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These are the user uploaded subtitles that are being translated: 1 00:00:01,069 --> 00:00:05,073 [projector chattering] 2 00:00:09,377 --> 00:00:12,380 [suspenseful music] 3 00:00:46,080 --> 00:00:48,015 [Elon] This is a difficult thing that we're doing. 4 00:00:48,048 --> 00:00:50,684 It's a hard thing, it's a new thing, 5 00:00:50,718 --> 00:00:54,888 and you know, I'd hope that you would cheer us on. 6 00:00:55,389 --> 00:00:58,592 [dramatic music] 7 00:01:24,152 --> 00:01:28,989 [Mission Control] Three, two, one, and lift off! 8 00:01:29,022 --> 00:01:31,892 [rocket roaring] 9 00:01:31,925 --> 00:01:33,261 [Elon] I think this is a really good milestone 10 00:01:33,294 --> 00:01:34,728 for the future of space flight. 11 00:01:34,762 --> 00:01:37,431 You know, I think it's another step towards the stars. 12 00:01:38,599 --> 00:01:42,136 [Narrator] Elon Musk is not your average tech billionaire. 13 00:01:42,170 --> 00:01:44,438 He's one of the most intriguing entrepreneurs 14 00:01:44,472 --> 00:01:46,240 in business today. 15 00:01:46,274 --> 00:01:49,410 The man behind PayPal is taking on the giants 16 00:01:49,443 --> 00:01:51,912 of the aerospace and motor industries, 17 00:01:51,945 --> 00:01:53,847 along with the oil corporations, 18 00:01:53,881 --> 00:01:56,617 the energy utility companies, and winning. 19 00:01:57,951 --> 00:01:59,687 [Ashley] Elon Musk is a visionary, 20 00:01:59,720 --> 00:02:02,490 someone who comes along perhaps once a century, 21 00:02:02,523 --> 00:02:05,959 who is actually changing the way we function 22 00:02:05,993 --> 00:02:07,661 and the way we look at the world. 23 00:02:08,629 --> 00:02:09,797 Back then, 24 00:02:09,830 --> 00:02:11,465 people were still afraid to buy books online, 25 00:02:11,499 --> 00:02:13,967 so putting together a financial services suite 26 00:02:14,001 --> 00:02:17,037 on the internet was a rather revolutionary idea, 27 00:02:17,070 --> 00:02:19,173 and that company turned out to be PayPal, 28 00:02:19,207 --> 00:02:20,808 the online payment service. 29 00:02:20,841 --> 00:02:22,643 It's one thing to run a company 30 00:02:22,676 --> 00:02:24,545 that's worth a billion dollars. 31 00:02:24,578 --> 00:02:26,880 Elon Musk has four. 32 00:02:26,914 --> 00:02:29,550 My personal ideology is kind of split right now 33 00:02:29,583 --> 00:02:32,486 between trying to be helpful on Earth related stuff, 34 00:02:32,520 --> 00:02:33,887 which is sustainable energy, 35 00:02:33,921 --> 00:02:36,357 and then trying to advance space technology, 36 00:02:36,390 --> 00:02:38,926 so we can establish a self-sustaining city on Mars. 37 00:02:40,594 --> 00:02:43,964 From AI, to disrupting the car industry, 38 00:02:43,997 --> 00:02:45,299 to SolarCity. 39 00:02:45,333 --> 00:02:47,468 I mean how many other people can say, 40 00:02:47,501 --> 00:02:49,002 I have my own rocket company? 41 00:02:49,036 --> 00:02:49,837 Not many. 42 00:02:51,272 --> 00:02:53,341 - In terms of space, Elon has completely changed 43 00:02:53,374 --> 00:02:54,808 how we think about everything. 44 00:02:54,842 --> 00:02:56,810 When you look at what SpaceX has done 45 00:02:56,844 --> 00:02:58,412 with their reusable rockets, 46 00:02:58,446 --> 00:03:02,416 we are seeing science fiction of the 1950s coming to life. 47 00:03:02,450 --> 00:03:05,519 Rockets land as they always were meant to do. 48 00:03:05,553 --> 00:03:07,655 It's really trying to land on a postage stamp there. 49 00:03:07,688 --> 00:03:09,390 [Doug] Astonishingly difficult. 50 00:03:09,423 --> 00:03:11,359 So, Mars does beckon. 51 00:03:12,293 --> 00:03:13,594 I am very convinced 52 00:03:13,627 --> 00:03:15,696 that this is gonna happen in my lifetime. 53 00:03:16,864 --> 00:03:18,198 - If you look at Tesla alone, 54 00:03:18,232 --> 00:03:20,000 has changed the way that automobiles 55 00:03:20,033 --> 00:03:21,769 will be forever in the future. 56 00:03:21,802 --> 00:03:24,372 He has truly broken down the wall 57 00:03:24,405 --> 00:03:26,173 that was impossible to break, 58 00:03:26,206 --> 00:03:28,075 and now we're in a situation where 59 00:03:28,108 --> 00:03:29,710 all of the big car companies 60 00:03:29,743 --> 00:03:32,346 are switching massively to electric cars, 61 00:03:32,380 --> 00:03:37,050 and that is a revolution done by one man. 62 00:03:38,151 --> 00:03:39,553 [Sarah] He's almost like a real life Iron Man 63 00:03:39,587 --> 00:03:40,788 in what he's doing. 64 00:03:40,821 --> 00:03:42,690 There's a lot more that will happen 65 00:03:42,723 --> 00:03:44,191 before his story is over. 66 00:03:44,224 --> 00:03:48,195 So, I think we just get to watch, and be excited, 67 00:03:48,228 --> 00:03:49,663 and see what comes next. 68 00:03:51,899 --> 00:03:55,603 A lot of people think that successful entrepreneurs 69 00:03:55,636 --> 00:03:57,738 are just happened to be in the right place at the right time 70 00:03:57,771 --> 00:03:59,707 with the right product or right service. 71 00:03:59,740 --> 00:04:00,474 That's untrue. 72 00:04:01,575 --> 00:04:03,777 Why are they not content with $25 million 73 00:04:03,811 --> 00:04:05,313 when they sell their first company, 74 00:04:05,346 --> 00:04:08,416 then go on to a second company for another $50 million, 75 00:04:08,449 --> 00:04:11,585 or a third company when they fail and go into another one. 76 00:04:11,619 --> 00:04:14,922 Serial entrepreneurs are driven. 77 00:04:16,324 --> 00:04:17,891 They're psychologically driven, 78 00:04:17,925 --> 00:04:20,761 and it's usually to do with something in their childhood. 79 00:04:27,267 --> 00:04:31,739 [Narrator] Elon Reeve Musk was born in Pretoria in 1971, 80 00:04:31,772 --> 00:04:34,975 the son of a Canadian mother and South African father. 81 00:04:38,111 --> 00:04:39,813 Elon grew up in South Africa, 82 00:04:39,847 --> 00:04:43,951 and he had a very unfettered upbringing. 83 00:04:43,984 --> 00:04:46,787 He has said that he was raised basically by books 84 00:04:46,820 --> 00:04:49,357 and occasionally nannies. 85 00:04:49,390 --> 00:04:52,259 His mother and father have two other kids. 86 00:04:52,292 --> 00:04:54,595 They're, he has a younger brother and sister, 87 00:04:54,628 --> 00:04:57,931 Kimball and Tuska, but it seemed like Elon didn't have 88 00:04:57,965 --> 00:04:59,433 a lot of adult supervision. 89 00:04:59,467 --> 00:05:03,671 He said that he was basically out there building explosives, 90 00:05:03,704 --> 00:05:07,975 and learning about conduction with very little supervision. 91 00:05:09,009 --> 00:05:10,711 He had a passion for engineering, 92 00:05:10,744 --> 00:05:13,146 and obviously physics and the sciences as well. 93 00:05:16,684 --> 00:05:19,353 [Narrator] Musk attended Waterkloof Primary School, 94 00:05:19,387 --> 00:05:21,455 and after his parents divorced, 95 00:05:21,489 --> 00:05:24,358 nine year old Elon went to live with his father. 96 00:05:26,527 --> 00:05:29,363 Elon at one stage in his childhood, 97 00:05:29,397 --> 00:05:31,198 after his parents divorced, 98 00:05:31,231 --> 00:05:33,801 says that he felt sorry for his dad living by himself, 99 00:05:33,834 --> 00:05:36,136 so he opted to go and live with his dad. 100 00:05:36,169 --> 00:05:39,139 That, he later called a huge mistake. 101 00:05:39,172 --> 00:05:40,508 He's been on record saying, 102 00:05:40,541 --> 00:05:42,309 he didn't have a great relationship with his father. 103 00:05:42,342 --> 00:05:43,744 He's notably said some really, 104 00:05:43,777 --> 00:05:45,979 really hard things about his dad. 105 00:05:46,013 --> 00:05:49,650 It sounds like it was a really awful situation. 106 00:05:49,683 --> 00:05:51,251 His father was an engineer, 107 00:05:51,284 --> 00:05:54,822 and Elon says that a lot of his engineering nous 108 00:05:54,855 --> 00:05:56,524 came from his father, 109 00:05:56,557 --> 00:05:59,993 and his father had some issues according to Elon, 110 00:06:00,027 --> 00:06:03,096 but what he did have was a very incisive 111 00:06:03,130 --> 00:06:04,532 engineering background. 112 00:06:04,565 --> 00:06:06,900 As disturbing as Elon's relationship 113 00:06:06,934 --> 00:06:09,503 with his dad seemed to be, 114 00:06:09,537 --> 00:06:12,673 Elon's relationship with his mother appears to be very good 115 00:06:12,706 --> 00:06:14,508 and went from strength to strength. 116 00:06:14,542 --> 00:06:17,277 I think his mother is probably the ultimate optimist. 117 00:06:17,310 --> 00:06:18,846 She's lovely. 118 00:06:18,879 --> 00:06:21,048 She's really something. 119 00:06:21,081 --> 00:06:22,550 [people chattering] 120 00:06:22,583 --> 00:06:25,118 Open the New York Times, there's Maye, it's great. 121 00:06:25,152 --> 00:06:26,854 I've been modeling for 50 years, ha! 122 00:06:26,887 --> 00:06:31,391 So, you just have to just keep on going, and be nice, 123 00:06:31,425 --> 00:06:33,761 and available, and be surprised 124 00:06:33,794 --> 00:06:36,029 when you suddenly become mother of the bride, 125 00:06:36,063 --> 00:06:37,798 and then grandmother. 126 00:06:37,831 --> 00:06:39,733 Elon's Mom has been very supportive of him 127 00:06:39,767 --> 00:06:40,934 over the years. 128 00:06:40,968 --> 00:06:42,269 She's constantly outspoken on Twitter 129 00:06:42,302 --> 00:06:43,771 telling us the wonders of Elon, 130 00:06:43,804 --> 00:06:45,973 and she's clearly very proud of him. 131 00:06:46,006 --> 00:06:48,141 Maye Musk is an incredible woman. 132 00:06:48,175 --> 00:06:49,943 At something like 69, 133 00:06:49,977 --> 00:06:52,546 she's called an "It Girl" by Vanity Fair. 134 00:06:52,580 --> 00:06:56,216 She's an in-demand model who's doing campaigns 135 00:06:56,249 --> 00:06:58,986 for big major brands all over the world. 136 00:06:59,019 --> 00:07:01,589 She's one of the most glamorous older women 137 00:07:01,622 --> 00:07:02,923 you will ever see. 138 00:07:04,525 --> 00:07:08,596 Despite the fact that Elon says he tried repeatedly, 139 00:07:08,629 --> 00:07:09,997 again and again and again 140 00:07:10,030 --> 00:07:13,567 to try and repair his relationship with his father, 141 00:07:13,601 --> 00:07:15,435 at this stage he's just given up, 142 00:07:15,469 --> 00:07:18,739 because he doesn't believe his dad is capable of change. 143 00:07:18,772 --> 00:07:21,408 He's talked openly about how as a child 144 00:07:21,441 --> 00:07:23,076 he spent a lot of time alone. 145 00:07:23,110 --> 00:07:25,345 He says he can still remember 146 00:07:25,378 --> 00:07:27,648 the sound of an empty house, 147 00:07:27,681 --> 00:07:29,449 footsteps far off in the distance, 148 00:07:29,483 --> 00:07:31,619 and he never ever wanted that again. 149 00:07:32,185 --> 00:07:35,489 [suspenseful music] 150 00:07:38,225 --> 00:07:42,329 My own view is the really stellar entrepreneurs, 151 00:07:42,362 --> 00:07:44,765 their life experiences particularly in childhood 152 00:07:44,798 --> 00:07:47,501 are the determinant of their success later on. 153 00:07:47,535 --> 00:07:49,670 If you look at their early childhood experiences, 154 00:07:49,703 --> 00:07:53,206 you will find a number of adverse events. 155 00:07:53,240 --> 00:07:56,610 Substantial adverse events like school bullying, 156 00:07:56,644 --> 00:07:58,345 or being rejected. 157 00:07:58,378 --> 00:08:01,481 These events drive you, you now need to prove something. 158 00:08:01,515 --> 00:08:03,617 You wanna gain control of a world again, 159 00:08:03,651 --> 00:08:06,319 you didn't have control of when you were younger, 160 00:08:06,353 --> 00:08:09,222 and moving toward a top job, 161 00:08:09,256 --> 00:08:12,826 being an entrepreneur, being a CEO, gives you power, 162 00:08:12,860 --> 00:08:15,829 gives you strength, gives you control, 163 00:08:15,863 --> 00:08:17,531 the thing they never had when they were younger, 164 00:08:17,565 --> 00:08:21,902 so I think that's a driving force in many entrepreneurs. 165 00:08:21,935 --> 00:08:25,405 [melancholy music] 166 00:08:25,438 --> 00:08:26,640 [Narrator] Elon Musk attended 167 00:08:26,674 --> 00:08:28,876 Bryanston High School in Pretoria, 168 00:08:28,909 --> 00:08:30,878 where he thrived academically. 169 00:08:33,346 --> 00:08:35,583 He had quite a tough upbringing. 170 00:08:35,616 --> 00:08:38,151 There are some reports of bullying as well. 171 00:08:38,185 --> 00:08:42,489 You know, any child that shows that sort of intellect, 172 00:08:42,522 --> 00:08:46,594 and interest might come under the glare of the bullies. 173 00:08:46,627 --> 00:08:49,362 He was even hospitalized after one particular fight. 174 00:08:50,530 --> 00:08:51,732 He was a nerd. 175 00:08:51,765 --> 00:08:53,266 He was bullied at school. 176 00:08:53,300 --> 00:08:55,836 There was one point he was even knocked unconscious. 177 00:08:55,869 --> 00:08:58,171 You know, it wasn't obvious 178 00:08:58,205 --> 00:09:00,407 that he was a marketing genius at that point. 179 00:09:02,375 --> 00:09:04,511 [ref whistle blows] 180 00:09:04,544 --> 00:09:06,614 Elon took on wrestling classes, 181 00:09:06,647 --> 00:09:09,116 and a bit of judo in an attempt to compensate 182 00:09:09,149 --> 00:09:11,451 with a bit of added physicality, 183 00:09:11,484 --> 00:09:12,886 and then he grew up a little bit, 184 00:09:12,920 --> 00:09:14,554 got a growth spurt, got a bit taller, 185 00:09:14,588 --> 00:09:17,858 and really took the bullies head on. 186 00:09:17,891 --> 00:09:20,193 [suspenseful music] 187 00:09:20,227 --> 00:09:23,130 [Narrator] After spending three years at Bryanston High, 188 00:09:23,163 --> 00:09:26,233 Elon attended Pretoria High School for boys. 189 00:09:27,400 --> 00:09:31,905 Elon attended Boys High from 1986 until 1988, 190 00:09:31,939 --> 00:09:34,541 which is the year he matriculated. 191 00:09:34,574 --> 00:09:36,143 He excelled in science, 192 00:09:36,176 --> 00:09:39,312 and he also excelled in computer studies. 193 00:09:39,346 --> 00:09:42,449 He, in fact, got a distinction for both science 194 00:09:42,482 --> 00:09:44,752 and computer studies in 1988. 195 00:09:45,819 --> 00:09:47,120 As I do recall his grades, 196 00:09:47,154 --> 00:09:48,989 'cause I have them in my mark book, 197 00:09:49,022 --> 00:09:52,626 and he was definitely top of the science class. 198 00:09:52,660 --> 00:09:54,895 I've taught many boys over the years, 199 00:09:54,928 --> 00:09:57,397 and Elon did stick in my mind. 200 00:09:57,430 --> 00:09:59,566 You know, I can't tell you where every boy sat, 201 00:09:59,599 --> 00:10:01,234 but I can remember Elon 202 00:10:01,268 --> 00:10:02,836 sitting at the back of the classroom 203 00:10:02,870 --> 00:10:04,404 getting on with his work. 204 00:10:04,437 --> 00:10:05,639 He wasn't one of the boys 205 00:10:05,673 --> 00:10:08,075 that wanted attention all the time. 206 00:10:08,108 --> 00:10:10,443 We always take a lot of pride in all of the boys, 207 00:10:10,477 --> 00:10:11,979 but from a personal point of view 208 00:10:12,012 --> 00:10:14,281 having taught Elon science, 209 00:10:14,314 --> 00:10:17,084 I'd like to think that I made a small input 210 00:10:17,117 --> 00:10:18,752 in his formative years. 