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This is likely to be the largest IPO in global history
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SpaceX is likely to become the largest IPO in global history in 2026
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Elon Musk, owner of the most powerful rocket in human history
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A world billionaire with a near trillion dollar net worth
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But eighteen years ago
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Do you know this empire almost vanished over a screw worth just a few dollars
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and would have been wiped out completely
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2008 was a difficult year
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Tesla nearly collapsed
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We froze the financial system
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6 oclock on Christmas Day
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Over a million, but more money is still needed
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I dont think it will be easy
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I think they might fail
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But you know
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Starting a company is like giving birth
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Just like
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After you give birth
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After birth
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2008
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Christmas Eve
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If you were Elon Musk
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You only have the last stack of cash left
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but you have two dying, your own flesh and blood children
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A company called SpaceX
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has blown up three rockets
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A company called Tesla
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burning cash down to only three days left
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All the experts
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even your closest friends tell you
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give up one
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Keeping one would be enough
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But Elons answer is not acceptable
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No
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How could you abandon your own child
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I want to save them all
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Funds run dry
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My wife files for divorce
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In 2008, Elon Musk wasnt a tech hero
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was someone who didnt even have a place to live
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a big loser who almost had to beg friends for a living
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How he in the last moments before bankruptcy
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to win a doomsday counterstrike that changes humanitys fate
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So see you next time
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YOLO Street neighbors
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Welcome back
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Thanks for waiting
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Today we finally reach Episode 11 of the Elon Musk Epic Biography
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And the most exciting
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the most gripping chapter
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this doomsday counterattack
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Sounds incredibly dramatic
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But for Elon back then
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that real suffocating despair
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2008 was Elons deepest, darkest low
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Walking on glass
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Watching himself move toward the abyss
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Last episode
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We witnessed the Tesla empire
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how it was born from a spark filled collision
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The story begins with three men
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a tech obsessed genius JB
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B
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Straubel
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hot tempered Martin Eberhard
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and Elon Musk, who had just sold PayPal and was loaded with cash
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But this dream team
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From day one, it was a powder keg
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Martin wanted to outsource
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Martin wanted to outsource to build a fast, rough car
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But Elon insisted on vertical integration
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The core technology must stay in their own hands
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The two argued from the boardroom to the public media
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Then
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We see how Elon won the Tesla power struggle over Martin Eberhard
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But winning one battle does not mean you win the world
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Elon took over
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It is a bus burning right there
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Today
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We are not here to discuss how imposing Elon is
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But to examine this man
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how he handled a funding crunch
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the life-or-death moment
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show his crazy live-or-die streak
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this doomsday counterattack battlefield
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One side is thousands of miles away
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an island where not a single bird lays an egg
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the other side is pile after pile of burnt cash
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Neighbors grab a cup of coffee and settle in
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This episode we head straight to Elon hell gate
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While listening to the story
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as we deconstruct how today Elon was forged
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Let us go
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The story begins with an exiled rocket
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2005
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Elon initially wanted to launch his rocket at California's Vandenberg Air Force Base
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Near his company headquarters would be convenient
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really perfect
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Turns out the US military rules are sky-high compared to bureaucratic culture
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And Elon treats all rules as nonsense
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Unless you can prove that is not his character
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It is like Mars colliding with Earth
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On top of that, the Air Force must launch its own $1 billion spy satellite first
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SpaceX launch window
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Just wait
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Boss
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SpaceX was not one of the defense giants like Lockheed Martin
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A one-day delay means burning more money
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May 2005
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Elon finally could not take it anymore
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He called his subordinate
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Grab your things
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We move our base
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Where to move to
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to a place that is the opposite of convenient
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For a contract
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They had to launch at the equator
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So they spread out the map
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Found the Pacific center
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A place called Kwajalein Atoll
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Marshall Islands atoll
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Here, 4,800 miles from LA
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Former US nuclear test site
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A place where not a single bird lays an egg
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And the person in charge of this hell island base
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An Army major named Major Mango
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Major Mango
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Elon laughed after hearing this
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The tropical island is run by Major Mango
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Perfect fit
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He calls Major Mango
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Mango thought he was a crazy guy
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Hung up immediately
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No idea, I followed him and googled it
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Found
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Hey
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That guy is a real pro
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Then hit back at Elon hard
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Elon asks right away
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Hey
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Did you cut my feed just now?
