Latest / Elon Musk Podcast / Elon Musk's SpaceX Value at Over $150 Billion

Transcript

Elon Musk's SpaceX Value at Over $150 Billion · Elon Musk Podcast

• 0:00
  SpaceX is always trying to raise money and in this current
• 0:05
  climate of huge rocket launches, like the Starship and also the
• 0:10
  Falcon heavy and the current Falcon 9 SpaceX is, and talks to
• 0:14
  raise a funding round the values.
• 0:17
  The rocket launch company about 150 billion dollars and this is
• 0:22
  a jump up from the 125 billion dollar valuation from earlier
• 0:27
  this year Elon and SpaceX. Need to continue raising money
• 0:32
  because the Starship program is such a huge leap.
• 0:35
  Forward in rocketry human, spaceflight will rely on the
• 0:39
  Starship missions for the hls. NASA missions to the moon for
• 0:44
  Artemis 3, and SpaceX is kind of in a crunch time right now.
• 0:48
  They only have a few years to get this, right?
• 0:51
  And currently down at Boca Chica, Texas.
• 0:53
  They're testing Starship, they just did a massive 14 engine.
• 1:00
  Big fire of the Rocket yesterday and the next static fire that's
• 1:04
  coming up is probably going to be a 21 engine, static fire.
• 1:08
  And then after that, the full 33 engines will fire and it's going
• 1:12
  to be the most powerful rocket that humankind has ever built.
• 1:19
  So what they need to do with this rocket, is they need to
• 1:22
  make it human capable because people will be going from the
• 1:27
  rocket to the surface of the Moon.
• 1:29
  Now, the not going to launch on the rocket.
• 1:31
  And that's a weird thing that's happening right now is that
• 1:34
  they're building a system where the, the booster is static
• 1:38
  firing, which needs to send the Starship into space, in the
• 1:42
  Starship will have to dock with the Orion capsule in the orbit
• 1:47
  of the moon. And then from the Orion capsule,
• 1:49
  the people get out of the Orion capsule.
• 1:52
  Get into the starship and go down to the surface of the Moon.
• 1:54
  So basically they need this money coming in so they can fund
• 1:58
  this project which is an Seen Lee huge engineering feat.
• 2:04
  No one's ever done anything like this before.
• 2:07
  The Starship itself is 125, feet tall.
• 2:10
  It's about 150 feet. Tall all together the huge
• 2:13
  booster and the Starship on top of each other 400 feet tall
• 2:17
  bigger than the SLS rocket. The biggest rocket that's ever
• 2:19
  been built. They need this cash influx for
• 2:22
  these systems and also for starlink because they need to
• 2:26
  build out the starlink version two systems.
• 2:29
  Yes, that will be in orbit, around Earth, giving relatively
• 2:34
  lack of, let's just say, a better way to say.
• 2:37
  This would be people with rare, like barely any internet in
• 2:41
  rural areas. It's giving them the capability
• 2:44
  to have high speed internet access.
• 2:46
  It gaming speeds streaming speeds Etc.
• 2:50
  So they need the money to build out this infrastructure.
• 2:53
  They need billions of dollars to do this and people that are
• 2:56
  coming in to fund it now. They're at a capital or other
• 2:59
  it. Market cap of 150 billion
• 3:02
  according to sources close to the funding round.
• 3:06
  Now, commercial space launch is spacex's thing.
• 3:10
  The company spends tons of money, sending Palos to orbit
• 3:14
  for private sector companies for private sector, customers for
• 3:18
  NASA, and other government agencies, like the Department of
• 3:22
  Defense and the space force. It also sends bass tips to the
• 3:28
  International Space Station with a Aeronauts on board.
• 3:31
  So they do this for NASA. They have contracts with NASA
• 3:34
  for the upcoming few years up until the launch of the human
• 3:38
  space. Flight number seven to the
• 3:40
  International Space Station, and they've already done private,
• 3:44
  space tourism with civilians in the Dragon capsule.
