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Elon Gains Massive WEALTH + SpaceX, NASA and Tesla · Elon Musk Podcast

0:00
Welcome back to the show. This is the Elon Musk podcast
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where we talk about SpaceX, NASA.
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We also talk about Tesla, Neurolink, Boring Company X,
0:10
anything that Elon Musk has his hands in.
0:13
This is what we talk about on this show.
0:15
So welcome everybody to the live stream and check everything out
0:19
here. I appreciate you being here.
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And if you're new here, please hit the like button and also hit
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the subscribe button if you find any sort of value out of this.
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So anyway, that's out of the way.
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Let's talk about some things that Elon has been doing
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recently, some things that are happening down at Star Base
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first. And then we're going to move
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into some Tesla stuff. And we're also going to move
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into some other kind of like NASA stuff that's been going on
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with Jared Isaacman, who's a friend of Elon and who has also
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bought private space flights from Elon's company, SpaceX in
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the past. And he's also the first private
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astronaut to do an Eva. If you're not familiar what an
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Eva is, it's when you go outside of your spaceship.
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That's incredible, especially for a private company or a
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private person. Jerry is a billionaire, so he
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buys these flights off Elon and off SpaceX because he just wants
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to do cool adventure stuff and he wants to make his mark so and
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also help people get excited about Space Flight.
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But there are a few things that you know, that's been happening
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in Jared's life lately that are huge, huge things.
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One of them is that Donald Trump named him as the the next head
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of NASA, which is wild. Think about it.
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He's a 30 something. I think he's 40.
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I can't remember off the top of my head, but he's around 40 ish
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years old to be the head of NASA.
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He's also an astronaut. Like that's cool.
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Like that's the kind of leadership that NASA needs.
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Not a bureaucrat, not a an ex governor or a mayor or anything
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like that or a politician. NASA needs somebody in charge
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that is an explorer and that's what Jared is.
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So moving forward, if Jared does accept the position, if he gets
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the position, which he will like, there's no reason why he
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won't because he's what I was saying before, he's an
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astronaut. He's also a fighter pilot jet.
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He also runs a a company that sells like drones that US
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fighter pilots fight against. It's like the training drones
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that the US fighter pilots use. So he owns a company that builds
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those, promotes the, produces those.
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And yeah, of course he's a shoe in for this NASA head position.
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So going forward I think he's going to do some really cool
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stuff. Jared also said something to the
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effect of, and I have to pull this up real quick because I
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forgot what he said, but he said something about how NASA isn't
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going to be a just sending astronauts to the space station
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anymore or like low Earth orbit stuff in the like satellites and
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things like that. But he said it's going to be a
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new age of experimentation and also Space Flight
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experimentation. So check this out.
3:27
This is the article from Ars Technica written by Stephen
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Clark. And NASA's boss to NASA's boss
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to be proclaims we're about to enter an age of experimentation.
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You can get into a rhythm of using all of these providers to
3:43
get things up very quickly. So what he's talking about is
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Elon Musk's SpaceX Blue origin Ula Boeing.
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And NASA has been doing this for a long time.
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NASA has been using outside providers for a very long time,
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since their inception, to build the things that they need in
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order to do the tasks that they want to do.
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So if they want to go to Mars, NASA doesn't build that rocket.
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NASA has a private contractor build that rocket for them, and
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then they also have the private contractor build the Lander for
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Mars to their specs. So NASA goes to a private
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provider and says, hey, we need this Rover to do these certain
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tasks, whatever those tasks are. It was mostly more than likely
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science based tasks. I hope for sending it to Mars
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like a Rover, they'll tell that to Rocketdyne or Boeing or ula
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or whoever is going to build this thing.
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And that's what they've always done.
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They've always done this since since the beginning.
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Space Shuttle. NASA didn't build that.
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A contractor built that. Bunch of contractors built the
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space shuttle. Same with the the Atlas rockets,
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the Apollo program, everything. Like NASA didn't build it.