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That is it
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These two guys
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At Applebees
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Had two meals
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Met twice
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A single deal and we talked it through
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Many years later
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Elon himself admits it too
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He made a huge mistake
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Not only was the logistics a nightmare
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And the air there was full of salt
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And salt air is the worst enemy of metal
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the rocket killer
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But this hellish island too
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gave rise to SpaceX and its indomitable team
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The engineers went there
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Life there was basically Survivor in real life
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Desert island survival and rebirth after the ordeal
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working there
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In a T shirt you burn after 45 minutes
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They are on the island
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Pouring concrete
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Build a launch pad
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and to save money
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they do not even pave a road
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lay a few plywood boards on the ground
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push the rocket forward a few feet
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then move the back board to the front
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inch by inch push the rocket to the launch pad
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The most remarkable is a Turkish engineer
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he even set up a cooking camp beside the launch tower
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every day he cooked beef and yogurt stew for everyone
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And what do their uniform tees say
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Out Sweat
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Out Drink
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Out Launch
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There is more sweat than people
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The drinks are much stronger than people
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Launching rockets is faster than people
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But
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Passion does not guarantee success
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March 24, 2006
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Falcon 1 first test launch
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Inside the control room
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Elon Musk at the final countdown
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Under pressure he even asked the launch commander
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A few years later, have the parts for another rocket been ordered yet
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The commander vomited blood
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25 seconds after liftoff
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Engine expert Tom Mueller looks at the data and yells
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Oh no
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Footage shows
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Engine is leaking fuel
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Still on fire
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A few seconds later
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The rocket fell into the sea
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Turned into the most expensive fireworks
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On checking
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The cause turned out to be a single B-nut
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A small screw cap on the rocket throat
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Because of the island
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Rusty and broken
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Caused oil leaks
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OK
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Second test flight
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2007
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Elon hoped this time would be safer
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To ensure the risk list is complete
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The ten deadliest risks
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Then ready for liftoff
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Turns out
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got hit again
