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These are the user uploaded subtitles that are being translated: 1 00:00:23,314 --> 00:00:25,021 I do need to warn you of something. 2 00:00:25,025 --> 00:00:27,356 I actually don't have a valid driver's license, 3 00:00:27,360 --> 00:00:28,983 and the car is not registered, 4 00:00:28,987 --> 00:00:31,027 and they canceled my insurance, 5 00:00:31,031 --> 00:00:33,029 so this is a little risky. 6 00:00:33,033 --> 00:00:35,990 Most people are confused when you do illegal things, 7 00:00:35,994 --> 00:00:39,452 so they just kind of sit there, and they don't move. 8 00:00:39,456 --> 00:00:41,916 But we have this green arrow... 9 00:00:44,878 --> 00:00:48,961 Followed by this green arrow... 10 00:00:48,965 --> 00:00:53,345 followed by this green light. 11 00:00:56,556 --> 00:00:58,471 One of the reasons why we're in a car right now 12 00:00:58,475 --> 00:01:00,056 and not having a glass of wine 13 00:01:00,060 --> 00:01:01,474 with a whole bunch of fun people 14 00:01:01,478 --> 00:01:02,600 is because I am trying to hire 15 00:01:02,604 --> 00:01:04,477 one of the cofounders of SpaceX 16 00:01:04,481 --> 00:01:06,062 and create a company that will succeed 17 00:01:06,066 --> 00:01:10,316 beyond the wildest dreams of the other companies 18 00:01:10,320 --> 00:01:12,530 that they used to work for. 19 00:01:16,201 --> 00:01:18,157 If we get good at this, 20 00:01:18,161 --> 00:01:21,369 we'll change the way people think about space. 21 00:01:21,373 --> 00:01:24,872 Five, four, three, 22 00:01:24,876 --> 00:01:27,712 two, one. 23 00:01:30,256 --> 00:01:31,841 We have liftoff. 24 00:01:35,095 --> 00:01:36,592 Yeah! 25 00:01:36,596 --> 00:01:37,972 Fuck, yeah. 26 00:01:45,146 --> 00:01:48,441 Caution on 5. 27 00:01:56,866 --> 00:01:58,572 Shit. 28 00:01:58,576 --> 00:02:01,409 You've heard about the billionaire space race. 29 00:02:01,413 --> 00:02:03,248 This isn't that movie. 30 00:02:07,836 --> 00:02:09,583 What a lot of people don't realize 31 00:02:09,587 --> 00:02:12,841 is that we're in the midst of a revolution in space. 32 00:02:15,677 --> 00:02:17,591 It's like the Wild West. 33 00:02:17,595 --> 00:02:20,761 It's a quest for power, a celestial land grab 34 00:02:20,765 --> 00:02:22,972 that's taking place in the sliver of space 35 00:02:22,976 --> 00:02:26,771 just over our heads called low Earth orbit. 36 00:02:29,816 --> 00:02:31,856 This is a film about powerful satellites 37 00:02:31,860 --> 00:02:35,026 and the rockets that carry them into orbit. 38 00:02:35,030 --> 00:02:37,737 And in short order, the fabric of the modern world 39 00:02:37,741 --> 00:02:39,909 will be controlled by a select few. 40 00:02:43,079 --> 00:02:45,953 This isn't your usual cast of characters. 41 00:02:45,957 --> 00:02:49,415 We have a slick Silicon Valley entrepreneur, 42 00:02:49,419 --> 00:02:51,250 a genius engineer, 43 00:02:51,254 --> 00:02:54,549 and a space hippie trying to save the world. 44 00:02:56,384 --> 00:02:58,257 No one knows if any of this will work 45 00:02:58,261 --> 00:03:00,343 or where any of this is going. 46 00:03:00,347 --> 00:03:03,516 But there is a lot of money to be made up there. 47 00:03:07,062 --> 00:03:08,851 Nothing's riding on this, 48 00:03:08,855 --> 00:03:11,979 except things like our right to privacy 49 00:03:11,983 --> 00:03:15,403 and the power of the world falling into the wrong hands. 50 00:03:17,864 --> 00:03:20,946 And whoever controls space 51 00:03:20,950 --> 00:03:24,788 may very well control the future of humanity. 52 00:03:44,140 --> 00:03:45,554 My name is Chris Kemp. 53 00:03:45,558 --> 00:03:49,141 I am the cofounder and CEO of Astra Space, 54 00:03:49,145 --> 00:03:52,061 and most people don't know that 55 00:03:52,065 --> 00:03:54,484 because we're very quiet about what we're doing. 56 00:03:58,071 --> 00:04:00,699 So I run a secret rocket company. 57 00:04:02,575 --> 00:04:06,075 Astra's mission statement is simply daily launch. 58 00:04:06,079 --> 00:04:08,661 What we're trying to do is very quietly build NASA 59 00:04:08,665 --> 00:04:13,374 at 1/1,000,000 the budget, in 1/100 time, 60 00:04:13,378 --> 00:04:15,251 here in Silicon Valley. 61 00:04:15,255 --> 00:04:16,877 The city actually came by, and they said, 62 00:04:16,881 --> 00:04:18,754 "You can't put up a razor-wire fence." 63 00:04:18,758 --> 00:04:20,214 - Really? - Yeah. And... 64 00:04:20,218 --> 00:04:22,466 - So we doubled down? - I totally doubled down. 65 00:04:22,470 --> 00:04:23,926 I put, like, razor wire everywhere. 66 00:04:23,930 --> 00:04:25,678 And they're like, "You can't do this." 67 00:04:25,682 --> 00:04:27,847 I'm like, "North Korea." They're like, "What?" 68 00:04:27,851 --> 00:04:29,640 And I'm like, "North Korea." 69 00:04:29,644 --> 00:04:33,686 Chris is this living embodiment of Silicon Val... 70 00:04:33,690 --> 00:04:37,481 he's Silicon Valley brought to life in a human form. 71 00:04:37,485 --> 00:04:38,858 How are you? 72 00:04:38,862 --> 00:04:42,194 He is very driven. 73 00:04:42,198 --> 00:04:44,196 You're the founders and the CEOs of businesses 74 00:04:44,200 --> 00:04:45,823 that are leading the revolution. 75 00:04:45,827 --> 00:04:47,324 Fantastic. 76 00:04:47,328 --> 00:04:49,660 Yes, he wants to get a rocket to space. 77 00:04:49,664 --> 00:04:51,704 But he wants to be seen as a success, 78 00:04:51,708 --> 00:04:55,082 and he wants the world to see him as a success 79 00:04:55,086 --> 00:04:58,548 and will stop at almost nothing to make that happen. 80 00:05:02,427 --> 00:05:04,759 I've been a longtime technology journalist. 81 00:05:04,763 --> 00:05:06,135 Worked at "The New York Times," 82 00:05:06,139 --> 00:05:07,511 "The Economist." 83 00:05:07,515 --> 00:05:11,015 Stumbled into space just by reporting on SpaceX. 84 00:05:11,019 --> 00:05:14,393 At the time, people thought Elon was just some crazy kid 85 00:05:14,397 --> 00:05:16,937 who'd sold his tech company for millions of dollars 86 00:05:16,941 --> 00:05:19,231 so he could go build a rocket. 87 00:05:19,235 --> 00:05:21,150 How much did you know about the space business 88 00:05:21,154 --> 00:05:23,944 - before you got into it? - Not very much. 89 00:05:23,948 --> 00:05:27,531 Pretty much everyone thought SpaceX was a total joke. 90 00:05:27,535 --> 00:05:30,951 Three, two, one. 91 00:05:30,955 --> 00:05:33,746 And liftoff. 92 00:05:33,750 --> 00:05:36,666 An American company blasts off into the history books. 93 00:05:36,670 --> 00:05:38,793 SpaceX has launched the first privately funded 94 00:05:38,797 --> 00:05:41,671 rocket into space. 95 00:05:41,675 --> 00:05:43,130 For Elon, it was like, 96 00:05:43,134 --> 00:05:45,174 "Let's turn space into a business. 97 00:05:45,178 --> 00:05:47,426 "I'm going to build hundreds and hundreds of rockets 98 00:05:47,430 --> 00:05:49,970 "and thousands and thousands of satellites 99 00:05:49,974 --> 00:05:53,683 and make this into a real industry." 100 00:05:53,687 --> 00:05:56,727 So I end up writing the first biography on Elon. 101 00:05:56,731 --> 00:05:59,146 - How'd he like the book? - How did he like the book? 102 00:05:59,150 --> 00:06:01,820 He said he was gonna, like, destroy my life. 103 00:06:04,864 --> 00:06:06,282 But we talk now. 104 00:06:08,910 --> 00:06:11,617 Right after I finished the book, I'm looking around. 105 00:06:11,621 --> 00:06:13,786 I realize there's a lot of people 106 00:06:13,790 --> 00:06:17,039 that want to be like Elon Musk all of a sudden. 107 00:06:17,043 --> 00:06:20,584 This kicks off this worldwide revolution 108 00:06:20,588 --> 00:06:22,628 in space. 109 00:06:22,632 --> 00:06:27,466 This was capitalist investors, welders from Texas, 110 00:06:27,470 --> 00:06:30,845 military people, like, dudes with mohawks, 111 00:06:30,849 --> 00:06:33,977 not whatever most people's image of space was. 112 00:06:36,521 --> 00:06:40,521 The era of governments controlling this stuff is over. 113 00:06:40,525 --> 00:06:42,815 Companies control this. 114 00:06:42,819 --> 00:06:45,693 Governments, regulators are not equipped 115 00:06:45,697 --> 00:06:48,616 to deal with the speed at which things are going. 116 00:06:50,118 --> 00:06:51,782 There's not a lot of regulation, 117 00:06:51,786 --> 00:06:53,534 not a lot of laws, not a lot of, you know, 118 00:06:53,538 --> 00:06:55,453 governance that exists there. 119 00:06:55,457 --> 00:06:57,788 And I think that's the opportunity right now, 120 00:06:57,792 --> 00:06:59,415 because if you can get there first, 121 00:06:59,419 --> 00:07:01,417 you can have a seat at the table 122 00:07:01,421 --> 00:07:04,420 at defining the laws that will govern space. 123 00:07:04,424 --> 00:07:06,714 Whoever gets the rocket there first, 124 00:07:06,718 --> 00:07:10,593 whoever fills the sky with satellites first wins. 125 00:07:10,597 --> 00:07:12,098 It's a race. 126 00:07:14,642 --> 00:07:16,140 There's a big question about, 127 00:07:16,144 --> 00:07:21,187 how many small rocket providers can be profitable? 128 00:07:21,191 --> 00:07:23,647 The most prominent one, of course, 129 00:07:23,651 --> 00:07:27,322 is New Zealand's Rocket Lab, led by Peter Beck. 130 00:07:41,544 --> 00:07:43,376 These are some engines that have just come 131 00:07:43,380 --> 00:07:45,461 off the 3D printer. 132 00:07:45,465 --> 00:07:47,088 Yeah, it's pretty cool, eh? 133 00:07:47,092 --> 00:07:50,299 This is an electron launch vehicle. 134 00:07:50,303 --> 00:07:51,842 This is obviously the hot end. 135 00:07:51,846 --> 00:07:53,761 These are all the Rutherford engines. 136 00:07:53,765 --> 00:07:55,638 All gimbal around. 137 00:07:55,642 --> 00:07:59,350 But you should get your camera here to, like, see the... 138 00:07:59,354 --> 00:08:01,352 Even though you're in the guts of the rocket here, 139 00:08:01,356 --> 00:08:03,521 I think it's important to point this out. 140 00:08:03,525 --> 00:08:05,648 As you'll see, these cable ties 141 00:08:05,652 --> 00:08:07,692 are all equally spaced, you know? 142 00:08:07,696 --> 00:08:09,735 All of the nibs are pointing up. 143 00:08:09,739 --> 00:08:12,196 The margin for error here is zero. 144 00:08:12,200 --> 00:08:14,156 We often get accused of building Ferraris. 145 00:08:14,160 --> 00:08:16,117 But... 146 00:08:16,121 --> 00:08:18,577 you know... 147 00:08:18,581 --> 00:08:22,335 if it falls out of the sky, at least it's beautiful. 148 00:08:25,797 --> 00:08:29,338 We are doing something that is historic for New Zealand. 149 00:08:29,342 --> 00:08:31,173 All right, everybody get down. 150 00:08:31,177 --> 00:08:34,055 Three, two, one. 151 00:08:35,598 --> 00:08:37,892 Off top! 152 00:08:39,561 --> 00:08:42,268 That's what you call a hard start, everybody. 153 00:08:42,272 --> 00:08:44,145 I battled with, for many, many years, 154 00:08:44,149 --> 00:08:47,940 the stigma of, like, a crazy guy 155 00:08:47,944 --> 00:08:49,942 building rockets in New Zealand. 156 00:08:49,946 --> 00:08:53,320 You know, I started Rocket Lab in 2006. 157 00:08:53,324 --> 00:08:55,364 To be brutally honest with you, if you asked me 158 00:08:55,368 --> 00:08:58,284 who Elon Musk was, I wouldn't have had a clue. 159 00:08:58,288 --> 00:09:01,287 You could not have a more unlikely background 160 00:09:01,291 --> 00:09:04,540 for somebody starting a rocket company... 161 00:09:04,544 --> 00:09:05,666 a kid who grew up, 162 00:09:05,670 --> 00:09:07,626 the southernmost point of New Zealand. 163 00:09:07,630 --> 00:09:09,879 The next stop is Antarctica. 164 00:09:09,883 --> 00:09:13,007 There's really hardly anything there. 165 00:09:13,011 --> 00:09:14,633 In the world of commercial space, 166 00:09:14,637 --> 00:09:16,594 you're supposed to have a aerospace degree 167 00:09:16,598 --> 00:09:19,388 and some sort of pedigree, or you have to be really rich. 168 00:09:19,392 --> 00:09:21,182 Peter was neither of these things. 169 00:09:21,186 --> 00:09:24,060 You haven't studied at university in any way? 170 00:09:24,064 --> 00:09:25,394 No. No, no. 171 00:09:25,398 --> 00:09:27,688 And what would be one of the best pieces of advice 172 00:09:27,692 --> 00:09:29,940 that you could give to other entrepreneurs 173 00:09:29,944 --> 00:09:32,276 that really want to push their idea out? 174 00:09:32,280 --> 00:09:33,986 Don't talk about it. Just do it. 175 00:09:33,990 --> 00:09:35,404 Just get off your ass and do it. 176 00:09:35,408 --> 00:09:37,615 Need to get that into a fridge quick. 177 00:09:37,619 --> 00:09:38,783 Can someone open the door? 178 00:09:38,787 --> 00:09:40,910 He's, like, this possessed mad scientist. 179 00:09:40,914 --> 00:09:42,453 And the rest of them? 180 00:09:42,457 --> 00:09:44,705 Quick, quick, quick. Quick, quick, quick, quick. 181 00:09:44,709 --> 00:09:46,415 I started building a rocket engine. 182 00:09:46,419 --> 00:09:48,668 I test-fired it a couple of times. 183 00:09:48,672 --> 00:09:51,587 But to really evaluate, you know, how good it was, 184 00:09:51,591 --> 00:09:54,048 I felt like I needed to ride it. 185 00:09:54,052 --> 00:09:55,800 So I started building a bike 186 00:09:55,804 --> 00:09:59,178 around the rocket engine. 187 00:09:59,182 --> 00:10:01,597 I've never felt anything as good 188 00:10:01,601 --> 00:10:03,599 as a rocket-powered vehicle. 189 00:10:03,603 --> 00:10:05,643 I've been supersonic in a fighter jet. 190 00:10:05,647 --> 00:10:07,603 That was good. Wasn't as good as the rocket bike. 191 00:10:07,607 --> 00:10:09,063 I built the rocket pack. 192 00:10:09,067 --> 00:10:11,023 And I was thinking, let's get some rollerblades 193 00:10:11,027 --> 00:10:12,566 to try this thing on. 194 00:10:12,570 --> 00:10:15,444 In order to play in this game, there's a lot of risk. 195 00:10:15,448 --> 00:10:19,744 So, if you don't like risk, you're not gonna like this. 196 00:10:22,122 --> 00:10:24,078 "Falcon 9's" an incredible machine, 197 00:10:24,082 --> 00:10:27,707 but it's a big rocket designed to take big payloads. 198 00:10:27,711 --> 00:10:30,668 Companies like Rocket Lab and Astra 199 00:10:30,672 --> 00:10:33,045 are committed to making small rockets 200 00:10:33,049 --> 00:10:35,589 that can take small satellites for less money 201 00:10:35,593 --> 00:10:38,759 and then undercut SpaceX on price. 202 00:10:38,763 --> 00:10:40,636 What do you think of Rocket Lab? 203 00:10:40,640 --> 00:10:42,763 What do I think of Rocket Lab? 204 00:10:42,767 --> 00:10:44,890 Rocket Lab is a company that has approached this 205 00:10:44,894 --> 00:10:47,393 in a very traditional way. 206 00:10:47,397 --> 00:10:49,854 The rocket in itself is a very high-performance machine. 207 00:10:49,858 --> 00:10:51,860 But it's expensive to build. 208 00:10:53,903 --> 00:10:56,986 We're more like a Ford, a much more low-cost, 209 00:10:56,990 --> 00:10:59,321 mass-produced, high-volume product. 210 00:10:59,325 --> 00:11:01,407 I absolutely love how light this thing is. 211 00:11:01,411 --> 00:11:04,994 If Peter's not right, Peter loses. 212 00:11:04,998 --> 00:11:08,289 If I'm not right, then I adapt. 213 00:11:08,293 --> 00:11:10,583 I'm not built to build shit. 214 00:11:10,587 --> 00:11:12,376 If someone wants to build a rocket 215 00:11:12,380 --> 00:11:14,086 that throws things into orbit, 216 00:11:14,090 --> 00:11:17,089 that's super rough, super inaccurate, 217 00:11:17,093 --> 00:11:18,799 and that's what the market needs, 218 00:11:18,803 --> 00:11:20,009 let them win. 219 00:11:20,013 --> 00:11:22,265 But I'm not built to build shit. 220 00:11:24,059 --> 00:11:26,640 There has to be something fundamentally different 221 00:11:26,644 --> 00:11:28,309 about how we approach the problem. 222 00:11:28,313 --> 00:11:30,895 If we're gonna catch up and then pass Rocket Lab 223 00:11:30,899 --> 00:11:32,188 and then build something 224 00:11:32,192 --> 00:11:34,357 which is ultimately competitive with SpaceX... 225 00:11:34,361 --> 00:11:35,399 Sweet! 226 00:11:35,403 --> 00:11:37,781 We have to be a lot better than everyone else. 227 00:11:39,824 --> 00:11:41,989 At the end of the day, it's about how many satellites 228 00:11:41,993 --> 00:11:44,704 we can deliver into space. 