211 00:10:18,786 --> 00:10:21,154 I've read would like to go to Mars. 212 00:10:21,188 --> 00:10:23,691 I'm hoping he'll do that a lot sooner, 213 00:10:23,724 --> 00:10:26,694 but Star Trek style so he can invite me there. 214 00:10:27,560 --> 00:10:29,596 [upbeat music] 215 00:10:29,629 --> 00:10:32,265 [Narrator] Elon Musk was always different. 216 00:10:32,299 --> 00:10:35,002 His entrepreneurial ventures started early. 217 00:10:36,904 --> 00:10:41,041 In 1984, a science fiction inspired tech success 218 00:10:41,074 --> 00:10:42,976 gave a hint of his future 219 00:10:43,010 --> 00:10:45,412 when he sold his first commercial software. 220 00:10:46,914 --> 00:10:49,549 [Jeff] He started working on computers at the age of 10, 221 00:10:49,582 --> 00:10:51,952 working very hard, and being very clever 222 00:10:51,985 --> 00:10:53,987 in developing programs. 223 00:10:54,021 --> 00:10:56,456 He develops a video game called Blastar. 224 00:10:56,489 --> 00:11:00,327 He famously sold this to a PC magazine for $500. 225 00:11:00,360 --> 00:11:02,395 Elon was asked about 226 00:11:02,429 --> 00:11:04,464 what sets him apart from other people, 227 00:11:04,497 --> 00:11:05,966 and he himself said, 228 00:11:05,999 --> 00:11:10,170 there were things that were very obvious to him growing up 229 00:11:10,203 --> 00:11:12,072 that other people didn't understand, 230 00:11:12,105 --> 00:11:13,473 how conduction works, 231 00:11:13,506 --> 00:11:17,077 how light and wires make a light switch go on, 232 00:11:17,110 --> 00:11:20,480 things that to him were immediately clear and obvious, 233 00:11:20,513 --> 00:11:22,682 whereas other people didn't automatically, 234 00:11:22,716 --> 00:11:24,484 especially when they're like 14, 235 00:11:24,517 --> 00:11:26,253 understand what was going on. 236 00:11:26,286 --> 00:11:27,755 He played a lot of chess, 237 00:11:27,788 --> 00:11:30,090 and as a result of that was always sort of thinking ahead. 238 00:11:30,123 --> 00:11:32,392 In chess you play to think moves ahead. 239 00:11:32,425 --> 00:11:34,261 So, even when he was younger, 240 00:11:34,294 --> 00:11:36,696 he was looking at ideas for 241 00:11:36,730 --> 00:11:39,166 what might make a good business in the short term, 242 00:11:39,199 --> 00:11:42,369 and then what could be part of a grand plan further on. 243 00:11:42,402 --> 00:11:45,105 [dramatic music] 244 00:11:48,075 --> 00:11:50,010 [Narrator] After graduating from high school, 245 00:11:50,043 --> 00:11:53,546 Musk briefly attended the University of Pretoria 246 00:11:53,580 --> 00:11:56,950 before deciding to leave South Africa. 247 00:11:56,984 --> 00:11:59,552 The story of Elon Musk's wealth and his rise 248 00:11:59,586 --> 00:12:02,455 is tied up in part with the American dream. 249 00:12:02,489 --> 00:12:03,891 It was always ingrained to him 250 00:12:03,924 --> 00:12:06,026 that South Africa wasn't where he was going to achieve 251 00:12:06,059 --> 00:12:06,927 the ambitions he had. 252 00:12:06,960 --> 00:12:08,461 He wanted to be in America. 253 00:12:08,495 --> 00:12:10,430 He wanted to be a part of that scene. 254 00:12:10,463 --> 00:12:12,365 Initially he couldn't go directly to America. 255 00:12:12,399 --> 00:12:14,301 He actually had to go through Canada. 256 00:12:14,334 --> 00:12:17,104 [dramatic music] 257 00:12:18,271 --> 00:12:20,307 [Narrator] Elon spent two years studying 258 00:12:20,340 --> 00:12:22,810 at Queen's University in Ontario. 259 00:12:24,177 --> 00:12:26,746 He funded his own degrees in Canada and the US 260 00:12:26,780 --> 00:12:29,549 by getting scholarships and working part time, 261 00:12:29,582 --> 00:12:32,552 so he didn't have a huge amount of money behind him. 262 00:12:32,585 --> 00:12:35,422 He has a famous university paper where he talks about 263 00:12:35,455 --> 00:12:37,557 wanting to conquer different areas of the world, 264 00:12:37,590 --> 00:12:39,759 and those included the internet, space exploration, 265 00:12:39,793 --> 00:12:41,829 solar energy, artificial intelligence, 266 00:12:41,862 --> 00:12:43,763 and brain learning interfaces as well. 267 00:12:44,664 --> 00:12:47,434 [ethereal music] 268 00:12:48,936 --> 00:12:52,005 Elon Musk married his childhood sweetheart. 269 00:12:52,039 --> 00:12:53,606 They met at university. 270 00:12:53,640 --> 00:12:56,443 Her name was Justine and she was absolutely beautiful, 271 00:12:56,476 --> 00:12:57,744 and on their first date 272 00:12:57,777 --> 00:12:59,312 they were supposed to go out for ice cream. 273 00:12:59,346 --> 00:13:02,816 She actually said yes, and then basically ditched him, 274 00:13:02,850 --> 00:13:05,452 and went off to do some studying instead. 275 00:13:06,386 --> 00:13:07,988 He didn't take no for an answer. 276 00:13:08,021 --> 00:13:08,956 He pursued her. 277 00:13:08,989 --> 00:13:10,824 He continued to pursue her, 278 00:13:10,858 --> 00:13:12,659 and even after Elon left 279 00:13:12,692 --> 00:13:15,095 the university he attended with Justine 280 00:13:15,128 --> 00:13:16,529 and moved to Horton Business School, 281 00:13:16,563 --> 00:13:19,666 he still sent her roses regularly. 282 00:13:19,699 --> 00:13:22,169 When Elon Musk is interested in you, 283 00:13:22,202 --> 00:13:24,337 I think he comes on like a steam train 284 00:13:24,371 --> 00:13:27,107 or an electric steam train perhaps, 285 00:13:27,140 --> 00:13:29,109 but Elon Musk is unstoppable. 286 00:13:29,142 --> 00:13:30,710 He sees what he wants, 287 00:13:30,743 --> 00:13:34,114 and he does everything he needs to do to get it. 288 00:13:34,147 --> 00:13:37,650 He's like that in business and he's like that in love. 289 00:13:43,823 --> 00:13:45,292 [Narrator] Having completed degrees 290 00:13:45,325 --> 00:13:47,060 in business and physics, 291 00:13:47,094 --> 00:13:51,631 in 1995 Musk abandoned the PhD at Stanford 292 00:13:51,664 --> 00:13:53,666 and headed for Silicon Valley. 293 00:13:56,569 --> 00:13:58,305 He famously dropped out of his third degree 294 00:13:58,338 --> 00:14:00,974 at Stanford University in California after just two days. 295 00:14:01,008 --> 00:14:02,175 And, he had launched a company 296 00:14:02,209 --> 00:14:04,577 with his brother Kimball called Zip2, 297 00:14:04,611 --> 00:14:07,580 and it was effectively a form of online Yellow Pages 298 00:14:07,614 --> 00:14:09,516 that he sold to newspapers at the time. 299 00:14:09,549 --> 00:14:12,485 And, he struck lucky when the company was bought. 300 00:14:12,519 --> 00:14:15,088 They actually ended up selling it to Compaq, 301 00:14:15,122 --> 00:14:17,824 for about $307 million, 302 00:14:17,857 --> 00:14:19,659 when he was only 27 years old. 303 00:14:19,692 --> 00:14:22,695 He made about $22 million back then, 304 00:14:22,729 --> 00:14:24,331 which is wonderful, an awful lot of money, 305 00:14:24,364 --> 00:14:25,832 but in typical Elon style, 306 00:14:25,865 --> 00:14:30,337 he recycled half of that into his next venture, 307 00:14:30,370 --> 00:14:33,773 and which eventually ended up becoming PayPal. 308 00:14:33,806 --> 00:14:35,442 [suspenseful music] 309 00:14:35,475 --> 00:14:36,843 [Narrator] Having disrupted 310 00:14:36,876 --> 00:14:40,447 the traditional paper advertising industry with Zip2, 311 00:14:40,480 --> 00:14:45,218 Musk's next venture took on the global financial market. 312 00:14:45,252 --> 00:14:46,786 So, he worked to setup a company 313 00:14:46,819 --> 00:14:48,055 called X.com, 314 00:14:48,088 --> 00:14:50,723 which is the precursor to what is now PayPal. 315 00:14:50,757 --> 00:14:52,125 X.com was supposed to be 316 00:14:52,159 --> 00:14:55,562 a full services financial services business. 317 00:14:55,595 --> 00:14:58,198 So, it sounds sort of archaic now, 318 00:14:58,231 --> 00:14:59,799 but back at the time putting together 319 00:14:59,832 --> 00:15:02,602 a financial services suite on the internet 320 00:15:02,635 --> 00:15:05,105 was a rather revolutionary idea. 321 00:15:05,138 --> 00:15:07,707 He had one internet win under his belt. 322 00:15:07,740 --> 00:15:10,410 So, it was not especially challenging 323 00:15:10,443 --> 00:15:14,081 to bring on new engineers, or new business people 324 00:15:14,114 --> 00:15:15,315 who wanted to work on something 325 00:15:15,348 --> 00:15:16,749 that seemed very exciting 326 00:15:16,783 --> 00:15:19,486 with someone who had already won already once. 327 00:15:19,519 --> 00:15:22,289 So, that was a big feather in his cap. 328 00:15:22,322 --> 00:15:24,124 It was, I think, more challenging 329 00:15:24,157 --> 00:15:29,162 to persuade outside investors that it was a good idea, 330 00:15:30,330 --> 00:15:31,764 'cause they were not swayed by one win. 331 00:15:31,798 --> 00:15:34,901 It was not enough to buy public opinion in Silicon Valley. 332 00:15:34,934 --> 00:15:36,436 The jury was still sort of out 333 00:15:36,469 --> 00:15:40,107 on whether he was genius or crazy or just a big ego, 334 00:15:40,140 --> 00:15:41,908 or how it was all gonna play out, 335 00:15:41,941 --> 00:15:44,411 but he invested $10 or $12 million 336 00:15:44,444 --> 00:15:46,146 of his own money into X.com, 337 00:15:46,179 --> 00:15:48,748 so we didn't need a whole lot of money right off the bat. 338 00:15:48,781 --> 00:15:50,550 He sort of took care of all of that. 339 00:15:52,019 --> 00:15:53,753 [Narrator] Musk was revolutionary 340 00:15:53,786 --> 00:15:56,023 in his strategy at X.com, 341 00:15:56,056 --> 00:15:58,791 gifting new customers cash rewards, 342 00:15:58,825 --> 00:16:01,828 and creating peer-to-peer payment systems. 343 00:16:01,861 --> 00:16:04,431 My initial impressions were just that he was 344 00:16:04,464 --> 00:16:06,666 very focused and very passionate 345 00:16:06,699 --> 00:16:09,436 on what he was about to do. 346 00:16:09,469 --> 00:16:11,638 It seemed very clear early on 347 00:16:11,671 --> 00:16:15,142 that Elon was not playing by the standard book of life, 348 00:16:15,175 --> 00:16:17,277 or business, or anything else. 349 00:16:17,310 --> 00:16:21,214 So, I was just gonna be along for the ride. 350 00:16:22,649 --> 00:16:25,152 At the beginning Elon wasn't easy to read at all, 351 00:16:25,185 --> 00:16:27,387 mostly because you just had no idea 352 00:16:27,420 --> 00:16:29,389 how he was going to react to anything. 353 00:16:29,422 --> 00:16:31,291 I had no experience with someone 354 00:16:31,324 --> 00:16:33,126 who thought the way that he did, 355 00:16:33,160 --> 00:16:34,627 or talked the way that he did, 356 00:16:34,661 --> 00:16:36,963 or had as much confidence about what he was doing, 357 00:16:36,996 --> 00:16:38,498 and in himself as he did. 358 00:16:38,531 --> 00:16:43,470 It was so foreign to me as someone who grew up in Iowa, 359 00:16:43,503 --> 00:16:45,205 or maybe it's foreign to everyone. 360 00:16:45,238 --> 00:16:46,839 I don't know. 361 00:16:46,873 --> 00:16:50,143 [dramatic music] 362 00:16:50,177 --> 00:16:51,478 [Narrator] PayPal was voted 363 00:16:51,511 --> 00:16:55,815 one of the 10 worst business ideas in 1999. 364 00:16:55,848 --> 00:16:57,917 Elon Musk was instrumental 365 00:16:57,950 --> 00:17:01,154 in the company's focus on a global payment system, 366 00:17:01,188 --> 00:17:04,324 which would change the course of the internet. 367 00:17:04,357 --> 00:17:06,025 People probably know him mostly from PayPal. 368 00:17:06,059 --> 00:17:09,162 That's when he really first came to public consciousness. 369 00:17:09,196 --> 00:17:12,165 PayPal was how are we going to turn finances 370 00:17:12,199 --> 00:17:14,701 into an online transaction? 371 00:17:14,734 --> 00:17:15,702 How are we gonna make it easy? 372 00:17:15,735 --> 00:17:16,936 How are we gonna make it more efficient? 373 00:17:16,969 --> 00:17:18,405 It sounds sort of obvious now, 374 00:17:18,438 --> 00:17:21,508 but back then people were still afraid to buy books online, 375 00:17:21,541 --> 00:17:25,044 so asking them to put all their financial data in one place 376 00:17:25,078 --> 00:17:27,347 was not a solid proposition. 377 00:17:27,380 --> 00:17:29,682 The goal of the company that we were building 378 00:17:29,716 --> 00:17:31,951 was always trying to do something 379 00:17:31,984 --> 00:17:33,786 very positive for humanity, 380 00:17:33,820 --> 00:17:37,056 and he was thinking about space, and solar panels, 381 00:17:37,090 --> 00:17:38,558 and all of that way back then. 382 00:17:38,591 --> 00:17:42,028 So, we knew that this was sort of a stepping-stone 383 00:17:42,061 --> 00:17:43,896 on the way to grander dreams. 384 00:17:45,765 --> 00:17:47,033 [Narrator] PayPal soon became 385 00:17:47,066 --> 00:17:49,769 the online payment system of choice, 386 00:17:49,802 --> 00:17:51,571 from a few thousand users, 387 00:17:51,604 --> 00:17:55,007 multiplying to more than a million within months. 388 00:17:56,176 --> 00:17:57,877 The person to person payment side of things 389 00:17:57,910 --> 00:18:01,581 took off so quickly, we were gaining traction like crazy, 390 00:18:01,614 --> 00:18:04,384 and then the online auction market took hold of it, 391 00:18:04,417 --> 00:18:06,986 and it blew up into this huge thing. 392 00:18:07,019 --> 00:18:08,721 We were adding tens of thousands 393 00:18:08,755 --> 00:18:10,056 of new accounts every day, 394 00:18:10,089 --> 00:18:12,925 which at the time was fairly unprecedented. 395 00:18:14,361 --> 00:18:17,264 Elon was very hands-on in all aspects of the company. 396 00:18:17,297 --> 00:18:20,267 It was his money after all that we were all playing with. 397 00:18:20,300 --> 00:18:23,736 So, I think when it's your money on the table, you have, 398 00:18:23,770 --> 00:18:25,071 it's in your best interests 399 00:18:25,104 --> 00:18:27,674 to be very involved in all the details. 400 00:18:27,707 --> 00:18:29,909 [car honks] 401 00:18:29,942 --> 00:18:32,645 Everyday was a new sort of fire, right? 402 00:18:32,679 --> 00:18:34,747 Everyday something was burning down 403 00:18:34,781 --> 00:18:36,316 that needed to be addressed. 404 00:18:36,349 --> 00:18:38,585 We had a customer service nightmare 405 00:18:38,618 --> 00:18:40,287 where soon after launching the service, 406 00:18:40,320 --> 00:18:42,955 we had thousands and thousands of emails in the queue, 407 00:18:42,989 --> 00:18:45,758 because people didn't understand, 408 00:18:45,792 --> 00:18:47,327 again, the early days of the internet, 409 00:18:47,360 --> 00:18:50,163 they didn't understand how to get their money out. 410 00:18:50,197 --> 00:18:52,799 And so, they would freak out, and call in, 411 00:18:52,832 --> 00:18:54,634 or email like 12 different times. 412 00:18:54,667 --> 00:18:56,836 So, we have two million emails in the cue 413 00:18:56,869 --> 00:18:59,105 and we only had 10 customer service people 414 00:18:59,138 --> 00:19:00,940 dedicated to dealing with that. 415 00:19:00,973 --> 00:19:03,343 And so, we really had no idea what we were going to do. 416 00:19:03,376 --> 00:19:06,879 Customer service was enormously expensive in California. 