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This time the so-called liquid slosh
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The rocket in space spins wildly, like it\
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It crashed again in the end
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Elon had listed fifteen risks at the time
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This slosh wobble just ranked eleventh
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He thought the chance was very low
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Decided to take a gamble
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Ended up losing there
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Later he reflected and said
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From now on we\
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We must always review item eleven too
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Back then who treated me worst
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The rocket blew up right there
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The car side was also a mess
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Tesla Roadster was originally planned to sell for $80k–$90k
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After crunching the numbers
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The numbers were terrifying
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For each car sold
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Not only no money to be made
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And had to burn cash to cover the losses
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Elon was obviously stubborn
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Always had to redesign
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The whole supply chain turned into a global parade
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Japanese batteries sent to Thailand for assembly
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Then shipped to the UK to add a chassis
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And shipped back to Europe
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That battery was paid for by a Japanese supplier
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And the cars could be sold
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It took a full nine months
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Elon still felt something was off
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No reason to tweak the design at all
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Would cause a huge mess
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So he sent his special team, Antonio Gracias and Tim Watkins, to audit the books
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After they finished checking, they spoke to Elon
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Elon
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Big trouble
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Turns out we didn\\
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Bill of Materials
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That means
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Building without plans is the same
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We only buy parts as they fit the car
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No budget at all for how much parts cost
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Their conclusion was
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Tesla would burn through all its money
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before selling the first car
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Bankruptcy
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This cruel reality
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Triggered an internal power struggle at Tesla
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That is why by August 2007
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Elon Musk took a stand at the board
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to oust founder and CEO Martin Eberhard
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But the CEO was ousted
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The problem was still there
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Michael Marks, who took over, also clashed with Elon
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Michael felt Elon was too domineering
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Always berating people as idiots
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Always spouting rude stuff; this is the dumbest thing I have heard
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Michael finally left a pretty sharp assessment
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He said some people
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Born assholes
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asshole
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But their achievements are too great
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This may be the price the world has to pay
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」
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Time moved to early 2008
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SpaceX had already suffered two failed launches
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Tesla burned through money until it nearly ran dry
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By August 3rd