229 00:11:50,210 --> 00:11:54,627 Most people don't appreciate how much of their lives 230 00:11:54,631 --> 00:11:57,713 has space technology underlying it. 231 00:11:57,717 --> 00:12:00,675 The fabric of our civilization 232 00:12:00,679 --> 00:12:03,803 runs on satellites... 233 00:12:03,807 --> 00:12:05,721 from package-delivery tracking, 234 00:12:05,725 --> 00:12:08,808 GPS, tomorrow's weather forecast, 235 00:12:08,812 --> 00:12:10,351 internet delivery. 236 00:12:10,355 --> 00:12:12,144 Elon Musk's Starlink wants to send 237 00:12:12,148 --> 00:12:13,562 more than 40,000 satellites 238 00:12:13,566 --> 00:12:15,564 into space in the coming years. 239 00:12:15,568 --> 00:12:18,776 In the previous world that existed for decades, 240 00:12:18,780 --> 00:12:22,154 we'd managed to put up 2,500 satellites. 241 00:12:22,158 --> 00:12:25,408 From 2020 to 2023, 242 00:12:25,412 --> 00:12:27,368 that number went to about 8,000. 243 00:12:27,372 --> 00:12:29,161 Thousands of connected satellites 244 00:12:29,165 --> 00:12:31,122 that can do revolutionary things 245 00:12:31,126 --> 00:12:35,251 like bring broadband services to millions, track refugees, 246 00:12:35,255 --> 00:12:37,044 and fight climate change, while spotting storms 247 00:12:37,048 --> 00:12:39,922 before they get to catastrophic levels. 248 00:12:39,926 --> 00:12:43,342 This is not gonna stop. We are going to 100,000. 249 00:12:43,346 --> 00:12:46,387 In about 10 years, a lot of people can make 250 00:12:46,391 --> 00:12:48,681 a good argument we'll go to 200,000. 251 00:12:48,685 --> 00:12:51,392 This is moving so much faster 252 00:12:51,396 --> 00:12:54,020 than what had existed for the 60 years before. 253 00:12:54,024 --> 00:12:57,277 The world is not fully prepared for it. 254 00:13:04,826 --> 00:13:07,533 He believes that we can do better 255 00:13:07,537 --> 00:13:10,619 and go faster by getting smaller, 256 00:13:10,623 --> 00:13:12,705 and thus introduced flocks of tiny Doves 257 00:13:12,709 --> 00:13:15,249 which today have revolutionized 258 00:13:15,253 --> 00:13:18,465 the entire Earth observation industry. 259 00:13:20,258 --> 00:13:23,674 Will Marshall, cofounder and CEO of Planet, 260 00:13:23,678 --> 00:13:26,761 needs no introduction. 261 00:13:26,765 --> 00:13:29,638 The space renaissance is not about escaping 262 00:13:29,642 --> 00:13:32,141 off to Mars with billionaire space tourists. 263 00:13:32,145 --> 00:13:36,228 This space renaissance is really about 264 00:13:36,232 --> 00:13:39,648 how we can advance our ability to take care of the Earth. 265 00:13:39,652 --> 00:13:42,276 People have been talking about the potential 266 00:13:42,280 --> 00:13:45,154 of small satellites for decades. 267 00:13:45,158 --> 00:13:48,032 Planet was the first company 268 00:13:48,036 --> 00:13:50,743 to show that that could really be done. 269 00:13:50,747 --> 00:13:53,913 From these pictures from space, 270 00:13:53,917 --> 00:13:55,456 we don't see borders. 271 00:13:55,460 --> 00:14:00,211 We're giving humanity a mirror to look back at itself. 272 00:14:00,215 --> 00:14:01,545 When I look at companies like Planet, 273 00:14:01,549 --> 00:14:03,422 these are mechanisms 274 00:14:03,426 --> 00:14:07,051 to implement the future that we're trying to build. 275 00:14:07,055 --> 00:14:08,886 We're all kind of in this together 276 00:14:08,890 --> 00:14:12,765 to do something really, really significant. 277 00:14:12,769 --> 00:14:14,266 Will and I met in college, 278 00:14:14,270 --> 00:14:17,395 and he was breezing his way through his master's 279 00:14:17,399 --> 00:14:19,397 in space science and technology. 280 00:14:19,401 --> 00:14:22,024 And it was pretty clear he was a genius 281 00:14:22,028 --> 00:14:24,276 and super fun to hang out with. 282 00:14:24,280 --> 00:14:26,153 I remember one of the first things we did was, 283 00:14:26,157 --> 00:14:28,114 we jumped in my convertible. 284 00:14:28,118 --> 00:14:31,450 He was driving around in his BMW Z3. 285 00:14:31,454 --> 00:14:33,619 Dropped out of university, as all the cool kids do, 286 00:14:33,623 --> 00:14:35,746 started a company. 287 00:14:35,750 --> 00:14:39,750 He was already a millionaire, and he was 21 years old. 288 00:14:39,754 --> 00:14:41,711 And I was like, who is this kid? 289 00:14:41,715 --> 00:14:43,295 And we became friends. 290 00:14:43,299 --> 00:14:45,214 I'm just gonna say it. 291 00:14:45,218 --> 00:14:46,594 You guys seem like an odd couple. 292 00:14:47,721 --> 00:14:50,177 I think... yes, we're odd. Yes, definitely. 293 00:14:50,181 --> 00:14:53,681 I'm a scientist, and he's a capitalist. 294 00:14:53,685 --> 00:14:55,266 And, in fact, he often says now 295 00:14:55,270 --> 00:14:56,851 he's converted me to be a capitalist. 296 00:14:56,855 --> 00:14:58,310 I'm like, no, no, no. 297 00:14:58,314 --> 00:15:01,981 At what point did you discover the idea of money? 298 00:15:01,985 --> 00:15:02,940 Pretty early on. 299 00:15:02,944 --> 00:15:04,400 - You're not looking... - Hey, Christopher. 300 00:15:04,404 --> 00:15:05,776 How's it going, dude? 301 00:15:05,780 --> 00:15:07,194 All right, man. 302 00:15:07,198 --> 00:15:09,655 I'm, like, in Beverly Hills right now. 303 00:15:09,659 --> 00:15:11,578 All these people are here to see me. 304 00:15:14,330 --> 00:15:16,328 My dad was a professor, and my mom was a teacher. 305 00:15:16,332 --> 00:15:18,831 And they were extremely frugal. 306 00:15:18,835 --> 00:15:22,084 It's king of the mountain! 307 00:15:22,088 --> 00:15:25,087 I don't really know anyone like me. 308 00:15:25,091 --> 00:15:26,922 I love "Star Trek." 309 00:15:26,926 --> 00:15:28,924 Because I have had little experience with emotion, 310 00:15:28,928 --> 00:15:31,886 I am unable to articulate the sensation. 311 00:15:31,890 --> 00:15:34,722 I would really connect with, like, the Data character. 312 00:15:34,726 --> 00:15:36,766 There was a period where I told kids at school 313 00:15:36,770 --> 00:15:38,017 that I was an android 314 00:15:38,021 --> 00:15:40,561 because that was just so much easier. 315 00:15:40,565 --> 00:15:42,480 I kind of created my own little... 316 00:15:42,484 --> 00:15:44,736 my own little world in my mind. 317 00:15:47,197 --> 00:15:48,277 I ended up realizing 318 00:15:48,281 --> 00:15:50,279 that if you could take something apart and fix it, 319 00:15:50,283 --> 00:15:52,490 you could sell it for more than what you paid for it. 320 00:15:52,494 --> 00:15:55,368 And so that became quite a hustle for me. 321 00:15:55,372 --> 00:15:58,204 So I made a ton of money just buying computers, 322 00:15:58,208 --> 00:15:59,872 fixing them, selling them. 323 00:15:59,876 --> 00:16:03,042 And that funded my lifestyle... 324 00:16:03,046 --> 00:16:04,339 as a nerd. 325 00:16:09,427 --> 00:16:11,926 We were having our New Year's party. 326 00:16:11,930 --> 00:16:14,178 This was kind of a young bunch of nerds. 327 00:16:14,182 --> 00:16:15,971 I remember a bunch of NASA stickers 328 00:16:15,975 --> 00:16:17,598 being plastered on people. 329 00:16:17,602 --> 00:16:20,976 And then this guy comes in 330 00:16:20,980 --> 00:16:23,562 who's clearly three times our age. 331 00:16:23,566 --> 00:16:26,023 And he just totally didn't fit in, you know? 332 00:16:26,027 --> 00:16:29,026 He's holding a martini glass, just cackling away at how, 333 00:16:29,030 --> 00:16:30,695 when he was running the Star Wars program, 334 00:16:30,699 --> 00:16:33,280 he would have the Darth Vader theme song play 335 00:16:33,284 --> 00:16:35,199 as people came into his office. 336 00:16:35,203 --> 00:16:37,493 And it's just, "Who is this guy?" 337 00:16:37,497 --> 00:16:39,412 It turns out that Will and Robbie had met him 338 00:16:39,416 --> 00:16:41,706 a few years earlier at this World Space Conference 339 00:16:41,710 --> 00:16:42,957 in Houston. 340 00:16:42,961 --> 00:16:45,626 There was this closed, invite-only session, 341 00:16:45,630 --> 00:16:48,212 and it was about military and space. 342 00:16:48,216 --> 00:16:50,798 So we stood outside 343 00:16:50,802 --> 00:16:53,050 and handed out these little flyers. 344 00:16:53,054 --> 00:16:55,849 "Peace in space. No space weapons." 345 00:16:57,517 --> 00:16:59,807 Later on that evening, we were in a bar, 346 00:16:59,811 --> 00:17:03,227 and we get introduced to Pete Worden. 347 00:17:03,231 --> 00:17:05,563 - All right. - Hop in the hot seat. 348 00:17:05,567 --> 00:17:08,607 - Hop in the hot seat. - That's you, sir. 349 00:17:08,611 --> 00:17:09,775 - I'm Pete. - It's a pleasure. 350 00:17:09,779 --> 00:17:10,818 Good to meet you. 351 00:17:10,822 --> 00:17:11,986 So many great stories about you. 352 00:17:11,990 --> 00:17:14,034 Great. Some of them are partially true. 353 00:17:16,327 --> 00:17:19,577 Pete Worden, the tech lead for SDI, 354 00:17:19,581 --> 00:17:21,787 which was the Strategic Defense Initiative. 355 00:17:21,791 --> 00:17:23,873 People usually know it as Star Wars. 356 00:17:23,877 --> 00:17:26,417 Spanning into space, a layered defense 357 00:17:26,421 --> 00:17:29,378 to protect the country from nuclear devastation. 358 00:17:29,382 --> 00:17:31,255 It was, like, Reagan's... "We're gonna surround 359 00:17:31,259 --> 00:17:33,841 "the world with a missile defense shield 360 00:17:33,845 --> 00:17:35,092 of space-based lasers." 361 00:17:35,096 --> 00:17:38,471 A friend of mine and I decided to have a drink. 362 00:17:38,475 --> 00:17:40,306 There was a bunch of young people 363 00:17:40,310 --> 00:17:42,391 sitting in the corner bemoaning the fact 364 00:17:42,395 --> 00:17:44,018 that there was space weapons. 365 00:17:44,022 --> 00:17:46,395 I said, "Who are the assholes?" 366 00:17:46,399 --> 00:17:48,064 "Do you think they know that Darth Vader 367 00:17:48,068 --> 00:17:49,273 is sitting right over here?" 368 00:17:49,277 --> 00:17:51,984 And then we had a massive argument in a pub. 369 00:17:51,988 --> 00:17:53,986 A friendly argument, mostly friendly. 370 00:17:53,990 --> 00:17:56,614 We were like, "Look, you can't put weapons in space. 371 00:17:56,618 --> 00:17:59,950 It's ethically a monstrous idea." 372 00:17:59,954 --> 00:18:01,702 And he was like, "We've got to do this 373 00:18:01,706 --> 00:18:02,912 "to protect American security. 374 00:18:02,916 --> 00:18:05,456 You don't understand what you're talking about." 375 00:18:05,460 --> 00:18:07,750 He wrote an email to me the next day saying, 376 00:18:07,754 --> 00:18:10,044 "Hey, I really enjoyed our conversation last night. 377 00:18:10,048 --> 00:18:12,421 "Why don't we write a paper together? 378 00:18:12,425 --> 00:18:14,090 "You write the cons, and I'll write 379 00:18:14,094 --> 00:18:15,591 "the pros of space weapons. 380 00:18:15,595 --> 00:18:17,551 And we'll hash it out." 381 00:18:17,555 --> 00:18:20,304 And we were like, who is this guy? 382 00:18:20,308 --> 00:18:22,431 I mean, he's a general in the U.S. Air Force 383 00:18:22,435 --> 00:18:25,351 in charge of, like, a billion-dollar-a-year 384 00:18:25,355 --> 00:18:28,604 space weapon program, and we're students. 385 00:18:28,608 --> 00:18:31,399 So we were like, well, might as well give it a shot. 386 00:18:31,403 --> 00:18:32,692 Sure. Why not? 387 00:18:32,696 --> 00:18:35,528 I mean, basically, we've met our mortal enemy. 388 00:18:35,532 --> 00:18:37,613 May as well try and persuade him 389 00:18:37,617 --> 00:18:39,532 not to do what he's doing. 390 00:18:39,536 --> 00:18:41,492 Pete Worden is not just someone 391 00:18:41,496 --> 00:18:43,411 with a passing interest in space. 392 00:18:43,415 --> 00:18:45,621 He's got a PhD in astrophysics. 393 00:18:45,625 --> 00:18:49,667 He's writing papers about the nature of stars. 394 00:18:49,671 --> 00:18:51,752 Well, I grew up during the Apollo program. 395 00:18:51,756 --> 00:18:53,212 It was really cool. 396 00:18:53,216 --> 00:18:54,380 I wanted to be an astronaut. 397 00:18:54,384 --> 00:18:56,298 I was a finalist once but didn't get selected. 398 00:18:56,302 --> 00:18:59,135 So I'm a little jealous of astronauts. 399 00:18:59,139 --> 00:19:00,428 Getting off the planet, 400 00:19:00,432 --> 00:19:02,221 expanding into the solar system 401 00:19:02,225 --> 00:19:04,390 and beyond is a driving force. 402 00:19:04,394 --> 00:19:05,599 It's my religion. 403 00:19:05,603 --> 00:19:06,809 You love this shit. 404 00:19:06,813 --> 00:19:08,185 I do love this shit. 405 00:19:08,189 --> 00:19:10,354 I'm a futurist, always have been and always will be. 406 00:19:10,358 --> 00:19:11,484 I guess that's... 407 00:19:24,039 --> 00:19:26,704 July 20, 1969... 408 00:19:26,708 --> 00:19:28,998 it is said that 500 million people 409 00:19:29,002 --> 00:19:31,250 gathered in TV sets around the world 410 00:19:31,254 --> 00:19:33,002 to wait for the first earthling 411 00:19:33,006 --> 00:19:34,337 to set foot on the moon. 412 00:19:34,341 --> 00:19:37,465 The kind of exploratory ventures we're talking about 413 00:19:37,469 --> 00:19:40,301 seem to me to be precisely the kind 414 00:19:40,305 --> 00:19:42,762 that are needed to re-establish 415 00:19:42,766 --> 00:19:44,930 a cosmic context for mankind. 416 00:19:44,934 --> 00:19:47,725 You know, in the '60s, 417 00:19:47,729 --> 00:19:50,186 NASA was incredibly innovative, 418 00:19:50,190 --> 00:19:52,563 launching new missions to the moon every couple months, 419 00:19:52,567 --> 00:19:54,152 trying new things. 420 00:19:55,904 --> 00:19:57,526 The brand was synonymous 421 00:19:57,530 --> 00:19:59,862 with exploring the solar system, 422 00:19:59,866 --> 00:20:01,697 and there was magic in that. 423 00:20:01,701 --> 00:20:03,032 It's the next frontier. 424 00:20:03,036 --> 00:20:05,785 And liftoff of "Atlantis" and the "Galileo" spacecraft, 425 00:20:05,789 --> 00:20:07,078 bound for Jupiter. 426 00:20:07,082 --> 00:20:08,788 NASA was incredibly exciting. 427 00:20:08,792 --> 00:20:10,706 Rock and roll, "Atlantis." 428 00:20:10,710 --> 00:20:13,417 I had a little space shuttle model that sat on my monitor 429 00:20:13,421 --> 00:20:14,585 for years and years and years. 430 00:20:14,589 --> 00:20:16,629 And I would look at that space shuttle and go, 431 00:20:16,633 --> 00:20:19,219 "I'm gonna work there one day. I'm gonna work there one day." 432 00:20:23,640 --> 00:20:26,222 I went to the United States for a month. 433 00:20:26,226 --> 00:20:28,140 I went on a bit of a rocket pilgrimage, really, 434 00:20:28,144 --> 00:20:30,309 and went and visited all these companies 435 00:20:30,313 --> 00:20:31,769 that I'd aspired to work for. 436 00:20:31,773 --> 00:20:34,313 You know, I was pitching them hard for a job. 437 00:20:34,317 --> 00:20:38,067 As a foreign national, no university education, 438 00:20:38,071 --> 00:20:40,528 no aerospace background, asking for a job 439 00:20:40,532 --> 00:20:41,908 wasn't gonna go well. 440 00:20:44,077 --> 00:20:46,075 My expectation of NASA 441 00:20:46,079 --> 00:20:49,203 was NASA from the Apollo era. 442 00:20:49,207 --> 00:20:52,248 The NASA that I had seen in the movies and had imagined 443 00:20:52,252 --> 00:20:55,167 was very, very different to the NASA that... 444 00:20:55,171 --> 00:20:57,503 that was actually there. 445 00:20:57,507 --> 00:21:00,506 I'm thinking, "Man, what the hell happened here?" 446 00:21:00,510 --> 00:21:02,299 It was terribly bureaucratic. 447 00:21:02,303 --> 00:21:05,636 It's very difficult to start innovative, new things 448 00:21:05,640 --> 00:21:08,222 because there's a lot of government inertia. 449 00:21:08,226 --> 00:21:10,599 It became a self-licking ice cream cone. 450 00:21:10,603 --> 00:21:14,270 It only kept going because it paid a lot of people 451 00:21:14,274 --> 00:21:16,397 and it had a lot of political support. 452 00:21:16,401 --> 00:21:19,900 The average age was 52, and everybody was talking 453 00:21:19,904 --> 00:21:21,736 about the things we used to do, 454 00:21:21,740 --> 00:21:24,492 rather than the things that needed to be done. 455 00:21:27,787 --> 00:21:31,370 Flight attendants, prepare for gate departure, please. 456 00:21:31,374 --> 00:21:33,914 I had a plan in my head for years. 457 00:21:33,918 --> 00:21:35,666 I was gonna come to the United States, 458 00:21:35,670 --> 00:21:37,710 do my rocket pilgrimage, crawl over some rocks. 