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Other companies built that. So what they're doing now is
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they're taking these privately funded companies and these are
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companies for profit now. NASA used to do it in old way,
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and the old way was you give them $5 billion to start the
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project, right? And if they don't get the
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project done with five billion, you give them another 500
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million or something like that so they can finish the project.
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They're like whoops, whoopsies, we still can't finish it.
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So they give them another 500 billion or 500 million.
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So you get an extra billion dollars out of it.
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Out of the $5 billion contract, you get 6, seven, $8 billion.
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That's not what they do now. They do completely different.
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So what they do now is the provider, say SpaceX knows what
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NASA needs. They need people to go to the
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International Space Station, so they'll bid on it, and NASA will
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pick the lowest bidder that can do the job properly.
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That's not dangerous. So now they're going to use all
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of these companies, all these different companies that I
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mentioned before, but Jared mentioned this.
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You talked of commercial investment, thriving space
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economy, all these things that NASA was doing before.
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They're going to do it at a much bigger scale because all these
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companies, they don't just want to make money.
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They want to make continuous profit because if they continue
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doing what they used to do, which is take that money and
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run, you know, they get the job done.
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But there's like, I can't get it done with five billion.
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I need 6, seven, $8 billion. They're not going to be able to
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do that. From now on.
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NASA is leaving some commercial expertise on the field, in this
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case on the ground. And so here we go.
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Space Power Conference in Orlando says.
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I love all about commercial space industry right now, Isaac
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Man said in a discussion at the Space Force Association Space
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Power Conference in Orlando. They're all generally doing the
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same thing, which is putting a lot of their own dollars on the
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line because they believe in the future that it holds.
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So all of these things, all these things that these
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companies are building, whether it's rockets or booster stages
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or kick stages, which is a, it's sort of like if you have a
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rocket and then you have like the upper stage of the rocket
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that goes to space, but that upper stage can't make it to a
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certain trajectory or a certain orbit.
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Kick stage goes, kicks it off to where it needs to go.
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So builds kick stage, ground equipment, anything that NASA
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needs, these people will be building it.
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And they're putting their own money on the line because they
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have to make a profit. He says it's not just a launch.
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More Serbs are pursuing satellite manufacturing Earth
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return vehicles, which is wild to think about.
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An earth return vehicle instead of the ship that sends people to
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the space station. An earth return vehicle.
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A ship that could bring people back to Earth from the space
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station. Build one of those.
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Cool. So once the first ship docks
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with it, they can just leave if they want to.
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But rockets have to be one of the most mature segments of the
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commercial industry. Yeah, Blue Origin is putting a
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ton of their own money online. I'd love everything Blue Rock
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Rocket Lab did as kind of another small, scrappy startup
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that's doing great things. And for sure, SpaceX and their
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approach with a fully reusable first and second stage, which is
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the Starship. Yeah, pretty awesome stuff.
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Starship is huge. I spent ten months, 1012 months
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covering it at Starbase. I was on the ground reporting
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live every single day from the side of the road filming
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Starbase. And I, I'll tell you what, man,
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that thing is 400 feet tall. You don't realize how big it is
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until you actually get there. It's gigantic.
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But he was talking about how SpaceX is going to change the
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like how well these companies are going to change the
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industry. Blue Origin, which is Jeff
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Bezos's company, putting their own money on the line, billions
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of dollars just to build a giant rocket that's similar to
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Spacex's Starship, which can take massive payloads to space.
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Things that are like the size of the space shuttle or like send a
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bust of space. You know, think about think
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about that like how big could you what kind of things would
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you send into space if you could just think the dream that up.
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And that's what they're trying to do, whether it's through a
9:17
single launch or multiple launches.
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That's what blue ordinance trying to do.
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Isaac Mitt 2 is a wealthy entrepreneur.
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According to Forbes, $1.9 billion wild right Polaris
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program, two more missions to fly with SpaceX of the players
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program is what I was talking about before where they send
9:37
people to space. The first one was the capsule.
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The Dragon had a giant window at the top of it, which hasn't been
9:45
done before. The second one he did an Eva
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where he walked outside of the of the ship kind of just like
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pop the top off. It was in a vacuum.