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at the Kwajalein Atoll in the Pacific
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SpaceX marked the Falcon 1 rocket's third test flight
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This time Musk was truly all-in, risking it all
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00:10:33,717 --> 00:10:35,723
He told the team
286
00:10:35,723 --> 00:10:37,226
His money only covered three attempts
287
00:10:37,226 --> 00:10:39,900
He even said if we couldn't pull it off in three tries
288
00:10:40,221 --> 00:10:42,240
So that means we're done for
289
00:10:42,400 --> 00:10:43,564
To show their resolve
290
00:10:43,564 --> 00:10:46,390
This time the rocket carried a U.S. Air Force satellite
291
00:10:46,390 --> 00:10:47,720
NASA satellite
292
00:10:48,300 --> 00:10:52,920
Even the ashes of James Doohan, the actor who played Scotty in Star Trek
293
00:10:53,580 --> 00:10:53,884
Yeah
294
00:10:53,884 --> 00:10:55,301
Even Scotty goes along for the ride
295
00:10:55,301 --> 00:10:58,440
This time it's beam me up or blow me up
296
00:10:59,760 --> 00:11:00,725
At liftoff
297
00:11:00,725 --> 00:11:02,270
Things looked good
298
00:11:02,270 --> 00:11:03,815
Little did they know at the moment of separation
299
00:11:03,815 --> 00:11:04,780
What happened
300
00:11:05,840 --> 00:11:08,047
The problem was a one-second time difference
301
00:11:08,047 --> 00:11:12,260
At the moment the first-stage booster finished its job and prepared to return to Earth
302
00:11:12,740 --> 00:11:15,481
He actually gave it a small push upward as if reversing course
303
00:11:15,481 --> 00:11:17,880
gently bumped the second-stage rocket
304
00:11:18,480 --> 00:11:20,939
Turns out it's because of the new cooling system
305
00:11:20,939 --> 00:11:24,100
in vacuum produced a bit of residual thrust
306
00:11:24,820 --> 00:11:27,078
The control room fell from heaven to hell
307
00:11:27,078 --> 00:11:28,120
A second's difference
308
00:11:28,480 --> 00:11:29,240
Game over
309
00:11:29,240 --> 00:11:29,810
rocket
310
00:11:29,810 --> 00:11:30,380
satellite
311
00:11:30,380 --> 00:11:32,850
and Scotty's ashes
312
00:11:32,850 --> 00:11:36,080
All of it turned into scrap and fell back into the Pacific
313
00:11:37,220 --> 00:11:37,790
The control room is wiped out
314
00:11:38,615 --> 00:11:39,736
three launches
315
00:11:39,736 --> 00:11:42,204
All three launches became the most expensive fireworks
316
00:11:42,204 --> 00:11:45,120
SpaceX officially burned through all its money
317
00:11:45,820 --> 00:11:47,016
And at the same time
318
00:11:47,016 --> 00:11:49,750
Tesla was bleeding nonstop
319
00:11:49,750 --> 00:11:50,946
To make matters worse
320
00:11:50,946 --> 00:11:52,655
Even Elon's private life
321
00:11:52,655 --> 00:11:54,364
His marriage also hit the rocks
322
00:11:54,364 --> 00:11:55,731
his wife and kids
323
00:11:55,731 --> 00:11:57,440
It left him without a home to live in
324
00:11:58,180 --> 00:11:59,198
If it were you and me
325
00:11:59,198 --> 00:12:00,507
might have already given up
326
00:12:00,507 --> 00:12:01,235
file for bankruptcy
327
00:12:01,235 --> 00:12:02,835
say sorry to the world
328
00:12:02,835 --> 00:12:04,580
but I tried
329
00:12:05,400 --> 00:12:08,752
But Elon's reaction the next day shocked the world
330
00:12:08,752 --> 00:12:10,242
He didn't lash out or yell at anyone
331
00:12:10,242 --> 00:12:12,104
Just calmly told everyone
332
00:12:12,104 --> 00:12:15,828
We still have the fourth rocket parts at our LA factory
333
00:12:15,828 --> 00:12:16,573
Put it together
334
00:12:16,573 --> 00:12:19,180
Prepare the fourth launch within six weeks
335
00:12:20,200 --> 00:12:24,000
Elon-style crazy deadline returns
336
00:12:24,000 --> 00:12:24,950
six weeks
337
00:12:24,950 --> 00:12:26,280
the previous two launches
338
00:12:27,990 --> 00:12:29,700
one, 17 months apart
339
00:12:30,380 --> 00:12:33,509
but for him, SpaceX's indomitable team
340
00:12:33,509 --> 00:12:35,700
That line was like a shot of adrenaline
341
00:12:36,240 --> 00:12:39,680
The company's energy shifted from despair into a surge
342
00:12:39,700 --> 00:12:42,660
The determination I'm hell-bent on making it work
343
00:12:43,240 --> 00:12:45,420
The HR director later described it as
344
00:12:45,600 --> 00:12:46,620
After that moment
345
00:12:47,100 --> 00:12:51,740
I think most of us would follow this fool into the gates of hell
346
00:12:52,160 --> 00:12:55,400
And willingly slapping on sunscreen to rush into that one
347
00:12:55,780 --> 00:12:57,713
Two months after these words
348
00:12:57,713 --> 00:12:58,680
That is October
349
00:12:59,260 --> 00:13:01,920
After Elon had replaced three Tesla CEOs he finally realized
350
00:13:02,360 --> 00:13:06,980
This Tesla mess apart from him no one else could manage it
351
00:13:07,020 --> 00:13:08,440
Finally made a decision
352
00:13:08,820 --> 00:13:09,856
Went in personally
353
00:13:09,856 --> 00:13:13,380
CEO of two dying companies at the same time
354
00:13:14,080 --> 00:13:14,487
But
355
00:13:14,487 --> 00:13:16,520
Savvy Hong Kong folks, you might wonder
356
00:13:17,520 --> 00:13:18,038
What about money
357
00:13:18,038 --> 00:13:19,247
Where does the money come from
358
00:13:19,247 --> 00:13:21,320
Did you not just say both sides had no money
359
00:13:21,520 --> 00:13:24,260
Elon, of course, knows what he has to face
360
00:13:24,640 --> 00:13:25,116
He says
361
00:13:25,116 --> 00:13:27,180
It is like I have two sons of my own
362
00:13:27,680 --> 00:13:28,940
But the family is running out of money
363
00:13:28,940 --> 00:13:32,260
Should I give all the food to one son
364
00:13:32,640 --> 00:13:33,980
At least one would survive this
365
00:13:34,440 --> 00:13:35,620
Or split the food in half
366
00:13:35,920 --> 00:13:38,320
