Latest / Elon Musk Podcast / BREAKING: Saudi and Abu Dhabi Invest Billions in SpaceX

Transcript

BREAKING: Saudi and Abu Dhabi Invest Billions in SpaceX · Elon Musk Podcast

• 0:05
  Hi everybody. Welcome back to the show.
• 0:08
  Today's episode is a pretty cool one, we're going to be
• 0:11
  discussing a recent report, suggesting that a subsidiary of
• 0:15
  Saudi Arabia's investment fund and in Abu Dhabi investment,
• 0:18
  firm are planning to participate in a multi-billion dollar
• 0:22
  funding round for SpaceX Elon musk's private space company.
• 0:26
  Now with SpaceX is valuation potentially reaching 140 billion
• 0:33
  dollars, this would make it one of Of the largest privately
• 0:36
  owned companies in the world by valuation.
• 0:38
  Now join us as we unpack the implications of this investment
• 0:42
  and what it means for the future of SpaceX and the private space
• 0:45
  industry. As a whole, will take a closer
• 0:47
  look at the company's recent achievements from the Milestones
• 0:50
  of the Falcon 9, Starship and possible, Mars colonization in
• 0:54
  the future. And we're going to talk about
• 0:57
  the growing interest in the private space industry from the
• 1:00
  Middle East and the potential ethical considerations of
• 1:03
  accepting. Spence from the sources.
• 1:07
  Now, according to recent reports as subsidiary of Saudi Arabia is
• 1:13
  investment funds deal and an Abu Dhabi investment firm.
• 1:17
  Alpha, Dhabi are said to be participating in a multi-billion
• 1:21
  dollar funding round for SpaceX Elon musk's private space
• 1:25
  exploration company. Now these reports come from
• 1:29
  sources familiar with the matter so they can be trusted now upon
• 1:33
  completion of the Funding run SpaceX is valuation is expected
• 1:38
  to reach approximately 140 billion dollars.
• 1:42
  Making it one of the largest privately owned companies in the
• 1:45
  world. Now the information cited two
• 1:48
  individuals reportedly familiar with a situation and they stated
• 1:52
  that Saudi Arabia's water. And electricity holding company
• 1:56
  in the United Arab. Emirates Alpha, Dhabi are
• 1:59
  involved in the funding round. Morgan.
• 2:02
  Stanley is said to be organizing the investment.
• 2:05
  Effort on SpaceX is part now, the reported investment by the
• 2:09
  Saudi Fund in SpaceX is particularly intriguing due to
• 2:13
  the previous apparent conflict between Elon Musk and the head
• 2:17
  of the public investment fund during Tesla's funding secured,
• 2:21
  debacle, text messages between Elon and Saudi pif.
• 2:25
  Head Yasir revealed the Tesla CEO was unhappy with how the
• 2:29
  fund was managing its media statements at the time.
• 2:33
  Now, as of this time, SpaceX Saudi Arabia's public investment
• 2:37
  fund foot Dhabi have not issued any responses to work inquiries
• 2:43
  for this transaction. It SpaceX recently achieved.
• 2:47
  Several significant Milestones on their own with more promising
• 2:51
  developments expected throughout the year last month.
• 2:55
  Elon Musk announced that the company's largest and most
• 2:58
  ambitious rocket today, the world's most powerful rocket
• 3:01
  Starship Would attempt its orbital launch soon and Starship
• 3:05
  has the potential to revolutionize space flight.
• 3:09
  Do it to its size and its reuse ability and I would late.
• 3:13
  February SpaceX is reliable Workhorse.
• 3:17
  The Falcon 9 successfully completed its 100th consecutive
• 3:20
  Landing. Now this achievement
• 3:22
  demonstrates. This SpaceX is landing,
• 3:24
  reliability. Is now on par with the launch
• 3:28
  reliability, some of the most Dependable rockets in the
• 3:31
  industry. Now the Of competition among
• 3:34
  other space companies further. Underscores spacex's leadership
• 3:38
  position in the launch business. Now SpaceX is starlink satellite
• 3:43
  internet, business is also expanding surpassing 1 million
• 3:47
  active subscribers worldwide in late, December of 2022.
• 3:52
  Now since then start leak has extended its service to other
• 3:55
  countries. Like the resulting in a
• 3:57
  significant increase in the number of subscribers.
• 4:01
  Now, in addition to these achievements, Space s has been
• 4:04
  making progress with its crew Dragon spacecraft, which has
• 4:08
  successfully transported astronauts to the International
• 4:11
  Space Station. The is multiple times and these
• 4:14
  missions have marked the return of human spaceflight
• 4:16
  capabilities to the United States at the retirement of the
• 4:20
  space shuttle program in 2011. Now, as NASA Kennedy continues
• 4:24
  to rely on SpaceX for crewed Missions to the ISS the
• 4:28
  company's importance in the realm of human space.
• 4:30
  Exploration continues to grow. Spacex's large, ambition, Mars
• 4:36
  colonization. They have plans for this and
• 4:39
  they'll also contribute to the company's appeal for investors.