459 00:21:37,714 --> 00:21:40,004 It was gonna suck, but I would find a way. 460 00:21:40,008 --> 00:21:41,964 And then the probable went 461 00:21:41,968 --> 00:21:45,926 to absolutely and categorically improbable. 462 00:21:45,930 --> 00:21:49,513 There's nothing like 12 hours of just, like, 463 00:21:49,517 --> 00:21:54,143 solid thinking time to reevaluate your life. 464 00:21:54,147 --> 00:21:56,562 I just remember sitting in the chair thinking, 465 00:21:56,566 --> 00:21:58,397 this is not good. 466 00:21:58,401 --> 00:22:00,941 This is not how it's supposed to be. 467 00:22:00,945 --> 00:22:05,154 The only logical solution was just, like, fuck it. 468 00:22:05,158 --> 00:22:08,532 Let's start a company. 469 00:22:08,536 --> 00:22:10,034 Bring that around. 470 00:22:10,038 --> 00:22:13,037 It's Peter, a couple dudes who he knows. 471 00:22:13,041 --> 00:22:16,582 "Can we make a small rocket and try to get it to space?" 472 00:22:16,586 --> 00:22:19,085 And so they work on this for, really, a couple years. 473 00:22:19,089 --> 00:22:21,962 Everything is borrowed, or some generous person 474 00:22:21,966 --> 00:22:23,923 happens to give them a chunk of metal 475 00:22:23,927 --> 00:22:25,132 or something like that. 476 00:22:25,136 --> 00:22:28,264 This is the very, very humble beginnings of Rocket Lab. 477 00:22:30,517 --> 00:22:33,724 I was driving to work, and I heard on the radio 478 00:22:33,728 --> 00:22:38,437 that this guy had renamed himself Mark Rocket. 479 00:22:38,441 --> 00:22:40,189 You could not write this. 480 00:22:40,193 --> 00:22:45,319 He hears about a guy actually named Mark Rocket who's rich. 481 00:22:45,323 --> 00:22:48,864 He happened to be looking for a way to invest in space. 482 00:22:48,868 --> 00:22:51,033 And this guy, Peter Beck, comes along. 483 00:22:51,037 --> 00:22:52,993 He's actually built a rocket, and says, you know, 484 00:22:52,997 --> 00:22:55,037 "Do you want to start a company together?" 485 00:22:55,041 --> 00:22:57,999 And Peter gives away half his company 486 00:22:58,003 --> 00:23:00,668 for a couple hundred thousand dollars 487 00:23:00,672 --> 00:23:02,003 just to get this going. 488 00:23:02,007 --> 00:23:04,588 You'd be crucified for doing something like that 489 00:23:04,592 --> 00:23:05,840 in Silicon Valley. 490 00:23:05,844 --> 00:23:08,384 But Peter sort of doesn't know any better, 491 00:23:08,388 --> 00:23:09,927 and he's also desperate. 492 00:23:09,931 --> 00:23:11,554 And this is, like, manna from heaven 493 00:23:11,558 --> 00:23:13,514 with this guy named Mark Rocket 494 00:23:13,518 --> 00:23:15,603 who's rich and wants to pay for his thing. 495 00:23:17,814 --> 00:23:19,729 Prior to that, all the rockets I'd built 496 00:23:19,733 --> 00:23:21,397 I'd strapped to things that I had ridden. 497 00:23:21,401 --> 00:23:23,566 So this was the first rocket that I hadn't actually ridden 498 00:23:23,570 --> 00:23:25,860 nor had any desire to. 499 00:23:25,864 --> 00:23:27,778 You know, we'd done lots of engine testing, 500 00:23:27,782 --> 00:23:30,448 and stage-separation testing, and parachute-drop testing. 501 00:23:30,452 --> 00:23:33,159 We had no more money. We had no more anything. 502 00:23:33,163 --> 00:23:35,453 Everything was on the line. 503 00:23:35,457 --> 00:23:39,832 That rocket needed to go, and it needed to go well. 504 00:23:39,836 --> 00:23:42,418 In the tradition of great New Zealand explorers, 505 00:23:42,422 --> 00:23:46,047 New Zealand, we are a go for space. 506 00:23:46,051 --> 00:23:49,008 Arm igniter. 507 00:23:49,012 --> 00:23:51,552 Arm oxygen. 508 00:23:51,556 --> 00:23:53,846 Coupler disconnect. 509 00:23:53,850 --> 00:23:56,057 Coming through. No smoke. 510 00:23:56,061 --> 00:23:59,560 Ten, nine, eight... oxygen. 511 00:23:59,564 --> 00:24:03,272 Seven, six, five, four, 512 00:24:03,276 --> 00:24:05,987 three, two, one. 513 00:24:11,242 --> 00:24:13,991 You fucking did it! 514 00:24:13,995 --> 00:24:15,455 Yes! 515 00:24:22,962 --> 00:24:24,756 She's still burning! 516 00:24:34,849 --> 00:24:35,888 She's gone! 517 00:24:35,892 --> 00:24:40,438 22 seconds, we're home free to space! 518 00:24:44,192 --> 00:24:48,484 NASA Ames is this Silicon Valley NASA center. 519 00:24:48,488 --> 00:24:50,111 It's gone through all these ups and downs. 520 00:24:50,115 --> 00:24:53,489 In the 2000s, it's in a really fallow period 521 00:24:53,493 --> 00:24:54,740 where the government 522 00:24:54,744 --> 00:24:57,618 is thinking about shutting it down. 523 00:24:57,622 --> 00:24:59,954 At the time, Pete Worden was the head of this 524 00:24:59,958 --> 00:25:02,498 Office of Strategic Influence at the Pentagon, 525 00:25:02,502 --> 00:25:05,543 and he'd just been fired by the Secretary of Defense, 526 00:25:05,547 --> 00:25:07,003 Donald Rumsfeld. 527 00:25:07,007 --> 00:25:09,922 Well, I'd just been fired from my job 528 00:25:09,926 --> 00:25:12,341 because I was a bit of a hot potato. 529 00:25:12,345 --> 00:25:16,137 Pete said, and I quote, "Donald Rumsfeld fucked me. 530 00:25:16,141 --> 00:25:18,097 "But they're gonna give me a NASA center 531 00:25:18,101 --> 00:25:19,473 to make up for it." 532 00:25:19,477 --> 00:25:22,018 And they say, "Pete, you're, like, our last hope. 533 00:25:22,022 --> 00:25:23,602 "We're gonna give you this NASA center. 534 00:25:23,606 --> 00:25:25,187 "See if you can do something interesting, 535 00:25:25,191 --> 00:25:27,064 and maybe we'll keep it around." 536 00:25:27,068 --> 00:25:29,358 Hi, I'm Pete Worden, the director 537 00:25:29,362 --> 00:25:31,736 of the NASA Ames Research Center. 538 00:25:31,740 --> 00:25:34,363 Pete starts to have these thoughts of, like, 539 00:25:34,367 --> 00:25:36,449 how can we innovate in space? 540 00:25:36,453 --> 00:25:38,451 How can we do different things? 541 00:25:38,455 --> 00:25:41,287 When I came to Ames, I brought a hat trick 542 00:25:41,291 --> 00:25:43,539 of young people with me. 543 00:25:43,543 --> 00:25:45,833 He called Robbie and me up, and he said, 544 00:25:45,837 --> 00:25:47,418 "I've got this new job. 545 00:25:47,422 --> 00:25:49,337 Do you want to come work with me?" 546 00:25:49,341 --> 00:25:51,339 And we were like hemming and hawing. 547 00:25:51,343 --> 00:25:53,174 On the one hand, we didn't want to work for our enemy. 548 00:25:53,178 --> 00:25:54,717 On the other hand, we were like, 549 00:25:54,721 --> 00:25:56,093 he's going to work at NASA. 550 00:25:56,097 --> 00:25:57,762 And he basically said, "Hey, you can do 551 00:25:57,766 --> 00:25:59,180 whatever space missions you want." 552 00:25:59,184 --> 00:26:00,514 And we were like, what? 553 00:26:00,518 --> 00:26:02,808 Who gets to do, you know, missions like that 554 00:26:02,812 --> 00:26:06,479 when we were kids, you know, mid-20s at this point. 555 00:26:06,483 --> 00:26:09,398 He had this vision for pulling all this together. 556 00:26:09,402 --> 00:26:11,025 And he said, "Well, what are you doing?" 557 00:26:11,029 --> 00:26:13,611 I said, "Well, I'm running this travel software startup." 558 00:26:13,615 --> 00:26:16,322 And he goes, "Well, that's bullshit," you know? 559 00:26:16,326 --> 00:26:19,784 "Why do travel when you can come do space travel with me?" 560 00:26:19,788 --> 00:26:21,786 He would surround himself with people 561 00:26:21,790 --> 00:26:23,120 that had different contexts, 562 00:26:23,124 --> 00:26:24,997 that had a different worldview. 563 00:26:25,001 --> 00:26:26,874 "But let's let 1,000 flowers bloom here 564 00:26:26,878 --> 00:26:28,626 "somehow in the space sector. 565 00:26:28,630 --> 00:26:31,212 I'll create the environment." 566 00:26:31,216 --> 00:26:33,589 These are, like, the best of the best. 567 00:26:33,593 --> 00:26:37,426 PhDs in all different areas of physics, computer science. 568 00:26:37,430 --> 00:26:39,595 It really started a revolution, 569 00:26:39,599 --> 00:26:43,224 or I might call it a counterrevolution. 570 00:26:43,228 --> 00:26:46,936 Pete had hired us to be a "special studies team," 571 00:26:46,940 --> 00:26:48,854 which was sort of an ambiguous, 572 00:26:48,858 --> 00:26:50,439 murky umbrella term 573 00:26:50,443 --> 00:26:52,233 for, "Go and do things that you think will cause" 574 00:26:52,237 --> 00:26:54,443 "just enough trouble to be interesting 575 00:26:54,447 --> 00:26:57,363 and not enough trouble to get me fired, mostly." 576 00:26:57,367 --> 00:27:01,242 Chris Kemp gets brought in because he's a nerd 577 00:27:01,246 --> 00:27:04,078 who had done some successful dot-come. 578 00:27:04,082 --> 00:27:06,330 Chris was a real expert in software, 579 00:27:06,334 --> 00:27:08,249 so I ended up making him my chief information officer. 580 00:27:08,253 --> 00:27:10,042 Chris didn't even have a degree, 581 00:27:10,046 --> 00:27:11,836 but I managed to force that through. 582 00:27:11,840 --> 00:27:13,629 I actually printed my own business cards. 583 00:27:13,633 --> 00:27:16,048 I took the coolest NASA business card 584 00:27:16,052 --> 00:27:18,134 that I'd ever been handed, and then I made up a title. 585 00:27:18,138 --> 00:27:19,468 And I think I called myself 586 00:27:19,472 --> 00:27:21,846 the Director of Strategic Business Development. 587 00:27:21,850 --> 00:27:24,515 Invented the role, printed a business card, 588 00:27:24,519 --> 00:27:27,226 and just did that. 589 00:27:27,230 --> 00:27:29,979 Pete is, like, inheriting NASA Ames at the same time 590 00:27:29,983 --> 00:27:32,857 that SpaceX is trying to build their first rocket. 591 00:27:32,861 --> 00:27:34,859 These dot-com-ers are building rockets. 592 00:27:34,863 --> 00:27:36,360 You welcome that? 593 00:27:36,364 --> 00:27:38,279 Their success is going to enable us 594 00:27:38,283 --> 00:27:39,864 to settle the solar system 595 00:27:39,868 --> 00:27:41,657 and do all these other wonderful things in space 596 00:27:41,661 --> 00:27:43,075 because it's gonna lower the cost. 597 00:27:43,079 --> 00:27:45,411 And it really creates this joint momentum 598 00:27:45,415 --> 00:27:47,872 at the right time, where you've got people 599 00:27:47,876 --> 00:27:49,623 outside of NASA trying some new ideas, 600 00:27:49,627 --> 00:27:52,922 and now you've got this, like, rebel alliance inside of NASA. 601 00:27:55,175 --> 00:27:56,797 One of the things we tried to do was, 602 00:27:56,801 --> 00:27:58,883 can we find cheap ways to get to the moon? 603 00:27:58,887 --> 00:28:02,136 So we ended up setting up a kind of quiet lunar program. 604 00:28:02,140 --> 00:28:04,305 We were trying to make a modular spacecraft 605 00:28:04,309 --> 00:28:06,307 that could be used for various missions. 606 00:28:06,311 --> 00:28:08,184 And we basically crash-landed 607 00:28:08,188 --> 00:28:10,853 into the south pole of the moon. 608 00:28:10,857 --> 00:28:12,980 We found loads of water. 609 00:28:12,984 --> 00:28:15,066 We're gonna build a lunar lander, 610 00:28:15,070 --> 00:28:18,819 and we're gonna show NASA that space can be different. 611 00:28:18,823 --> 00:28:22,118 Everything does not have to be $1 billion, $2 billion. 612 00:28:24,245 --> 00:28:27,495 He really helped bring NASA Ames 613 00:28:27,499 --> 00:28:29,830 into the modern space era. 614 00:28:29,834 --> 00:28:32,708 A lot of the positive change that's happened 615 00:28:32,712 --> 00:28:35,924 can be traced back to Pete's work. 616 00:28:39,094 --> 00:28:41,467 He is legend in NASA circles, you know? 617 00:28:41,471 --> 00:28:42,677 We call him a rebel. 618 00:28:42,681 --> 00:28:44,387 He did things that... 619 00:28:44,391 --> 00:28:45,930 he broke the mold. 620 00:28:45,934 --> 00:28:48,140 And the young people liked that, 621 00:28:48,144 --> 00:28:49,604 and they followed him. 622 00:28:52,023 --> 00:28:53,854 One of the crazier things he did was, 623 00:28:53,858 --> 00:28:55,272 he allowed our whole team 624 00:28:55,276 --> 00:28:57,525 to organize a space party there. 625 00:28:57,529 --> 00:28:59,318 It wasn't just a space party. 626 00:28:59,322 --> 00:29:02,071 It's a rave with 8,000 people. 627 00:29:02,075 --> 00:29:04,615 So Yuri's Night is World Space Party. 628 00:29:04,619 --> 00:29:07,118 It celebrates Yuri Gagarin's first spaceflight. 629 00:29:07,122 --> 00:29:09,954 And the idea is to make space not, like, a national thing 630 00:29:09,958 --> 00:29:11,247 but an international thing. 631 00:29:11,251 --> 00:29:13,165 I said, well, you know we're a NASA center. 632 00:29:13,169 --> 00:29:14,625 We can do a really cool party. 633 00:29:14,629 --> 00:29:16,252 He's like, "Jessy, go for it. 634 00:29:16,256 --> 00:29:18,629 Like, you have my blessing." 635 00:29:18,633 --> 00:29:20,423 I love that picture. 636 00:29:20,427 --> 00:29:22,591 It's me and Pete at NASA celebrating 637 00:29:22,595 --> 00:29:26,137 a Russian cosmonaut's first orbit around the Earth, 638 00:29:26,141 --> 00:29:28,180 beating America to the punch. 639 00:29:28,184 --> 00:29:29,890 For those of you that know me, 640 00:29:29,894 --> 00:29:31,809 I used to be a U.S. Brigadier General. 641 00:29:31,813 --> 00:29:33,936 I think this is a Soviet two-star general's outfit, 642 00:29:33,940 --> 00:29:38,024 so I took a promotion. 643 00:29:38,028 --> 00:29:40,735 So we had these raves, and they were really cool. 644 00:29:40,739 --> 00:29:43,362 Yes, there was probably quite a bit of marijuana smoking. 645 00:29:43,366 --> 00:29:44,572 And I got in a little trouble 646 00:29:44,576 --> 00:29:45,906 because I told the security people that... 647 00:29:45,910 --> 00:29:47,158 they said, "Well, what do we do 648 00:29:47,162 --> 00:29:48,534 with those people smoking dope?" 649 00:29:48,538 --> 00:29:50,058 And I said, "Just don't go over there." 650 00:29:52,083 --> 00:29:53,914 One of Pete's Air Force colleagues 651 00:29:53,918 --> 00:29:55,374 kept on putting up his phone, 652 00:29:55,378 --> 00:29:58,544 saying, "This phone has most of what a spacecraft has." 653 00:29:58,548 --> 00:30:00,546 This is just when smartphones were coming out. 654 00:30:00,550 --> 00:30:03,799 Suddenly, there was GPS, cameras, faster computers. 655 00:30:03,803 --> 00:30:05,801 If you look at the list of a smartphone 656 00:30:05,805 --> 00:30:07,762 and the list of things in a spacecraft, 657 00:30:07,766 --> 00:30:08,888 90% the same thing. 658 00:30:08,892 --> 00:30:10,431 And we were like, OK. 659 00:30:10,435 --> 00:30:12,683 Why don't we just fly a few of these suckers? 660 00:30:12,687 --> 00:30:16,062 We fit one of these phones into a little cube, 661 00:30:16,066 --> 00:30:17,650 did all these tests on it. 662 00:30:19,903 --> 00:30:22,443 I'm not really sure whether the phone survived. 663 00:30:22,447 --> 00:30:24,240 - Oh, no. - Hey! 664 00:30:26,117 --> 00:30:28,032 Part of it was just to make the satellite 665 00:30:28,036 --> 00:30:30,618 not be this, like, precious object. 666 00:30:30,622 --> 00:30:32,370 It's just a phone. 667 00:30:32,374 --> 00:30:34,789 Whoo! 668 00:30:34,793 --> 00:30:36,832 I was hauled into Pete's office. 669 00:30:36,836 --> 00:30:37,792 "What are you doing?" 670 00:30:37,796 --> 00:30:39,460 And we were like, "What are you talking about?" 671 00:30:39,464 --> 00:30:41,045 And he's like, "You're launching phones into space. 672 00:30:41,049 --> 00:30:42,213 You didn't tell me." 673 00:30:42,217 --> 00:30:43,923 So we almost got fired. 674 00:30:43,927 --> 00:30:45,633 Then we were like, "No, no, no, no, chill out. 675 00:30:45,637 --> 00:30:46,926 "It's gonna be great. 676 00:30:46,930 --> 00:30:48,636 "These phones are gonna show that we can do spacecraft 677 00:30:48,640 --> 00:30:50,554 for much, much lower cost." 678 00:30:50,558 --> 00:30:51,972 So right now we've got the data. 679 00:30:51,976 --> 00:30:54,141 Wow. Both: Oh! 680 00:30:54,145 --> 00:30:56,644 - Whoo-hoo! - Whoa! 681 00:30:56,648 --> 00:30:58,604 So I thought this was pretty cool. 682 00:30:58,608 --> 00:31:01,736 And I said, OK, let's see if we can't put this in space. 683 00:31:03,405 --> 00:31:05,403 We found a cheap way to have them 684 00:31:05,407 --> 00:31:07,279 thrown out of the Space Station. 