But both could die of hunger
367
00:13:39,060 --> 00:13:40,560
His final decision is
368
00:13:40,800 --> 00:13:42,300
He must use everything he has
369
00:13:42,320 --> 00:13:43,780
To save the two boys What is more important rockets or cars? Well I guess both are important. I guess my career is Mars and cars
370
00:13:51,300 --> 00:13:54,280
But usually these things, you hear about them and think they will not work
371
00:13:54,280 --> 00:13:56,000
When it comes to it, you are usually powerless
372
00:13:56,960 --> 00:13:58,620
But for Elon
373
00:13:58,620 --> 00:14:00,600
As the saying goes, there is a way out of a desperate situation
374
00:14:00,600 --> 00:14:02,820
Over there, SpaceX is about to
375
00:14:02,820 --> 00:14:03,680
The moment of truth
376
00:14:04,020 --> 00:14:06,260
Eight years ago at PayPal, a coup was staged
377
00:14:06,260 --> 00:14:09,020
The guys who ousted Elon from the CEO position
378
00:14:09,420 --> 00:14:10,220
Peter Thiel
379
00:14:10,220 --> 00:14:12,000
The PayPal Mafia leading the charge
380
00:14:12,040 --> 00:14:14,600
And at this moment they invested in SpaceX
381
00:14:14,600 --> 00:14:15,920
$20 million
382
00:14:16,100 --> 00:14:17,380
Elon himself says
383
00:14:17,380 --> 00:14:18,700
I do not believe in horoscopes
384
00:14:18,700 --> 00:14:20,020
But karma
385
00:14:20,020 --> 00:14:21,260
might really exist
386
00:14:21,680 --> 00:14:24,880
Back then, after he was assassinated while CEO
387
00:14:25,080 --> 00:14:26,560
No fellow PayPal brothers turned against him
388
00:14:26,560 --> 00:14:28,960
He says perhaps this is why we have this today
389
00:14:28,960 --> 00:14:30,040
To save his life
390
00:14:30,660 --> 00:14:31,350
This money is
391
00:14:31,350 --> 00:14:34,380
This money is SpaceX last-ditch bet
392
00:14:34,880 --> 00:14:36,300
With this lifeline money
393
00:14:36,540 --> 00:14:38,860
The fourth launch officially starts
394
00:14:39,220 --> 00:14:42,000
To meet Elon-style deadline of six weeks
395
00:14:42,260 --> 00:14:45,320
They chartered an Air Force C-17 transport
396
00:14:45,540 --> 00:14:48,440
Directly flew the rocket to the launch site
397
00:14:48,440 --> 00:14:51,980
Right when the plane was about to land in Hawaii for refueling
398
00:14:52,400 --> 00:14:53,680
A loud bang
399
00:14:54,100 --> 00:14:57,120
The rocket outer shell looked like a soda can
400
00:14:57,120 --> 00:14:58,660
As the plane descended rapidly
401
00:14:58,740 --> 00:15:00,560
Cabin pressure rose too quickly
402
00:15:01,040 --> 00:15:02,120
It caved in
403
00:15:02,340 --> 00:15:05,120
The engineers went into a frenzy, like headless flies
404
00:15:05,660 --> 00:15:08,280
A burly engineer even charged into the cockpit
405
00:15:08,280 --> 00:15:10,060
Shouted at the two Air Force pilots
406
00:15:10,060 --> 00:15:11,800
Tell them to fly higher immediately
407
00:15:11,800 --> 00:15:12,940
Fly higher
408
00:15:12,960 --> 00:15:15,420
Within the limits they finally managed to fly higher
409
00:15:15,420 --> 00:15:17,040
But the rocket was already damaged
410
00:15:17,700 --> 00:15:20,140
Elon on the line fell silent for a moment
411
00:15:20,700 --> 00:15:23,740
Then said something that again showed his
412
00:15:23,840 --> 00:15:25,400
Reality Distortion Field
413
00:15:25,400 --> 00:15:28,220
It is not only Mr Li who has a Reality Distortion Field
414
00:15:28,480 --> 00:15:29,980
Elon also has his own Reality Distortion Field
415
00:15:30,155 --> 00:15:30,837
He said
416
00:15:30,837 --> 00:15:31,860
No need to bring it back
417
00:15:31,860 --> 00:15:33,565
You all fly to the launch site as usual
418
00:15:33,565 --> 00:15:35,100
There you can fix it
419
00:15:36,220 --> 00:15:36,778
So
420
00:15:36,778 --> 00:15:38,825
On a lonely Pacific island
421
00:15:38,825 --> 00:15:41,243
The engineers risk their lives rushing to finish the work
422
00:15:41,243 --> 00:15:42,917
They suddenly notice again
423
00:15:42,917 --> 00:15:46,080
A giant coconut crab about three feet long appeared nearby
424
00:15:46,900 --> 00:15:48,675
They see the crab so huge
425
00:15:48,675 --> 00:15:52,047
and radiating a pressure as if it is forcing them to work
426
00:15:52,047 --> 00:15:55,420
So overbearing that even Elon, their boss, is basically a copy
427
00:15:56,000 --> 00:15:56,434
So
428
00:15:56,434 --> 00:15:58,460
The engineers decide to name the crab Elon
429
00:15:59,380 --> 00:16:02,356
Under the gaze of this giant coconut crab Elon
430
00:16:02,356 --> 00:16:04,774
these engineers who are like battlefield medics
431
00:16:04,774 --> 00:16:06,076
Took five days
432
00:16:06,076 --> 00:16:08,680
completed in five days what would take five weeks
433
00:16:09,600 --> 00:16:12,152
September 28, 2008
434
00:16:12,152 --> 00:16:13,776
Fourth launch day
435
00:16:13,776 --> 00:16:15,400
The outcome rests on this moment
436
00:16:16,480 --> 00:16:17,421
4:00 PM
437
00:16:17,421 --> 00:16:19,114
Elon returns to the command center
438
00:16:19,114 --> 00:16:20,619
The control room is dead silent
439
00:16:20,619 --> 00:16:22,500
Only the countdown can be heard
440
00:16:26,840 --> 00:16:27,717
Thank you for watching the news
441
00:16:27,717 --> 00:16:27,980
Goodbye
442
00:16:28,556 --> 00:16:29,500
Rocket lifts off
443
00:16:32,305 --> 00:16:33,811
Six minutes
444
00:16:35,600 --> 00:16:37,490
When the second stage engine shuts down
445
00:16:37,490 --> 00:16:40,220
The moment the satellite successfully enters Earth orbit
446
00:16:40,580 --> 00:16:42,573
Inside SpaceX headquarters control room
447
00:16:42,573 --> 00:16:43,647
People cried and laughed
448
00:16:43,647 --> 00:16:44,260
Hugging each other
449
00:16:44,800 --> 00:16:47,210
And Elon walked out of the control room
450
00:16:47,210 --> 00:16:49,840
Alone, quietly in the parking lot
451