• 3:49
  So SpaceX needs the funding to continue building these
• 3:53
  operations so they can continue these pieces of their business
• 3:58
  going forward. Falcon 9 rocket, it is a very
• 4:03
  great rocket. It continues to outperform even
• 4:07
  what SpaceX thought it was going to be able to do, and they keep
• 4:10
  adding to it and they build upon it.
• 4:12
  And right now, it's a very sustainable business model, lots
• 4:15
  of customers. Like I said, before Department
• 4:17
  of Defense is a huge one. NASA is a huge one too.
• 4:20
  This show is brought to you by backblaze, I use back place to
• 4:24
  back up my podcast, my video files, all of my writing stuff
• 4:27
  and all my photos, and you get unlimited.
• 4:29
  Added computer backup for Macs, and PCs for just $7 a month.
• 4:33
  You can backup your own documents photos videos.
• 4:36
  Drawings projects, all of your data and access your backed up
• 4:40
  data from anywhere in the world using the web app and you can
• 4:43
  access the files on your mobile to iOS Android apps all covered.
• 4:47
  And this is the cool part. This is my favorite part.
• 4:49
  You can restore it by mail, a hard drive will come to your
• 4:51
  house with all your data shipped to your door.
• 4:54
  It could come to your business to and you can restore return
• 4:57
  refund program so you can buy a Drive restore.
• 5:00
  Send the hard drive back within 30 days and get a full refund.
• 5:04
  So basically they ship you this hard drive and then you ship it
• 5:07
  back and you don't ever pay for it which is the perfect program
• 5:11
  for somebody who has huge files. You don't want to waste days and
• 5:14
  days, downloading terabytes and teraflops of data.
• 5:17
  And if you're worried about accidentally, deleting your
• 5:19
  files to bucks extra month, you can increase your retention
• 5:22
  history to one year, and I use it for all of my video.
• 5:26
  Files comes in super handy. So seven dollars plus 2.
• 5:30
  Nine dollars a month and you get everything backed up.
• 5:32
  He's a mind for up to a year. And if you use the URL back,
• 5:37
  place.com slash Ilan, you get a fully featured 15-day.
• 5:41
  No credit card required, free trial, check it out, play with
• 5:45
  it. Start protecting yourself from
• 5:47
  potential, bad times, back your stuff up.
• 5:50
  It's recommended by the New York Times ink macworld PC World.
• 5:54
  Life wire wired, Tom's guide and I defied mac and more and it's
• 5:58
  recently been listed on the national Tech stock exchange
• 6:00
  under be lze so you know they're legit back plays is committed
• 6:04
  more than ever to bring an easy and affordable data storage that
• 6:07
  you can trust don't be that person that forgot to back up
• 6:10
  their important files. We've got your back sign up for
• 6:13
  a free 15 day trial no credit card required go there sign up I
• 6:19
  you with it it's really powerful in his really easy to use.
• 6:22
  So go to back plays.com / heel on backblaze.com Ilan
• 6:28
  backblaze.com. Mom Ilan.
• 6:32
  But these private companies, they're going to be coming up in
• 6:34
  the next decade or two decades of their building out.
• 6:37
  What's going to be the infrastructure for human
• 6:40
  spaceflight in the future. So musk lead, the company
• 6:44
  world's richest, man. He has all of his stock
• 6:47
  throughout all of his companies, including Tesla SpaceX, boring
• 6:51
  company, Etc. You know.
• 6:53
  He said that starlink eventually may go public on its own and
• 6:58
  that's a huge deal because I've started They can make money just
• 7:01
  by selling little pieces of Starling stock and they can do
• 7:05
  that separately than SpaceX. That's a whole, huge Revenue
• 7:09
  stream for them. That could continue funding the
• 7:12
  other space operations such as Starship.