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So like everybody inside the the capsule was also in the vacuum
10:00
of space, climbed out of it, looked around, a little bit
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cool. And then he went back in.
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It was really, really wild. No one's done that before other
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than, you know, like a NASA astronaut or Russian astronaut
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or something like that. So Jared was the first person to
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do that privately. He bought the ticket.
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Basically, he bought his own ticket to fly to space.
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And then he goes on to say the future of the players program is
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a little bit of a question mark right now.
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It may wind up on hold for a little bit.
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We'll have to see. But overall, it's just I'm just
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super passionate about humankind's future among the
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stars and what's approaching, because it's going to arrive a
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lot quicker than probably many of us think.
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What's he talking about? It's going to happen soon,
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right? Next 10 years.
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Even Starship, Spacex's Starship will be in a place in the next
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year or so where they can start taking payloads to low Earth
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orbit, maybe make it around the moon in the next few years and
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land on the moon it within 3-4 years get to Mars.
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Elon wants to get to Mars in five years or so, like send his
11:11
giant rocket to Mars with some stuff in it.
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I don't know what the stuff's going to be, but it'll probably
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be supplies for a later mission or some some science equipment,
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we're not sure, but here we go. Shockingly, the government does
11:25
do business very differently than the rest of the country,
11:28
said Isaac Men. And that's true.
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Cost reductions enabled by using reusable rockets will allow us
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to experiment in really grand ways.
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So basically any of these reusable rockets, they can fly
11:41
to space, drop off their cargo and then fly back down to Earth,
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refuel, and then fly back up possibly the next 24 hours, 48
11:51
hours. So the cost reductions for that
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because there's not as much prep work either.
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So even though people think a lot of the cost is like the
12:00
actual rocket launching, a ton of cost is from the ground
12:04
systems, the people working there getting this place
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prepped. So in like manufacturing a new
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rocket every time is just stupid and silly.
12:14
So toss one of those rockets in the ocean.
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It's not a good thing, but now if with fully reusable rockets
12:21
like the Falcon 9 and now the Starship and Boeing Super Heavy
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rocket as well, it's going to be a completely different game
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changing flight pattern for all these rockets.
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So yeah, Jared is going to be the head of going to be the head
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of NASA, hopefully in the next administration.
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He's going to go for it. I mean, he's going to do it.
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It's like, of course he's going to get it, but there's there's
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no doubt that he's going to take that position and run with it
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because he is absolutely like he's perfect for that job.
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I don't see why he wouldn't be perfect for that job.
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Also, if you're here right now live, leave a comment.
12:57
I want to know or leave a leave a chat.
12:59
I'd like to know what you think about Jared Isaacman and also,
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you know, the next administration, because I think
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it's going to be kind of crazy. I think it's going to be wild
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what happens with the next iteration of our government and
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the next iteration of NASA, because it's, it's an iterative
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process. Everything changes all the time
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with NASA. So, but it hasn't changed a lot
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in a while. So it's, it's going to be a, a
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pretty huge change once Jared gets his hands on the reins
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there. Another thing, Elon is even
13:35
richer. Elon Musk's net worth tops $400
13:39
billion, a historic first. Elon Musk, whose wealth has been
13:43
turbocharged since president-elect Donald Trump's
13:45
win last month, became the first person to reach $400 billion net
13:48
worth, Latest milestone for the world's richest individual Elon
13:52
has been the richest guy for on and off for a long time, but now
13:57
he's $400 billion. Like what he's going to be the
14:02
first trillionaire. I, I think he, he or his
14:05
successor will be the first trillionaire because all the
14:09
automation that he's making with Tesla, SpaceX is a huge one.
14:14
But I think Tesla's robots in AI are going to bump it up even
14:18
higher. Maybe we'll get up to 700
14:20
billion, but that's, that's wild to think about the first
14:24
trillionaire. Now, the most recent catalyst
14:26
was an insider share sale privately held SpaceX, who
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boosts Musk's net worth by roughly $50 billion.