00:16:49,840 --> 00:16:50,925
He did not yell
452
00:16:50,925 --> 00:16:51,830
No celebration
453
00:16:51,830 --> 00:16:54,000
Just quietly feeling this moment
454
00:16:54,560 --> 00:16:55,593
He won
455
00:16:55,593 --> 00:16:57,660
At least half of the gamble
456
00:16:58,420 --> 00:16:59,680
But half
457
00:16:59,680 --> 00:17:01,150
Of course you know
458
00:17:01,150 --> 00:17:03,040
The story is not over yet
459
00:17:03,040 --> 00:17:05,100
Elon did not even have time to pop champagne
460
00:17:05,300 --> 00:17:07,780
Because when a rocket finally soars into the sky
461
00:17:07,780 --> 00:17:12,080
Tesla, his other venture, is racing toward bankruptcy at lightspeed
462
00:17:12,420 --> 00:17:14,220
Tesla is taking a big hit
463
00:17:14,400 --> 00:17:15,651
2008
464
00:17:15,651 --> 00:17:17,320
Global financial crisis hits
465
00:17:17,400 --> 00:17:20,280
The three big U.S. automakers were lining up to file for bankruptcy
466
00:17:20,440 --> 00:17:22,720
No one would lend Tesla money
467
00:17:22,720 --> 00:17:24,607
To prop up the company
468
00:17:24,607 --> 00:17:25,980
Even had to mobilize the customers
469
00:17:27,860 --> 00:17:30,780
He says either we do this or we die together
470
00:17:30,780 --> 00:17:33,960
Everyone around him—friends and family—lent him all they had
471
00:17:34,220 --> 00:17:37,940
His brother Kimbal sold all his remaining Apple stock
472
00:17:37,960 --> 00:17:41,400
Even when banks warn that they will ruin his credit line
473
00:17:41,400 --> 00:17:42,860
He still sends money to his brother
474
00:17:43,300 --> 00:17:46,460
Google cofounder Sergey Brin also invested half a million dollars
475
00:17:46,460 --> 00:17:49,500
Even Tesla employees wrote checks to save the company
476
00:17:49,620 --> 00:17:51,960
How stressed was Elon himself
477
00:17:51,960 --> 00:17:55,540
His then girlfriend, who later became his second wife Talulah Riley, recalls
478
00:17:55,540 --> 00:17:57,740
She says Elon would scream in his dreams every night
479
00:17:57,740 --> 00:17:59,480
He would even rush to the bathroom in the middle of the night to vomit
480
00:17:59,780 --> 00:18:01,280
He became extremely thin
481
00:18:01,460 --> 00:18:04,040
Even walking looked stiff
482
00:18:04,040 --> 00:18:06,060
Even the engineer he trusted most
483
00:18:06,060 --> 00:18:09,740
The person he once called his soulmate says
484
00:18:09,880 --> 00:18:11,680
I went to ask him
485
00:18:11,800 --> 00:18:15,260
Hey, why not just give up one to save the other
486
00:18:15,760 --> 00:18:18,260
If SpaceX is where your heart truly lies
487
00:18:18,260 --> 00:18:19,980
Then you should ditch Tesla
488
00:18:20,880 --> 00:18:23,540
Of course we now know Elon's answer
489
00:18:23,540 --> 00:18:23,980
Which is
490
00:18:24,500 --> 00:18:26,780
Not a single biological child can be left out
491
00:18:28,140 --> 00:18:30,209
It's December 2008
492
00:18:30,209 --> 00:18:33,140
SpaceX had just barely died and been revived two months earlier
493
00:18:33,420 --> 00:18:38,360
a $1.6 billion NASA lifeline contract
494
00:18:38,560 --> 00:18:39,540
But Tesla
495
00:18:39,700 --> 00:18:42,560
as of now only enough to last until Christmas Eve
496
00:18:42,840 --> 00:18:44,900
That's Christmas Eve
497
00:18:44,900 --> 00:18:46,380
December 24
498
00:18:46,520 --> 00:18:49,020
By then the company account would have no money
499
00:18:49,160 --> 00:18:51,680
Even Elon's own private accounts would be drained
500
00:18:52,180 --> 00:18:53,300
In this desperate situation
501
00:18:53,640 --> 00:18:56,540
Elon had to reach out to existing Tesla investors
502
00:18:56,740 --> 00:18:59,000
Hoping they would put in more money
503
00:18:59,000 --> 00:19:00,840
Little did they know a man named Alan Salzman
504
00:19:01,140 --> 00:19:04,880
The head of VantagePoint Capital said I opposed
505
00:19:04,880 --> 00:19:06,800
That vote was like an opener
506
00:19:07,380 --> 00:19:08,500
Not for popping champagne
507
00:19:08,700 --> 00:19:11,880
It's to pry open Tesla's coffin lid
508
00:19:11,880 --> 00:19:15,260
This Alan actually had a long-standing grudge against Elon
509
00:19:15,260 --> 00:19:17,900
Always hoped Tesla would do something steadier
510
00:19:17,960 --> 00:19:21,044
For example, to supply batteries to traditional car makers
511
00:19:21,044 --> 00:19:22,690
But Elon thought this idea was simply stupid
512
00:19:23,940 --> 00:19:24,546
He says
513
00:19:24,546 --> 00:19:25,354
Boss
514
00:19:25,354 --> 00:19:26,970
You tie our sleek car to the sinking Titanic
515
00:19:26,970 --> 00:19:30,000
to a sinking Titanic
516
00:19:30,420 --> 00:19:31,833
The Titanic he means
517
00:19:31,833 --> 00:19:33,560
those traditional carmakers at the time
518
00:19:34,460 --> 00:19:37,660
Just as everyone thought Tesla was dying
519
00:19:38,100 --> 00:19:40,460
the tale then took its most dramatic turn
520
00:19:41,300 --> 00:19:43,426
The night of December 24
521
00:19:43,426 --> 00:19:47,500
The once stubborn Vantage Point unexpectedly changed course
522
00:19:47,500 --> 00:19:50,080
agreed to a new financing deal
523
00:19:50,580 --> 00:19:51,873
The moment they heard the news
524
00:19:51,873 --> 00:19:53,740
Elon, who trudged along
525
00:19:54,280 --> 00:19:55,908
Finally couldn’t take it and broke down
526
00:19:55,908 --> 00:19:58,260
In front of the phone, he couldn’t help crying
527
00:19:59,140 --> 00:20:00,299
If things had gone wrong back then
528
00:20:00,299 --> 00:20:02,120
Tesla would be dead in an instant
529
00:20:02,640 --> 00:20:07,440
And the dream of electric cars could have stayed dormant for years and years
530
00:20:08,360 --> 00:20:08,914
Alright
531
00:20:08,914 --> 00:20:10,760
Tesla got it back
532
00:20:10,760 --> 00:20:13,160
But the long-term money problem isn't finished yet
533