417 00:19:06,913 --> 00:19:09,382 And so, I said you know this is gonna sound crazy, 418 00:19:09,416 --> 00:19:12,285 but I have a huge extended family in the Midwest. 419 00:19:12,319 --> 00:19:15,622 I could train them all to do customer service at home. 420 00:19:15,655 --> 00:19:18,291 Elon laughed at first, and then a couple of hours later 421 00:19:18,325 --> 00:19:20,793 came back and said all right, get on a plane. 422 00:19:20,827 --> 00:19:23,530 So, I went out and taught 10 of my family members 423 00:19:23,563 --> 00:19:25,131 how to do customer service from home, 424 00:19:25,164 --> 00:19:27,400 and then my sister ended up hiring 425 00:19:27,434 --> 00:19:30,970 12 stay at home parents in a small town in Nebraska 426 00:19:31,003 --> 00:19:32,539 who started all working from home. 427 00:19:32,572 --> 00:19:34,541 And they were so good that we ended up building 428 00:19:34,574 --> 00:19:37,009 a customer service center in Omaha, Nebraska, 429 00:19:37,043 --> 00:19:39,812 which now employs 1800 people, 430 00:19:39,846 --> 00:19:41,414 and that turned out fantastic. 431 00:19:41,448 --> 00:19:44,150 We went from zero to a hundred people in six weeks 432 00:19:44,183 --> 00:19:45,652 out in Omaha, 433 00:19:45,685 --> 00:19:49,055 and that was probably the most challenging thing, 434 00:19:49,088 --> 00:19:51,991 but we were a little short of options, so. 435 00:19:52,024 --> 00:19:54,093 [laughs] 436 00:19:54,126 --> 00:19:55,562 [dramatic music] 437 00:19:55,595 --> 00:19:58,197 [Narrator] Led by his passion for perfectionism, 438 00:19:58,231 --> 00:20:01,901 determination, and a heroic work ethic, 439 00:20:01,934 --> 00:20:04,003 Musk has succeeded in markets 440 00:20:04,036 --> 00:20:07,206 that were previously considered impossible to conquer. 441 00:20:09,309 --> 00:20:13,246 [Julie] He's always had higher expectations for himself 442 00:20:13,280 --> 00:20:14,547 than he did for other people, 443 00:20:14,581 --> 00:20:18,685 so he pushed himself very, very hard. 444 00:20:18,718 --> 00:20:20,052 There's a lot of pressure on him 445 00:20:20,086 --> 00:20:21,854 because he has a lot of expectations, 446 00:20:21,888 --> 00:20:23,556 a lot of responsibility 447 00:20:23,590 --> 00:20:27,427 to his shareholders, to the capital that has sourced, 448 00:20:27,460 --> 00:20:29,762 to his staff, his colleagues, 449 00:20:29,796 --> 00:20:31,364 so there's a lot of demands. 450 00:20:31,398 --> 00:20:33,700 So, you can't just say you know what? 451 00:20:33,733 --> 00:20:34,934 This is all good and great. 452 00:20:34,967 --> 00:20:36,869 I'm just gonna take six months off. 453 00:20:36,903 --> 00:20:39,272 Why, because I've got 20 billion, so it's okay. 454 00:20:40,172 --> 00:20:41,608 No, it doesn't work like that. 455 00:20:43,009 --> 00:20:44,311 As the stakes get higher, 456 00:20:44,344 --> 00:20:45,945 and the more people that get involved 457 00:20:45,978 --> 00:20:47,914 there's more pressure on that front, 458 00:20:47,947 --> 00:20:52,452 but I think he looks at it, and turns away. 459 00:20:53,920 --> 00:20:57,457 What drives Elon, what pushes him, I don't get it, 460 00:20:57,490 --> 00:20:59,992 but he's making changes in the world, 461 00:21:00,026 --> 00:21:02,595 because he doesn't ever stop and rest. 462 00:21:02,629 --> 00:21:05,231 He just keeps going. 463 00:21:05,264 --> 00:21:09,235 Elon Musk is famous for his work ethic, which is nonstop. 464 00:21:09,268 --> 00:21:12,739 I think he has two modes, and there's stop and go. 465 00:21:12,772 --> 00:21:14,341 He works around the clock 466 00:21:14,374 --> 00:21:16,142 and he expects everyone else to do the same. 467 00:21:16,175 --> 00:21:19,412 Elon was up all hours of the night working. 468 00:21:19,446 --> 00:21:22,582 He would send emails at midnight or 1:00 or 2:00 a.m. 469 00:21:22,615 --> 00:21:24,651 and just be very focused on some problem 470 00:21:24,684 --> 00:21:26,152 that we were trying to solve. 471 00:21:26,185 --> 00:21:28,287 If you hear stories from SpaceX in the early days, 472 00:21:28,321 --> 00:21:30,523 people were really struggling to keep pace with him, 473 00:21:30,557 --> 00:21:31,991 but that's how he works, 474 00:21:32,024 --> 00:21:34,126 and if you can't keep pace, you're out the door. 475 00:21:35,962 --> 00:21:37,163 I thought he was a good boss. 476 00:21:37,196 --> 00:21:38,831 It's sort of infamous now 477 00:21:38,865 --> 00:21:41,501 that he runs through PR people very quickly, 478 00:21:41,534 --> 00:21:44,771 but at that time, I thought I was just gonna be like, 479 00:21:44,804 --> 00:21:46,272 a normal PR person. [laughs] 480 00:21:46,305 --> 00:21:50,109 And so, Elon wasn't really gonna have any of that. 481 00:21:50,142 --> 00:21:52,144 He expected a lot of his people, 482 00:21:52,178 --> 00:21:54,313 but we all expected a lot of each other, 483 00:21:54,347 --> 00:21:55,982 and that's how you get it done. 484 00:21:56,983 --> 00:22:00,787 In the culture of startups the expectation is 485 00:22:00,820 --> 00:22:02,789 that everybody is working all the time. 486 00:22:02,822 --> 00:22:04,791 You get there at 9:00 or 10:00 in the morning 487 00:22:04,824 --> 00:22:06,793 and not leave until 9:00 or 10:00 488 00:22:06,826 --> 00:22:08,495 or maybe after that at night. 489 00:22:08,528 --> 00:22:11,864 And Elon was definitely working until midnight every night. 490 00:22:11,898 --> 00:22:15,034 That was just what we did, and it was exciting. 491 00:22:15,067 --> 00:22:17,637 Rarely did anyone complain about that kind of thing, 492 00:22:17,670 --> 00:22:20,640 'cause you really felt like you were changing the world. 493 00:22:20,673 --> 00:22:23,443 [dramatic music] 494 00:22:24,711 --> 00:22:26,212 [Narrator] By the year 2000, 495 00:22:26,245 --> 00:22:29,081 Musk had married Justine Wilson. 496 00:22:29,115 --> 00:22:31,651 He was always pining for Justine, 497 00:22:31,684 --> 00:22:33,753 and he was still in Canada at that point. 498 00:22:33,786 --> 00:22:36,155 And so, it was lovely when she came down. 499 00:22:36,188 --> 00:22:39,492 The couple did suffer a tragedy very early on. 500 00:22:39,526 --> 00:22:42,662 Their baby boy was 10 weeks old, Nevada, 501 00:22:42,695 --> 00:22:45,164 when he died suddenly of SIDS. 502 00:22:45,197 --> 00:22:48,501 It was beyond difficult for both of them to cope with. 503 00:22:48,535 --> 00:22:51,671 Justine immediately sought IVF, and fertility help, 504 00:22:51,704 --> 00:22:55,207 and went on to have five boys, 505 00:22:55,241 --> 00:22:58,778 one set of triplets and one set of twin boys. 506 00:22:58,811 --> 00:23:01,280 So, very quickly they went from 507 00:23:01,313 --> 00:23:03,249 having no children to having five. 508 00:23:03,282 --> 00:23:05,418 Justine has written extensively about 509 00:23:05,452 --> 00:23:07,754 how it caused a strain in the marriage, 510 00:23:07,787 --> 00:23:09,422 as it might do, as it would do, 511 00:23:09,456 --> 00:23:13,860 but this tragic event of losing their infant son 512 00:23:13,893 --> 00:23:16,696 unfortunately didn't draw the couple closer, 513 00:23:16,729 --> 00:23:18,531 but rather was the beginning, perhaps, 514 00:23:18,565 --> 00:23:20,900 of what ultimately would pull them apart. 515 00:23:23,402 --> 00:23:25,037 [Narrator] As PayPal flourished, 516 00:23:25,071 --> 00:23:27,106 boardroom troubles dogged Musk. 517 00:23:28,274 --> 00:23:30,409 An internal disagreement with the Board 518 00:23:30,443 --> 00:23:34,614 resulted in Elon being ousted from his own company. 519 00:23:34,647 --> 00:23:35,982 There was a time when Peter Theil 520 00:23:36,015 --> 00:23:39,151 and Elon were co-CEOs at PayPal, 521 00:23:39,185 --> 00:23:41,721 but there were certain differences in opinion 522 00:23:41,754 --> 00:23:44,323 about the technology and the branding of the company 523 00:23:44,356 --> 00:23:48,227 that led to the vote of no confidence to oust Elon. 524 00:23:48,260 --> 00:23:52,899 And Elon unfortunately, was in South Africa. 525 00:23:52,932 --> 00:23:55,568 I had just spoken with him on the phone that day, 526 00:23:55,602 --> 00:23:56,903 and he's like how bad is it? 527 00:23:56,936 --> 00:23:58,538 I'm like oh, it's not that bad. 528 00:23:59,972 --> 00:24:02,174 And then that night I went home, and I was laying in bed, 529 00:24:02,208 --> 00:24:04,176 and I started realizing and started putting together 530 00:24:04,210 --> 00:24:07,413 all the pieces of who I had seen in the office, 531 00:24:07,446 --> 00:24:08,915 and what was happening, 532 00:24:08,948 --> 00:24:11,751 and at about 10:30 at night I sat straight up in bed, 533 00:24:11,784 --> 00:24:14,821 and I'm sure I said some swear word at the ceiling. 534 00:24:14,854 --> 00:24:16,523 I got up, and I went back in the office, 535 00:24:16,556 --> 00:24:18,525 and sure enough everybody was there, 536 00:24:18,558 --> 00:24:20,627 and that was when they were doing it. 537 00:24:20,660 --> 00:24:22,529 They were talking to the Board on the phone, 538 00:24:22,562 --> 00:24:24,797 and ousting him, and I tried to call to Elon, 539 00:24:24,831 --> 00:24:26,966 and he was on a plane, and I couldn't get him. 540 00:24:26,999 --> 00:24:28,835 I couldn't get him until the morning, 541 00:24:28,868 --> 00:24:31,303 and by then it was too late, it was already done. 542 00:24:32,739 --> 00:24:36,008 I'm sure there was quite a bit of unhappiness early on, 543 00:24:36,042 --> 00:24:38,477 but he really handled it marvelously. 544 00:24:39,812 --> 00:24:42,815 [suspenseful music] 545 00:24:47,486 --> 00:24:49,355 [Narrator] Musk left PayPal, 546 00:24:49,388 --> 00:24:51,290 but as the largest shareholder, 547 00:24:51,323 --> 00:24:54,160 remained in an advisory role. 548 00:24:54,193 --> 00:24:57,396 His next windfall arrived next 2002, 549 00:24:57,429 --> 00:24:59,799 when eBay bought PayPal, 550 00:24:59,832 --> 00:25:02,602 leaving him wealthy beyond belief. 551 00:25:03,603 --> 00:25:05,504 That was where Elon 552 00:25:05,538 --> 00:25:07,907 started to make some serious money. 553 00:25:07,940 --> 00:25:11,844 He cashed in about $165 million wonderful. 554 00:25:11,878 --> 00:25:13,245 What was amazing is he plowed almost all of it 555 00:25:13,279 --> 00:25:15,648 into these new business ventures. 556 00:25:15,682 --> 00:25:17,149 He didn't put any aside for himself, 557 00:25:17,183 --> 00:25:20,219 didn't think of sort of personal gain, 558 00:25:20,252 --> 00:25:21,821 in short term at least. 559 00:25:21,854 --> 00:25:23,590 A lot of us would've just retired. 560 00:25:23,623 --> 00:25:26,392 He made the money in PayPal, he could've just stopped, 561 00:25:26,425 --> 00:25:28,695 and you know, bought a place in the south of France, 562 00:25:28,728 --> 00:25:31,764 and said I'm retiring, I'm 28, and be done, 563 00:25:31,798 --> 00:25:32,999 but he ended up starting 564 00:25:33,032 --> 00:25:35,902 three other billion dollar companies. 565 00:25:35,935 --> 00:25:38,705 [dramatic music] 566 00:25:40,139 --> 00:25:42,341 - He took $100 million and put it into SpaceX, 567 00:25:42,374 --> 00:25:44,543 $70 million ended up going to Tesla, 568 00:25:44,577 --> 00:25:47,046 and about $10 million going to SolarCity. 569 00:25:47,079 --> 00:25:49,081 Most people would say $165 million, 570 00:25:49,115 --> 00:25:50,349 I'm set for life. 571 00:25:50,382 --> 00:25:51,884 That's it, where's the beach? 572 00:25:51,918 --> 00:25:53,219 Let's go. 573 00:25:53,252 --> 00:25:55,722 Not Elon, and I have a lot of respect for that. 574 00:25:56,789 --> 00:25:58,224 [Emcee] Ladies and gentleman, 575 00:25:58,257 --> 00:25:59,892 -please welcome Elon Musk. -[audience applauding] 576 00:25:59,926 --> 00:26:01,393 [Narrator] In 2001, 577 00:26:01,427 --> 00:26:03,963 Elon established the Musk Foundation, 578 00:26:03,996 --> 00:26:06,966 delivering solar energy systems to areas of the world 579 00:26:06,999 --> 00:26:09,602 struck by natural disasters. 580 00:26:09,636 --> 00:26:11,237 He also pledged to give away 581 00:26:11,270 --> 00:26:14,807 at least half of his wealth to philanthropy. 582 00:26:14,841 --> 00:26:16,542 A lot of people think 583 00:26:16,575 --> 00:26:18,811 that entrepreneurs are driven by money, 584 00:26:18,845 --> 00:26:20,613 and that's why they're serial entrepreneurs. 585 00:26:20,647 --> 00:26:22,314 They wanna make more and more. 586 00:26:22,348 --> 00:26:24,150 Really after you make $50 million, 587 00:26:24,183 --> 00:26:25,551 you need to make more money? 588 00:26:25,584 --> 00:26:28,220 Not really, that's not a good driver. 589 00:26:28,254 --> 00:26:30,422 They are not driven by money at all. 590 00:26:31,423 --> 00:26:33,125 He's aware of it no doubt. 591 00:26:33,159 --> 00:26:34,994 If you've got $20 billion floating around, 592 00:26:35,027 --> 00:26:36,328 I'm sure you would've noticed, 593 00:26:36,362 --> 00:26:38,564 but I don't think that's the main driver for him. 594 00:26:38,597 --> 00:26:39,598 I really don't. 595 00:26:39,632 --> 00:26:41,400 I think he's got a bigger vision, 596 00:26:41,433 --> 00:26:44,570 beyond this little thing called money, 597 00:26:44,603 --> 00:26:48,140 but money helps him execute the dream, 598 00:26:48,174 --> 00:26:50,276 so it is a necessary thing. 599 00:26:51,644 --> 00:26:54,413 It's certainly not the pursuit of money at this point. 600 00:26:54,446 --> 00:26:56,415 I think he realized we're here, 601 00:26:56,448 --> 00:26:58,484 and it's more interesting to spend time 602 00:26:58,517 --> 00:27:02,121 doing something that you find meaningful in your heart, 603 00:27:02,154 --> 00:27:03,489 and that's what he's doing. 604 00:27:03,522 --> 00:27:04,991 It's almost like a drug. 605 00:27:05,024 --> 00:27:06,659 When you've done one successful thing, 606 00:27:06,693 --> 00:27:08,160 you wanna the other one, 607 00:27:08,194 --> 00:27:10,096 you wanna come up with a new vision and keep learning. 608 00:27:10,129 --> 00:27:12,198 It's just a way of being. 609 00:27:12,231 --> 00:27:13,800 He would be bored on the beach. 610 00:27:15,167 --> 00:27:18,104 [Julie] It has to be a very big world changing goal 611 00:27:18,137 --> 00:27:19,371 for him to get up in the morning. 612 00:27:19,405 --> 00:27:21,373 That's just the way he's wired. 613 00:27:21,407 --> 00:27:23,943 So, I don't expect that to stop. 614 00:27:23,976 --> 00:27:25,344 I think it actually is gonna make 615 00:27:25,377 --> 00:27:26,612 a difference to the world 616 00:27:26,645 --> 00:27:28,681 if we transition to sustainable transport 617 00:27:28,715 --> 00:27:29,982 sooner rather than later. 618 00:27:31,583 --> 00:27:34,220 We're not doing this because we thought it was like 619 00:27:34,253 --> 00:27:36,488 a way to get rich or anything. 620 00:27:36,522 --> 00:27:37,957 Like I said, I thought maybe 621 00:27:37,990 --> 00:27:40,659 a 10 percent chance of success at the beginning. 