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Could you imagine selling off shares of your company and by
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the end of the day, you know, or by the end of the the sell time,
14:40
you're like, oh, I just made fifty bill.
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That's incredible. Like this guy is so wealthy.
14:47
It doesn't make any sense. Like $50 billion.
14:49
Do you know what that looks like?
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I don't. Could you imagine?
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I mean, $1,000,000 in like $1.00 bills, that's an, that's an
14:57
insane amount of money, insane amount of dollar bills.
15:00
But $447 billion, that's wild. Musk's one day wealth jump of
15:06
62.8 billion is the largest on record.
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Help propel the combined fortune of the world's richest 500
15:12
people above $10 trillion. Also, for the first time,
15:16
according to the index, the group's net worth are similar in
15:19
size to last year's combined gross domestic products of
15:21
Germany, Japan and Australia. So these people have 500 people
15:28
have more money than Germany, Japan and Australia.
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That's wild. Musk added 218 billion to his
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net worth since the start of 2024 as well.
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That's a nice, nice fact, $218 billion to your net worth.
15:45
Of course he doesn't walk around with like $218 billion in his
15:48
pocket. It's all mostly stock.
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But he, yeah, I just want to share this with you.
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Over $400 billion in net worth. I want to share this with you to
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show you that Elon isn't just stagnant.
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He's continuing to make money, sell off shares and SpaceX, even
16:06
if he had like he's always going to have a controlling share,
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He's always going to have power at SpaceX.
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But if he can continue selling shares, making the money,
16:14
because he needs to make that money so he can leverage it so
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he can build more Starships, so he can launch more Starlinks, so
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the Starlinks can make him more money so we can build more
16:24
Starships, so we can launch more star links, then it keeps going.
16:29
And then who's going to get launch partners with NASA?
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Private industry people will eventually go on Starship too.
16:36
So he's selling shares of SpaceX.
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So all these things can happen. XAI too.
16:42
It mentioned something about XA down here.
16:44
Meanwhile, the valuation, the value of his artificial
16:46
intelligence startup XAI is more than double to 50 billion since
16:49
it last raised money in May. And that's going to XAI is going
16:54
to kind of supercharge everything that Elon touches.
16:59
So I thought that was an interesting tidbit.
17:02
Video cannot play to a network issue.
17:04
Whatever I got network. And here's another cool thing
17:07
about Tesla cyber truck has gotten approval in China.
17:10
So your merit on X? Breaking news.
17:13
Tesla Cybertruck has passed the specification declaration of
17:17
China's Ministry of Industry and Information Technology and is
17:20
expected to enter the Chinese market in the near future.
17:25
See why Foxconn on X said that and Sawyer just retweeted it.
17:32
Well, re exed it. It's always a weird thing like
17:37
just shared it. They shared it on their
17:39
timeline, but that's wild cyber trucks out there in the wild.
17:42
I see it in the wild all the time.
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I drive past it all the time. Like I think it's wild looking
17:48
compared to like a regular car. So I could see in China when
17:52
they're building up the cyber truck over there, building up
17:58
the presence of the cyber truck, like there's going to be some
18:00
crazy social presence on it on X and all the other platforms out
18:05
there. I'm sure there's going to be a
18:06
bunch of YouTube videos, bunch of different shorts and
18:10
different Tik Toks about it too. When they see it the first time
18:12
because it is a wild thing to see if you haven't seen it in
18:16
person, it's like, whoa, I think it's strikingly weird.
18:21
It's like, where did this come from?
18:23
So one more little tidbit here, another SpaceX thing, and this
18:28
is, this is for the future of SpaceX.
18:30
I know this is a SpaceX heavy episode, but I wanted to let you
18:33
guys know about the cyber truck and Elon's big wealth here.