00:20:13,680 --> 00:20:16,626
The real white knight who saved Tesla at the time
534
00:20:16,626 --> 00:20:19,940
It was actually the German car maker Daimler later on
535
00:20:22,200 --> 00:20:25,140
The story was very Elon-like
536
00:20:25,140 --> 00:20:28,660
Daimler's senior execs said they were interested in sending some people to inspect
537
00:20:28,880 --> 00:20:30,760
Elon immediately told his engineers
538
00:20:30,760 --> 00:20:32,540
in a very short time
539
00:20:32,540 --> 00:20:34,720
the battery and motor of the Tesla Roadster
540
00:20:34,800 --> 00:20:37,460
stuffed into a gasoline-powered Smart Car
541
00:20:37,460 --> 00:20:39,420
those tiny cars
542
00:20:39,620 --> 00:20:42,500
the grey-faced German executives arrived
543
00:20:42,500 --> 00:20:43,680
With a disdainful look, they thought
544
00:20:43,880 --> 00:20:46,700
When the boss told us to look at trivial stuff
545
00:20:46,700 --> 00:20:47,800
Elon then asked
546
00:20:47,820 --> 00:20:48,162
Hey
547
00:20:48,162 --> 00:20:49,700
Why not take our car for a spin
548
00:20:50,240 --> 00:20:51,900
They sat in that car
549
00:20:51,900 --> 00:20:54,500
the Smart Car Elon carefully modified
550
00:20:55,040 --> 00:20:55,996
A stomp on the gas
551
00:20:55,996 --> 00:20:58,100
the car shot out like a rocket
552
00:20:58,540 --> 00:21:00,240
Elon later joked
553
00:21:00,400 --> 00:21:03,740
He said that Smart Car was fast enough to take off that day
554
00:21:03,740 --> 00:21:05,380
The German guys were left speechless
555
00:21:05,400 --> 00:21:06,700
jaw dropped to the floor
556
00:21:07,920 --> 00:21:11,980
Daimler quickly decided to buy Tesla shares for 50 million dollars
557
00:21:12,700 --> 00:21:13,740
To be honest
558
00:21:14,040 --> 00:21:15,860
If Daimler hadn't invested at the time
559
00:21:15,860 --> 00:21:17,840
Tesla would have died too
560
00:21:18,620 --> 00:21:19,436
With the money
561
00:21:19,436 --> 00:21:22,700
Elon could finally launch his grand plan
562
00:21:23,000 --> 00:21:26,780
to build a mass-produced four-door sedan
563
00:21:26,780 --> 00:21:29,200
the Model S that followed
564
00:21:29,240 --> 00:21:32,180
and he found his destined designer
565
00:21:32,340 --> 00:21:34,440
Franz von Holzhausen
566
00:21:34,440 --> 00:21:36,580
at SpaceX's rocket factory
567
00:21:36,820 --> 00:21:39,120
set up a temporary design studio in a tent
568
00:21:39,400 --> 00:21:41,800
Can you imagine that scene
569
00:21:41,800 --> 00:21:45,320
one side is building rockets and the cutting-edge tech for human space exploration
570
00:21:45,320 --> 00:21:47,900
the other side, a team inside the tent
571
00:21:47,900 --> 00:21:51,160
using clay models to shape the car's future
572
00:21:51,300 --> 00:21:52,880
This isn't a car factory
573
00:21:52,880 --> 00:21:54,720
It's basically Shaolin's wooden man training hall
574
00:21:55,200 --> 00:21:56,960
In this tent design studio
575
00:21:56,960 --> 00:21:59,080
They pioneered a whole new model
576
00:21:59,380 --> 00:22:02,840
put engineers and designers in the same room
577
00:22:03,280 --> 00:22:05,520
As Steve Jobs would say
578
00:22:05,520 --> 00:22:08,420
Design is the fundamental soul of a man-made creation
579
00:22:08,660 --> 00:22:11,620
Design is the fundamental soul of a man-made creation
580
00:22:12,220 --> 00:22:13,480
The most classic example
581
00:22:13,480 --> 00:22:15,980
the Model S that can pop up automatically
582
00:22:17,060 --> 00:22:19,700
Engineers of course were strongly opposed, saying
583
00:22:19,700 --> 00:22:21,140
It is both complex and prone to breaking
584
00:22:21,320 --> 00:22:23,100
But Elon insists
585
00:22:23,100 --> 00:22:27,980
The door handle senses you approaching, lights up, and pops out to greet you
586
00:22:28,040 --> 00:22:30,820
To that owner, it is simply magical
587
00:22:31,100 --> 00:22:33,900
This door handle seems to be talking to the owner
588
00:22:33,920 --> 00:22:35,540
Hey hurry up and open me
589
00:22:35,960 --> 00:22:37,560
Another disruptive design
590
00:22:37,700 --> 00:22:39,780
That giant touchscreen
591
00:22:40,080 --> 00:22:42,260
It turns a car from a piece of hardware
592
00:22:42,260 --> 00:22:46,780
into software that can be updated over the air
593
00:22:47,100 --> 00:22:51,420
Years after you buy it, its performance might still be better than when you bought it
594
00:22:52,220 --> 00:22:53,840
Tesla is no longer selling just a car
595
00:22:53,960 --> 00:22:56,720
It is selling an evolving mobile platform
596
00:22:57,000 --> 00:22:58,900
An iPhone of the auto industry
597
00:22:59,920 --> 00:23:03,040
As Tesla fights back on the ground
598
00:23:03,060 --> 00:23:06,860
Elon Musk space dream has risen to another level
599
00:23:06,980 --> 00:23:11,680
The NASA contract at the time called for a rocket far more powerful than Falcon 1
600
00:23:11,680 --> 00:23:13,980
So Falcon 9 came into being
601
00:23:15,280 --> 00:23:16,160
It has nine engines
602
00:23:16,640 --> 00:23:19,220
Its thrust is ten times greater than that of Falcon 1
603
00:23:20,280 --> 00:23:21,500
But SpaceX approach
604
00:23:22,060 --> 00:23:25,120
is to use the scrappiest methods
605
00:23:25,240 --> 00:23:28,580
to disrupt the costly bulky traditional aerospace industry
606
00:23:29,280 --> 00:23:30,840
They often scour the streets for parts
607
00:23:31,340 --> 00:23:35,020
They pay scrap price for a $1.5 million pressure vessel
608
00:23:35,620 --> 00:23:38,040
NASA space station hatch latch
609
00:23:38,460 --> 00:23:40,340
Usually costs $1500
610
00:23:41,120 --> 00:23:46,180
SpaceX simply repurposed a regular toilet door lock
611
00:23:46,700 --> 00:23:48,240
Cost is only a few tens of dollars
612
00:23:48,820 --> 00:23:51,080
Finally, the cost to rebuild the launch pad
613
00:23:51,460 --> 00:23:53,440