• 4:42
  Elon Musk has consistently expressed his vision of
• 4:45
  establishing a human settlement on the red planet.
• 4:48
  In space X is Starship rocket is expected to play a crucial role
• 4:52
  in achieving that goal musk is even said an optimistic Target
• 4:56
  for the first crude Mars mission somewhere in the mid 2020s for
• 5:02
  their highlighting the companies.
• 5:03
  Ambitious plans for space exploration.
• 5:06
  Now, that's soon to be figured out and that is if SpaceX is
• 5:10
  Starship can get to orbit for the Artemis 3 mission will find
• 5:14
  that out in a couple couple months if they actually get to
• 5:16
  orbit. So that's a crucial role in
• 5:20
  SpaceX is Starship program. Now, the potential influx of
• 5:25
  funds from Saudi Arabia and Abu dhabi's investment firms would
• 5:28
  provide SpaceX with additional resources the potential of Funds
• 5:34
  from Saudi Arabia and Abu dhabi's investment firms, could
• 5:38
  provide SpaceX with additional resources to pursue its
• 5:41
  ambitious projects in the participation of these
• 5:43
  Investments. It also signify growing interest
• 5:46
  in the private space industry from the Middle East.
• 5:49
  However, the involvement of the Saudi Fund in Space X is funding
• 5:53
  round. Might also raised concerns as
• 5:55
  Saudi Arabia has been criticized for its human rights records and
• 5:59
  its role in the ongoing in Yemen.
• 6:01
  Now this could lead to questions about the the ethical
• 6:04
  implications of accepting investments from such sources.
• 6:08
  Now while the investments from baddiel and Alpha Dhabi have
• 6:12
  been not quite confirmed yet the possibility of a multi-billion
• 6:16
  dollar funding round for SpaceX suggest, the company's growth
• 6:20
  and achievements are garnering increased attention from
• 6:23
  investors worldwide and as SpaceX continues to push the
• 6:27
  boundaries of space, exploration and Tech the company's valuation
• 6:31
  and influence in the industry are.
• 6:33
  Expected to keep soaring. In there maybe and then maybe
• 6:38
  some evidence that they're going to do this cash infusion for the
• 6:41
  Starship program. If you're not familiar, the
• 6:43
  SpaceX Starship which is currently under development in
• 6:47
  spacex's Starbase Boca Chica Texas.
• 6:50
  It completely reusable. Super heavy, lift launch
• 6:53
  vehicle, that aims to revolutionize space travel.
• 6:57
  It's about 390 feet. Tall it is designed to be the
• 7:01
  tallest and most powerful launch vehicle in history.
• 7:04
  And it It boasts a unique capability of being totally
• 7:08
  reusable the top and the bottom, every piece of it is reusable.
• 7:13
  It comprising, the first stage booster, and the Starship second
• 7:16
  stage of the launch vehicle is Engineers for versatility.
• 7:21
  The second stage doubles as an independent spacecraft, capable
• 7:24
  of curing crew or care. Go, once in orbit and both
• 7:28
  stages relying on a Raptor engines, fueled by liquid oxygen
• 7:32
  and liquid methane propellants and the utilize Extremely
• 7:36
  efficient, full flow stage combustion, power cycle.
• 7:39
  Now, to maximize our usability, both rocket stages are designed
• 7:43
  to land vertically at the launch pad in Starships fully reusable
• 7:46
  configuration, boasts a payload capability of 30 or three
• 7:51
  hundred, and thirty thousand pounds, to low earth, orbit,
• 7:54
  plus more. If you're going outside of
• 7:57
  orbit, now with multiple flights and vision to distribute the
• 8:01
  spacecraft's cost, it's going to go way down in the cost per
• 8:06
  kilogram for a space flight. The spacecraft is also designed
• 8:10
  for orbital refueling before embarking on missions.
• 8:13
  Requiring a higher Delta v such as trips to the moon and to the
• 8:17
  red planet of Mars. Now potential applications for
• 8:20
  Starship include crude and cargo missions and they construct
• 8:26
  starlink internet constellations possibly with the future of
• 8:30
  Starship. The possibility of this money
• 8:32
  that's coming into space. X is Quickly placed to go toward
• 8:37
  spacex's Starship to build out the star league internet
• 8:40
  constellation in IPO the internet constellation and
• 8:45
  therefore get a return on the money that they infest, they
• 8:48
  could get tens. Maybe hundreds of billions of
• 8:51
  dollars over the lifetime of their investment.
• 8:53
  Thank you for tuning in to the Elon Musk podcast brought to you
• 8:56
  by stage. 0 Productions, and hosted by me will Walden.
• 9:00
  We hope you've enjoyed today's episode and gained some valuable
• 9:03
  insights. If you haven't already.
• 9:05
  Be sure to subscribe on your favorite podcast app so you
• 9:08
  never miss an episode. And for exclusive ad-free
• 9:11
  content check out our patreon at patreon.com slash stage Zero.
• 9:17
  Thanks for listening and we'll see you next time.