685 00:31:07,283 --> 00:31:09,490 We stitched together a whole picture of the Earth 686 00:31:09,494 --> 00:31:11,283 that we had taken on this phone 687 00:31:11,287 --> 00:31:13,744 that was just floating around in space. 688 00:31:13,748 --> 00:31:15,913 It was pretty poor resolution. 689 00:31:15,917 --> 00:31:18,165 But the spacecraft had cost a few thousand dollars, 690 00:31:18,169 --> 00:31:22,044 not a few million or a few billion. 691 00:31:22,048 --> 00:31:23,796 President Obama showed up. 692 00:31:23,800 --> 00:31:25,297 "And I said, "I'd really like 693 00:31:25,301 --> 00:31:27,258 to show this guy what we're doing." 694 00:31:27,262 --> 00:31:29,593 I said, "Mr. President, welcome to NASA Ames. 695 00:31:29,597 --> 00:31:32,179 We just launched the world's cheapest satellites." 696 00:31:32,183 --> 00:31:33,889 And he stopped. 697 00:31:33,893 --> 00:31:36,017 He said, "How cheap were they?" 698 00:31:36,021 --> 00:31:38,436 And I said, "Well, two of them were $4,000, 699 00:31:38,440 --> 00:31:39,729 and one was $10,000." 700 00:31:39,733 --> 00:31:41,856 Without missing a beat, he looks at me and says, 701 00:31:41,860 --> 00:31:44,529 "We're giving you guys too much money." 702 00:31:46,614 --> 00:31:51,282 We left NASA in earnest in mid-2011 to start Planet. 703 00:31:51,286 --> 00:31:53,743 We really said, fuck it. 704 00:31:53,747 --> 00:31:55,999 Let's build something in a different way. 705 00:31:58,126 --> 00:32:00,499 Within 12 months, we built our first 706 00:32:00,503 --> 00:32:04,086 fully integrated satellite. 707 00:32:04,090 --> 00:32:08,632 This is one of the earliest spacecraft we ever made. 708 00:32:08,636 --> 00:32:11,427 Yep. This is a CubeSat. 709 00:32:11,431 --> 00:32:14,513 All that it is, is just a... 710 00:32:14,517 --> 00:32:16,766 it's a really nice camera. 711 00:32:16,770 --> 00:32:19,018 So this antenna, which you can actually see 712 00:32:19,022 --> 00:32:20,728 is made of a tape measure... 713 00:32:20,732 --> 00:32:22,772 NASA would spend millions and millions 714 00:32:22,776 --> 00:32:26,609 on a typical antenna for a spacecraft. 715 00:32:26,613 --> 00:32:29,945 We cut up a tape measure that probably cost us $2.50 716 00:32:29,949 --> 00:32:32,573 from a hardware store. 717 00:32:32,577 --> 00:32:35,368 When we were thinking through 718 00:32:35,372 --> 00:32:37,578 why we were doing this, 719 00:32:37,582 --> 00:32:40,164 what benefit would come from it, 720 00:32:40,168 --> 00:32:42,375 the primary use case that we wanted to do 721 00:32:42,379 --> 00:32:44,293 was to stop deforestation. 722 00:32:44,297 --> 00:32:46,587 We designed these satellites 723 00:32:46,591 --> 00:32:48,964 so that they could just about see an individual tree. 724 00:32:48,968 --> 00:32:51,509 It was, like, 2:00 or 3:00 in the morning. 725 00:32:51,513 --> 00:32:53,386 We got our very first picture back. 726 00:32:53,390 --> 00:32:56,305 Robbie actually just came and blasted into my room 727 00:32:56,309 --> 00:32:59,642 and jumped on top of me with this picture. 728 00:32:59,646 --> 00:33:01,977 This is the very first picture 729 00:33:01,981 --> 00:33:04,355 that ever came down from space 730 00:33:04,359 --> 00:33:07,775 that we took with our team at Planet. 731 00:33:07,779 --> 00:33:09,652 You can do all the calculations, 732 00:33:09,656 --> 00:33:10,861 and then you're never sure 733 00:33:10,865 --> 00:33:12,905 it's actually gonna work, right? 734 00:33:12,909 --> 00:33:15,658 And it did, and everything worked. 735 00:33:15,662 --> 00:33:17,914 I mean, we were over the moon. 736 00:33:20,291 --> 00:33:22,456 We realized, with lots of little spacecraft, 737 00:33:22,460 --> 00:33:24,291 we could do more rapid observation 738 00:33:24,295 --> 00:33:26,836 of the entire Earth. 739 00:33:26,840 --> 00:33:29,005 The Earth is constantly changing. 740 00:33:29,009 --> 00:33:31,007 It's changing on days timescales 741 00:33:31,011 --> 00:33:32,299 with human activity. 742 00:33:32,303 --> 00:33:34,176 And the satellite imagery we have of it today 743 00:33:34,180 --> 00:33:37,263 is typically years old. 744 00:33:37,267 --> 00:33:39,974 Satellites like these have done an amazing job 745 00:33:39,978 --> 00:33:42,018 at helping us to understand our planet. 746 00:33:42,022 --> 00:33:45,646 But if we want to understand it much more regularly... 747 00:33:45,650 --> 00:33:48,232 we need lots of satellites. 748 00:33:48,236 --> 00:33:50,526 What we'd ideally want is images 749 00:33:50,530 --> 00:33:52,403 of the whole planet every day. 750 00:33:52,407 --> 00:33:54,155 We're gonna launch 751 00:33:54,159 --> 00:33:56,032 more than a hundred of these satellites. 752 00:33:56,036 --> 00:33:58,034 It's gonna be the largest constellation of satellites 753 00:33:58,038 --> 00:34:00,286 in human history. 754 00:34:00,290 --> 00:34:03,039 T-minus 30 seconds. On my mark. 755 00:34:03,043 --> 00:34:05,833 We've got 26 satellites on this rocket. 756 00:34:05,837 --> 00:34:06,959 It's a big deal. 757 00:34:06,963 --> 00:34:08,836 It's the largest number of satellites we've ever put 758 00:34:08,840 --> 00:34:10,880 on a rocket, in fact, the largest number 759 00:34:10,884 --> 00:34:13,758 of satellites that anyone has ever put on a rocket. 760 00:34:13,762 --> 00:34:17,136 And we have liftoff. 761 00:34:17,140 --> 00:34:19,055 It goes up. Everything's looking good. 762 00:34:19,059 --> 00:34:20,681 And then I can quickly see here... 763 00:34:20,685 --> 00:34:21,978 I was like, oh, shit. 764 00:34:22,937 --> 00:34:23,851 Oh, crap. 765 00:34:23,855 --> 00:34:25,519 Oh, God. 766 00:34:25,523 --> 00:34:27,146 Oh, God! 767 00:34:27,150 --> 00:34:28,439 Oh. And that's the end. 768 00:34:28,443 --> 00:34:30,483 - Wow. - What was that? 769 00:34:30,487 --> 00:34:33,903 And that looks like an explosion of that rocket. 770 00:34:33,907 --> 00:34:35,696 That looked like something really... 771 00:34:35,700 --> 00:34:37,198 That looked like something went definitely 772 00:34:37,202 --> 00:34:38,199 very wrong with that launch. 773 00:34:38,203 --> 00:34:41,039 Whoa! Jesus! 774 00:34:45,585 --> 00:34:47,750 Planet lost all their satellites. 775 00:34:47,754 --> 00:34:50,086 Will and Robbie saw 776 00:34:50,090 --> 00:34:51,921 there's all these rocket start ups 777 00:34:51,925 --> 00:34:53,839 appearing around the world. 778 00:34:53,843 --> 00:34:57,009 Chris was at Ames, and then he left to go start 779 00:34:57,013 --> 00:34:59,011 this company called Nebula. 780 00:34:59,015 --> 00:35:03,683 The company did not do great, and so Chris was out of work. 781 00:35:03,687 --> 00:35:05,810 Planet brought him on as a consultant 782 00:35:05,814 --> 00:35:07,436 to go scour the world, 783 00:35:07,440 --> 00:35:09,442 find the best rockets to fly on. 784 00:35:11,695 --> 00:35:13,984 I spent six months traveling around the world, 785 00:35:13,988 --> 00:35:15,736 meeting all the rocket companies. 786 00:35:15,740 --> 00:35:18,114 I was not impressed. 787 00:35:18,118 --> 00:35:20,741 Chris came down under the guises 788 00:35:20,745 --> 00:35:24,537 of an independent satellite consultant. 789 00:35:24,541 --> 00:35:26,664 Peter Beck wanted to fly Planet's satellites, 790 00:35:26,668 --> 00:35:29,417 so he gave him the top-end tour. 791 00:35:29,421 --> 00:35:31,585 Peter really went out of his way 792 00:35:31,589 --> 00:35:33,045 to tell Chris everything. 793 00:35:33,049 --> 00:35:36,132 I suggested to Planet that they give Rocket Lab 794 00:35:36,136 --> 00:35:37,383 a contract, and they did. 795 00:35:37,387 --> 00:35:40,928 But I also saw how expensive that rocket would be. 796 00:35:40,932 --> 00:35:44,432 I just saw an opportunity to do something different here. 797 00:35:44,436 --> 00:35:48,144 They like to talk about the kind of massive amounts 798 00:35:48,148 --> 00:35:51,230 of power and massive amounts of propellant 799 00:35:51,234 --> 00:35:53,399 and the massive scale and... 800 00:35:53,403 --> 00:35:55,359 Chris came back to the United States. 801 00:35:55,363 --> 00:35:57,236 A couple of months passed, and then, suddenly, 802 00:35:57,240 --> 00:35:58,612 Chris had a rocket company. 803 00:35:58,616 --> 00:36:00,865 Naturally, we were quite surprised 804 00:36:00,869 --> 00:36:03,034 a few months later when Astra popped up. 805 00:36:03,038 --> 00:36:04,702 His idea was basically 806 00:36:04,706 --> 00:36:07,246 to undercut Rocket Lab on price. 807 00:36:07,250 --> 00:36:09,540 How cheap and crappy can we make a rocket? 808 00:36:09,544 --> 00:36:12,168 I'm somebody who wants to actually succeed 809 00:36:12,172 --> 00:36:15,425 from a business perspective, versus just make big toys. 810 00:36:18,136 --> 00:36:19,759 I met Adam in a garage. 811 00:36:19,763 --> 00:36:21,344 I was blown away. 812 00:36:21,348 --> 00:36:23,179 You know, he's the rocket scientist. 813 00:36:23,183 --> 00:36:26,682 He's one of the most brilliant people you'll ever meet. 814 00:36:26,686 --> 00:36:28,476 I showed him around, talked about stuff, et cetera. 815 00:36:28,480 --> 00:36:32,271 And he was, I think, you know, pretty excited. 816 00:36:32,275 --> 00:36:34,023 A rocket a day was 817 00:36:34,027 --> 00:36:36,025 in the very first pitch presentation 818 00:36:36,029 --> 00:36:37,276 that Chris and I did. 819 00:36:37,280 --> 00:36:40,654 They wanted to make a rocket faster than anyone 820 00:36:40,658 --> 00:36:42,281 had ever made a rocket in history. 821 00:36:42,285 --> 00:36:44,325 They wanted it to be the cheapest rocket 822 00:36:44,329 --> 00:36:45,534 that had ever been made. 823 00:36:45,538 --> 00:36:47,828 And they wanted to make an actual factory 824 00:36:47,832 --> 00:36:50,206 that could pump these rockets out every day, 825 00:36:50,210 --> 00:36:52,833 just like you'd make a car or something like that. 826 00:36:52,837 --> 00:36:55,836 This had never been done in the industry. 827 00:36:55,840 --> 00:36:59,048 - There we go. - Be careful. 828 00:36:59,052 --> 00:37:02,343 There's broken glass everywhere. 829 00:37:02,347 --> 00:37:05,225 I think people came in here and played war. 830 00:37:07,268 --> 00:37:11,227 It's a perfect, like, set for a zombie-apocalypse movie. 831 00:37:11,231 --> 00:37:13,062 If we're gonna make a rocket a day 832 00:37:13,066 --> 00:37:15,523 really, really affordably, we've got to have 833 00:37:15,527 --> 00:37:17,358 really inexpensive facilities. 834 00:37:17,362 --> 00:37:18,901 The challenge is, we deal with all this stuff. 835 00:37:18,905 --> 00:37:22,325 This is actually... it's all lead paint. 836 00:37:24,285 --> 00:37:26,867 And people take this shit really seriously, right? 837 00:37:26,871 --> 00:37:29,120 But we've got to deal with this stuff 838 00:37:29,124 --> 00:37:31,163 and cover it and repaint it 839 00:37:31,167 --> 00:37:33,165 and clean the building up a little bit, 840 00:37:33,169 --> 00:37:35,668 or people get stressed. 841 00:37:35,672 --> 00:37:37,253 Credit where credit's due. 842 00:37:37,257 --> 00:37:39,296 Chris is an amazing salesperson. 843 00:37:39,300 --> 00:37:41,720 In this industry, it takes a bit of that. 844 00:37:43,179 --> 00:37:44,301 It's a better view over here. 845 00:37:44,305 --> 00:37:46,095 You know, he's able to be very successful 846 00:37:46,099 --> 00:37:47,263 at raising capital. 847 00:37:47,267 --> 00:37:49,102 - This is lead paint. - OK. 848 00:37:50,061 --> 00:37:51,100 Oh. 849 00:37:51,104 --> 00:37:52,852 We've got a lot of work to do 850 00:37:52,856 --> 00:37:54,311 to catch up with Rocket Lab. 851 00:37:54,315 --> 00:37:57,106 It's a race right now, and we're trying to catch up. 852 00:37:57,110 --> 00:37:59,108 - What do you think? - I love it. 853 00:37:59,112 --> 00:38:01,694 It kind of brings post apocalyptic chic 854 00:38:01,698 --> 00:38:05,990 and spacesuit together in kind of a alien way, 855 00:38:05,994 --> 00:38:10,286 but an optimistic alien way, in black. 856 00:38:10,290 --> 00:38:13,956 2017, rocket's far enough along. 857 00:38:13,960 --> 00:38:16,208 Chris decides to have a party to show everybody 858 00:38:16,212 --> 00:38:18,002 the rocket for the first time. 859 00:38:18,006 --> 00:38:22,214 All right, welcome to Dawn of Space, everyone. 860 00:38:22,218 --> 00:38:23,507 There's lots of people 861 00:38:23,511 --> 00:38:25,718 that have raised tremendous amounts of money 862 00:38:25,722 --> 00:38:27,887 on the back of fantasifull promises. 863 00:38:27,891 --> 00:38:30,306 The great thing about this industry 864 00:38:30,310 --> 00:38:33,601 is that you can make all the promises in the world. 865 00:38:33,605 --> 00:38:36,896 But at some point, you actually have to deliver. 866 00:38:36,900 --> 00:38:38,522 Thank you all for coming. 867 00:38:38,526 --> 00:38:41,571 And the next time we have a party, we will be in space. 868 00:38:53,875 --> 00:38:55,748 People had started hearing rumors 869 00:38:55,752 --> 00:38:58,834 that this guy in New Zealand is doing interesting things. 870 00:38:58,838 --> 00:39:01,962 When Peter ends up going to Silicon Valley, 871 00:39:01,966 --> 00:39:06,175 all these investors call around to find out who knows what. 872 00:39:06,179 --> 00:39:09,512 Pete Worden, he'd caught wind of Peter. 873 00:39:09,516 --> 00:39:12,769 I mean, he's maybe one of the best engineers I've ever met. 874 00:39:14,270 --> 00:39:15,559 This guy is the real deal. 875 00:39:15,563 --> 00:39:17,478 As he's trying to raise money, 876 00:39:17,482 --> 00:39:21,774 this vote of confidence from Pete Worden has a huge effect. 877 00:39:21,778 --> 00:39:25,361 The first money hit the bank January 2014. 878 00:39:25,365 --> 00:39:27,492 And we had a rocket on the pad in 2017. 879 00:39:31,287 --> 00:39:34,078 2017, Rocket Lab tries to launch for the first time. 880 00:39:34,082 --> 00:39:35,705 It's called, like, "a test." 881 00:39:35,709 --> 00:39:38,207 It's not taking a commercial payload. 882 00:39:38,211 --> 00:39:42,253 The most important thing was it just get clear of the pad. 883 00:39:42,257 --> 00:39:44,009 That's kind of your worst nightmare... 884 00:39:45,885 --> 00:39:47,133 Something coming up off the pad, 885 00:39:47,137 --> 00:39:49,552 then coming back down on the pad. 886 00:39:49,556 --> 00:39:52,638 That is instant company extermination. 887 00:39:52,642 --> 00:39:56,892 We did not have the resources to rebuild a pad. 888 00:39:56,896 --> 00:39:59,854 When you're testing your rocket in the early days, 889 00:39:59,858 --> 00:40:02,565 you pretty much just want to get it off the pad. 890 00:40:02,569 --> 00:40:06,027 The goal is to get enough flight time to pull some data. 891 00:40:06,031 --> 00:40:07,820 And if you're lucky, 892 00:40:07,824 --> 00:40:10,990 the rocket will happen to get to space. 893 00:40:10,994 --> 00:40:14,160 But, basically, nobody gets into orbit on their first try. 894 00:40:14,164 --> 00:40:17,125 It just... it doesn't happen. 895 00:40:19,919 --> 00:40:22,251 It takes 100 times more energy 896 00:40:22,255 --> 00:40:24,128 to put an object in orbit 897 00:40:24,132 --> 00:40:27,173 versus just going up into space. 898 00:40:27,177 --> 00:40:28,841 It's not just up. 899 00:40:28,845 --> 00:40:30,384 You see rockets as they launch. 900 00:40:30,388 --> 00:40:32,636 They go up and then over. 901 00:40:32,640 --> 00:40:34,430 Well, the over part's the hard part 902 00:40:34,434 --> 00:40:38,684 because you've got to achieve a velocity capable of shooting 903 00:40:38,688 --> 00:40:41,896 the rocket around the planet. 904 00:40:41,900 --> 00:40:44,023 And if you don't have enough velocity, 905 00:40:44,027 --> 00:40:46,154 it comes right back down. 906 00:40:49,949 --> 00:40:52,323 When it actually came time to launch, 907 00:40:52,327 --> 00:40:53,824 it was a big, big day. 908 00:40:53,828 --> 00:40:56,118 Everyone was confident that it was gonna work. 909 00:40:56,122 --> 00:40:58,958 But also, nobody knew what the hell it was gonna do. 910 00:41:04,297 --> 00:41:06,174 - Yes! Yes! - Fuck, yes! 911 00:41:08,051 --> 00:41:09,840 It was a nominal clean liftoff. 912 00:41:09,844 --> 00:41:11,550 Engine performance was nominal. 913 00:41:11,554 --> 00:41:13,177 Everything was nominal. 914 00:41:13,181 --> 00:41:15,304 It had a nominal separation 915 00:41:15,308 --> 00:41:17,977 and an ignition of the second stage engine. 