Only one-tenth of what traditional companies spend
614
00:23:54,600 --> 00:23:55,535
June 2010
615
00:23:55,535 --> 00:23:57,640
Falcon 9 first unmanned test flight
616
00:23:58,240 --> 00:23:59,326
The day before liftoff
617
00:23:59,326 --> 00:24:01,680
A storm drenched the rocket
618
00:24:02,440 --> 00:24:02,960
What should we do
619
00:24:03,580 --> 00:24:05,260
The NASA standard procedure
620
00:24:05,540 --> 00:24:07,500
We would have to halt and delay
621
00:24:08,140 --> 00:24:09,440
But SpaceX
622
00:24:09,440 --> 00:24:11,500
They actually found a
623
00:24:12,780 --> 00:24:14,633
way to slowly dry the antennas
624
00:24:14,633 --> 00:24:15,328
That is right
625
00:24:15,328 --> 00:24:18,340
That is the hair dryer we use at home
626
00:24:19,500 --> 00:24:20,779
Elon asks the engineer
627
00:24:20,779 --> 00:24:21,012
Hey
628
00:24:21,012 --> 00:24:22,640
Do you think it can fly
629
00:24:23,080 --> 00:24:23,955
The engineer replies
630
00:24:23,955 --> 00:24:25,180
Should be doable
631
00:24:25,640 --> 00:24:27,261
Elon looks at him
632
00:24:27,261 --> 00:24:28,721
Take on all the responsibility
633
00:24:28,721 --> 00:24:29,045
Says
634
00:24:29,045 --> 00:24:29,369
Okay
635
00:24:29,369 --> 00:24:30,180
Then it is settled
636
00:24:30,920 --> 00:24:31,616
The result
637
00:24:31,616 --> 00:24:33,240
The launch was a perfect success
638
00:24:34,280 --> 00:24:36,920
But the real test is still ahead
639
00:24:36,920 --> 00:24:38,282
In December of the same year
640
00:24:38,282 --> 00:24:42,540
SpaceX is set to tackle a mission that many countries cannot even do
641
00:24:42,720 --> 00:24:45,071
Not only to put the capsule into orbit
642
00:24:45,071 --> 00:24:47,060
but also bring it back to Earth safely
643
00:24:47,640 --> 00:24:48,823
In human history
644
00:24:48,823 --> 00:24:52,540
In the past, only three governments US, Russia and China could do it
645
00:24:53,940 --> 00:24:55,121
The day before launch
646
00:24:55,121 --> 00:24:55,965
The inspection found
647
00:24:55,965 --> 00:24:59,340
Two fine cracks on the edge of the second-stage engine skirt
648
00:25:00,400 --> 00:25:02,003
NASA people thought
649
00:25:02,003 --> 00:25:03,460
This time it has to be delayed
650
00:25:04,220 --> 00:25:04,679
Who knew
651
00:25:04,679 --> 00:25:07,740
Elon asked the team a stomach-churning question
652
00:25:08,840 --> 00:25:08,977
Hey
653
00:25:08,977 --> 00:25:10,894
Let us cut off the cracked section
654
00:25:13,760 --> 00:25:14,928
You heard that right
655
00:25:14,928 --> 00:25:18,900
His solution was to bring out a big pair of shears
656
00:25:19,200 --> 00:25:22,620
Trim the rocket skirt a bit like cutting paper
657
00:25:23,440 --> 00:25:27,360
The next day the trimmed rocket launched as usual
658
00:25:28,200 --> 00:25:31,620
The rocket successfully put Dragon into orbit
659
00:25:32,220 --> 00:25:33,520
After completing the mission
660
00:25:33,520 --> 00:25:36,120
Gently landed on the sea off California
661
00:25:36,760 --> 00:25:38,980
SpaceX is a private company
662
00:25:39,640 --> 00:25:44,220
A century-defining feat once possible only for the three world powers
663
00:25:46,620 --> 00:25:49,120
From Christmas Eve 2008 on the brink of bankruptcy
664
00:25:49,600 --> 00:25:52,060
By the end of 2010 they had successfully recovered the space capsule
665
00:25:52,800 --> 00:25:53,365
In just two years
666
00:25:53,365 --> 00:25:55,400
Elon Musk led his two companies
667
00:25:56,060 --> 00:25:58,980
One of the most incredible turnarounds in business history
668
00:25:59,680 --> 00:26:00,473
He proved
669
00:26:00,473 --> 00:26:02,060
as long as you have enough courage
670
00:26:02,060 --> 00:26:03,640
a bit of karma
671
00:26:04,480 --> 00:26:06,160
First principles thinking
672
00:26:06,660 --> 00:26:07,980
and an almost crazy confidence
673
00:26:09,320 --> 00:26:11,800
you can turn the impossible into possible
674
00:26:18,680 --> 00:26:21,160
But for Elon this is only the beginning
675
00:26:21,760 --> 00:26:24,084
Because his next challenge is even bigger
676
00:26:24,084 --> 00:26:25,080
The risks are higher
677
00:26:25,500 --> 00:26:27,640
He aims to turn a freighter into a crewed spacecraft
678
00:26:28,480 --> 00:26:31,120
In fact, he had prepared for this day long ago
679
00:26:31,720 --> 00:26:35,260
He told engineers designing the Dragon spacecraft cargo bay to reserve something unnecessary
680
00:26:35,260 --> 00:26:38,240
to reserve something unnecessary
681
00:26:38,620 --> 00:26:39,232
Neighbors
682
00:26:39,232 --> 00:26:41,220
Guess what this is?
683
00:26:41,580 --> 00:26:43,150
Tell me in the comments
684
00:26:43,150 --> 00:26:44,720
Let us see who guesses it fastest
685
00:26:45,140 --> 00:26:46,860
In the next episode we will discuss
686
00:26:47,140 --> 00:26:50,460
How Elon Musk through this sends humans to space again
687
00:26:51,440 --> 00:26:52,889
As always before we go
688
00:26:52,889 --> 00:26:54,660
Hope you agree knowledge is valuable
689
00:26:55,200 --> 00:26:57,000
If you think our content is worth supporting
690
00:26:57,400 --> 00:27:00,280
Please consider the following in the description box below
691
00:27:00,320 --> 00:27:03,060
A creator-friendly platform to support YOLO Street
692
00:27:03,460 --> 00:27:03,804
Of course
693
00:27:03,804 --> 00:27:04,720
No matter how you do it
694
00:27:04,720 --> 00:27:05,980
even if it is just a Like
695
00:27:06,311 --> 00:27:07,284
a share
696
00:27:07,284 --> 00:27:08,500
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697
00:27:08,920 --> 00:27:09,888
The most important thing is
698
00:27:09,888 --> 00:27:11,340
We refuse to be blind followers
699
00:27:12,060 --> 00:27:12,810
See you next time
700
00:27:12,810 --> 00:27:13,260
Bye47663
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