622 00:27:40,693 --> 00:27:43,529 I thought I would just lose all my money, and I almost did. 623 00:27:43,562 --> 00:27:44,831 So, it's not like it was, 624 00:27:45,998 --> 00:27:47,967 I came very close to losing everything. 625 00:27:48,000 --> 00:27:50,536 [suspenseful music] 626 00:27:50,569 --> 00:27:53,472 [Operations] Falcon 9 has cleared the tower. 627 00:27:53,505 --> 00:27:55,641 [Narrator] Having conquered cyber space, 628 00:27:55,674 --> 00:27:59,979 Musk's next mission would focus on outer space. 629 00:28:00,012 --> 00:28:03,716 In 2002, he launched one of the most revolutionary 630 00:28:03,750 --> 00:28:05,317 businesses of our time, 631 00:28:05,351 --> 00:28:08,254 focused on shaking up the space industry. 632 00:28:10,723 --> 00:28:13,192 The pivotal breakthrough that's necessary 633 00:28:13,225 --> 00:28:14,994 to make life multi-planetary is 634 00:28:15,027 --> 00:28:18,330 a fully and rapidly reusable orbit-class rocket. 635 00:28:18,364 --> 00:28:19,999 This is a very difficult thing to do, 636 00:28:20,032 --> 00:28:21,367 because we live in a planet, 637 00:28:21,400 --> 00:28:24,403 where that is just barely possible. 638 00:28:24,436 --> 00:28:25,838 In the last 12 months or so, 639 00:28:25,872 --> 00:28:28,674 I've come to the conclusion that it can be solved, 640 00:28:28,707 --> 00:28:32,211 and I think SpaceX is going to try to do it. 641 00:28:32,244 --> 00:28:33,445 We could fail. 642 00:28:33,479 --> 00:28:36,115 I'm not saying we are certain of success here, 643 00:28:36,148 --> 00:28:37,850 but we are going to try to do it. 644 00:28:37,884 --> 00:28:39,852 He had already been talking about energy 645 00:28:39,886 --> 00:28:41,854 and transportation and space. 646 00:28:41,888 --> 00:28:43,422 I was like why space? 647 00:28:43,455 --> 00:28:45,291 He's like space is cool. 648 00:28:45,324 --> 00:28:47,126 Alright. [laughs] 649 00:28:47,159 --> 00:28:49,028 No one thought he could do what he's done 650 00:28:49,061 --> 00:28:50,963 when he first set out to achieve his goals. 651 00:28:50,997 --> 00:28:53,565 I mean this random South African 652 00:28:53,599 --> 00:28:54,801 coming along in the 2000s 653 00:28:54,834 --> 00:28:56,068 and saying he wants to build a rocket 654 00:28:56,102 --> 00:28:58,637 that can land itself back on the ground, 655 00:28:58,670 --> 00:29:00,139 can take things to orbit 656 00:29:00,172 --> 00:29:02,241 for 10 times cheaper than anyone else. 657 00:29:02,274 --> 00:29:04,210 He was laughed out the room in most places. 658 00:29:04,243 --> 00:29:05,711 They kind of ignored him at first 659 00:29:05,744 --> 00:29:07,413 and then he kind of put his money 660 00:29:07,446 --> 00:29:09,215 where his mouth was literally. 661 00:29:09,248 --> 00:29:10,883 He famously went to Russia once 662 00:29:10,917 --> 00:29:12,618 to try and buy some rocket engines off them, 663 00:29:12,651 --> 00:29:14,887 and he got laughed out of the country basically 664 00:29:14,921 --> 00:29:16,388 by their engineers, 665 00:29:16,422 --> 00:29:19,391 so he came back to the US and he built his own rocket. 666 00:29:19,425 --> 00:29:22,929 We were still used to NASA, space equals NASA, 667 00:29:22,962 --> 00:29:25,597 but when Elon Musk started to experiment 668 00:29:25,631 --> 00:29:26,899 with these new rockets, 669 00:29:26,933 --> 00:29:28,835 we realized that Elon Musk and SpaceX 670 00:29:28,868 --> 00:29:31,938 is a serious space player. 671 00:29:31,971 --> 00:29:33,339 [Astronaut] Everything looking good 672 00:29:33,372 --> 00:29:36,542 for the beginning of today's space walking tasks. 673 00:29:37,977 --> 00:29:41,147 [Narrator] The first three SpaceX launches failed, 674 00:29:41,180 --> 00:29:44,917 which sparked skepticism in many investors. 675 00:29:44,951 --> 00:29:47,153 [Mission Control] The vehicle on course on track. 676 00:29:53,860 --> 00:29:58,197 And, we appear to have had a launch vehicle failure. 677 00:30:00,299 --> 00:30:02,101 Space flight is a tricky business. 678 00:30:02,134 --> 00:30:04,503 I mean, it is definitely difficult, 679 00:30:04,536 --> 00:30:06,772 and I think we forget that sometimes. 680 00:30:06,805 --> 00:30:10,442 We see launches and landings as routine. 681 00:30:10,476 --> 00:30:15,147 It's a huge amount of energy and dangerous substances, 682 00:30:15,181 --> 00:30:17,283 and that work is very hard. 683 00:30:17,316 --> 00:30:19,218 Look where we are today. 684 00:30:19,251 --> 00:30:21,320 The critics have been silenced. 685 00:30:22,488 --> 00:30:25,457 [dramatic music] 686 00:30:25,491 --> 00:30:28,627 [Narrator] Just one year after founding SpaceX, 687 00:30:28,660 --> 00:30:31,330 Musk invested in Tesla Motors, 688 00:30:31,363 --> 00:30:33,299 an electric car manufacturer 689 00:30:33,332 --> 00:30:37,336 aiming to produce a power-packed zero polluting car. 690 00:30:38,737 --> 00:30:40,639 Over the next several years, 691 00:30:40,672 --> 00:30:43,842 Tesla would take the lead in a niche market. 692 00:30:44,944 --> 00:30:47,046 Our goal was to really to try to create 693 00:30:47,079 --> 00:30:50,149 the best car in the world in order to show that 694 00:30:50,182 --> 00:30:52,784 an electric car can be the best car in the world. 695 00:30:54,153 --> 00:30:55,321 Because a lot of people 696 00:30:55,354 --> 00:30:58,690 have this perception that electric cars are compromised, 697 00:30:58,724 --> 00:31:00,492 that there are issues with electric cars, 698 00:31:00,526 --> 00:31:01,994 and then if you buy electric, 699 00:31:02,028 --> 00:31:03,829 it's because you have some sort of electric fetish. 700 00:31:03,862 --> 00:31:05,231 What I think is incredibly important 701 00:31:05,264 --> 00:31:07,366 is to break that perception and show that indeed 702 00:31:07,399 --> 00:31:11,837 the electric car can be better than any gasoline car. 703 00:31:11,870 --> 00:31:13,439 Cars were always a big deal. 704 00:31:13,472 --> 00:31:16,175 He had the F1 McLaren show up 705 00:31:16,208 --> 00:31:19,078 very early on in the X.com days, 706 00:31:19,111 --> 00:31:21,613 and there was a Jaguar very soon after that, 707 00:31:21,647 --> 00:31:23,349 and he liked them all very much, 708 00:31:23,382 --> 00:31:25,717 anything that was rare, expensive, and cool. 709 00:31:30,889 --> 00:31:32,224 If you look at the revolution 710 00:31:32,258 --> 00:31:34,860 that's almost upon us in electric cars, 711 00:31:34,893 --> 00:31:36,728 Tesla was there first. 712 00:31:39,098 --> 00:31:40,432 -There's been various attempts 713 00:31:40,466 --> 00:31:43,102 to bring in electric cars, which have failed, 714 00:31:43,135 --> 00:31:47,406 because big car giants didn't want them to succeed. 715 00:31:48,740 --> 00:31:50,542 Elon knew nothing about electric cars 716 00:31:50,576 --> 00:31:52,044 when he started out, 717 00:31:52,078 --> 00:31:53,245 but recognized that there was a problem there 718 00:31:53,279 --> 00:31:54,546 that needed to be solved, 719 00:31:54,580 --> 00:31:56,615 and he just bulldozed his way through it. 720 00:31:58,917 --> 00:32:00,752 I'm really excited by the fact that we've got 721 00:32:00,786 --> 00:32:04,323 a zero emission sports car that can go head-to-head 722 00:32:04,356 --> 00:32:06,192 with a Ferrari and a Porsche and win. 723 00:32:07,126 --> 00:32:09,728 This is what's truly disruptive, 724 00:32:09,761 --> 00:32:12,431 a tech guy coming into the car space. 725 00:32:12,464 --> 00:32:14,633 Elon doesn't look at it as a car. 726 00:32:14,666 --> 00:32:15,901 It's a piece of software 727 00:32:15,934 --> 00:32:18,070 with a little bit of hardware attached to it. 728 00:32:18,104 --> 00:32:20,139 The driving experience in a Tesla, 729 00:32:20,172 --> 00:32:22,408 everybody is raving about it. 730 00:32:22,441 --> 00:32:24,510 [Test Driver] It was awesome, it was unbelievable, 731 00:32:24,543 --> 00:32:26,345 the acceleration was out of this world. 732 00:32:26,378 --> 00:32:28,247 It was like a roller coaster. 733 00:32:28,280 --> 00:32:30,782 I felt like I was gonna fly or something. 734 00:32:30,816 --> 00:32:32,951 It's quick, it's silent, 735 00:32:32,985 --> 00:32:35,087 but also with Teslas it's the technology, 736 00:32:35,121 --> 00:32:36,855 the fact that they update themselves. 737 00:32:36,888 --> 00:32:39,525 I had a Tesla for a while and I'll come out in the morning. 738 00:32:39,558 --> 00:32:41,360 Software update as your phone does 739 00:32:41,393 --> 00:32:42,961 and you get stuff on your car 740 00:32:42,995 --> 00:32:45,097 that you didn't have the previous night. 741 00:32:45,131 --> 00:32:49,335 You can actually move your Tesla out of a parking spot 742 00:32:49,368 --> 00:32:50,936 with your smartphone. 743 00:32:50,969 --> 00:32:52,438 So, it's just incredible. 744 00:32:52,471 --> 00:32:55,174 For somebody who's a car fan and a tech fan, 745 00:32:55,207 --> 00:32:57,309 then Tesla do really tick a lot of boxes. 746 00:33:00,212 --> 00:33:01,647 The future is electric. 747 00:33:01,680 --> 00:33:03,949 In the future we won't be filling up for petrol. 748 00:33:03,982 --> 00:33:06,985 Elon has understood that for a decade. 749 00:33:07,019 --> 00:33:08,687 Already you're seeing countries across Europe, 750 00:33:08,720 --> 00:33:10,856 France, the UK, 751 00:33:10,889 --> 00:33:12,724 who are saying they're gonna ban the sale of petrol cars 752 00:33:12,758 --> 00:33:14,326 in the next 10, 20 years, 753 00:33:14,360 --> 00:33:16,328 and that's pretty much thanks to Tesla. 754 00:33:17,096 --> 00:33:19,531 [Elon] In the face of massively declining oil prices 755 00:33:19,565 --> 00:33:20,999 I think it actually becomes more urgent 756 00:33:21,033 --> 00:33:23,902 that the auto manufactures transition to electric 757 00:33:23,935 --> 00:33:25,137 and put a huge amount of effort 758 00:33:25,171 --> 00:33:27,306 behind their electric vehicle programs. 759 00:33:27,339 --> 00:33:30,142 What's amazing is how the rest of the auto industry 760 00:33:30,176 --> 00:33:31,877 is sort of following. 761 00:33:31,910 --> 00:33:34,012 They had this lithium-ion cell technology 762 00:33:34,046 --> 00:33:36,415 that other companies really couldn't match. 763 00:33:36,448 --> 00:33:38,250 -There isn't a car company in the world 764 00:33:38,284 --> 00:33:39,985 who isn't looking at an electric vehicle. 765 00:33:40,018 --> 00:33:41,653 There's probably not a car company in the world 766 00:33:41,687 --> 00:33:43,355 who hasn't taken a Tesla apart 767 00:33:43,389 --> 00:33:45,657 to see what's going on underneath. 768 00:33:45,691 --> 00:33:47,593 At Tesla we've open sourced our patents, 769 00:33:47,626 --> 00:33:49,328 so we're trying to be as helpful as possible 770 00:33:49,361 --> 00:33:51,063 for the advent of electric vehicles 771 00:33:51,097 --> 00:33:53,699 and we've also said that our super charge network, 772 00:33:53,732 --> 00:33:57,236 we're happy to have other car makers use that network. 773 00:33:57,269 --> 00:33:59,238 We're really doing doing everything we can 774 00:33:59,271 --> 00:34:03,075 to accelerate the advent of sustainable cars. 775 00:34:04,976 --> 00:34:07,613 I mean, now we know that GM and Land Rover have said 776 00:34:07,646 --> 00:34:09,715 they're gonna start doing electric cars 777 00:34:09,748 --> 00:34:12,184 in the near future, just electric cars. 778 00:34:12,218 --> 00:34:15,554 There's so many things that Tesla has done first, 779 00:34:15,587 --> 00:34:17,956 which has got every other car maker around the planet 780 00:34:17,989 --> 00:34:19,691 looking, thinking yeah, 781 00:34:19,725 --> 00:34:21,627 we've got to do like that haven't we? 782 00:34:21,660 --> 00:34:24,763 The fundamental problem is the rules today 783 00:34:24,796 --> 00:34:27,233 incent people to create carbon, 784 00:34:27,266 --> 00:34:30,736 and this is madness, and whatever you incent will happen. 785 00:34:30,769 --> 00:34:34,573 We need to send a clear message to the negotiating teams 786 00:34:34,606 --> 00:34:37,143 and to the politicians that this time 787 00:34:37,176 --> 00:34:39,010 there needs to be significant change. 788 00:34:40,412 --> 00:34:41,480 [Narrator] An essential part 789 00:34:41,513 --> 00:34:43,949 of Elon Musk's tale of triumph 790 00:34:43,982 --> 00:34:47,719 is how close he came to complete disaster. 791 00:34:47,753 --> 00:34:52,758 By his own admission, 2008 was the worst year of his life. 792 00:34:54,160 --> 00:34:56,562 His companies were battered by the economic meltdown. 793 00:34:56,595 --> 00:35:00,566 Three failed launches left SpaceX hanging in the balance, 794 00:35:00,599 --> 00:35:03,302 and Tesla was on the verge of bankruptcy. 795 00:35:04,370 --> 00:35:07,139 Elon was widely assumed to be finished. 796 00:35:09,475 --> 00:35:11,443 He certainly has his ups and downs, 797 00:35:11,477 --> 00:35:15,647 and believe me it has been lots and lots of ups and downs. 798 00:35:15,681 --> 00:35:18,083 He seems to have the media on his back 799 00:35:18,116 --> 00:35:19,285 almost permanently, 800 00:35:19,318 --> 00:35:21,520 but that seems to be the price of his success. 801 00:35:21,553 --> 00:35:24,089 In the early years, it really came down to a knife edge, 802 00:35:24,122 --> 00:35:27,092 as to whether or not SpaceX was going to make it 803 00:35:27,125 --> 00:35:30,028 whether or not it was going to go bankrupt. 804 00:35:30,061 --> 00:35:32,431 He was having to allocate resources and money 805 00:35:32,464 --> 00:35:35,934 between Tesla and SpaceX in order to keep them going, 806 00:35:35,967 --> 00:35:38,036 and it came down to having to borrow money 807 00:35:38,069 --> 00:35:39,305 from friends and family, 808 00:35:39,338 --> 00:35:41,006 and bear in mind this is a man who made millions 809 00:35:41,039 --> 00:35:43,442 off a software sale earlier. 810 00:35:43,475 --> 00:35:45,477 Elon Musk he has had plenty of failures, 811 00:35:45,511 --> 00:35:47,179 failed rocket launches, 812 00:35:47,213 --> 00:35:49,781 and you have to go through this learning curve. 813 00:35:49,815 --> 00:35:51,383 [Julie] With the early rockets and all of that 814 00:35:51,417 --> 00:35:52,718 he didn't seem to understand that 815 00:35:52,751 --> 00:35:54,786 the chances were they were going to blow up, 816 00:35:54,820 --> 00:35:56,955 but sometimes through your greatest failure, 817 00:35:56,988 --> 00:35:58,824 you make your greatest steps forward. 818 00:35:59,991 --> 00:36:00,892 He just keeps going, 819 00:36:00,926 --> 00:36:02,628 he keeps pushing the boat out. 820 00:36:02,661 --> 00:36:05,163 It is just an insatiable appetite 821 00:36:05,197 --> 00:36:07,065 to just keep going whatever happens. 822 00:36:07,098 --> 00:36:08,834 Yes is yes, 823 00:36:09,768 --> 00:36:11,169 maybe is yes, 824 00:36:11,203 --> 00:36:13,905 and a no is just a delayed yes. 825 00:36:13,939 --> 00:36:15,674 There were a million places along the way 826 00:36:15,707 --> 00:36:17,709 where he could have stopped or been derailed 827 00:36:17,743 --> 00:36:20,246 or decided to go buy that island and just sit on it, 828 00:36:20,279 --> 00:36:21,213 but he didn't. 829 00:36:22,514 --> 00:36:24,816 They're risk takers, they love it. 830 00:36:24,850 --> 00:36:26,985 They live to be on the knife edge. 831 00:36:27,018 --> 00:36:29,154 Failure is expected. 