916 00:41:19,604 --> 00:41:23,312 The rocket does fantastically well. 917 00:41:23,316 --> 00:41:24,980 It's made it to space, 918 00:41:24,984 --> 00:41:26,941 and it's heading towards orbit. 919 00:41:26,945 --> 00:41:30,027 At that point, you've achieved more than 99% 920 00:41:30,031 --> 00:41:33,072 of most countries on their first rocket. 921 00:41:33,076 --> 00:41:35,282 We're literally, like, 200 seconds away 922 00:41:35,286 --> 00:41:37,201 from reaching orbit. 923 00:41:37,205 --> 00:41:39,245 The folks that are in charge of making sure 924 00:41:39,249 --> 00:41:41,330 that the rocket flies safely 925 00:41:41,334 --> 00:41:43,916 shut the engine down by mistake. 926 00:41:43,920 --> 00:41:47,753 The safety officer actually blew up 927 00:41:47,757 --> 00:41:50,631 Rocket Lab's first rocket. 928 00:41:50,635 --> 00:41:54,848 We were literally seconds away from orbit. 929 00:41:57,600 --> 00:42:00,016 That would have been the first time in history 930 00:42:00,020 --> 00:42:03,227 that a new rocket had flown successfully on its first try. 931 00:42:03,231 --> 00:42:05,021 All right, to other news now, 932 00:42:05,025 --> 00:42:07,523 and a truly spectacular feat for New Zealand. 933 00:42:07,527 --> 00:42:09,358 We've joined the space race. 934 00:42:09,362 --> 00:42:11,444 One small step for Rocket Lab, 935 00:42:11,448 --> 00:42:15,535 one giant leap for New Zealand aerospace. 936 00:42:22,250 --> 00:42:24,915 In 2017, in India, 937 00:42:24,919 --> 00:42:29,295 Planet Labs launched 88 of their Dove satellites... 938 00:42:29,299 --> 00:42:30,546 a record number of satellites 939 00:42:30,550 --> 00:42:33,966 to put in space by many, many times. 940 00:42:33,970 --> 00:42:35,551 It's the largest constellation 941 00:42:35,555 --> 00:42:37,887 of Earth-imaging satellites in human history, 942 00:42:37,891 --> 00:42:39,638 and it's gonna provide a completely radical 943 00:42:39,642 --> 00:42:43,309 new data set about our changing planet. 944 00:42:43,313 --> 00:42:46,020 And we have decided, therefore, that the best thing 945 00:42:46,024 --> 00:42:48,105 that we can do with our data is to ensure 946 00:42:48,109 --> 00:42:50,107 universal access to it. 947 00:42:50,111 --> 00:42:52,109 We wanted to ensure everyone can see it. 948 00:42:52,113 --> 00:42:55,988 Thank you. 949 00:42:55,992 --> 00:42:59,158 Planet was the very first company ever 950 00:42:59,162 --> 00:43:00,993 to be able to take photos of every spot 951 00:43:00,997 --> 00:43:02,995 on Earth every day. 952 00:43:02,999 --> 00:43:05,831 And this is useful for a lot of things. 953 00:43:05,835 --> 00:43:07,833 You can gather environmental data 954 00:43:07,837 --> 00:43:10,127 around things like deforestation, 955 00:43:10,131 --> 00:43:12,588 land use, and drought, 956 00:43:12,592 --> 00:43:15,049 and then some very practical things 957 00:43:15,053 --> 00:43:19,720 like helping a farmer decide when to harvest their crops. 958 00:43:19,724 --> 00:43:21,514 We can actually tell the crop type. 959 00:43:21,518 --> 00:43:23,557 Is this corn or wheat or soy or whatever? 960 00:43:23,561 --> 00:43:25,518 We can tell how well it's doing, 961 00:43:25,522 --> 00:43:27,812 where it needs to add water, 962 00:43:27,816 --> 00:43:30,231 an early sign of a health problem, 963 00:43:30,235 --> 00:43:34,235 which can improve their crop yields by 20% or 40%. 964 00:43:34,239 --> 00:43:38,030 That can help feed the planet more efficiently. 965 00:43:38,034 --> 00:43:40,199 The things that we're already learning 966 00:43:40,203 --> 00:43:43,285 about the Earth from Planet's satellites are amazing. 967 00:43:43,289 --> 00:43:45,538 It was a massive breakthrough. 968 00:43:45,542 --> 00:43:49,713 They've changed the entire satellite industry forever. 969 00:43:59,347 --> 00:44:01,262 So, in 15 months, we incorporated a company. 970 00:44:01,266 --> 00:44:02,847 We hired 75 engineers. 971 00:44:02,851 --> 00:44:04,640 We built a development facility, a test facility, 972 00:44:04,644 --> 00:44:07,143 a manufacturing facility, a mission control center, 973 00:44:07,147 --> 00:44:08,519 designed and built a rocket, 974 00:44:08,523 --> 00:44:10,479 and are about to fly it next month. 975 00:44:10,483 --> 00:44:13,649 So, from zero... like, no company... 976 00:44:13,653 --> 00:44:14,900 thank you. 977 00:44:14,904 --> 00:44:16,948 - All right. Wait, hold on. - NASA crew. 978 00:44:19,367 --> 00:44:20,531 Madman on the loose 979 00:44:20,535 --> 00:44:24,368 with ICBM pointed at San Francisco. 980 00:44:24,372 --> 00:44:26,871 We're taking the rocket up to a small island 981 00:44:26,875 --> 00:44:28,998 in the North Pacific, and we're going to launch it. 982 00:44:29,002 --> 00:44:31,042 And if we're able to do that, 983 00:44:31,046 --> 00:44:34,879 that will be pretty historic, I think. 984 00:44:34,883 --> 00:44:37,673 In the United States, most companies launch 985 00:44:37,677 --> 00:44:39,884 from Florida or California. 986 00:44:39,888 --> 00:44:41,344 They're all government-owned. 987 00:44:41,348 --> 00:44:44,430 You have to fight for attention and position 988 00:44:44,434 --> 00:44:46,557 on these launch pads. 989 00:44:46,561 --> 00:44:48,980 Astra's this fledgling company. 990 00:44:50,607 --> 00:44:53,689 Alaska is trying to attract this commercial business, 991 00:44:53,693 --> 00:44:55,775 and so they kind of roll out the red carpet. 992 00:44:55,779 --> 00:44:58,323 Give them their own space. Give them their own pad. 993 00:45:01,785 --> 00:45:03,324 It's just like, go fly it. 994 00:45:03,328 --> 00:45:05,493 Get data. Whatever went wrong, we fix. 995 00:45:05,497 --> 00:45:07,703 We do this again. 996 00:45:07,707 --> 00:45:09,914 But things were just not working. 997 00:45:09,918 --> 00:45:13,501 It's 60-miles-an-hour gusts up here. 998 00:45:13,505 --> 00:45:14,919 Barely staying alive. 999 00:45:14,923 --> 00:45:18,923 Having trouble locating the QDs. 1000 00:45:18,927 --> 00:45:22,222 Let's kill some helium! 1001 00:45:24,224 --> 00:45:28,140 This went on for weeks and weeks and weeks. 1002 00:45:28,144 --> 00:45:29,975 Getting this guy up off the pad 1003 00:45:29,979 --> 00:45:32,190 would be a pretty big win for all of us. 1004 00:45:34,442 --> 00:45:36,774 If we do launch the rocket and it is successful, 1005 00:45:36,778 --> 00:45:38,567 it strengthens our position considerably. 1006 00:45:38,571 --> 00:45:41,112 I do hate to see Rocket Lab get a third launch off 1007 00:45:41,116 --> 00:45:42,947 before we get our first. 1008 00:45:42,951 --> 00:45:44,869 Ground close OV 107. 1009 00:45:47,997 --> 00:45:49,036 Thanks for coming out. 1010 00:45:49,040 --> 00:45:50,788 - Hey, Scott. - Good luck. 1011 00:45:50,792 --> 00:45:52,498 We're gonna try to put something in space. 1012 00:45:52,502 --> 00:45:55,167 - Let's do it. - Or blow it up trying. 1013 00:45:55,171 --> 00:45:57,878 This is Chris Kemp at mission control 1014 00:45:57,882 --> 00:45:59,630 in Alameda, California. 1015 00:45:59,634 --> 00:46:02,591 If we're able to achieve our objective 1016 00:46:02,595 --> 00:46:04,176 of getting the rocket off the pad, 1017 00:46:04,180 --> 00:46:05,803 we'd like to fly for as long as possible. 1018 00:46:05,807 --> 00:46:08,681 All right. Tango. Watch P-O-T. 1019 00:46:08,685 --> 00:46:11,392 Call Abort if you see it exceed 20 PSI. 1020 00:46:11,396 --> 00:46:13,728 Rocket companies get these little windows of time 1021 00:46:13,732 --> 00:46:15,229 when the weather looks right. 1022 00:46:15,233 --> 00:46:17,440 The government's approved your launch. 1023 00:46:17,444 --> 00:46:20,151 35, 34, 33, 1024 00:46:20,155 --> 00:46:22,699 32, 31, 30... 1025 00:46:26,703 --> 00:46:29,035 This is TC on countdown. We are at a hold. 1026 00:46:29,039 --> 00:46:30,953 - Is that bad? - No. 1027 00:46:30,957 --> 00:46:35,374 32, 31, 30... 1028 00:46:35,378 --> 00:46:37,213 Hold, hold, hold. 1029 00:46:42,218 --> 00:46:43,799 - It's the whiskey. - It's hard shit. 1030 00:46:43,803 --> 00:46:45,426 - It's hard shit. - Yeah. Thank you. 1031 00:46:45,430 --> 00:46:47,970 - It's hard shit. - All right. 1032 00:46:47,974 --> 00:46:49,263 We've aborted. 1033 00:46:49,267 --> 00:46:52,224 This pattern repeated itself over and over and over again. 1034 00:46:52,228 --> 00:46:53,476 That sucks. 1035 00:46:53,480 --> 00:46:55,436 You have to take the whole thing down, 1036 00:46:55,440 --> 00:46:57,813 go try to find this small, tiny problem, 1037 00:46:57,817 --> 00:47:00,441 fix it, do this again and again. 1038 00:47:00,445 --> 00:47:03,235 This went on for so many weeks. 1039 00:47:03,239 --> 00:47:05,029 For those of you just tuning in, 1040 00:47:05,033 --> 00:47:07,281 we had several launch attempts yesterday. 1041 00:47:07,285 --> 00:47:10,330 This is our last day in our launch window. 1042 00:47:14,542 --> 00:47:16,248 We're gonna get it this time. 1043 00:47:16,252 --> 00:47:17,500 - Hey. - It's gonna happen. 1044 00:47:17,504 --> 00:47:18,709 - Yay. - All right. 1045 00:47:18,713 --> 00:47:20,044 - It's gonna happen. - I think so, too. 1046 00:47:20,048 --> 00:47:22,254 - Counting down. - Counting down. 1047 00:47:22,258 --> 00:47:26,842 All: Ten, nine, eight, seven, six, 1048 00:47:26,846 --> 00:47:30,054 five, four, three, 1049 00:47:30,058 --> 00:47:32,264 two, one. 1050 00:47:32,268 --> 00:47:34,350 Go. 1051 00:47:34,354 --> 00:47:35,855 - Yeah. - Yeah! 1052 00:47:53,415 --> 00:47:55,083 That was awesome. 1053 00:47:58,962 --> 00:48:00,714 Nice. 1054 00:48:02,257 --> 00:48:04,088 Wow. 1055 00:48:04,092 --> 00:48:06,340 It ends up finally launching, 1056 00:48:06,344 --> 00:48:07,883 goes for about 27 seconds. 1057 00:48:07,887 --> 00:48:10,344 It definitely didn't reach orbit. 1058 00:48:10,348 --> 00:48:12,221 It didn't reach space. 1059 00:48:12,225 --> 00:48:15,099 But they were able to get some data from it. 1060 00:48:15,103 --> 00:48:16,809 Thank you again for all your support. 1061 00:48:16,813 --> 00:48:18,019 It was a successful flight. 1062 00:48:18,023 --> 00:48:21,897 It's looking like we got 1063 00:48:21,901 --> 00:48:25,196 plus or minus 10 seconds from our 30-second objective. 1064 00:48:38,001 --> 00:48:40,666 I can only imagine going back in time 1065 00:48:40,670 --> 00:48:42,668 and tapping on the shoulder and whispering 1066 00:48:42,672 --> 00:48:44,337 into that little boy's ear, 1067 00:48:44,341 --> 00:48:45,671 "One day, that Captain Kirk's 1068 00:48:45,675 --> 00:48:47,552 gonna open your rocket factory." 1069 00:48:49,220 --> 00:48:52,553 What a wonderful place to be. 1070 00:48:52,557 --> 00:48:55,222 In November of 2018, 1071 00:48:55,226 --> 00:48:57,266 they fly their first commercial mission. 1072 00:48:57,270 --> 00:48:59,769 So this launch's got seven payloads aboard 1073 00:48:59,773 --> 00:49:01,520 from a variety of different customers. 1074 00:49:01,524 --> 00:49:03,481 It's called "It's Business Time," 1075 00:49:03,485 --> 00:49:05,649 in honor of "Flight of the Conchords." 1076 00:49:05,653 --> 00:49:08,944 It's business time. 1077 00:49:08,948 --> 00:49:10,780 Now we had paying customers. 1078 00:49:10,784 --> 00:49:13,240 It is business time, in all sense of the words. 1079 00:49:13,244 --> 00:49:16,118 There was a lot, lot riding on that. 1080 00:49:16,122 --> 00:49:17,578 If you're declaring to the world 1081 00:49:17,582 --> 00:49:19,163 that you have a product that works, 1082 00:49:19,167 --> 00:49:20,752 it better bloody work. 1083 00:49:26,675 --> 00:49:28,589 I hate launches. 1084 00:49:28,593 --> 00:49:30,470 I really do not enjoy them. 1085 00:49:31,930 --> 00:49:34,220 These early launches, like, if they go badly, 1086 00:49:34,224 --> 00:49:35,433 that's the end. 1087 00:49:38,812 --> 00:49:40,476 Flight mode. 1088 00:49:40,480 --> 00:49:43,020 Ten, nine, eight, 1089 00:49:43,024 --> 00:49:46,899 seven, six, five, four... 1090 00:49:46,903 --> 00:49:50,699 - Ignition. - Three, two, one. 1091 00:50:04,045 --> 00:50:06,794 Altitude is 200 kilometers. 1092 00:50:06,798 --> 00:50:10,214 The best time of a launch is a squiggly graph. 1093 00:50:10,218 --> 00:50:12,508 See a nice, straight line, 1094 00:50:12,512 --> 00:50:14,593 and then it'll give a wee squiggle. 1095 00:50:14,597 --> 00:50:16,887 And that wee squiggle is the reaction moment 1096 00:50:16,891 --> 00:50:19,390 of when you separate off the payload. 1097 00:50:19,394 --> 00:50:21,642 That is the only good thing about a launch. 1098 00:50:21,646 --> 00:50:23,773 Oh, very nice. 1099 00:50:29,738 --> 00:50:32,028 The Rocket Lab Electron launch vehicle 1100 00:50:32,032 --> 00:50:36,615 reached a successful orbit on only its second mission. 1101 00:50:36,619 --> 00:50:39,164 They've come out of the gate looking really good. 1102 00:50:43,543 --> 00:50:45,545 Another perfect bloody flight. 1103 00:50:47,422 --> 00:50:48,961 This one took a while to get off the pad, 1104 00:50:48,965 --> 00:50:51,088 but instantaneous To. 1105 00:50:51,092 --> 00:50:54,300 Perfect flight. Nice, perfect, nominal orbit. 1106 00:50:54,304 --> 00:50:56,890 And I don't... fuck, I don't know what to say. 1107 00:50:58,558 --> 00:51:00,264 But, yeah. 1108 00:51:00,268 --> 00:51:02,062 Let's do it again in a few weeks. 1109 00:51:11,488 --> 00:51:12,401 Hi, everyone. 1110 00:51:12,405 --> 00:51:13,986 For those of you just joining us, 1111 00:51:13,990 --> 00:51:15,696 this is the first launch attempt 1112 00:51:15,700 --> 00:51:17,406 of our version 2.0 rocket. 1113 00:51:17,410 --> 00:51:18,824 I was just informed of the range. 1114 00:51:18,828 --> 00:51:22,370 Rocket 2, you had a bunch of ex-SpaceX people come in. 1115 00:51:22,374 --> 00:51:24,914 They start to play this major role. 1116 00:51:24,918 --> 00:51:26,957 Chris Thompson, one of the SpaceX, 1117 00:51:26,961 --> 00:51:29,251 like, early founding team, he's the lead. 1118 00:51:29,255 --> 00:51:31,921 It's like, the adult supervision has arrived. 1119 00:51:31,925 --> 00:51:34,799 Five, four, three, 1120 00:51:34,803 --> 00:51:37,681 two, one, zero. 1121 00:51:40,433 --> 00:51:44,934 No fire. Abort. 1122 00:51:44,938 --> 00:51:48,108 This is a better outcome than having the rocket explode. 1123 00:51:49,317 --> 00:51:51,691 All: Five, four, 1124 00:51:51,695 --> 00:51:55,152 three, two, one. 1125 00:51:55,156 --> 00:51:57,321 - Zero. - Go! 1126 00:51:57,325 --> 00:52:00,282 - Why isn't it going? - Do you see it? 1127 00:52:00,286 --> 00:52:01,617 It's going? 1128 00:52:01,621 --> 00:52:03,498 It's not going. 1129 00:52:07,752 --> 00:52:10,751 No fire. Abort. 1130 00:52:10,755 --> 00:52:13,004 - What's this? - It's my mom. 1131 00:52:13,008 --> 00:52:14,296 Nice. 1132 00:52:14,300 --> 00:52:16,302 "Hope you find the problem with the igniters." 1133 00:52:20,932 --> 00:52:22,888 We can't launch because there's a boat in the way. 1134 00:52:22,892 --> 00:52:24,765 You have to put out a notice... 1135 00:52:24,769 --> 00:52:26,559 clear out of the area 1136 00:52:26,563 --> 00:52:28,185 where debris might fall from this thing. 1137 00:52:28,189 --> 00:52:30,354 There's inevitably some ship captain 1138 00:52:30,358 --> 00:52:32,440 who just doesn't pay attention to any of this. 1139 00:52:32,444 --> 00:52:33,899 They're not moving. 1140 00:52:33,903 --> 00:52:35,609 - And... - Not answering the radios. 1141 00:52:35,613 --> 00:52:37,194 Have we sent the helicopter out? 1142 00:52:37,198 --> 00:52:39,405 I want the name of that captain. 1143 00:52:39,409 --> 00:52:42,033 I'm gonna fucking crucify him. 1144 00:52:42,037 --> 00:52:44,160 Well, there's the boat right there. 1145 00:52:44,164 --> 00:52:45,327 What is he? Tell me. 1146 00:52:45,331 --> 00:52:49,081 We're gonna file a lawsuit against that captain. 1147 00:52:49,085 --> 00:52:51,629 - You'll be hearing from me. - We will find you. 1148 00:52:54,007 --> 00:52:56,005 I once sunk a person's ship that pissed me off. 1149 00:52:56,009 --> 00:52:57,798 It's very easy to do. You get a drill. 1150 00:52:57,802 --> 00:52:59,633 - It's... - Yeah. 1151 00:52:59,637 --> 00:53:01,594 - It's gone. - Yeah. So we'll use that. 1152 00:53:01,598 --> 00:53:03,179 Let's not get that... 1153 00:53:03,183 --> 00:53:06,390 - You're on video. - Oh. Hi. 1154 00:53:06,394 --> 00:53:07,808 - You want to keep pushing... - I'm not pushing. 