• 7:15
  Falcon 9, Falcon heavy, things like that for the future.
• 7:19
  So these funding rounds, very important for Starship, very
• 7:23
  important for Falcon 9, very important for human spaceflight.
• 7:27
  No matter how you think about it, if you don't want people.
• 7:29
  Living on Mars. That's fine.
• 7:31
  They have things that they're doing here on the earth that are
• 7:34
  helping people here on Earth, if you don't care about people
• 7:37
  going to the Moon. That's fine too.
• 7:39
  Because they're sending satellites up to help people
• 7:41
  here on Earth. And also the satellites that
• 7:43
  they're doing their emergency satellites in the future.
• 7:46
  They've partnered with T-Mobile to to bring this kind of
• 7:51
  connectivity to people in the way out places.
• 7:54
  Basically, if you're hiking or say, if you're snowmobiling in
• 7:58
  the desert someplace, You'll have internet connectivity, it
• 8:01
  least to send an SOS signal. So starting links are going to
• 8:04
  be helping build that infrastructure out.
• 8:08
  And they said, you know, they're going to be spending 30 billion
• 8:13
  dollars to maintain starlink. So, 30 billion dollars.
• 8:17
  Of course you have to raise money, you have to raise money a
• 8:20
  little bit at a time and from 125 to 150 billion dollars as a
• 8:25
  substantial chunk of change, 25 billion dollars and at more than
• 8:29
  150 billion dollars, right? And SpaceX could beat out B.
• 8:33
  Dance is the most valuable privately held company, and
• 8:38
  that's a huge thing, because Tick Tock is a huge Juggernaut
• 8:42
  in the social media space. And B.
• 8:43
  Dance is the most valuable held company at this point.
• 8:48
  So we can see that SpaceX is going to be not just into space
• 8:54
  at some point but they're going to be branching out into other
• 8:58
  things in the future, the star. Of course, that's in space but
• 9:01
  things down here on Earth as well.
• 9:03
  Like the satellites that people get the star like internet from,
• 9:07
  they have to spend the money on that they have to build out that
• 9:10
  system and that's what's going to be happening with all of this
• 9:14
  money that is putting are being put into this latest round of
• 9:19
  funds. So SpaceX 150 billion dollar
• 9:22
  valuation at this point. It's a great time to invest in
• 9:26
  SpaceX. If you know how to get in there.
• 9:27
  There's sort of back channels you have to Go through, and you
• 9:30
  have to have X amount of dollars.
• 9:32
  See what I did there SpaceX x amount of dollars to get in
• 9:36
  because you can't just come in with a couple hundred dollars.
• 9:38
  You have to have a lot of money to invest in this.
• 9:41
  Unless, you know, you know, some people to know some people, you
• 9:44
  got to know some people to get in there.
• 9:46
  So 150 billion looking good for SpaceX and we're hoping for more
• 9:52
  investments in the future for SpaceX to grow and another Elon
• 9:57
  Musk company to get bigger. In better as they go and there's
• 10:01
  been rumors that Gwynne Shotwell has moved down to Texas while
• 10:06
  Starbase Texas. I should say to head up the
• 10:09
  Starbase and the Starship program.
• 10:13
  So there's going to be another episode about that because
• 10:15
  that's a that's a huge, huge deal for Gwen and also somebody
• 10:21
  from Tesla is going to be moving over to SpaceX to help out with
• 10:25
  the Starbase and Starship program which is another Another
• 10:30
  huge deal because that person was in charge of manufacturing
• 10:33
  at Tesla. So that's going to be another
• 10:36
  episode. Make sure to subscribe on
• 10:37
  whatever platform you're on right now.
• 10:39
  So you can get the latest and greatest of SpaceX and all Elon
• 10:44
  Musk news. Thanks for listening, my name is
• 10:46
  Will Walden and this has been the Elon Musk podcast, take care
• 10:51
  and I'll see you next time.