832 00:36:29,187 --> 00:36:31,390 Entrepreneurs don't expect necessarily 833 00:36:31,423 --> 00:36:32,891 to succeed all the time, 834 00:36:32,924 --> 00:36:35,594 which is a characteristic that makes them successful, 835 00:36:35,627 --> 00:36:37,229 because when they do fail, 836 00:36:37,263 --> 00:36:41,032 and all entrepreneurs do because they take risks, 837 00:36:41,066 --> 00:36:42,501 they just brush it off. 838 00:36:42,534 --> 00:36:45,837 They have this phenomenal bounce back factor. 839 00:36:45,871 --> 00:36:50,175 Unlike other people who get absorbed by the failure, 840 00:36:50,208 --> 00:36:51,577 and get stymied, 841 00:36:51,610 --> 00:36:54,012 and they can't do anything else for a while, 842 00:36:54,045 --> 00:36:56,047 he can cope with failure. 843 00:36:56,081 --> 00:36:58,016 And to be able to bounce back, 844 00:36:58,049 --> 00:37:01,353 and then go into another venture without blinking an eye 845 00:37:01,387 --> 00:37:03,188 is what it's all about. 846 00:37:03,221 --> 00:37:06,692 [dramatic music] 847 00:37:06,725 --> 00:37:09,227 [Narrator] With his companies on the brink of collapse, 848 00:37:09,261 --> 00:37:12,398 doom was averted at the last minute. 849 00:37:12,431 --> 00:37:15,401 Tesla was saved by investors 850 00:37:15,434 --> 00:37:20,439 and SpaceX was awarded a $1.6 billion NASA contract. 851 00:37:23,909 --> 00:37:25,944 The SpaceX team is incredible. 852 00:37:25,977 --> 00:37:27,779 They are really pushing the boundaries 853 00:37:27,813 --> 00:37:31,383 in terms of where we're going forward with exploration. 854 00:37:31,417 --> 00:37:35,153 I think humans are naturally driven to do this, 855 00:37:35,186 --> 00:37:38,156 and this is really the beginning I think 856 00:37:38,189 --> 00:37:40,225 of human beings leaving low Earth orbit. 857 00:37:40,258 --> 00:37:42,794 I certainly plan on being around to see that. 858 00:37:43,995 --> 00:37:46,565 In 2010, Elon launched his Dragon spacecraft 859 00:37:46,598 --> 00:37:48,266 to the International Space Station. 860 00:37:48,300 --> 00:37:49,735 SpaceX became the first company 861 00:37:49,768 --> 00:37:52,237 to dock a private spacecraft with the ISS, 862 00:37:52,270 --> 00:37:54,306 which was at the time amazing. 863 00:37:56,508 --> 00:37:57,909 [Josh] This is Mission Control, Houston, 864 00:37:57,943 --> 00:37:59,445 official hatch opening time 865 00:37:59,478 --> 00:38:01,747 for the SpaceX Dragon Spacecraft. 866 00:38:01,780 --> 00:38:05,484 Every bit of adrenaline in my body released at that point. 867 00:38:05,517 --> 00:38:07,319 It's such an extremely intense moment. 868 00:38:07,353 --> 00:38:08,587 Anything could have gone wrong, 869 00:38:08,620 --> 00:38:10,922 and everything went right fortunately, 870 00:38:10,956 --> 00:38:14,760 so I felt, I feel very lucky. 871 00:38:14,793 --> 00:38:16,795 [Josh] Don Pettit giving the thumbs up there, 872 00:38:16,828 --> 00:38:18,964 as well as the rest of the crew. 873 00:38:18,997 --> 00:38:21,333 Elon Musk is developing a track record 874 00:38:22,468 --> 00:38:25,671 of delivering on what he says he will. 875 00:38:25,704 --> 00:38:29,140 So, he already has developed reusable rockets. 876 00:38:29,174 --> 00:38:31,309 He is supplying the space station. 877 00:38:31,343 --> 00:38:33,879 The next stage will be to have versions 878 00:38:33,912 --> 00:38:36,715 of his Dragon Spacecraft that are human rated. 879 00:38:36,748 --> 00:38:39,150 So, he's actually delivering on his promise. 880 00:38:40,185 --> 00:38:42,988 [dramatic music] 881 00:38:45,591 --> 00:38:47,626 [Narrator] After his marriage to Justine 882 00:38:47,659 --> 00:38:49,828 had unraveled into divorce, 883 00:38:49,861 --> 00:38:52,998 Musk began dating British actress Talulah Riley. 884 00:38:55,200 --> 00:38:59,037 According to Justine, her divorce was finalized 885 00:38:59,070 --> 00:39:01,373 and six weeks later she found out 886 00:39:01,407 --> 00:39:03,375 Elon was married to someone else. 887 00:39:03,409 --> 00:39:05,677 It was an extremely quick courting. 888 00:39:05,711 --> 00:39:09,047 He met her, courted her, and then asked her to marry. 889 00:39:09,080 --> 00:39:11,517 They went on to have a very wonderful, 890 00:39:11,550 --> 00:39:13,985 but also very tempestuous relationship. 891 00:39:14,019 --> 00:39:17,322 They married, they divorced, they remarried, 892 00:39:17,355 --> 00:39:19,658 they announced a divorce and they called off their divorce, 893 00:39:19,691 --> 00:39:21,192 and then put the divorce back on. 894 00:39:21,226 --> 00:39:23,328 It's very difficult to keep track 895 00:39:23,361 --> 00:39:26,665 of Elon and Talulah's ups and downs. 896 00:39:26,698 --> 00:39:29,167 They ended in a very amicable fashion 897 00:39:29,200 --> 00:39:32,538 and even now Talulah says never, never say never. 898 00:39:32,571 --> 00:39:34,773 They could still end up back together again. 899 00:39:38,877 --> 00:39:41,680 [upbeat music] 900 00:39:41,713 --> 00:39:43,915 [Narrator] Over the next several years, 901 00:39:43,949 --> 00:39:47,919 Tesla would take the lead in the electric car market. 902 00:39:47,953 --> 00:39:51,389 Under Elon's leadership, the company is heralded 903 00:39:51,423 --> 00:39:53,792 as the great American auto industry 904 00:39:53,825 --> 00:39:56,327 success story of the century. 905 00:39:58,229 --> 00:40:00,131 This is kind of crazy but I just learned, 906 00:40:00,165 --> 00:40:02,200 I was just told that, 907 00:40:02,233 --> 00:40:05,036 the total number of orders for the Model 3 908 00:40:05,070 --> 00:40:08,540 in the past 24 hours has now passed 150,000. 909 00:40:08,574 --> 00:40:10,075 [cheering] 910 00:40:10,108 --> 00:40:12,711 His concerns about climate change and sustainability 911 00:40:12,744 --> 00:40:16,381 is what's behind all of this push towards an electric car, 912 00:40:16,414 --> 00:40:18,283 not just a fancy Tesla, 913 00:40:18,316 --> 00:40:22,320 but also a mid-range car that for $35,000 or less 914 00:40:22,353 --> 00:40:24,089 that everybody can drive. 915 00:40:24,122 --> 00:40:26,057 When the Model 3 was launched, 916 00:40:26,091 --> 00:40:27,292 there were something like 917 00:40:27,325 --> 00:40:29,294 400,000 people who put money down. 918 00:40:29,327 --> 00:40:31,096 That's unheard of in the car industry. 919 00:40:31,129 --> 00:40:32,598 You might have some waiting list, 920 00:40:32,631 --> 00:40:36,768 but to wait that long for a relatively affordable car 921 00:40:36,802 --> 00:40:38,169 is something we haven't seen before. 922 00:40:38,203 --> 00:40:40,005 You can see the line has been building up 923 00:40:40,038 --> 00:40:41,473 ever since we got here, 924 00:40:41,507 --> 00:40:44,242 so, it's like a never ending line and some tourists 925 00:40:44,275 --> 00:40:46,978 actually came up to me and asked what this was. 926 00:40:47,012 --> 00:40:49,615 And then I said it was Tesla and they knew about it. 927 00:40:50,782 --> 00:40:53,318 Tesla famously doesn't advertise. 928 00:40:53,351 --> 00:40:54,586 I don't think it needs to. 929 00:40:54,620 --> 00:40:56,522 There's such a buzz about the brand. 930 00:40:57,823 --> 00:40:59,625 Things were on track to be able to 931 00:41:00,792 --> 00:41:02,928 meet the Model 3 production timing 932 00:41:02,961 --> 00:41:04,763 in the middle of next year, 933 00:41:04,796 --> 00:41:08,466 and really excited about what's happening. 934 00:41:10,502 --> 00:41:12,103 Tesla's value is something 935 00:41:12,137 --> 00:41:14,606 that has a lot of people scratching their heads, 936 00:41:14,640 --> 00:41:16,608 the fact that it's a company that's not making money, 937 00:41:16,642 --> 00:41:19,177 but yet it has a, a huge value. 938 00:41:20,345 --> 00:41:23,782 If you look at the revenues to market cap 939 00:41:23,815 --> 00:41:27,953 of the car maker Honda and the value to revenue on Tesla, 940 00:41:27,986 --> 00:41:30,556 Honda would be trading at about 0.5 times. 941 00:41:30,589 --> 00:41:33,959 Tesla would be trading about 7.4 times today. 942 00:41:33,992 --> 00:41:36,995 So, Tesla is obviously valued a lot more 943 00:41:38,096 --> 00:41:40,666 given the little revenue that it produces. 944 00:41:40,699 --> 00:41:41,900 Why? 945 00:41:41,933 --> 00:41:44,235 Because there's a lot of goodwill in the stock, 946 00:41:44,269 --> 00:41:46,371 and that's because Elon has a fan club 947 00:41:46,404 --> 00:41:48,239 in the investment community. 948 00:41:48,273 --> 00:41:51,042 And that access to capital, that good will, 949 00:41:51,076 --> 00:41:54,312 that brand if you like is wonderful for Elon, 950 00:41:54,345 --> 00:41:57,482 because that does allow him to get on with other things, 951 00:41:57,515 --> 00:42:00,552 such as The Boring Company or his AI ambitions 952 00:42:00,586 --> 00:42:04,590 or whatever else crazy frontier driven ideas 953 00:42:04,623 --> 00:42:06,592 he comes up with next. 954 00:42:06,625 --> 00:42:09,995 The reputation Tesla has as much to do with the product 955 00:42:10,028 --> 00:42:11,830 as the guy that's running the company. 956 00:42:11,863 --> 00:42:13,331 Frankly, if the cars weren't any good 957 00:42:13,364 --> 00:42:14,600 people wouldn't buy them, 958 00:42:14,633 --> 00:42:17,268 but they are good, they are technology leaders, 959 00:42:17,302 --> 00:42:19,070 and that's what really gets the following. 960 00:42:19,104 --> 00:42:20,572 The fact that there's a guy like Elon 961 00:42:20,606 --> 00:42:23,842 running the company as well is the icing on the cake. 962 00:42:23,875 --> 00:42:25,376 The general public really appreciate 963 00:42:25,410 --> 00:42:26,945 that sort of candid approach 964 00:42:26,978 --> 00:42:28,880 to how he's running his companies. 965 00:42:28,914 --> 00:42:31,049 What keeps me intrigued about Musk 966 00:42:31,082 --> 00:42:32,784 is that if you look closely, 967 00:42:32,818 --> 00:42:36,221 you can see his signature in the products that he makes. 968 00:42:36,254 --> 00:42:39,891 So, for example, the Tesla sound system goes up to 11. 969 00:42:39,925 --> 00:42:41,492 It's a reference to Spinal Tap. 970 00:42:42,728 --> 00:42:43,895 The Ludicrous Mode, 971 00:42:43,929 --> 00:42:45,897 the warp speed that you get on the screen 972 00:42:45,931 --> 00:42:48,366 when you unlock an Easter egg for extra performance. 973 00:42:48,399 --> 00:42:49,701 It's those little details 974 00:42:49,735 --> 00:42:52,537 that car companies don't normally do 975 00:42:52,570 --> 00:42:54,906 but Tesla just has a bit of fun with them. 976 00:42:54,940 --> 00:42:56,207 It's not yet like Knight Rider, 977 00:42:56,241 --> 00:42:58,710 because the car doesn't talk back at you. 978 00:42:58,744 --> 00:43:00,712 You can't have a conversation with it, 979 00:43:00,746 --> 00:43:02,748 but when it comes to autonomous technology, 980 00:43:02,781 --> 00:43:05,917 Tesla is certainly one of the leaders out there. 981 00:43:05,951 --> 00:43:08,620 If people want electric cars, fine, 982 00:43:08,654 --> 00:43:12,824 but you see through electric cars comes what? 983 00:43:13,792 --> 00:43:15,460 Driverless cars. 984 00:43:15,493 --> 00:43:17,595 Now, when you see some of the things 985 00:43:17,629 --> 00:43:19,097 that have happened with driverless cars 986 00:43:19,130 --> 00:43:22,067 and you see how computers can go wrong, well you know, 987 00:43:22,100 --> 00:43:25,136 I'm not sure I would want to be in driverless car. 988 00:43:25,170 --> 00:43:26,471 People are quite keyed off 989 00:43:26,504 --> 00:43:28,640 over the whole autonomous vehicle thing. 990 00:43:28,674 --> 00:43:30,742 I think maybe people have this like image of like, 991 00:43:30,776 --> 00:43:32,310 robot cars run amok. 992 00:43:32,343 --> 00:43:35,146 It's really not anything like that. 993 00:43:35,180 --> 00:43:36,915 All of that would apply to, 994 00:43:36,948 --> 00:43:38,950 the software goes through extreme levels of validation 995 00:43:38,984 --> 00:43:40,418 before a customer ever sees it. 996 00:43:40,451 --> 00:43:41,653 So, there's all sorts of nonsense 997 00:43:41,687 --> 00:43:42,921 about people being used as human guinea pigs. 998 00:43:42,954 --> 00:43:44,522 You know, it's basically 999 00:43:44,555 --> 00:43:46,992 advanced driver's assistance at this point, 1000 00:43:47,025 --> 00:43:49,494 and in fact we use the name Autopilot, 1001 00:43:49,527 --> 00:43:52,130 because that's what that's what's used in an aircraft, 1002 00:43:52,163 --> 00:43:55,466 but the presumption in aircraft is that the pilot must, 1003 00:43:55,500 --> 00:43:56,935 you know, pay attention and be alert 1004 00:43:56,968 --> 00:43:58,804 and be ready to take over at any time, 1005 00:43:58,837 --> 00:44:01,272 not that the pilot can then go, go to sleep, 1006 00:44:01,306 --> 00:44:04,275 or you know walk away from the cockpit. 1007 00:44:04,309 --> 00:44:07,378 [car engine revving] 1008 00:44:11,983 --> 00:44:13,318 [Narrator] Musk is confronting 1009 00:44:13,351 --> 00:44:16,521 some of the world's biggest challenges head on. 1010 00:44:16,554 --> 00:44:20,826 Through Tesla, he intends to reduce our use of fossil fuels, 1011 00:44:20,859 --> 00:44:23,862 while simultaneously attempting to revolutionize 1012 00:44:23,895 --> 00:44:24,896 the energy industry. 1013 00:44:26,097 --> 00:44:27,833 A key part of his aim 1014 00:44:27,866 --> 00:44:30,736 is to change not just energy consumption, 1015 00:44:30,769 --> 00:44:32,370 but energy production. 1016 00:44:33,504 --> 00:44:35,807 Elon is the Chairman of SolarCity, 1017 00:44:35,841 --> 00:44:38,810 one of the largest producers of solar power systems 1018 00:44:38,844 --> 00:44:40,278 in the United States. 1019 00:44:41,679 --> 00:44:43,414 People in a remote village or an island somewhere 1020 00:44:43,448 --> 00:44:47,085 can take solar panels, combine it with the Tesla Powerwall 1021 00:44:47,118 --> 00:44:50,355 and never have to worry about having electricity lines. 1022 00:44:50,388 --> 00:44:51,556 Electricity lines are not 1023 00:44:51,589 --> 00:44:52,824 the most pretty thing in the world. 1024 00:44:52,858 --> 00:44:54,359 So, being able to have this solution 1025 00:44:54,392 --> 00:44:56,327 just works wherever you are. 1026 00:44:56,361 --> 00:44:59,397 The fact that it's wall mounted is vital, 1027 00:44:59,430 --> 00:45:02,067 because it means you don't need to have a battery room. 1028 00:45:02,100 --> 00:45:05,670 It means that a normal household can mount this 1029 00:45:05,703 --> 00:45:09,340 on their garage or on the outside wall of their house 1030 00:45:09,374 --> 00:45:11,342 and it doesn't take up any room. 1031 00:45:11,376 --> 00:45:14,112 You could actually go if you want completely off grid. 1032 00:45:14,145 --> 00:45:17,282 You can take your solar panels, charge the battery packs, 1033 00:45:17,315 --> 00:45:21,753 and that's all you use and the cost of this is $3500. 