1155 00:53:07,812 --> 00:53:09,226 - I'll call right now... - I'm not pushing. 1156 00:53:09,230 --> 00:53:10,936 And say I'm done. Let us do what we need to do. 1157 00:53:10,940 --> 00:53:13,064 That's all I'm trying to do, Chris. 1158 00:53:13,068 --> 00:53:14,982 And I'm just trying to make sure that your teams are 1159 00:53:14,986 --> 00:53:16,734 all on the same page before I communicate 1160 00:53:16,738 --> 00:53:18,569 - anything externally. - Right. But... 1161 00:53:18,573 --> 00:53:20,029 - OK. So we're good? - Yeah. 1162 00:53:20,033 --> 00:53:22,369 Great. That's all I needed. Thanks. 1163 00:53:25,330 --> 00:53:27,244 Hold, hold, hold. 1164 00:53:27,248 --> 00:53:28,412 Abort, abort hit. 1165 00:53:28,416 --> 00:53:30,706 Daddy, why did, like, the... why did it, 1166 00:53:30,710 --> 00:53:32,458 like, shut down right away? 1167 00:53:32,462 --> 00:53:33,834 The computer that controls the engine... 1168 00:53:33,838 --> 00:53:36,045 - Yeah? - Has a problem inside of it. 1169 00:53:36,049 --> 00:53:37,296 - Oh. - And so it won't work. 1170 00:53:37,300 --> 00:53:38,964 Because you said once, 1171 00:53:38,968 --> 00:53:40,675 if the launch thing didn't work, 1172 00:53:40,679 --> 00:53:42,593 you have to put new engines on. 1173 00:53:42,597 --> 00:53:45,558 Basically, you're doing that, only with the computer? 1174 00:53:47,227 --> 00:53:49,392 It is the last try 1175 00:53:49,396 --> 00:53:51,769 and the last hour of the last day. 1176 00:53:51,773 --> 00:53:54,230 It's looking good. 1177 00:53:54,234 --> 00:53:55,731 Fuck. 1178 00:53:55,735 --> 00:53:59,235 Five, four, three, 1179 00:53:59,239 --> 00:54:02,534 two, one, zero. 1180 00:54:05,704 --> 00:54:07,868 Yeah! 1181 00:54:07,872 --> 00:54:09,870 Fuck, yeah. 1182 00:54:09,874 --> 00:54:12,123 Go, baby, go! 1183 00:54:12,127 --> 00:54:13,207 Hold, hold, hold. 1184 00:54:13,211 --> 00:54:16,172 Vehicle has experienced an anomaly in flight. 1185 00:54:22,345 --> 00:54:27,805 Rocket 2 comes pretty much straight down on the pad. 1186 00:54:27,809 --> 00:54:30,808 It's, like, the worst thing that you can have happen. 1187 00:54:30,812 --> 00:54:35,604 What message do you want to put? 1188 00:54:35,608 --> 00:54:37,648 Um, what is it? 1189 00:54:37,652 --> 00:54:38,858 - Just say... - On the Webcast page? 1190 00:54:38,862 --> 00:54:40,901 Just say, "test concluded," you know? 1191 00:54:40,905 --> 00:54:43,116 Livecast has concluded. 1192 00:54:45,577 --> 00:54:46,911 Investors are texting. 1193 00:54:51,249 --> 00:54:53,122 Hey, no worries. Yeah. 1194 00:54:53,126 --> 00:54:54,749 Just wanted to give you guys an update. 1195 00:54:54,753 --> 00:54:56,250 So we didn't quite hit 60 seconds. 1196 00:54:56,254 --> 00:54:57,668 But it was a really beautiful flight. 1197 00:54:57,672 --> 00:55:02,506 And we got about... we got about 30 seconds of flight. 1198 00:55:02,510 --> 00:55:04,554 It was. Yeah. The night launches are... 1199 00:55:06,056 --> 00:55:07,511 They're always spectacular, so... 1200 00:55:07,515 --> 00:55:09,138 Well, I'll pass that along to the team. 1201 00:55:09,142 --> 00:55:11,390 And thank you so much for all your support. 1202 00:55:11,394 --> 00:55:12,850 I've got to, like, thread a needle... 1203 00:55:12,854 --> 00:55:16,270 - Yeah. - With this stuff because... 1204 00:55:16,274 --> 00:55:18,481 - It's gonna be tough for you. - There's total success. 1205 00:55:18,485 --> 00:55:20,149 And then there's total failure. 1206 00:55:20,153 --> 00:55:22,276 - And this is... it's about... - Yeah. 1207 00:55:22,280 --> 00:55:23,611 Well done. 1208 00:55:23,615 --> 00:55:25,529 This isn't total failure. This isn't total success. 1209 00:55:25,533 --> 00:55:27,948 But it's about... this is great, actually. 1210 00:55:27,952 --> 00:55:29,992 This is a great outcome. 1211 00:55:29,996 --> 00:55:32,203 - We launched. - We launched. And we learned. 1212 00:55:32,207 --> 00:55:35,414 And... so this was a fantastic outcome for the company. 1213 00:55:35,418 --> 00:55:37,875 And no one was hurt. 1214 00:55:37,879 --> 00:55:40,127 It didn't break anything. The rocket flew. 1215 00:55:40,131 --> 00:55:41,504 - Got further. - Got further. 1216 00:55:41,508 --> 00:55:42,880 So, I mean, period. 1217 00:55:42,884 --> 00:55:47,051 Like, full mic drop, this is a great day for this company. 1218 00:55:47,055 --> 00:55:50,266 I'm, like, incredibly happy. 1219 00:55:51,851 --> 00:55:53,724 A private company named Planet Labs has put 1220 00:55:53,728 --> 00:55:56,894 about 300 small satellites into space, 1221 00:55:56,898 --> 00:55:59,313 enough to take a picture of the entire land mass 1222 00:55:59,317 --> 00:56:01,774 of the Earth every day. 1223 00:56:01,778 --> 00:56:04,068 Making it available to everybody, 1224 00:56:04,072 --> 00:56:08,447 people are gonna come up with uses of that imagery 1225 00:56:08,451 --> 00:56:09,990 that you haven't imagined. 1226 00:56:09,994 --> 00:56:11,371 Dreamed of, yeah. 1227 00:56:13,456 --> 00:56:15,454 Now that there are commercial companies 1228 00:56:15,458 --> 00:56:17,707 that have nothing to do with governments 1229 00:56:17,711 --> 00:56:20,418 snapping pictures day after day, 1230 00:56:20,422 --> 00:56:23,258 we're starting to call it open source intelligence. 1231 00:56:25,010 --> 00:56:27,633 Commercial satellites are changing 1232 00:56:27,637 --> 00:56:29,927 the way information is consumed. 1233 00:56:29,931 --> 00:56:34,223 They are giving us data that we did not have access to 1234 00:56:34,227 --> 00:56:35,766 20 years ago. 1235 00:56:35,770 --> 00:56:38,894 Governments and intelligence communities 1236 00:56:38,898 --> 00:56:41,856 have special equipment to take photos. 1237 00:56:41,860 --> 00:56:44,150 Those photos are restricted and classified. 1238 00:56:44,154 --> 00:56:46,944 You can never look at 'em. 1239 00:56:46,948 --> 00:56:49,155 In the run-up to the Iraq War, 1240 00:56:49,159 --> 00:56:52,199 the government disclosed satellite images 1241 00:56:52,203 --> 00:56:53,868 and told the world, 1242 00:56:53,872 --> 00:56:56,829 here's evidence that Iraq has weapons of mass destruction, 1243 00:56:56,833 --> 00:57:00,082 Because this fence and this aluminum tube 1244 00:57:00,086 --> 00:57:03,794 kind of look like something that had to do with weaponry. 1245 00:57:03,798 --> 00:57:07,256 And they're kind of trying to do A plus B equals F. 1246 00:57:07,260 --> 00:57:10,259 This can't happen anymore. 1247 00:57:10,263 --> 00:57:12,636 Right now if you gave me two images 1248 00:57:12,640 --> 00:57:14,847 and you were a government, I would buy 60 images 1249 00:57:14,851 --> 00:57:16,390 over the same time frame, 1250 00:57:16,394 --> 00:57:19,560 and I would tell you what was happening. 1251 00:57:19,564 --> 00:57:22,938 Everything in the world has a visual signature. 1252 00:57:22,942 --> 00:57:26,359 And if you can interpret it... and not a lot of people can... 1253 00:57:26,363 --> 00:57:28,319 it's like you know a language, 1254 00:57:28,323 --> 00:57:30,905 and you can translate for other people. 1255 00:57:30,909 --> 00:57:35,284 I remember, in 2008, I got a tip-off. 1256 00:57:35,288 --> 00:57:37,370 And they said, "Hey, there's an underground 1257 00:57:37,374 --> 00:57:39,246 submarine base in China." 1258 00:57:39,250 --> 00:57:41,207 I didn't think that was true because it sounds 1259 00:57:41,211 --> 00:57:42,792 a little James Bond-y and stupid. 1260 00:57:42,796 --> 00:57:46,629 And he gave me broad, general coordinates. 1261 00:57:46,633 --> 00:57:48,339 There you are. 1262 00:57:48,343 --> 00:57:51,384 There was a lot of evidence kind of mounting 1263 00:57:51,388 --> 00:57:53,886 that this is actually being hollowed out 1264 00:57:53,890 --> 00:57:56,263 so that you could fit in a submarine. 1265 00:57:56,267 --> 00:57:57,890 These are huge piles of dirt. 1266 00:57:57,894 --> 00:57:59,850 And as boring as that sounds, when you see 1267 00:57:59,854 --> 00:58:01,894 massive piles of dirt in a military base, 1268 00:58:01,898 --> 00:58:04,146 you know that a lot of construction is happening. 1269 00:58:04,150 --> 00:58:06,440 They put a little barge here. 1270 00:58:06,444 --> 00:58:08,651 They open up the sea cave. They take the barge. 1271 00:58:08,655 --> 00:58:11,195 And they move it over right here. 1272 00:58:11,199 --> 00:58:14,865 And the only time I've ever seen it removed was here. 1273 00:58:14,869 --> 00:58:16,826 This image was taken 1274 00:58:16,830 --> 00:58:20,329 by a Planet satellite in August of 2020. 1275 00:58:20,333 --> 00:58:23,249 And this is the only image I've ever seen 1276 00:58:23,253 --> 00:58:27,503 where you're actually seeing this Chinese nuclear submarine 1277 00:58:27,507 --> 00:58:29,797 entering that cave. 1278 00:58:29,801 --> 00:58:31,720 I had been looking for this for... 1279 00:58:33,054 --> 00:58:34,848 For 12 years. 1280 00:58:39,811 --> 00:58:42,435 And, safety, can you confirm that red team 1281 00:58:42,439 --> 00:58:46,147 is in a safe location for UHF testing? 1282 00:58:46,151 --> 00:58:48,190 Copy that. Thank you. 1283 00:58:48,194 --> 00:58:49,775 We took about a year. 1284 00:58:49,779 --> 00:58:51,944 And we came back with Rocket 3. 1285 00:58:51,948 --> 00:58:54,321 We had a series of test flights that failed. 1286 00:58:54,325 --> 00:58:58,367 And they failed in ever more spectacular ways. 1287 00:58:58,371 --> 00:58:59,831 Ooh. Ooh. 1288 00:59:01,332 --> 00:59:02,663 It's not good. We hit the ground. 1289 00:59:02,667 --> 00:59:04,999 Like, we hit something. 1290 00:59:05,003 --> 00:59:08,461 Fuck. 1291 00:59:08,465 --> 00:59:10,546 This sucks. 1292 00:59:10,550 --> 00:59:12,344 That, I don't think, was good. 1293 00:59:17,640 --> 00:59:19,805 Dolphin, confirm igniter system is ready for launch. 1294 00:59:19,809 --> 00:59:21,432 It's 2020. 1295 00:59:21,436 --> 00:59:22,979 It's Rocket 3.2. 1296 00:59:24,564 --> 00:59:26,562 This thing has to work 1297 00:59:26,566 --> 00:59:30,941 if Astra wants to consider itself a real rocket company. 1298 00:59:30,945 --> 00:59:33,194 Everything was on the line. 1299 00:59:33,198 --> 00:59:35,571 How's it looking, Lucas? 1300 00:59:35,575 --> 00:59:37,323 OK, tango, at this time, 1301 00:59:37,327 --> 00:59:39,621 I would like you to enable the launch. 1302 00:59:42,290 --> 00:59:44,038 Ten, nine, 1303 00:59:44,042 --> 00:59:46,999 eight, seven, six, 1304 00:59:47,003 --> 00:59:50,211 five, four, three, 1305 00:59:50,215 --> 00:59:53,005 two, one, zero. 1306 00:59:53,009 --> 00:59:54,632 Yes, yes, yes, yes. Let it go. 1307 00:59:54,636 --> 00:59:56,092 Release. 1308 00:59:56,096 --> 00:59:58,223 We have cleared the tower. 1309 01:00:02,018 --> 01:00:05,605 Here we go. Here we go. Here we go. Here we go. 1310 01:00:11,736 --> 01:00:13,442 - Stage. - Stage set. 1311 01:00:13,446 --> 01:00:15,444 Upper-stage ignition enabled. 1312 01:00:15,448 --> 01:00:17,701 Yeah! Yes! Yes! 1313 01:00:21,621 --> 01:00:23,369 - Yes! - Fuck, yes, man. 1314 01:00:23,373 --> 01:00:25,246 - Fuck, yeah! - Jesus Christ. 1315 01:00:25,250 --> 01:00:27,164 Holy shit. 1316 01:00:27,168 --> 01:00:28,332 Fuck, yeah. 1317 01:00:28,336 --> 01:00:29,713 Oh, man. 1318 01:00:35,218 --> 01:00:37,679 Thank you. 1319 01:00:40,807 --> 01:00:42,638 No way. That's our rocket? 1320 01:00:42,642 --> 01:00:43,681 Yeah. 1321 01:00:43,685 --> 01:00:46,813 We're in space. We're definitively in space. 1322 01:00:48,606 --> 01:00:49,603 Oh. 1323 01:00:49,607 --> 01:00:50,855 That's incredible. 1324 01:00:50,859 --> 01:00:52,648 We've got to figure out next steps now 1325 01:00:52,652 --> 01:00:54,483 because we didn't expect to pull this off 1326 01:00:54,487 --> 01:00:56,068 quite this quickly, so we have to... 1327 01:00:56,072 --> 01:00:58,362 got to figure out how to accelerate things now. 1328 01:00:58,366 --> 01:01:00,160 Oh, fuck, yes. 1329 01:01:01,077 --> 01:01:02,324 Did we make orbit? 1330 01:01:02,328 --> 01:01:04,368 We don't know yet. 1331 01:01:04,372 --> 01:01:05,661 - Hey, baby. - Hey, baby. 1332 01:01:05,665 --> 01:01:08,247 We just are in orbit temporarily. 1333 01:01:08,251 --> 01:01:10,541 We made it all the way. 1334 01:01:10,545 --> 01:01:13,794 Lots of videos, like the thing with Earth in the background. 1335 01:01:13,798 --> 01:01:15,171 I love you, sweetie. 1336 01:01:15,175 --> 01:01:17,256 This makes life so much easier for us. 1337 01:01:17,260 --> 01:01:18,887 Our valuation just doubled. 1338 01:01:20,513 --> 01:01:22,803 OK, 22 is the new number. 1339 01:01:22,807 --> 01:01:24,555 Man, 3 years of trying to do this, 1340 01:01:24,559 --> 01:01:27,645 22 tries with this. 1341 01:01:28,772 --> 01:01:30,478 All: Cheers. 1342 01:01:30,482 --> 01:01:32,692 I'm really glad we replaced that battery. 1343 01:01:36,404 --> 01:01:38,652 We have two pictures of what looks like 1344 01:01:38,656 --> 01:01:41,197 we're in orbit, and then silence, right? 1345 01:01:41,201 --> 01:01:43,407 So, like, what do we do to follow that? 1346 01:01:43,411 --> 01:01:45,826 Because the silence is deafening right now. 1347 01:01:45,830 --> 01:01:47,745 Yes, exactly. That's the point. 1348 01:01:47,749 --> 01:01:50,081 I also don't think it's deafening in a bad way, right? 1349 01:01:50,085 --> 01:01:51,582 Yes. It's not deafening in a bad way. 1350 01:01:51,586 --> 01:01:52,958 It's in an incredibly positive way. 1351 01:01:52,962 --> 01:01:56,712 We need to say, "Total mission success," 1352 01:01:56,716 --> 01:01:58,881 exclamation, exclamation. 1353 01:01:58,885 --> 01:02:01,133 You shouldn't call it a 'total mission success.' 1354 01:02:01,137 --> 01:02:03,223 Mission success. 1355 01:02:04,557 --> 01:02:07,056 I wouldn't even say "mission." 1356 01:02:07,060 --> 01:02:09,016 - Huge success. - Huge success. Yeah. 1357 01:02:09,020 --> 01:02:11,022 Yeah, and that'll be vague. I like that. 1358 01:02:18,488 --> 01:02:20,945 Astra, an aerospace company sending satellites, 1359 01:02:20,949 --> 01:02:24,156 not people, into space is debuting on the NASDAQ today, 1360 01:02:24,160 --> 01:02:26,784 listing at a $2 billion valuation. 1361 01:02:26,788 --> 01:02:28,369 You know, there's a trillion-dollar 1362 01:02:28,373 --> 01:02:29,829 space economy that's developing. 1363 01:02:29,833 --> 01:02:32,498 And hundreds of companies over the past few years 1364 01:02:32,502 --> 01:02:34,083 have been formed. 1365 01:02:34,087 --> 01:02:36,711 So, without further ado, I am thrilled to declare 1366 01:02:36,715 --> 01:02:38,925 that space is now open for business. 1367 01:02:44,347 --> 01:02:46,554 This is a space renaissance going on. 1368 01:02:46,558 --> 01:02:49,181 We got new rockets, hundreds of new satellites 1369 01:02:49,185 --> 01:02:50,474 going into space, 1370 01:02:50,478 --> 01:02:51,684 and a big, new economy. 1371 01:02:51,688 --> 01:02:53,185 It's like the birth of the Internet 1372 01:02:53,189 --> 01:02:55,229 going on for space. 1373 01:02:55,233 --> 01:02:56,401 It's exciting times. 1374 01:02:58,695 --> 01:03:00,192 The space industry has transformed 1375 01:03:00,196 --> 01:03:01,402 in the last decade. 1376 01:03:01,406 --> 01:03:03,571 And what drove that was a massive influx 1377 01:03:03,575 --> 01:03:05,906 of venture capital. 1378 01:03:05,910 --> 01:03:07,408 Space is the place. 1379 01:03:07,412 --> 01:03:08,909 Space is hot. 1380 01:03:08,913 --> 01:03:11,412 Tons of money has flooded into this, 1381 01:03:11,416 --> 01:03:12,955 hundreds of billions of dollars 1382 01:03:12,959 --> 01:03:14,790 into all these rocket companies, 1383 01:03:14,794 --> 01:03:17,043 hundreds of billions into these satellite companies. 1384 01:03:17,047 --> 01:03:20,421 When there is this kind of investment into space, 1385 01:03:20,425 --> 01:03:23,257 we do end up with innovations that help people. 1386 01:03:23,261 --> 01:03:25,885 Is the venture-capital community 1387 01:03:25,889 --> 01:03:28,471 in this for altruistic reasons? 1388 01:03:28,475 --> 01:03:30,222 That would not be my view. 1389 01:03:30,226 --> 01:03:33,059 The venture-capital community is in this to make money. 