 5: We've spoken about it. How did you brew your role
- 17:55Speaker 5: of being an American patriot helping the United States?
- 17:59Speaker 1: Yeah, I'm incredibly pro American and I it always have been.
- 18:04Speaker 4: So.
- 18:06Speaker 1: Yeah, SpaceX does do a lot of work for the
- 18:11Speaker 1: BARD used to call the Department of Defense the Department
- 18:13Speaker 1: of For these days, we have a division called star Shield,
- 18:17Speaker 1: which provides military communications and there's some other stuff that's
- 18:21Speaker 1: kind of classified, can't be can't talk about that, but
- 18:25Speaker 1: we are helping the Department.
- 18:28Speaker 4: Award and instel part of the vital element of that.
- 18:33Speaker 1: So yeah, I was just super pro America always happened.
- 18:39Speaker 5: Thank you Culture a bench, Brett. When have been with
- 18:42Speaker 5: you for fifteen twenty years? I know you've built a
- 18:45Speaker 5: huge bench in SpaceX. How do you keep it going?
- 18:48Speaker 5: Which important to you? How do you make sure you
- 18:51Speaker 5: keep the best talent?
- 18:54Speaker 4: Yeah?
- 18:54Speaker 1: When was I think around the seventh person to join
- 18:57Speaker 1: the company, and that was two thousand and two to
- 19:00Speaker 1: swing like twenty four years and general generally the senior
- 19:03Speaker 1: executives at the company you have for a very long tenure.
- 19:06Speaker 1: I think Brent Johnson's been CFO for fifteen years, and.
- 19:10Speaker 4: Yeah, like we I think because people really believe in
- 19:13Speaker 4: the mission.
- 19:14Speaker 1: I think they want to stay and they want to
- 19:16Speaker 1: keep building it. Like we want to make humanity a
- 19:18Speaker 1: space frank civilization. We want to take commanity to Mars
- 19:22Speaker 1: and the Moon and ultimately beyond. We want to make
- 19:26Speaker 1: it's like science fiction, make it real. So go to
- 19:28Speaker 1: places that have never been explored before. Make Star Trek real.
- 19:32Speaker 6: That was one of my favorite shows.
- 19:34Speaker 5: Yeah, excellent, And then last one, you've built multiple companies.
- 19:38Speaker 6: How have you changed from maybe twenty years ago?
- 19:41Speaker 5: I should maybe I should ask you, guys, how have
- 19:43Speaker 5: you changed from like when you started to today lessons
- 19:46Speaker 5: you've learned, how you changed both as a leader as
- 19:48Speaker 5: a person.
- 19:50Speaker 1: I think I'm probably more chill than I used to be,
- 19:54Speaker 1: so for a little and way more laid back than
- 19:57Speaker 1: I used to be, which I'm still not that laid back,
- 19:59Speaker 1: but more than I used to be for sure. And
- 20:02Speaker 1: one of the things that I found over time, and
- 20:04Speaker 1: I've mentioned this before, is that in terms of recruiting
- 20:08Speaker 1: people to the company and having people work with.
- 20:10Speaker 4: The company, their individual abilities and their intellectual.
- 20:13Speaker 1: Capabilities to matter a lot. But also it also matters
- 20:17Speaker 1: if they have a good heart. It's not just about
- 20:20Speaker 1: whether somebody has so niqu or whatever, but it's just
- 20:24Speaker 1: out there a good person that matters a lot.
- 20:27Speaker 4: I don't know.
- 20:27Speaker 1: I guess I've learnt a lot, although I feel like
- 20:30Speaker 1: I still have a lot to learn and just make
- 20:32Speaker 1: a lot of mistakes. But I think maybe the future
- 20:34Speaker 1: AI will say not bad for a human.
- 20:36Speaker 5: Listen, I before we thank Elon for coming, I just
- 20:39Speaker 5: want to thank him just watching him build companies, and
- 20:43Speaker 5: I can't wait to watch the next ten or fifteen
- 20:45Speaker 5: years about what you accomplish and what you dream of
- 20:48Speaker 5: and getting to Mars and building new businesses and being creative.
- 20:51Speaker 5: So Elon, I want to thank you for having everybody,
- 20:54Speaker 5: for coming here, sharing your ideas. There are brochures out
- 20:57Speaker 5: there about the whole space X thing, but Elon, thank you,
- 21:00Speaker 5: thank you.
- 21:01Speaker 4: Thanks for having me. I will say.
- 21:04Speaker 1: Thanks for listening. To see you in the next episode.