1034 00:45:21,787 --> 00:45:24,522 [audience cheering] 1035 00:45:24,555 --> 00:45:26,892 Oh wow, the grid, it's actually zero. 1036 00:45:26,925 --> 00:45:28,459 [Elon laughs] 1037 00:45:28,493 --> 00:45:31,396 This entire night has been powered by batteries. 1038 00:45:31,429 --> 00:45:34,432 [audience cheering] 1039 00:45:36,234 --> 00:45:38,536 With The SolarCity Company as now part of Tesla. 1040 00:45:38,569 --> 00:45:40,038 Elon is trying to make solar panels 1041 00:45:40,071 --> 00:45:42,040 more attractive to the mass market. 1042 00:45:42,073 --> 00:45:44,042 They launched their new solar roof technology, 1043 00:45:44,075 --> 00:45:45,710 whereas in the old days solar panels would be 1044 00:45:45,743 --> 00:45:48,713 big, black, bulky squares 1045 00:45:48,746 --> 00:45:50,581 that you'd put out on your roof or your garden. 1046 00:45:50,615 --> 00:45:52,250 Now people going to have solar panels 1047 00:45:52,283 --> 00:45:53,584 embedded into their roof. 1048 00:45:55,420 --> 00:45:57,255 [Narrator] Tesla's lithium-ion battery 1049 00:45:57,288 --> 00:45:59,224 installed in South Australia, 1050 00:45:59,257 --> 00:46:01,726 led to a massive drop in the cost 1051 00:46:01,759 --> 00:46:04,896 of backing up the region's power supply. 1052 00:46:04,930 --> 00:46:07,132 The system powered by wind turbines 1053 00:46:07,165 --> 00:46:11,136 reduced the price of power outages by 90 percent. 1054 00:46:12,337 --> 00:46:13,771 They are taking the surplus electricity 1055 00:46:13,805 --> 00:46:15,406 that's being produced in Australia, 1056 00:46:15,440 --> 00:46:17,108 and storing it and putting it back to the grid. 1057 00:46:17,142 --> 00:46:18,509 I think their latest estimate suggests 1058 00:46:18,543 --> 00:46:20,111 they're making up to a million dollars a day 1059 00:46:20,145 --> 00:46:21,412 in the electricity they're storing, 1060 00:46:21,446 --> 00:46:22,914 which is pretty impressive. 1061 00:46:22,948 --> 00:46:25,917 That came from a bet that he made over Twitter. 1062 00:46:25,951 --> 00:46:28,586 So, it was an Australian businessman, 1063 00:46:28,619 --> 00:46:30,521 and they were discussing about the feasibility 1064 00:46:30,555 --> 00:46:32,590 of making a city run on solar power. 1065 00:46:32,623 --> 00:46:35,160 And a bet was issued to Musk about 1066 00:46:35,193 --> 00:46:36,928 can you do that in this much time, 1067 00:46:36,962 --> 00:46:38,563 and he went, I'll take that bet. 1068 00:46:39,464 --> 00:46:41,699 [keyboard keys chattering] 1069 00:46:41,732 --> 00:46:42,968 He put the batteries in place, 1070 00:46:43,001 --> 00:46:44,635 had it up and running within the time scale, 1071 00:46:44,669 --> 00:46:47,572 all for a billionaire's bet and that's what came of it. 1072 00:46:48,806 --> 00:46:51,376 We have reached an agreement 1073 00:46:51,409 --> 00:46:53,544 with Tesla Motor Company 1074 00:46:53,578 --> 00:46:57,849 subject to legislative review and approval, 1075 00:46:57,883 --> 00:47:02,620 that will enable Tesla to build the world's largest 1076 00:47:02,653 --> 00:47:05,023 and most advanced battery factory, 1077 00:47:05,056 --> 00:47:07,692 right here in the Silver State. 1078 00:47:07,725 --> 00:47:09,727 [audience cheering] 1079 00:47:09,760 --> 00:47:11,362 Why do we even call it the Gigafactory? 1080 00:47:11,396 --> 00:47:13,664 It's because, it's actually gonna be, 1081 00:47:13,698 --> 00:47:15,133 it's not just gonna be 1082 00:47:15,166 --> 00:47:17,002 the biggest lithium-ion battery factory in the world, 1083 00:47:17,035 --> 00:47:18,669 but it will actually be bigger than the sum 1084 00:47:18,703 --> 00:47:21,406 of all lithium-ion factories in the world. 1085 00:47:21,439 --> 00:47:23,574 So, it's difficult to quite describe in words, 1086 00:47:23,608 --> 00:47:25,476 but it's a heck of a big factory. 1087 00:47:25,510 --> 00:47:28,513 [audience cheering] 1088 00:47:29,447 --> 00:47:32,217 [dramatic music] 1089 00:47:33,851 --> 00:47:35,386 [Narrator] Since the Dragon launch, 1090 00:47:35,420 --> 00:47:39,657 Elon Musk has continued to make history with SpaceX. 1091 00:47:39,690 --> 00:47:41,526 When the Falcon Heavy rocket 1092 00:47:41,559 --> 00:47:43,828 launched in February 2018, 1093 00:47:43,861 --> 00:47:46,998 it heralded the start of a new space race. 1094 00:47:47,032 --> 00:47:48,699 [rocket engines rumbling] 1095 00:47:48,733 --> 00:47:50,201 [Phil] This is a big deal. 1096 00:47:50,235 --> 00:47:52,870 This is kind of the Super Bowl of rocket launches. 1097 00:47:54,305 --> 00:47:56,607 Elon Musk and his team just proved 1098 00:47:56,641 --> 00:47:58,043 that the Falcon Heavy works, 1099 00:47:58,076 --> 00:48:00,845 which puts us now in a completely different realm, 1100 00:48:00,878 --> 00:48:02,413 what we can put into deep space, 1101 00:48:02,447 --> 00:48:03,748 what we can send to Mars. 1102 00:48:04,916 --> 00:48:06,884 [Narrator] Lifting off from the same launch pad 1103 00:48:06,918 --> 00:48:10,121 that sent the crew of Apollo 11 to the moon, 1104 00:48:10,155 --> 00:48:12,523 the mission represented a new era 1105 00:48:12,557 --> 00:48:15,193 in the progress of space flight. 1106 00:48:15,226 --> 00:48:17,929 [majestic music] 1107 00:48:20,465 --> 00:48:23,068 The launch of the SpaceX Falcon Heavy, 1108 00:48:23,101 --> 00:48:26,404 it was significant for so many reasons scientifically. 1109 00:48:26,437 --> 00:48:28,706 I mean it's the most powerful rocket we've seen launched 1110 00:48:28,739 --> 00:48:31,242 since the Saturn V, which took humans to the moon. 1111 00:48:33,111 --> 00:48:36,047 [Neil] It's one small step for man, 1112 00:48:36,081 --> 00:48:40,251 one giant leap for mankind. 1113 00:48:40,285 --> 00:48:44,422 We are entering a new era of space exploration, 1114 00:48:44,455 --> 00:48:46,124 which is extremely exciting. 1115 00:48:46,157 --> 00:48:48,526 Sort of the continuance of the dream of Apollo. 1116 00:48:49,660 --> 00:48:51,729 I was on the Space Coast for the launch. 1117 00:48:51,762 --> 00:48:53,898 I haven't seen it that busy there since 2011 1118 00:48:53,931 --> 00:48:55,066 when the space shuttle launched 1119 00:48:55,100 --> 00:48:57,235 and landed for the final time. 1120 00:48:57,268 --> 00:49:00,105 It really has started to capture people's imaginations 1121 00:49:00,138 --> 00:49:02,407 about space exploration. 1122 00:49:02,440 --> 00:49:05,810 It was a great achievement by a private company 1123 00:49:05,843 --> 00:49:08,779 to create and successfully launch 1124 00:49:08,813 --> 00:49:13,818 one of the biggest lifting rockets ever in history. 1125 00:49:15,186 --> 00:49:16,921 It's the third largest rocket ever to be launched. 1126 00:49:16,954 --> 00:49:19,257 We had the Apollo Saturn V, 1127 00:49:19,290 --> 00:49:20,758 and of course we had the shuttle. 1128 00:49:20,791 --> 00:49:23,928 The Falcon Heavy is that order of magnitude. 1129 00:49:23,961 --> 00:49:27,532 It is a seriously big rocket. 1130 00:49:27,565 --> 00:49:30,435 The Falcon Heavy can carry 64 tons. 1131 00:49:30,468 --> 00:49:32,937 That's a lot, I mean it's a truck. 1132 00:49:32,970 --> 00:49:36,641 It's the equivalent of a 737 jetliner, 1133 00:49:36,674 --> 00:49:38,009 filled with passengers, 1134 00:49:38,043 --> 00:49:39,777 filled with baggage, filled with fuel, 1135 00:49:39,810 --> 00:49:42,113 lifting that up and sending it into space, 1136 00:49:42,147 --> 00:49:43,714 and not just sending it into space, 1137 00:49:43,748 --> 00:49:45,383 sending it beyond low Earth orbit, 1138 00:49:45,416 --> 00:49:48,219 sending it beyond the moon, sending it beyond Mars. 1139 00:49:48,253 --> 00:49:51,989 This launch will also have political implications 1140 00:49:52,023 --> 00:49:53,191 in my view, 1141 00:49:53,224 --> 00:49:56,627 because the American government is preparing 1142 00:49:56,661 --> 00:49:58,796 and budgeting for NASA's rockets, 1143 00:49:58,829 --> 00:50:02,300 but the fact that Elon and SpaceX have now proven 1144 00:50:02,333 --> 00:50:05,470 they can successfully launch the Falcon Heavy, 1145 00:50:05,503 --> 00:50:08,673 which will probably have a cost at about a $100 million, 1146 00:50:08,706 --> 00:50:11,576 that's about 10% of the NASA rockets, 1147 00:50:11,609 --> 00:50:14,412 so they are budgeting about a billion dollars per launch. 1148 00:50:14,445 --> 00:50:16,314 That's a significant cost saving, 1149 00:50:16,347 --> 00:50:18,983 and that is what a private enterprise can do 1150 00:50:19,016 --> 00:50:21,186 when you put the right person at the helm 1151 00:50:21,219 --> 00:50:23,854 and you give him a chance to execute his vision. 1152 00:50:25,623 --> 00:50:26,624 In order for us to 1153 00:50:27,858 --> 00:50:30,328 really open up access to space 1154 00:50:30,361 --> 00:50:34,499 we've got to achieve full and rapid reusability, 1155 00:50:34,532 --> 00:50:37,668 and being able to do that for the primary rocket booster 1156 00:50:37,702 --> 00:50:40,838 is gonna be a huge impact on the cost. 1157 00:50:40,871 --> 00:50:43,908 Now this will still take us a few years to make that smooth, 1158 00:50:43,941 --> 00:50:46,611 and make it efficient, 1159 00:50:46,644 --> 00:50:50,014 but it's, I think it's proven that it can work. 1160 00:50:50,047 --> 00:50:53,050 [suspenseful music] 1161 00:50:54,385 --> 00:50:56,020 [rocket engine roaring] 1162 00:50:56,053 --> 00:50:57,922 [Narrator] Of all Musk's innovations 1163 00:50:57,955 --> 00:51:01,926 developing reusable rockets could be the most radical. 1164 00:51:03,094 --> 00:51:04,762 We thought it was more likely than not 1165 00:51:04,795 --> 00:51:06,431 that this mission would work, 1166 00:51:06,464 --> 00:51:10,268 but still probably, you know one third chance of failure. 1167 00:51:10,301 --> 00:51:11,736 The Holy Grail for space 1168 00:51:11,769 --> 00:51:15,206 is to have a totally reusable launch system. 1169 00:51:15,240 --> 00:51:18,609 So, to actually see the SpaceX Falcon rockets 1170 00:51:18,643 --> 00:51:20,545 launching its spacecraft into orbit 1171 00:51:20,578 --> 00:51:22,213 and then coming back down 1172 00:51:22,247 --> 00:51:25,250 and performing a pinpoint accurate landing 1173 00:51:25,283 --> 00:51:29,554 on a floating platform at sea, that is pretty astonishing. 1174 00:51:29,587 --> 00:51:31,055 It's quite a tiny target. 1175 00:51:31,088 --> 00:51:33,158 It's really trying to land on a postage stamp there. 1176 00:51:33,191 --> 00:51:34,792 Just to put it this way, 1177 00:51:34,825 --> 00:51:37,395 you get on an airplane and you fly somewhere, 1178 00:51:37,428 --> 00:51:39,730 you wouldn't dream of throwing that airplane away, 1179 00:51:39,764 --> 00:51:42,167 so why do we do the same with space rockets? 1180 00:51:42,200 --> 00:51:45,303 That's what SpaceX is trying to do and they're succeeding. 1181 00:51:45,336 --> 00:51:47,272 They're leading the way at the moment. 1182 00:51:47,305 --> 00:51:48,739 Elon is getting people to question 1183 00:51:48,773 --> 00:51:50,908 why NASA is still building any rockets at all. 1184 00:51:50,941 --> 00:51:53,110 They think if SpaceX can do it, 1185 00:51:53,144 --> 00:51:55,246 why do we need to buy a comparable rocket? 1186 00:51:55,280 --> 00:51:56,947 We can just buy that one off them. 1187 00:51:58,115 --> 00:52:00,418 Inside the Falcon Heavy rocket was a plaque 1188 00:52:00,451 --> 00:52:03,454 with 6,000 names of all the SpaceX employees 1189 00:52:03,488 --> 00:52:05,290 that worked on the project, 1190 00:52:05,323 --> 00:52:08,859 and that just shows that he's willing to 1191 00:52:08,893 --> 00:52:11,462 really value the people that work for him. 1192 00:52:12,530 --> 00:52:15,633 Elon Musk's aspiration is to eventually 1193 00:52:15,666 --> 00:52:17,134 put all of his efforts 1194 00:52:17,168 --> 00:52:20,338 into developing far larger rockets, 1195 00:52:20,371 --> 00:52:23,441 which can still launch payloads into Earth orbit, 1196 00:52:23,474 --> 00:52:27,312 but also be capable of taking human rated spacecraft 1197 00:52:27,345 --> 00:52:29,980 into deep space, i.e. Mars. 1198 00:52:36,321 --> 00:52:38,055 You have like a 10 to 20 year horizon here 1199 00:52:38,088 --> 00:52:39,490 when you want to go to Mars. 1200 00:52:40,991 --> 00:52:42,193 -I wanna enable-- -SpaceX. 1201 00:52:42,227 --> 00:52:44,529 I wanna enable large numbers of people 1202 00:52:44,562 --> 00:52:46,731 and cargo to go to Mars. 1203 00:52:46,764 --> 00:52:48,633 So, it's not sort of about me personally 1204 00:52:48,666 --> 00:52:50,301 want to make a journey back to Mars, 1205 00:52:50,335 --> 00:52:51,802 I mean that would be nice on a personal level, 1206 00:52:51,836 --> 00:52:54,004 but I do think it is important 1207 00:52:55,340 --> 00:52:58,643 that we as a species of this civilization 1208 00:52:58,676 --> 00:53:02,780 are on a path to become a true space ranked civilization 1209 00:53:03,681 --> 00:53:05,182 and a multi planet species. 1210 00:53:08,419 --> 00:53:09,487 [Narrator] Musk aims to launch 1211 00:53:09,520 --> 00:53:12,523 a mission to Mars by 2022. 1212 00:53:13,691 --> 00:53:16,327 Elon Musk's ultimate goal is to have humans 1213 00:53:16,361 --> 00:53:18,596 permanently living and working on Mars, 1214 00:53:18,629 --> 00:53:21,566 a Martian colony you could say. 1215 00:53:21,599 --> 00:53:23,834 Mars is very special. 1216 00:53:23,868 --> 00:53:27,672 It has a sky and it has landscape 1217 00:53:27,705 --> 00:53:32,710 and large amounts of frozen water and it has seasons, 1218 00:53:33,878 --> 00:53:36,046 so there are a lot of similarities to Earth. 1219 00:53:37,715 --> 00:53:38,683 The atmosphere is much thinner 1220 00:53:38,716 --> 00:53:40,184 than the Earth's atmosphere, 1221 00:53:40,217 --> 00:53:43,254 but you've got carbon and then you've got oxygen, 1222 00:53:43,288 --> 00:53:44,455 so you could potentially use 1223 00:53:44,489 --> 00:53:47,858 what's on Mars's atmosphere as resources. 1224 00:53:47,892 --> 00:53:50,561 It's a very terrestrial environment. 1225 00:53:50,595 --> 00:53:53,230 It appears to be a home from home but is it? 1226 00:53:56,601 --> 00:53:58,369 It is possible in our lifetime 1227 00:53:58,403 --> 00:54:01,539 to send a rocket to Mars, manned, 1228 00:54:01,572 --> 00:54:03,240 I do think that's possible. 1229 00:54:04,108 --> 00:54:05,810 Do we wanna do it? 1230 00:54:05,843 --> 00:54:07,111 Do we wanna pay for it? 1231 00:54:07,144 --> 00:54:08,613 That's a different question. 1232 00:54:08,646 --> 00:54:10,781 There's a lot of questions, there's a lot of hurdles, 1233 00:54:10,815 --> 00:54:12,817 but as long as Elon doesn't break 1234 00:54:12,850 --> 00:54:15,152 the fundamental laws of physics we can do it. 1235 00:54:16,587 --> 00:54:20,725 Mars is reachable and I'm sure we will devise the means 1236 00:54:20,758 --> 00:54:22,727 by which we can live there, 1237 00:54:22,760 --> 00:54:25,830 but there are many questions and challenges 1238 00:54:25,863 --> 00:54:27,498 before that can be achieved. 