1390 01:03:33,063 --> 01:03:35,644 Doves are flying in outer space. 1391 01:03:35,648 --> 01:03:37,730 And if you're an investor, the pictures they send back 1392 01:03:37,734 --> 01:03:40,983 could bring you a really serious competitive advantage 1393 01:03:40,987 --> 01:03:42,777 and a profit. 1394 01:03:42,781 --> 01:03:45,112 When you have this daily imagery of the Earth, 1395 01:03:45,116 --> 01:03:46,989 it's this huge window 1396 01:03:46,993 --> 01:03:49,909 into the economic activity of our planet. 1397 01:03:49,913 --> 01:03:51,118 From West Texas oil fields 1398 01:03:51,122 --> 01:03:53,579 to Chinese power plants in Xinjiang 1399 01:03:53,583 --> 01:03:55,206 and Argentine lithium mines. 1400 01:03:55,210 --> 01:03:59,293 One of the biggest things that I did in the tech sector 1401 01:03:59,297 --> 01:04:01,879 was look at floating-lid oil tanks. 1402 01:04:01,883 --> 01:04:04,507 They're huge oil-storage tanks 1403 01:04:04,511 --> 01:04:08,052 that as you remove oil from it, the lid depresses. 1404 01:04:08,056 --> 01:04:11,514 You can take an image over that every single day. 1405 01:04:11,518 --> 01:04:14,517 You can measure the shadow of the interior of that. 1406 01:04:14,521 --> 01:04:18,437 And you can actually calculate the volume of oil. 1407 01:04:18,441 --> 01:04:20,064 They do a report every Wednesday, 1408 01:04:20,068 --> 01:04:21,148 how much oil they have. 1409 01:04:21,152 --> 01:04:23,192 But if you get the numbers on Monday, 1410 01:04:23,196 --> 01:04:25,611 then you have a financial advantage. 1411 01:04:25,615 --> 01:04:27,780 Hedge funds is one of the most interesting areas 1412 01:04:27,784 --> 01:04:30,616 in finance because we actually know the soy yield 1413 01:04:30,620 --> 01:04:32,368 of all the world's soy fields before anyone else, 1414 01:04:32,372 --> 01:04:34,078 the crop yields, 1415 01:04:34,082 --> 01:04:36,706 the mining output from all the world's copper mines, 1416 01:04:36,710 --> 01:04:38,124 and so on. 1417 01:04:38,128 --> 01:04:42,503 Now you have these very successful satellite companies 1418 01:04:42,507 --> 01:04:47,091 that do have a lot of power over the information 1419 01:04:47,095 --> 01:04:49,931 that describes our lives. 1420 01:04:53,935 --> 01:04:55,937 What the fuck is that? 1421 01:04:56,813 --> 01:04:59,020 More than half the satellites in space 1422 01:04:59,024 --> 01:05:02,231 are owned and controlled by one man. 1423 01:05:02,235 --> 01:05:04,734 Elon Musk and his company Starlink 1424 01:05:04,738 --> 01:05:06,527 operate more than 4,500 of them. 1425 01:05:06,531 --> 01:05:08,863 So, if I type in Starlink, 1426 01:05:08,867 --> 01:05:11,699 these are all the satellites that are operated by SpaceX. 1427 01:05:11,703 --> 01:05:15,077 They will launch them 20 at a time, 60 at a time. 1428 01:05:15,081 --> 01:05:18,956 That is a new thing in the space industry 1429 01:05:18,960 --> 01:05:21,292 over the last few years. 1430 01:05:21,296 --> 01:05:24,337 SpaceX has moved so fast 1431 01:05:24,341 --> 01:05:26,922 that they have become clearly dominant. 1432 01:05:26,926 --> 01:05:30,051 They are the world's largest satellite maker 1433 01:05:30,055 --> 01:05:32,682 by many, many times. 1434 01:05:34,851 --> 01:05:39,143 There are challenges with the satellite era 1435 01:05:39,147 --> 01:05:41,771 in terms of the environmental impact 1436 01:05:41,775 --> 01:05:45,570 of humans industrializing outer space. 1437 01:05:47,030 --> 01:05:48,652 In 2009, 1438 01:05:48,656 --> 01:05:50,946 an Iridium Communications satellite 1439 01:05:50,950 --> 01:05:53,240 was happily orbiting over the Arctic 1440 01:05:53,244 --> 01:05:56,869 when a dead Russian communications satellite 1441 01:05:56,873 --> 01:05:59,830 from the '90s headed the same way. 1442 01:05:59,834 --> 01:06:02,375 And they smashed into each other. 1443 01:06:02,379 --> 01:06:04,627 Thousands of debris objects, 1444 01:06:04,631 --> 01:06:07,963 many of which are still in orbit today. 1445 01:06:07,967 --> 01:06:12,430 This was the most serious orbital collision to date. 1446 01:06:14,432 --> 01:06:16,847 We track all the satellites, all the space debris. 1447 01:06:16,851 --> 01:06:19,809 It's sort of like air traffic control for space. 1448 01:06:19,813 --> 01:06:21,602 So you see on this globe 1449 01:06:21,606 --> 01:06:24,605 everything that we've been tracking over the last day, 1450 01:06:24,609 --> 01:06:27,400 so over 20,000 objects, 1451 01:06:27,404 --> 01:06:30,194 satellites, pieces of debris, 1452 01:06:30,198 --> 01:06:32,780 stuff down to, like, a centimeter in size, 1453 01:06:32,784 --> 01:06:34,907 you know, about the size of this screw. 1454 01:06:34,911 --> 01:06:37,702 And we basically keep tabs on all of that 1455 01:06:37,706 --> 01:06:41,622 and then generate alerts when important changes happen. 1456 01:06:41,626 --> 01:06:44,333 There are always close calls with space debris. 1457 01:06:44,337 --> 01:06:47,716 I was a NASA astronaut from 1995 until 2007. 1458 01:06:50,176 --> 01:06:51,549 I remember an instance 1459 01:06:51,553 --> 01:06:53,759 where we were told by mission control 1460 01:06:53,763 --> 01:06:56,053 that we were gonna have a close approach. 1461 01:06:56,057 --> 01:06:59,223 Never saw it, which goes to show you how hard it is 1462 01:06:59,227 --> 01:07:01,475 to see something going 20 times faster 1463 01:07:01,479 --> 01:07:02,939 than a speeding bullet. 1464 01:07:04,858 --> 01:07:08,649 We really do have to start cleaning up 1465 01:07:08,653 --> 01:07:10,443 low Earth orbit. 1466 01:07:10,447 --> 01:07:14,113 In the decades to come, if we do nothing, 1467 01:07:14,117 --> 01:07:17,033 we will start to see more and more collisions 1468 01:07:17,037 --> 01:07:19,618 and more and more satellites destroyed 1469 01:07:19,622 --> 01:07:22,246 due to these collisions. 1470 01:07:22,250 --> 01:07:26,042 It's the gateway if you want to go anywhere else in space. 1471 01:07:26,046 --> 01:07:29,879 If you want to go to the moon, if you want to go to Mars, 1472 01:07:29,883 --> 01:07:31,881 if you want to put up a telescope 1473 01:07:31,885 --> 01:07:34,967 like the James Webb to peer at other galaxies, 1474 01:07:34,971 --> 01:07:38,429 you've got to go in and through low Earth orbit. 1475 01:07:38,433 --> 01:07:40,473 So, if it becomes a mess, 1476 01:07:40,477 --> 01:07:44,606 then we've actually limited ourselves to Earth. 1477 01:07:50,153 --> 01:07:52,693 So, like, in typical Astra fashion, 1478 01:07:52,697 --> 01:07:54,695 you've just reached the edge of orbit. 1479 01:07:54,699 --> 01:07:57,281 You hope the next one is a total success. 1480 01:07:57,285 --> 01:08:00,534 Instead of that, a few months later, in 2021, 1481 01:08:00,538 --> 01:08:03,458 Astra has their infamous sideways rocket. 1482 01:08:06,753 --> 01:08:10,711 The rocket lost one of five engines almost immediately. 1483 01:08:10,715 --> 01:08:13,798 It pretty much went sideways. 1484 01:08:13,802 --> 01:08:16,012 It just goes out the fence and then up. 1485 01:08:21,393 --> 01:08:23,057 We've got a stock that's really losing 1486 01:08:23,061 --> 01:08:25,059 a lot of ground this morning, 1487 01:08:25,063 --> 01:08:27,436 and that is Astra Space. 1488 01:08:27,440 --> 01:08:29,188 It was their first commercial mission. 1489 01:08:29,192 --> 01:08:30,940 - And it was not a success. - No, it's not. 1490 01:08:30,944 --> 01:08:33,484 So that stock's down. Look at that. Wow. 1491 01:08:33,488 --> 01:08:34,777 17%. 1492 01:08:34,781 --> 01:08:36,070 That thing's just going sideways. 1493 01:08:36,074 --> 01:08:37,071 I know. 1494 01:08:37,075 --> 01:08:39,073 Again, a couple steps forward, 1495 01:08:39,077 --> 01:08:40,157 several steps backwards. 1496 01:08:40,161 --> 01:08:42,038 Five, four... 1497 01:08:54,634 --> 01:08:59,385 In 2021, everything finally happens in Astra's favor. 1498 01:08:59,389 --> 01:09:03,180 And Astra's LV0007 has successfully reached orbit. 1499 01:09:03,184 --> 01:09:05,433 There is a new orbital rocket. 1500 01:09:05,437 --> 01:09:07,143 Take a look at rocket upstart Astra Space. 1501 01:09:07,147 --> 01:09:08,477 Shares surging yesterday, 1502 01:09:08,481 --> 01:09:10,312 as much as 30% at one point, 1503 01:09:10,316 --> 01:09:12,648 after its small rocket successfully reached orbit 1504 01:09:12,652 --> 01:09:14,984 on Saturday. 1505 01:09:14,988 --> 01:09:17,236 The milestone makes Astra 1506 01:09:17,240 --> 01:09:20,744 the fastest launch company ever to reach orbit. 1507 01:09:23,288 --> 01:09:26,412 Seeing failure after failure lead to success, 1508 01:09:26,416 --> 01:09:28,539 everyone is just incredibly 1509 01:09:28,543 --> 01:09:30,166 passionate about... 1510 01:09:30,170 --> 01:09:31,625 corks are flying. 1511 01:09:31,629 --> 01:09:34,754 Astra becoming just the fourth U.S. company 1512 01:09:34,758 --> 01:09:36,172 to privately fund and develop 1513 01:09:36,176 --> 01:09:37,840 a rocket that has reached orbit. 1514 01:09:37,844 --> 01:09:39,884 They're joining a small group of companies... 1515 01:09:39,888 --> 01:09:42,599 SpaceX, Virgin Orbit, and Rocket Lab. 1516 01:09:46,269 --> 01:09:47,892 What happens in the space business 1517 01:09:47,896 --> 01:09:49,810 once you accomplish this is, 1518 01:09:49,814 --> 01:09:53,606 governments start to award you contracts. 1519 01:09:53,610 --> 01:09:56,567 NASA had this mission called TROPICS. 1520 01:09:56,571 --> 01:10:00,071 They were gonna borrow from some of Planet Labs' ideas 1521 01:10:00,075 --> 01:10:03,699 and put up a lot of satellites to measure the weather. 1522 01:10:03,703 --> 01:10:07,536 At NASA, we try to bring in small launch companies 1523 01:10:07,540 --> 01:10:10,581 just so we can help create that competitive environment. 1524 01:10:10,585 --> 01:10:15,002 It is in our best interest that we get the best price. 1525 01:10:15,006 --> 01:10:17,380 This is the chance where you show it wasn't luck. 1526 01:10:17,384 --> 01:10:19,840 It was like, we know exactly what we're doing. 1527 01:10:19,844 --> 01:10:23,052 We can do this again and again. 1528 01:10:23,056 --> 01:10:24,428 Good morning, everyone. 1529 01:10:24,432 --> 01:10:26,722 And welcome to today's live launch coverage. 1530 01:10:26,726 --> 01:10:30,476 LV0010 marks Astra's mission with NASA. 1531 01:10:30,480 --> 01:10:32,645 And it is the first of three launches 1532 01:10:32,649 --> 01:10:36,649 to deliver the NASA TROPICS satellites to low Earth orbit. 1533 01:10:36,653 --> 01:10:38,113 Five, four... 1534 01:10:50,750 --> 01:10:52,206 The teams at Alameda 1535 01:10:52,210 --> 01:10:54,291 watching on as the flight progresses. 1536 01:10:54,295 --> 01:10:56,085 Again, the flight, going well so far. 1537 01:10:56,089 --> 01:10:59,338 Can see it taking off from below. 1538 01:10:59,342 --> 01:11:01,803 And there is stage separation. 1539 01:11:04,055 --> 01:11:06,345 Seven minutes in the flight, just a little over 1540 01:11:06,349 --> 01:11:09,102 a minute left in the planned upper-stage burn. 1541 01:11:20,405 --> 01:11:23,366 We have a premature second-engine cutoff. 1542 01:11:25,326 --> 01:11:27,700 We had a nominal first-stage flight. 1543 01:11:27,704 --> 01:11:30,703 However, the upper-stage engine did shut down early. 1544 01:11:30,707 --> 01:11:33,247 And we did not deliver our payloads to orbit. 1545 01:11:33,251 --> 01:11:35,124 We will end the broadcast here. 1546 01:11:35,128 --> 01:11:37,255 And thank you for sticking with us today. 1547 01:11:39,257 --> 01:11:43,049 An Astra rocket launch from the Cape on Sunday failed. 1548 01:11:43,053 --> 01:11:45,634 The startup was unable to put satellites into orbit. 1549 01:11:45,638 --> 01:11:48,554 It seems like it was an engine-related issue 1550 01:11:48,558 --> 01:11:52,058 very, very late in the second-stage burn. 1551 01:11:52,062 --> 01:11:53,601 They were almost to orbit. 1552 01:11:53,605 --> 01:11:55,770 In fact, they were probably maybe 20 seconds away 1553 01:11:55,774 --> 01:11:57,734 from actually attaining orbit. 1554 01:12:10,372 --> 01:12:12,328 This image taken from a satellite 1555 01:12:12,332 --> 01:12:15,331 about 280 miles over Earth. 1556 01:12:15,335 --> 01:12:17,833 When Russia invaded Ukraine, 1557 01:12:17,837 --> 01:12:20,670 it was an all-hands-on-deck for our company. 1558 01:12:20,674 --> 01:12:23,506 Planet's technology has been essential in tracking 1559 01:12:23,510 --> 01:12:25,966 Russia's ongoing war in Ukraine. 1560 01:12:25,970 --> 01:12:27,468 You had Russia telling us 1561 01:12:27,472 --> 01:12:29,303 they were not gonna invade Ukraine. 1562 01:12:29,307 --> 01:12:33,265 In our imagery, you could see the troop buildup. 1563 01:12:33,269 --> 01:12:36,769 This is now the first war that everyone gets to see 1564 01:12:36,773 --> 01:12:38,562 what's happening in real time. 1565 01:12:38,566 --> 01:12:40,773 The Russian army does not strike 1566 01:12:40,777 --> 01:12:42,817 at any civilian targets. 1567 01:12:42,821 --> 01:12:44,819 Putin said, "We don't bomb civilian targets." 1568 01:12:44,823 --> 01:12:46,445 We showed the next day on the front page 1569 01:12:46,449 --> 01:12:47,863 of "The New York Times" 1570 01:12:47,867 --> 01:12:50,449 the five hospitals and schools that they had bombed. 1571 01:12:50,453 --> 01:12:52,493 So how do you know these are new graves? 1572 01:12:52,497 --> 01:12:54,078 This is fresh brown dirt. 1573 01:12:54,082 --> 01:12:56,414 And they've been using bulldozers 1574 01:12:56,418 --> 01:12:59,583 to slowly dig out these trenches. 1575 01:12:59,587 --> 01:13:02,294 The broad impact, I think, is that it's helping 1576 01:13:02,298 --> 01:13:04,630 to lift the fog of war. 1577 01:13:04,634 --> 01:13:06,590 Planet's clients include the U.S. government 1578 01:13:06,594 --> 01:13:08,384 and many other governments. 1579 01:13:08,388 --> 01:13:11,762 You know, their key objective was a utopian one. 1580 01:13:11,766 --> 01:13:14,390 In fact, they called their satellites Doves, 1581 01:13:14,394 --> 01:13:16,392 that they were sort of peace sats. 1582 01:13:16,396 --> 01:13:20,146 Now, what's interesting to me is that 1583 01:13:20,150 --> 01:13:22,902 a peace sat can do a lot of things. 1584 01:13:24,696 --> 01:13:27,236 With any new technology, right, 1585 01:13:27,240 --> 01:13:30,239 it comes with the great hope for the future. 1586 01:13:30,243 --> 01:13:32,700 And then reality sets in, 1587 01:13:32,704 --> 01:13:35,745 and you realize that, as with anything that humans do, 1588 01:13:35,749 --> 01:13:37,459 there are pluses and minuses. 1589 01:13:39,044 --> 01:13:41,042 The founders of Planet have talked 1590 01:13:41,046 --> 01:13:44,045 about how their goal was 1591 01:13:44,049 --> 01:13:49,008 to use this imaging technology for the benefit of the world, 1592 01:13:49,012 --> 01:13:52,386 particularly choosing the resolution of the camera 1593 01:13:52,390 --> 01:13:55,765 so that it was good enough to count every tree 1594 01:13:55,769 --> 01:13:58,059 and not high enough 1595 01:13:58,063 --> 01:14:01,020 to raise privacy concerns. 1596 01:14:01,024 --> 01:14:02,229 On the other hand, 1597 01:14:02,233 --> 01:14:05,487 a lot of their market now is the military. 1598 01:14:07,197 --> 01:14:09,987 This gives any country the same power 1599 01:14:09,991 --> 01:14:13,574 that a superpower like Russia or China had before. 1600 01:14:13,578 --> 01:14:14,867 Now they can see 1601 01:14:14,871 --> 01:14:16,702 everything that's happening in their country. 1602 01:14:16,706 --> 01:14:18,245 And, like, maybe they use that for good. 1603 01:14:18,249 --> 01:14:19,955 And maybe they use that for bad. 1604 01:14:19,959 --> 01:14:22,124 Like, if you want to know 1605 01:14:22,128 --> 01:14:24,960 where some refugees are hiding out, 1606 01:14:24,964 --> 01:14:28,047 you can watch that all the time. 1607 01:14:28,051 --> 01:14:31,425 The technology to get higher-resolution imagery 1608 01:14:31,429 --> 01:14:32,927 is emerging. 1609 01:14:32,931 --> 01:14:35,596 And the government's regulation is receding. 1610 01:14:35,600 --> 01:14:38,933 Privacy is very much an issue. 