18:37
But Starbase wants to. SpaceX wants Starbase to become
18:43
its own little city. So they're about 20 minutes ish
18:48
away from Brownsville. It's down this long road that
18:52
nobody ever goes down. If you don't go to Starbase,
18:55
there's a beach at the end of it, really, really cute little
18:58
beach. But really nobody ever goes down
19:01
there other than to work at SpaceX or to look at Starbase
19:06
and look at this. the Rockets and things you can see like
19:08
right on the road, they're right there.
19:11
So there's, you know, there's there's some things that this
19:15
could help with SpaceX. So here's a little bit of this
19:23
Cameron County from Cathy leader is the general manager of
19:26
Starbase. To continue growing the
19:27
workforce necessary rapidly develop and manufacture
19:30
Starship. We need the ability to grow
19:32
Starbase as a community. That is why we are requesting
19:36
the Cameron County call an election to enable the
19:38
incorporation of Starbase as the newest city in the Rio Grande
19:42
Rio Grande Valley. So it looks like taxes, things
19:49
like that. Trevino, who's the local judge,
19:54
said our legal and elections administration will review the
19:56
petition, see whether or not it complied with all the statutory
20:00
requirements and then we'll go from there.
20:03
And they work really close together.
20:06
Trevino and SpaceX, they work very close together.
20:09
Judge Eddie Trevino, top elected official in Cameron County.
20:14
So more than likely, if they did the paperwork properly, this is
20:18
going to pass easily. I mean, Cameron County needs the
20:21
the tax dollars. So make it into a city and like
20:24
certain things happen. The county has to provide
20:26
certain services, I'm not exactly sure what those services
20:29
are, but also SpaceX has to pay certain different things to the
20:32
county and to the state if they are a city.
20:36
So it's basically like Star Base city.
20:39
Like that's what like you name it, a city.
20:41
That's crazy. More than 3400 full time SpaceX
20:44
employees and contractors work at the Star Base site, according
20:47
to a local impact study issued by Trevino earlier this year.
20:50
So there aren't many people that live there, but there's always
20:53
about 3500 to 4000 people at Starbase like in and out all
20:58
time. So it's a small city, if you
21:03
could call it a city, because most of the people visit during
21:06
the day and then they all take off at night.
21:08
It's I mean, there are, it does, they do kind of work around the
21:12
clock there, but they're different shifts and it's always
21:15
busy. But out of those 3400 people,
21:20
full time employees, half go in the morning or thirds I guess
21:24
and do 3 shifts or whatever. They have different shifts
21:27
throughout the day. So if they are a city, like I
21:32
said before, they'll do different taxes and they'll
21:36
they'll be treated differently than just like a project that
21:39
Elon Musk is working on down at the down at the middle of
21:42
nowhere. It really is the middle of
21:44
nowhere too. It's like you don't want to go
21:46
down there if you don't have to. And it's, there's no resources
21:51
anywhere. There's no bathrooms, there's no
21:54
like convenience stores, there's no gas stations.
21:56
So it's out in the middle of nowhere.
22:00
But there's 3400 people there, you know, throughout the day,
22:02
which is kind of wild to think about because in a city of like
22:07
couple 100,000 people of Brownsville, there's people all
22:10
over the place all the time. But when you go to Star Base,
22:14
there are people there, but it's very desolate.
22:17
So I don't know how like becoming a city works or like
22:19
what you need. Like what are the what are the
22:23
qualifications? Like?
22:24
Do you need a population of certain amount of people in
22:27
order to become a city? Because it looks like maybe
22:29
SpaceX might have that amount. I don't know.
22:31
They might. But 3400 people is not that big
22:35
of a city, man. I grew up in a town a little bit
22:39
smaller than that. It's not that many people just
22:42
say, just saying. So that's all I have for today.
22:46
Everybody. I want to thank you for becoming
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part of this program. Thanks for showing up today and
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hanging out and being part of the Elon Musk Podcast.
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Take care of yourselves and each other and I'm out of here.
23:30
Take care. I got it.
23:32
I don't even have an end screen. I never have an end screen.
23:34
I should probably make one of those, huh?
23:35
There we go, There we go. That's kind of the end screen
23:38
right there, right? Bye everybody.