1239 00:54:27,532 --> 00:54:30,067 So, let Musk say he's gonna do it, 1240 00:54:30,100 --> 00:54:31,936 because he probably will. 1241 00:54:31,969 --> 00:54:36,907 If he maintains this momentum, I see no reason 1242 00:54:36,941 --> 00:54:40,478 why he shouldn't be landing spacecrafts on Mars. 1243 00:54:42,179 --> 00:54:44,949 [dramatic music] 1244 00:54:46,116 --> 00:54:48,285 [Narrator] Elon Musk's evolvement with design, 1245 00:54:48,319 --> 00:54:51,489 engineering and critical technical decisions 1246 00:54:51,522 --> 00:54:53,891 is unique amongst his peers. 1247 00:54:55,125 --> 00:54:57,862 Believe me, Elon is just as smart on engineering 1248 00:54:57,895 --> 00:54:59,797 as he is on the money side. 1249 00:54:59,830 --> 00:55:02,867 Even in the earlier days of Tesla and SpaceX 1250 00:55:02,900 --> 00:55:04,769 he could easily have said, 1251 00:55:04,802 --> 00:55:06,937 let me put in some of my cash in there, 1252 00:55:06,971 --> 00:55:09,106 and we'll put some clever technical people, 1253 00:55:09,139 --> 00:55:11,376 and I'll just run it, I'll be the manager, 1254 00:55:11,409 --> 00:55:13,844 I'll be the CEO or whatever, uhn-uhn. 1255 00:55:13,878 --> 00:55:15,480 To actually be able to get so involved 1256 00:55:15,513 --> 00:55:17,815 in the engineering side, that's amazing, 1257 00:55:17,848 --> 00:55:19,116 but that's what he did, 1258 00:55:19,149 --> 00:55:21,552 because deep down he is an engineer. 1259 00:55:21,586 --> 00:55:24,722 I would say he approaches engineering and business 1260 00:55:24,755 --> 00:55:28,793 in much the same fashion, it's a puzzle to be dissected, 1261 00:55:28,826 --> 00:55:32,296 and then the pieces put back together in some way. 1262 00:55:32,329 --> 00:55:34,732 At his heart, the man is an engineer. 1263 00:55:34,765 --> 00:55:37,167 I think that's where his first love is. 1264 00:55:37,201 --> 00:55:38,135 He'll be walking around SpaceX, 1265 00:55:38,168 --> 00:55:40,337 and will talk to the employees, 1266 00:55:40,371 --> 00:55:43,374 and then will quiz them on things like thrust vectors 1267 00:55:43,408 --> 00:55:45,643 or aero dynamical design, 1268 00:55:45,676 --> 00:55:48,813 not typical of CEO behavior. 1269 00:55:48,846 --> 00:55:51,015 I think the engineering came more naturally 1270 00:55:51,048 --> 00:55:52,483 because the engineering part 1271 00:55:52,517 --> 00:55:54,685 is a more rational approach. 1272 00:55:54,719 --> 00:55:58,589 He sort of struggled early on 1273 00:55:58,623 --> 00:56:02,226 in the CEO role of his two early companies, 1274 00:56:02,259 --> 00:56:05,095 but certainly we've seen that he just learned 1275 00:56:05,129 --> 00:56:08,533 and grew from that, and so I think you know, 1276 00:56:08,566 --> 00:56:12,002 he's sort of the whole package at this point. 1277 00:56:12,036 --> 00:56:14,605 I don't think too many people would argue with that. 1278 00:56:16,040 --> 00:56:19,744 Some entrepreneurs are more socially skilled than others, 1279 00:56:19,777 --> 00:56:22,179 but they're not necessarily socially skilled, 1280 00:56:22,212 --> 00:56:23,514 because they're too focused. 1281 00:56:23,548 --> 00:56:26,417 You see, if you're a socially skilled human being, 1282 00:56:26,451 --> 00:56:28,853 then you're sensitive to everybody around you, 1283 00:56:28,886 --> 00:56:30,955 but that may prevent you from actually getting on 1284 00:56:30,988 --> 00:56:33,424 to achieve your objective, 1285 00:56:33,458 --> 00:56:35,359 and they have objectives in mind, 1286 00:56:35,392 --> 00:56:37,462 and they are ruthless in the sense 1287 00:56:37,495 --> 00:56:39,964 of trying to achieve that objective. 1288 00:56:39,997 --> 00:56:43,468 Not ruthless in the way they treat other people necessarily, 1289 00:56:43,501 --> 00:56:47,204 just in making sure that they're on their own timeline 1290 00:56:47,237 --> 00:56:49,306 to achieve that objective. 1291 00:56:51,842 --> 00:56:54,712 [upbeat music] 1292 00:56:54,745 --> 00:56:57,448 I had made an enormous PR mistake, 1293 00:56:57,482 --> 00:57:00,417 and it had landed on the front page of the New York post, 1294 00:57:00,451 --> 00:57:04,489 and it was bad, like it was mortifyingly bad, 1295 00:57:04,522 --> 00:57:06,390 and when I went into tell Elon about it, 1296 00:57:06,423 --> 00:57:08,593 you know, he was very, very angry with me, 1297 00:57:08,626 --> 00:57:09,960 and the things that he said, 1298 00:57:09,994 --> 00:57:12,497 the thing that he said that stuck with me was, 1299 00:57:12,530 --> 00:57:15,265 Julie, perception becomes reality. 1300 00:57:15,299 --> 00:57:17,301 It was the only time that he was really, 1301 00:57:17,334 --> 00:57:19,236 really angry with me that I can remember. 1302 00:57:19,269 --> 00:57:21,238 And the fact that he didn't fire me, 1303 00:57:21,271 --> 00:57:23,774 I think just points to him being a nice guy. 1304 00:57:26,611 --> 00:57:29,279 One of the things I find so fascinating about Elon 1305 00:57:29,313 --> 00:57:33,784 is that in the midst of all his acumen and business sense 1306 00:57:33,818 --> 00:57:37,588 he does interviews where he tears up and even cries 1307 00:57:37,622 --> 00:57:41,191 talking about how he wants to find the one. 1308 00:57:41,225 --> 00:57:43,694 It's not easy being Elon. 1309 00:57:43,728 --> 00:57:45,830 It sounds amazing, it sounds glamorous, 1310 00:57:45,863 --> 00:57:48,766 and it no doubt is also a lot of fun. 1311 00:57:48,799 --> 00:57:52,202 He's having a ball executing his engineering dreams. 1312 00:57:52,236 --> 00:57:54,705 The flip side of that comes with the personal side, 1313 00:57:54,739 --> 00:57:55,906 it ain't easy. 1314 00:57:57,842 --> 00:57:59,309 Elon started dating 1315 00:57:59,343 --> 00:58:02,613 a very famous celebrity actress who was at the time 1316 00:58:02,647 --> 00:58:05,683 at war with her ex-husband Johnny Depp. 1317 00:58:05,716 --> 00:58:07,785 Like, I don't know what it is about Amber, 1318 00:58:07,818 --> 00:58:10,621 but men who fall in love with Amber, 1319 00:58:10,655 --> 00:58:13,290 they fall hard for Amber. 1320 00:58:13,323 --> 00:58:16,126 So, everyone was very curious, in the showbiz world, 1321 00:58:16,160 --> 00:58:19,163 to see who Amber would end up with next, 1322 00:58:19,196 --> 00:58:21,398 and when we saw she was with a billionaire, 1323 00:58:21,431 --> 00:58:23,801 who had this kind of baby face, 1324 00:58:23,834 --> 00:58:26,737 there was a lot of interest in finding out more. 1325 00:58:27,838 --> 00:58:30,140 The breakup between Elon and Amber 1326 00:58:30,174 --> 00:58:31,842 was very painful for Elon, 1327 00:58:31,876 --> 00:58:34,144 and he very characteristically I suppose 1328 00:58:34,178 --> 00:58:36,413 is very open with people and journalists 1329 00:58:36,446 --> 00:58:37,915 about how much he was hurting. 1330 00:58:37,948 --> 00:58:40,751 At one stage, in a very high profile interview 1331 00:58:40,785 --> 00:58:42,152 he did with Rolling Stone, 1332 00:58:42,186 --> 00:58:45,690 he actually asked the journalist who was doing the story, 1333 00:58:45,723 --> 00:58:47,925 do you know anybody you could set me up with? 1334 00:58:47,958 --> 00:58:50,227 Is there anybody you know I should date? 1335 00:58:50,260 --> 00:58:53,197 For a billionaire guy, who is like, let's be honest, 1336 00:58:53,230 --> 00:58:57,668 decently good looking, to be out there talking 1337 00:58:57,702 --> 00:59:00,504 about how he wants to find a nice girlfriend, 1338 00:59:00,537 --> 00:59:03,774 it's just something you don't see come along very often. 1339 00:59:03,808 --> 00:59:05,676 He's fairly an open book. 1340 00:59:05,710 --> 00:59:08,012 So, if they had been spending some time together 1341 00:59:08,045 --> 00:59:11,849 and the journalist had earned his trust in some capacity, 1342 00:59:11,882 --> 00:59:13,283 it wouldn't surprise me at all. 1343 00:59:13,317 --> 00:59:16,020 I mean, he definitely wears his heart on his sleeve. 1344 00:59:16,053 --> 00:59:18,589 I would say he's a big softie underneath. 1345 00:59:19,724 --> 00:59:22,026 I mean Elon is so honest and vulnerable, 1346 00:59:22,059 --> 00:59:23,594 and I think that's why people find him 1347 00:59:23,628 --> 00:59:25,529 so incredibly endearing. 1348 00:59:25,562 --> 00:59:28,866 There are a lot of technological dreams 1349 00:59:28,899 --> 00:59:31,068 that Elon Musk would have for himself 1350 00:59:31,101 --> 00:59:32,637 over the next two decades, 1351 00:59:32,670 --> 00:59:34,805 but I think as much as he wants all of that, 1352 00:59:34,839 --> 00:59:38,709 I think Elon Musk would like to be happily in love. 1353 00:59:38,743 --> 00:59:42,146 [electronic dance music] 1354 00:59:44,581 --> 00:59:47,251 [Narrator] Musk continues to invest in the future. 1355 00:59:48,585 --> 00:59:52,422 In 2013, he outlined a potential world changing plan 1356 00:59:52,456 --> 00:59:54,224 for a transportation system 1357 00:59:54,258 --> 00:59:57,327 that could reshape the way humanity travels. 1358 00:59:59,596 --> 01:00:01,098 Elon Musk came up with an idea. 1359 01:00:01,131 --> 01:00:04,001 He published a white paper on this vacuum transport, 1360 01:00:04,034 --> 01:00:05,169 but let it go. 1361 01:00:05,202 --> 01:00:06,671 He said I'm not gonna do this myself. 1362 01:00:06,704 --> 01:00:09,239 What I'm gonna do is open up to third party companies 1363 01:00:09,273 --> 01:00:11,608 that want to develop it themselves. 1364 01:00:11,642 --> 01:00:14,178 The Hyperloop project is of huge interest 1365 01:00:14,211 --> 01:00:16,013 in terms of the world of transportation, 1366 01:00:16,046 --> 01:00:19,650 the idea of going from San Francisco to Los Angeles 1367 01:00:19,684 --> 01:00:22,286 in the time it would take to drive 1368 01:00:22,319 --> 01:00:24,855 from San Francisco to the edge of San Francisco 1369 01:00:24,889 --> 01:00:26,123 is fantastic. 1370 01:00:26,156 --> 01:00:27,925 It's a vacuum tube, where all the air 1371 01:00:27,958 --> 01:00:29,794 is sucked out of the tube, and you send a pod 1372 01:00:29,827 --> 01:00:31,696 containing passengers through the tube. 1373 01:00:31,729 --> 01:00:33,597 There's no friction, there's no air resistance, 1374 01:00:33,630 --> 01:00:35,766 because the pods are levitating on magnets. 1375 01:00:35,800 --> 01:00:37,301 -The technology is sound. 1376 01:00:37,334 --> 01:00:39,870 We can travel faster in a vacuum, there's no friction. 1377 01:00:39,904 --> 01:00:40,938 They want to get up to speeds 1378 01:00:40,971 --> 01:00:43,607 about 500 to 700 miles an hour. 1379 01:00:43,640 --> 01:00:46,210 Elon's idea is that tubes could connect major cities, 1380 01:00:46,243 --> 01:00:48,145 and you could travel in one of these passenger pods 1381 01:00:48,178 --> 01:00:50,447 and travel from, say, L.A. to New York 1382 01:00:50,480 --> 01:00:52,116 in a matter of half an hour. 1383 01:00:52,149 --> 01:00:53,483 When he was talking about it the first time, 1384 01:00:53,517 --> 01:00:56,053 we all thought oh well this time he might have, 1385 01:00:56,086 --> 01:00:57,788 he might have lost it a little bit, 1386 01:00:57,822 --> 01:01:01,391 or it's a little bit too ambitious or too crazy, 1387 01:01:01,425 --> 01:01:05,295 but, as with many other of Elon's ideas, watch that space, 1388 01:01:05,329 --> 01:01:06,797 because before you know it, 1389 01:01:06,831 --> 01:01:08,632 and actually ahead of schedule, 1390 01:01:08,665 --> 01:01:10,901 this thing is actually becoming reality. 1391 01:01:13,838 --> 01:01:17,507 The speed we can put these tunnels out is dramatic, 1392 01:01:17,541 --> 01:01:19,143 how fast it can all happen. 1393 01:01:19,176 --> 01:01:22,079 So, I think a lot of the world will be connected. 1394 01:01:23,347 --> 01:01:26,483 We'll be moving cargo in 2019. 1395 01:01:26,516 --> 01:01:28,318 We think we can have passengers 1396 01:01:28,352 --> 01:01:32,289 safely being transported in Hyperloop by 2021. 1397 01:01:35,692 --> 01:01:37,494 [Narrator] Elon Musk is a leading voice 1398 01:01:37,527 --> 01:01:40,697 on the potential of an AI apocalypse. 1399 01:01:40,731 --> 01:01:43,934 He has declared that digital super intelligence 1400 01:01:43,968 --> 01:01:45,702 is the most serious threat 1401 01:01:45,736 --> 01:01:47,972 to the survival of the human race. 1402 01:01:49,940 --> 01:01:52,943 To offset this, he launched Neuralink, 1403 01:01:52,977 --> 01:01:54,344 aimed to developing safe 1404 01:01:54,378 --> 01:01:57,047 and beneficial artificial intelligence. 1405 01:01:58,883 --> 01:02:01,051 [Per] The dangers of AI, 1406 01:02:01,085 --> 01:02:04,454 are the end of the human mind as we know it. 1407 01:02:04,488 --> 01:02:05,923 You're dealing with something 1408 01:02:05,956 --> 01:02:07,691 that is fundamentally going to be smarter than you. 1409 01:02:07,724 --> 01:02:09,059 It's gonna learn on its own, 1410 01:02:09,093 --> 01:02:10,895 so how do you stay ahead of it? 1411 01:02:10,928 --> 01:02:13,463 That's something that Musk is paying close attention to. 1412 01:02:13,497 --> 01:02:14,698 His main concern is that, 1413 01:02:14,731 --> 01:02:16,967 if AI becomes too smart and too important, 1414 01:02:17,001 --> 01:02:18,803 then why do you need humans? 1415 01:02:18,836 --> 01:02:20,237 We kind of become obsolete. 1416 01:02:21,505 --> 01:02:24,074 The very worst nightmare 1417 01:02:24,108 --> 01:02:27,277 that a Hollywood horror movie could come up with 1418 01:02:27,311 --> 01:02:30,647 is as nothing compared to where we're heading 1419 01:02:30,680 --> 01:02:32,449 and heading so fast. 1420 01:02:32,482 --> 01:02:35,886 [dramatic music] 1421 01:02:35,920 --> 01:02:40,657 When AI has the ability to think, 1422 01:02:40,690 --> 01:02:45,295 to come to conclusions, and to make judgments, et cetera, 1423 01:02:45,329 --> 01:02:47,297 just like the human mind, 1424 01:02:47,331 --> 01:02:51,435 does anyone think they might just be the slightest chance 1425 01:02:51,468 --> 01:02:55,772 that through that alone, AI could take the planet over? 1426 01:02:58,809 --> 01:03:00,845 If they do become self-aware, 1427 01:03:00,878 --> 01:03:02,079 how are we gonna control them? 1428 01:03:02,112 --> 01:03:04,081 Who's gonna control the controllers? 1429 01:03:04,114 --> 01:03:05,449 It's a scary prospect. 1430 01:03:06,851 --> 01:03:10,487 What is its potential to take over everything? 1431 01:03:10,520 --> 01:03:12,489 You know what its potential to take over everything is? 1432 01:03:12,522 --> 01:03:16,693 100 percent, it's the end of humanity. 1433 01:03:16,726 --> 01:03:19,763 When software rises up and becomes all powerful, 1434 01:03:19,796 --> 01:03:20,998 where are we gonna look to? 1435 01:03:21,031 --> 01:03:22,699 We're gonna look to the titans of industry 1436 01:03:22,732 --> 01:03:24,268 to provide a counterweight. 1437 01:03:24,301 --> 01:03:28,038 Elon is ideally placed to be the sort of counterpoint 1438 01:03:28,072 --> 01:03:30,274 to this software early vision. 1439 01:03:30,307 --> 01:03:31,441 I mean it's interesting 1440 01:03:31,475 --> 01:03:33,844 that he's also looking into AI himself 1441 01:03:33,878 --> 01:03:35,812 with open AI and Neuralink. 1442 01:03:37,014 --> 01:03:41,118 When I hear Elon Musk talking about the fact 1443 01:03:41,151 --> 01:03:45,956 that AI revolution is humanity summoning the demon, 1444 01:03:45,990 --> 01:03:48,292 absolutely it is, 1445 01:03:48,325 --> 01:03:51,996 but then founding and opening company called Neuralink 1446 01:03:52,029 --> 01:03:55,199 to connect AI to the human brain. 1447 01:03:55,232 --> 01:03:58,635 I mean that contradiction is so extraordinary, 1448 01:03:58,668 --> 01:04:00,837 I don't know the thought processes 1449 01:04:00,871 --> 01:04:02,272 that must be going on there. 1450 01:04:03,373 --> 01:04:05,542 Neuralink is a direct response 1451 01:04:05,575 --> 01:04:08,145 of Elon's concerns to AI in the first place. 1452 01:04:08,178 --> 01:04:10,414 The fact that he thinks AI might surpass humans 1453 01:04:10,447 --> 01:04:12,649 in terms of its mental capabilities, 1454 01:04:12,682 --> 01:04:15,185 it makes sense that he would try and develop technology 1455 01:04:15,219 --> 01:04:17,554 using computers in tandem with our biology. 1456 01:04:18,923 --> 01:04:22,026 I think that Elon Musk wants to use AI 1457 01:04:22,059 --> 01:04:26,730 as a tool for augmenting our self, 1458 01:04:26,763 --> 01:04:29,699 and not a tool for replacing our self. 1459 01:04:29,733 --> 01:04:32,336 I think he's saying if you can't beat them, 1460 01:04:32,369 --> 01:04:35,705 become superhuman and then beat them. 1461 01:04:35,739 --> 01:04:38,708 Brain computer interfaces could help people 1462 01:04:38,742 --> 01:04:39,910 in two different ways. 1463 01:04:39,944 --> 01:04:43,213 So, one way would be to restore capabilities 1464 01:04:43,247 --> 01:04:45,349 for people with disabilities, 1465 01:04:45,382 --> 01:04:47,417 and another application would 1466 01:04:47,451 --> 01:04:50,054 be to go beyond our limitation. 1467 01:04:50,087 --> 01:04:52,422 And so, for example we could think 1468 01:04:52,456 --> 01:04:56,593 about controlling a computer just with our thoughts 1469 01:04:56,626 --> 01:04:58,595 without moving any muscle, 1470 01:04:58,628 --> 01:05:01,531 and that's the core function of a BCI, 1471 01:05:01,565 --> 01:05:03,600 a brain-computer interface. 1472 01:05:03,633 --> 01:05:05,469 There are a lot of different scenarios 1473 01:05:05,502 --> 01:05:07,371 in which you could apply this technology. 1474 01:05:07,404 --> 01:05:09,306 We are talking about critical 1475 01:05:09,339 --> 01:05:11,976 decision making in the military, 1476 01:05:12,009 --> 01:05:15,912 in a warfare scenario, or in the health sector. 1477 01:05:15,946 --> 01:05:19,383 So, whenever we talk about hybrid humans, 1478 01:05:19,416 --> 01:05:22,552 or human and machine, or cyborgs, 1479 01:05:22,586 --> 01:05:25,622 we are all talking about the same thing I think, 1480 01:05:25,655 --> 01:05:30,460 which is using technology to augment our capabilities 1481 01:05:31,428 --> 01:05:32,262 and that's it. 1482 01:05:34,999 --> 01:05:36,233 [Narrator] Musk's skepticism 1483 01:05:36,266 --> 01:05:39,269 about the potential risks of AI technology 1484 01:05:39,303 --> 01:05:42,272 has led to a public clash with Mark Zuckerberg. 1485 01:05:44,041 --> 01:05:46,576 I am optimistic about the future of AI. 1486 01:05:46,610 --> 01:05:49,746 I think that AI is going to unlock 1487 01:05:49,779 --> 01:05:52,682 a huge amount of positive things, 1488 01:05:52,716 --> 01:05:56,286 whether that's helping to identify and cure diseases, 1489 01:05:56,320 --> 01:05:59,089 to help cars drive more safely, 1490 01:05:59,123 --> 01:06:01,091 to help keep our communities safe, 1491 01:06:01,125 --> 01:06:03,127 are there going to be issues along the way? 1492 01:06:03,160 --> 01:06:04,361 Of course there are. 1493 01:06:04,394 --> 01:06:06,663 No technology comes out fully formed, 1494 01:06:06,696 --> 01:06:09,466 and we need the pioneers to be able to go work on this 1495 01:06:09,499 --> 01:06:11,801 and get to the state that we want. 1496 01:06:15,139 --> 01:06:16,640 I do think it's very healthy 1497 01:06:16,673 --> 01:06:20,344 that we have such technology giants 1498 01:06:20,377 --> 01:06:22,179 fighting it out publicly, 1499 01:06:22,212 --> 01:06:24,348 so that we can all form an opinion about it. 1500 01:06:24,381 --> 01:06:27,284 It's a spectator sport now for the rest of us. 1501 01:06:27,317 --> 01:06:29,353 Mark Zuckerberg sees Elon as a naysayer 1502 01:06:29,386 --> 01:06:32,856 and someone who's trying to stop the development of AI. 1503 01:06:32,889 --> 01:06:34,958 I can see both sides of the argument. 1504 01:06:34,991 --> 01:06:37,527 I'd probably slide slightly with Mark Zuckerberg 1505 01:06:37,561 --> 01:06:39,829 in the sense that I think we will be able to control AI 1506 01:06:39,863 --> 01:06:42,399 enough to keep humanity safe. 1507 01:06:42,432 --> 01:06:44,401 I wouldn't bet against Elon. 1508 01:06:44,434 --> 01:06:47,003 You know if Elon thinks that AI is gonna take over 1509 01:06:47,037 --> 01:06:48,172 and eventually decide 1510 01:06:48,205 --> 01:06:51,075 that us irrational humans are unnecessary, 1511 01:06:51,108 --> 01:06:52,309 I would trust him. 1512 01:06:52,342 --> 01:06:54,511 You know, he hasn't been wrong about a lot. 1513 01:06:54,544 --> 01:06:57,481 The debate is either it's a good thing, we must do it. 1514 01:06:57,514 --> 01:07:01,385 It's a bad thing, but we still must do it in another way. 1515 01:07:01,418 --> 01:07:04,188 We should stop doing it immediately 1516 01:07:04,221 --> 01:07:07,991 before the line is crossed where humanity is no more. 1517 01:07:08,024 --> 01:07:09,025 We need policies. 1518 01:07:09,059 --> 01:07:10,760 We need to start thinking, 1519 01:07:10,794 --> 01:07:14,631 what is a good application of BCI and what is not. 1520 01:07:15,799 --> 01:07:18,335 We need to be the one with the control, 1521 01:07:18,368 --> 01:07:19,903 being able to push a button, 1522 01:07:19,936 --> 01:07:21,905 and disable the AI at any moment. 1523 01:07:23,640 --> 01:07:25,509 Artificial intelligence can generate 1524 01:07:25,542 --> 01:07:27,511 quite successful content, 1525 01:07:27,544 --> 01:07:30,180 however, rather than replacing humans, 1526 01:07:30,214 --> 01:07:32,549 I'd prefer to see us working together. 1527 01:07:32,582 --> 01:07:36,220 We both bring unique skills and talents to the table. 1528 01:07:36,253 --> 01:07:37,521 There's gonna be a difference 1529 01:07:37,554 --> 01:07:39,289 between what's doable and what's acceptable, 1530 01:07:39,323 --> 01:07:42,526 and this is something that Elon is not gonna decide, 1531 01:07:42,559 --> 01:07:44,027 this is not something that Mark Zuckerberg 1532 01:07:44,060 --> 01:07:45,862 is not gonna decide. 1533 01:07:45,895 --> 01:07:48,265 This is you and I and everybody else, 1534 01:07:48,298 --> 01:07:50,134 and hopefully that will be translated 1535 01:07:50,167 --> 01:07:52,169 eventually into a legislation. 1536 01:07:53,137 --> 01:07:56,140 [suspenseful music] 1537 01:07:57,073 --> 01:07:58,475 [Narrator] Elon Musk's assertion 1538 01:07:58,508 --> 01:08:02,112 that we're likely to be living in a simulated reality 1539 01:08:02,146 --> 01:08:05,582 has popularized a theory debated by philosophers, 1540 01:08:05,615 --> 01:08:08,885 and now gaining supporters in Silicon Valley. 1541 01:08:08,918 --> 01:08:10,387 Elon Musk has said 1542 01:08:10,420 --> 01:08:13,957 that we're living in some kind of computer, 3D simulation. 1543 01:08:13,990 --> 01:08:15,992 I don't know if that means we're in The Matrix, 1544 01:08:16,025 --> 01:08:17,927 or some kind of a matrix. 1545 01:08:17,961 --> 01:08:22,232 And you know, as as bizarre and crazy as that sounds. 1546 01:08:22,266 --> 01:08:24,234 Elon has been saying bizarre and crazy things 1547 01:08:24,268 --> 01:08:27,237 that turned out to be true for a long time now, 1548 01:08:27,271 --> 01:08:30,807 so, I would say um, maybe. 1549 01:08:30,840 --> 01:08:32,809 Well, you never know do you? 1550 01:08:32,842 --> 01:08:35,979 Well, disprove it, we can't disprove it. 1551 01:08:36,012 --> 01:08:38,081 We could be of a lower intelligence, 1552 01:08:38,114 --> 01:08:39,649 and there could be another species 1553 01:08:39,683 --> 01:08:42,852 far, far, far more intelligent than us 1554 01:08:42,886 --> 01:08:45,422 and they're almost playing God with us. 1555 01:08:45,455 --> 01:08:47,257 It sounds ridiculous to say something like that, 1556 01:08:47,291 --> 01:08:49,259 but we don't know much. 1557 01:08:49,293 --> 01:08:51,761 We've barely left our own planet. 1558 01:08:51,795 --> 01:08:53,463 I felt like what he was saying was, 1559 01:08:53,497 --> 01:08:56,099 that this is not base reality. 1560 01:08:56,132 --> 01:08:58,835 And so, I would agree with him on that front. 1561 01:08:58,868 --> 01:09:01,004 You get labeled crazy because you're pushing 1562 01:09:01,037 --> 01:09:04,107 the boundaries of what people expect. 1563 01:09:04,140 --> 01:09:07,544 He's coming at it from a scientific perspective, 1564 01:09:07,577 --> 01:09:10,847 but that idea, that there's only one true reality, 1565 01:09:10,880 --> 01:09:13,817 and this isn't it, is actually the underpinnings 1566 01:09:13,850 --> 01:09:16,953 of all the ancient religions of the world. 1567 01:09:16,986 --> 01:09:18,722 All of those point to exactly 1568 01:09:18,755 --> 01:09:20,324 the same thing that he's saying, 1569 01:09:20,357 --> 01:09:22,359 so I'm with him. 1570 01:09:22,926 --> 01:09:25,128 I've been saying in my books, 1571 01:09:25,161 --> 01:09:27,897 for a lot longer than Elon Musk, 1572 01:09:27,931 --> 01:09:33,403 that we live in the equivalent of a massively advanced 1573 01:09:33,437 --> 01:09:36,673 virtual reality computer game, in the end. 1574 01:09:37,841 --> 01:09:44,581 And when you look at the evidence, it is overwhelming, 1575 01:09:44,614 --> 01:09:47,351 certainly immensely compelling, 1576 01:09:47,384 --> 01:09:49,686 and this is why not just Elon Musk, 1577 01:09:49,719 --> 01:09:51,755 many scientists now are coming out and saying, 1578 01:09:51,788 --> 01:09:53,823 actually it does look like that. 1579 01:09:53,857 --> 01:09:55,091 Ultimately for me it seems 1580 01:09:55,124 --> 01:09:56,826 to be a bit of an in-proveable theory. 1581 01:09:56,860 --> 01:09:59,329 I mean how are we going to prove 1582 01:09:59,363 --> 01:10:01,998 that we're living in a simulation, I don't know. 1583 01:10:02,031 --> 01:10:04,167 Don't discount his wacko ideas, 1584 01:10:04,200 --> 01:10:09,105 because suddenly they do pop up in one shape or another, 1585 01:10:09,138 --> 01:10:11,675 but I'm not sure about that one, heh. 1586 01:10:11,708 --> 01:10:14,611 I think we need to see more meat on the bone on that one. 1587 01:10:14,644 --> 01:10:16,946 I think it's interesting that 1588 01:10:16,980 --> 01:10:19,416 Musk is able to put something like that out there 1589 01:10:19,449 --> 01:10:22,051 and show that what others might consider 1590 01:10:22,085 --> 01:10:23,520 a bit of a ridiculous thought, 1591 01:10:23,553 --> 01:10:25,922 or might be worried about being ridiculed for, 1592 01:10:25,955 --> 01:10:28,392 he's actually giving serious thought to, 1593 01:10:28,425 --> 01:10:30,694 and I think what Musk is always looking to do 1594 01:10:30,727 --> 01:10:33,062 is to foster a discussion. 1595 01:10:35,332 --> 01:10:36,533 [horns honking] 1596 01:10:36,566 --> 01:10:38,134 [Narrator] Inspired by frustrations 1597 01:10:38,167 --> 01:10:40,103 of sitting in a traffic jam, 1598 01:10:40,136 --> 01:10:43,407 Musk's solution was The Boring Company. 1599 01:10:43,440 --> 01:10:47,477 In 2018, the company was selected to build a high speed 1600 01:10:47,511 --> 01:10:51,114 underground transportation system in Chicago. 1601 01:10:51,147 --> 01:10:54,050 I would like to thank the Mayor and the Mayor's Office, 1602 01:10:54,083 --> 01:10:56,085 and the city of Chicago for having the faith 1603 01:10:56,119 --> 01:10:58,622 to bet on The Boring Company. 1604 01:11:00,424 --> 01:11:03,293 We think we're gonna really be very good at boring. 1605 01:11:03,327 --> 01:11:04,828 [audience laughing] 1606 01:11:04,861 --> 01:11:06,663 You could almost say that Elon has the Midas touch, 1607 01:11:06,696 --> 01:11:09,065 because when he started The Boring Company, 1608 01:11:09,098 --> 01:11:11,601 which is really about boring under the Earth 1609 01:11:11,635 --> 01:11:13,136 as opposed to being dull, 1610 01:11:13,169 --> 01:11:16,072 he actually started selling baseball caps online 1611 01:11:16,105 --> 01:11:17,341 before he did anything else, 1612 01:11:17,374 --> 01:11:19,108 and literally made a million dollars. 1613 01:11:19,142 --> 01:11:21,411 You know, this is a guy who everything he touches 1614 01:11:21,445 --> 01:11:22,579 turns to gold. 1615 01:11:22,612 --> 01:11:24,080 He's kept us all interested 1616 01:11:24,113 --> 01:11:26,683 because he's started tweeting out 1617 01:11:26,716 --> 01:11:29,118 offers of hats and flamethrowers. 1618 01:11:29,152 --> 01:11:30,086 We were all interested to see 1619 01:11:30,119 --> 01:11:31,688 what was gonna happen with it. 1620 01:11:31,721 --> 01:11:33,757 This is a difficult thing that we're doing. 1621 01:11:33,790 --> 01:11:35,091 It's a hard thing. 1622 01:11:35,124 --> 01:11:36,125 It's a new thing. 1623 01:11:37,694 --> 01:11:42,699 And you, know I'd hope that you'd cheer us on for this, 1624 01:11:43,567 --> 01:11:45,268 you know, because if we succeed, 1625 01:11:45,301 --> 01:11:47,303 it's gonna be a great thing for the city, 1626 01:11:47,337 --> 01:11:49,673 and if we if we fail, well, 1627 01:11:49,706 --> 01:11:53,510 I guess me and others will lose a bunch of money. 1628 01:11:53,543 --> 01:11:55,379 [epic music] 1629 01:11:55,412 --> 01:11:56,446 Elon Musk is one of the great 1630 01:11:56,480 --> 01:11:59,048 engineering minds of our time. 1631 01:11:59,082 --> 01:12:00,450 He is one of the greatest business leaders 1632 01:12:00,484 --> 01:12:02,452 and entrepreneurs of our time, 1633 01:12:02,486 --> 01:12:05,221 and he is one of the great visionaries of our time. 1634 01:12:07,924 --> 01:12:09,659 Elon will be remembered as one of the guys 1635 01:12:09,693 --> 01:12:13,963 who was unafraid to say, what else? 1636 01:12:13,997 --> 01:12:17,033 I think his greatest achievement is inspiring humanity 1637 01:12:17,066 --> 01:12:19,736 to think bigger, to dream bigger. 1638 01:12:19,769 --> 01:12:22,205 In a world where there's so many problems, 1639 01:12:22,238 --> 01:12:25,141 isn't it nice to have a positive story occasionally? 1640 01:12:25,174 --> 01:12:27,411 We're all sort of just sitting back and watching 1641 01:12:27,444 --> 01:12:28,778 what's gonna come out next. 1642 01:12:30,514 --> 01:12:33,216 [dramatic music] 129500

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