1611 01:14:38,937 --> 01:14:41,310 Right now if a guy wanted to look 1612 01:14:41,314 --> 01:14:43,854 at his ex-wife's driveway 1613 01:14:43,858 --> 01:14:46,148 to see if her car's there or not, 1614 01:14:46,152 --> 01:14:50,194 the guy could conceivably take two satellite images a day. 1615 01:14:50,198 --> 01:14:53,410 We're not safe from satellite-imagery analysis. 1616 01:14:59,207 --> 01:15:00,496 Hello, and welcome 1617 01:15:00,500 --> 01:15:02,456 to Rocket Lab's mission control center 1618 01:15:02,460 --> 01:15:05,751 in Auckland, New Zealand, for Rocket Like a Hurricane, 1619 01:15:05,755 --> 01:15:08,045 a dedicated mission for NASA to launch 1620 01:15:08,049 --> 01:15:09,839 the TROPICS constellation 1621 01:15:09,843 --> 01:15:11,928 of hurricane-monitoring satellites. 1622 01:15:17,017 --> 01:15:20,474 The original contract was awarded to another provider. 1623 01:15:20,478 --> 01:15:22,143 They put it in the ocean. 1624 01:15:22,147 --> 01:15:25,688 And then they awarded it to us, 1625 01:15:25,692 --> 01:15:28,315 and we successfully put it into orbit. 1626 01:15:28,319 --> 01:15:29,946 End of story. 1627 01:15:31,906 --> 01:15:34,739 NASA awards all the future contracts 1628 01:15:34,743 --> 01:15:37,408 to Rocket Lab for the TROPICS mission. 1629 01:15:37,412 --> 01:15:42,042 And so, like, clear blow to Chris. 1630 01:15:45,462 --> 01:15:49,420 We've been trading right now under a dollar a share 1631 01:15:49,424 --> 01:15:51,881 for the majority of this year. 1632 01:15:51,885 --> 01:15:55,217 And NASDAQ will not allow us to remain listed 1633 01:15:55,221 --> 01:15:58,971 if we do not trade for more than a dollar a share 1634 01:15:58,975 --> 01:16:00,973 for more than ten trading days. 1635 01:16:00,977 --> 01:16:04,393 So we're kind of in this laser-focus mode, 1636 01:16:04,397 --> 01:16:06,812 where let's make every penny count. 1637 01:16:06,816 --> 01:16:10,983 Let's make every person count. Let's make every hour count. 1638 01:16:10,987 --> 01:16:13,819 On paper, Astra still might have 1639 01:16:13,823 --> 01:16:16,655 enough money to build a larger rocket 1640 01:16:16,659 --> 01:16:18,991 and get to launch it. 1641 01:16:18,995 --> 01:16:22,328 They're in a tricky spot financially, mainly, 1642 01:16:22,332 --> 01:16:24,413 but also some technical hurdles. 1643 01:16:24,417 --> 01:16:26,415 But without money, you can't continue, right? 1644 01:16:26,419 --> 01:16:28,584 This is about two years in the making. 1645 01:16:28,588 --> 01:16:31,712 A lot of people have lost a lot of trust in Astra, 1646 01:16:31,716 --> 01:16:34,423 generally, the market people and their confidence 1647 01:16:34,427 --> 01:16:36,467 in our ability to go deliver, 1648 01:16:36,471 --> 01:16:38,135 whether or not they think we can do that. 1649 01:16:38,139 --> 01:16:39,387 The stakes are pretty high. 1650 01:16:39,391 --> 01:16:41,097 We need to be successful out the gate. 1651 01:16:41,101 --> 01:16:43,557 We can't afford to have another mishap mission. 1652 01:16:43,561 --> 01:16:45,726 So reliability needs to be up. 1653 01:16:45,730 --> 01:16:47,478 Qualification needs to be up. 1654 01:16:47,482 --> 01:16:50,690 It's the old story of just try, try again. 1655 01:16:50,694 --> 01:16:53,984 And sometimes the company goes down. 1656 01:16:53,988 --> 01:16:55,778 In the case of Chris Kemp, 1657 01:16:55,782 --> 01:16:58,614 he's had a few that have gone down. 1658 01:16:58,618 --> 01:17:00,366 But he keeps trying. 1659 01:17:00,370 --> 01:17:02,368 And now I'd like to invite Chris Kemp 1660 01:17:02,372 --> 01:17:04,620 back onstage for one more thing. 1661 01:17:04,624 --> 01:17:07,248 Cool. Thanks, Margot. 1662 01:17:07,252 --> 01:17:09,333 Thanks, Margot. 1663 01:17:09,337 --> 01:17:13,045 And I need my mic on a little bit. 1664 01:17:13,049 --> 01:17:14,880 I'm gonna just do the walk-on-stage thing 1665 01:17:14,884 --> 01:17:16,507 one more time. 1666 01:17:16,511 --> 01:17:18,634 Tomorrow morning we have several hundred people 1667 01:17:18,638 --> 01:17:20,469 from across the space industry... 1668 01:17:20,473 --> 01:17:22,471 shareholders of Astra, customers of Astra, 1669 01:17:22,475 --> 01:17:24,724 press, media, analysts. 1670 01:17:24,728 --> 01:17:27,643 So it was a difficult year for Astra. 1671 01:17:27,647 --> 01:17:29,854 And there's no way to sugarcoat that. 1672 01:17:29,858 --> 01:17:32,273 Chris is an incredible entrepreneur. 1673 01:17:32,277 --> 01:17:36,068 He has pulled rabbits out of hats on many occasions. 1674 01:17:36,072 --> 01:17:38,654 I really can't tell you which way it's gonna go. 1675 01:17:38,658 --> 01:17:41,490 But it's not like there's a trivial probability 1676 01:17:41,494 --> 01:17:43,784 of it blowing up, so to speak. 1677 01:17:43,788 --> 01:17:46,996 In the spirit of announcing new products, 1678 01:17:47,000 --> 01:17:48,914 I wanted to, on behalf of everyone 1679 01:17:48,918 --> 01:17:52,881 here at Astra, announce Rocket 4. 1680 01:18:02,390 --> 01:18:05,556 We had to put everything into this new rocket. 1681 01:18:05,560 --> 01:18:07,767 So I think that there are two scenarios here. 1682 01:18:07,771 --> 01:18:09,685 We either succeed, 1683 01:18:09,689 --> 01:18:11,441 or we're done. 1684 01:18:15,111 --> 01:18:18,736 A bunch of space companies are gonna fail. 1685 01:18:18,740 --> 01:18:21,030 That's the nature of venture-funded companies. 1686 01:18:21,034 --> 01:18:23,491 Does that mean those companies just go away? 1687 01:18:23,495 --> 01:18:25,117 The capabilities go away? 1688 01:18:25,121 --> 01:18:27,499 The technology goes away? The people go... No. 1689 01:18:29,084 --> 01:18:31,749 Virgin Orbit went bankrupt recently. 1690 01:18:31,753 --> 01:18:34,251 And its competitors bought its facilities, 1691 01:18:34,255 --> 01:18:37,634 took over its leases, hired its experts. 1692 01:18:38,677 --> 01:18:39,840 They did go bankrupt. 1693 01:18:39,844 --> 01:18:42,301 And, you know, we bought their assets. 1694 01:18:42,305 --> 01:18:46,309 And their assets live on now building Neutron. 1695 01:18:49,479 --> 01:18:51,977 It is an absolute beast. 1696 01:18:51,981 --> 01:18:53,562 It stands 40 meters tall. 1697 01:18:53,566 --> 01:18:55,856 It has a 7-meter diameter at the base 1698 01:18:55,860 --> 01:18:57,946 and a 5-meter class fairing. 1699 01:19:00,532 --> 01:19:03,656 So Neutron is basically our answer 1700 01:19:03,660 --> 01:19:07,451 to a SpaceX Falcon 9-class rocket. 1701 01:19:07,455 --> 01:19:09,704 It's fairly clear that SpaceX are 1702 01:19:09,708 --> 01:19:11,789 absolutely the dominant player. 1703 01:19:11,793 --> 01:19:13,916 They're almost a monopoly, if you will. 1704 01:19:13,920 --> 01:19:16,006 It's good to have some competition. 1705 01:19:17,674 --> 01:19:19,964 We think we've got a reusable vehicle 1706 01:19:19,968 --> 01:19:22,174 that will be really, really competitive. 1707 01:19:22,178 --> 01:19:24,635 We'll build it and bring it to market. 1708 01:19:24,639 --> 01:19:26,721 And, you know, we'll see... 1709 01:19:26,725 --> 01:19:28,852 we'll see who wins. 1710 01:19:30,687 --> 01:19:32,810 Rocket Lab is taking all their money. 1711 01:19:32,814 --> 01:19:35,312 And they're putting it into a giant vehicle 1712 01:19:35,316 --> 01:19:37,606 that will compete directly with Falcon 9. 1713 01:19:37,610 --> 01:19:41,694 So they are moving away from a small vehicle 1714 01:19:41,698 --> 01:19:45,322 mostly because we're gonna, at some point, eat their lunch. 1715 01:19:45,326 --> 01:19:46,991 Ah, fuck. 1716 01:19:46,995 --> 01:19:51,162 I mean, probably a call with him is best. 1717 01:19:51,166 --> 01:19:52,538 Quarter is burning away. 1718 01:19:52,542 --> 01:19:54,874 We're burning time. We're burning money. 1719 01:19:54,878 --> 01:19:57,585 And I have a $1,400 water-jet garnet PO. 1720 01:19:57,589 --> 01:19:59,211 If we can push that payment through, 1721 01:19:59,215 --> 01:20:01,172 that'll keep the water-jet running. 1722 01:20:01,176 --> 01:20:02,923 Something's got to give. 1723 01:20:02,927 --> 01:20:04,383 And now is the time to break it and go and fix it. 1724 01:20:04,387 --> 01:20:05,760 Or I will simply just take it over 1725 01:20:05,764 --> 01:20:07,178 and fucking run it myself. 1726 01:20:07,182 --> 01:20:08,721 Astra's admitted out loud 1727 01:20:08,725 --> 01:20:11,766 they're not only pushing Rocket 4 back, 1728 01:20:11,770 --> 01:20:16,228 but, also, they might not even get to launch the rocket 1729 01:20:16,232 --> 01:20:18,189 because they really don't have enough money 1730 01:20:18,193 --> 01:20:19,648 to do it at the moment. 1731 01:20:19,652 --> 01:20:21,359 These scenarios have to be matched 1732 01:20:21,363 --> 01:20:23,736 to what is desired in terms of outcome... 1733 01:20:23,740 --> 01:20:24,862 near-term and long-term. 1734 01:20:24,866 --> 01:20:26,072 In terms of the schedule. 1735 01:20:26,076 --> 01:20:27,782 In terms of a desired launch date, yeah. 1736 01:20:27,786 --> 01:20:30,451 So we had a board meeting. 1737 01:20:30,455 --> 01:20:32,703 What the board's looking at is, they're looking at that plan. 1738 01:20:32,707 --> 01:20:34,789 And they're saying, if you want a year of runway, 1739 01:20:34,793 --> 01:20:36,374 you have to cut more. 1740 01:20:36,378 --> 01:20:38,668 And that'll cause the market to respond 1741 01:20:38,672 --> 01:20:40,670 very favorably to the transaction. 1742 01:20:40,674 --> 01:20:43,381 But the dichotomy is, in order to achieve that, 1743 01:20:43,385 --> 01:20:45,049 we have to cut deeper. 1744 01:20:45,053 --> 01:20:49,095 So, to save ourselves, we have to cut ourselves. 1745 01:20:49,099 --> 01:20:53,224 If we can lead the team through the ultimate sacrifice 1746 01:20:53,228 --> 01:20:55,851 of everyone being let go... 1747 01:20:55,855 --> 01:20:58,479 but then potentially getting 1748 01:20:58,483 --> 01:21:00,439 all these contracts and getting the financing, 1749 01:21:00,443 --> 01:21:01,857 we might not have to let... 1750 01:21:01,861 --> 01:21:04,485 Well, we probably will still let some people go. 1751 01:21:04,489 --> 01:21:07,530 But we might not have to let anywhere near as many go. 1752 01:21:07,534 --> 01:21:09,077 That's the challenge. 1753 01:21:14,874 --> 01:21:16,080 You got to do something, right? 1754 01:21:16,084 --> 01:21:19,375 I mean, you can't... you know, clock is ticking. 1755 01:21:19,379 --> 01:21:22,128 Just know, when we succeed, it's gonna make... 1756 01:21:22,132 --> 01:21:24,463 it's gonna be great to watch. 1757 01:21:24,467 --> 01:21:27,804 And we are gonna succeed. Failure is not an option. 1758 01:21:33,476 --> 01:21:35,558 Today Planet images the entire Earth 1759 01:21:35,562 --> 01:21:37,101 every single day. 1760 01:21:37,105 --> 01:21:38,648 Mission accomplished. 1761 01:21:40,984 --> 01:21:41,939 Thank you. 1762 01:21:41,943 --> 01:21:44,066 What's Mission 2? 1763 01:21:44,070 --> 01:21:45,989 It's space plus AI. 1764 01:21:47,282 --> 01:21:51,073 I'm really excited about the future of AI 1765 01:21:51,077 --> 01:21:53,325 on top of Planet's data. 1766 01:21:53,329 --> 01:21:55,661 You know, we're scanning the whole Earth every day... 1767 01:21:55,665 --> 01:21:58,664 4 million pictures of the Earth each day. 1768 01:21:58,668 --> 01:22:00,750 It's an insane amount of data. 1769 01:22:00,754 --> 01:22:02,877 By turning each picture into information 1770 01:22:02,881 --> 01:22:05,129 about what's going on in that picture, 1771 01:22:05,133 --> 01:22:07,131 we're enabling you to search the Earth. 1772 01:22:07,135 --> 01:22:10,968 The potential there is to do planetary-scale forensics, 1773 01:22:10,972 --> 01:22:13,596 to look back in time through our archive 1774 01:22:13,600 --> 01:22:15,598 and find things that you didn't even know now 1775 01:22:15,602 --> 01:22:16,807 you needed to look for. 1776 01:22:16,811 --> 01:22:19,643 Planet, in a way, has turned on the time machine. 1777 01:22:19,647 --> 01:22:21,145 We're getting to the point 1778 01:22:21,149 --> 01:22:24,148 where you don't even have to train the AI 1779 01:22:24,152 --> 01:22:26,150 on any object you want to find. 1780 01:22:26,154 --> 01:22:28,944 You can actually just show it one example. 1781 01:22:28,948 --> 01:22:30,154 And it will just go 1782 01:22:30,158 --> 01:22:32,365 and find all of the others automatically, 1783 01:22:32,369 --> 01:22:33,741 even find things 1784 01:22:33,745 --> 01:22:35,618 you don't even know you want to look for. 1785 01:22:35,622 --> 01:22:38,496 It's just getting to a point of tremendous power 1786 01:22:38,500 --> 01:22:41,582 that is much simpler now than it was 1787 01:22:41,586 --> 01:22:43,793 even just a year ago. 1788 01:22:43,797 --> 01:22:46,128 There is opportunity and risk 1789 01:22:46,132 --> 01:22:47,505 in the commercial sector. 1790 01:22:47,509 --> 01:22:49,048 I think we'll see more innovation. 1791 01:22:49,052 --> 01:22:51,550 And we'll see things moving faster. 1792 01:22:51,554 --> 01:22:54,178 That also means that there is a shifting 1793 01:22:54,182 --> 01:22:55,975 of where power is coming from. 1794 01:22:59,187 --> 01:23:01,606 In Ukraine's fight to push out Russian invaders... 1795 01:23:02,899 --> 01:23:05,189 One of the most critical pieces of technology 1796 01:23:05,193 --> 01:23:07,191 doesn't fire rockets or bullets. 1797 01:23:07,195 --> 01:23:10,361 It's small, easy-to-use satellite internet terminals 1798 01:23:10,365 --> 01:23:11,408 called Starlink. 1799 01:23:13,076 --> 01:23:15,199 And they've been vital for soldiers' communication, 1800 01:23:15,203 --> 01:23:18,369 flying drones, and artillery targeting. 1801 01:23:18,373 --> 01:23:21,455 Antennas had been put all over Ukraine. 1802 01:23:21,459 --> 01:23:23,124 The military could communicate. 1803 01:23:23,128 --> 01:23:24,834 The government could communicate. 1804 01:23:24,838 --> 01:23:29,422 All of Russia's best-laid plans were now under serious threat. 1805 01:23:29,426 --> 01:23:31,215 You can make a very strong case 1806 01:23:31,219 --> 01:23:33,676 that Ukraine was able to fight this war successfully 1807 01:23:33,680 --> 01:23:35,594 because of this technology. 1808 01:23:35,598 --> 01:23:37,263 Last week reports emerged 1809 01:23:37,267 --> 01:23:41,308 of widespread sudden Starlink outages on the front line. 1810 01:23:41,312 --> 01:23:43,811 Is that something that SpaceX is doing intentionally? 1811 01:23:43,815 --> 01:23:47,648 Elon Musk has complete control of the technology 1812 01:23:47,652 --> 01:23:51,569 and can turn off satellites whenever he wants. 1813 01:23:51,573 --> 01:23:55,448 If Elon wants Starlink to be running in Ukraine, 1814 01:23:55,452 --> 01:23:56,782 it's running in Ukraine. 1815 01:23:56,786 --> 01:23:59,452 When he decides he's had a nice phone call 1816 01:23:59,456 --> 01:24:02,455 with Vladimir Putin and he wants to turn Starlink off, 1817 01:24:02,459 --> 01:24:03,622 he can do that. 1818 01:24:03,626 --> 01:24:06,459 The U.S. government, European allies... 1819 01:24:06,463 --> 01:24:08,336 there's nothing they can do. 1820 01:24:08,340 --> 01:24:10,838 They have nothing equivalent to Starlink 1821 01:24:10,842 --> 01:24:12,882 to replace this technology. 1822 01:24:12,886 --> 01:24:15,676 Musk says he was reportedly afraid 1823 01:24:15,680 --> 01:24:19,347 that Russia would retaliate with nuclear weapons. 1824 01:24:19,351 --> 01:24:22,641 Musk says that's based on his private discussions 1825 01:24:22,645 --> 01:24:26,896 he had with senior Russian officials. 1826 01:24:26,900 --> 01:24:30,274 This is one grand regime change 1827 01:24:30,278 --> 01:24:33,569 from countries that used to control all this power 1828 01:24:33,573 --> 01:24:35,029 now to individuals. 1829 01:24:35,033 --> 01:24:37,114 That has military and political leaders 1830 01:24:37,118 --> 01:24:40,826 around the world worried and questioning 1831 01:24:40,830 --> 01:24:45,414 whether one man should have complete control of the skies. 1832 01:24:45,418 --> 01:24:48,584 Russia may be keeping an additional eye 1833 01:24:48,588 --> 01:24:50,628 on the war in Ukraine from space. 1834 01:24:50,632 --> 01:24:53,339 The Americans claim that China is using 1835 01:24:53,343 --> 01:24:54,924 its low Earth orbit satellites 1836 01:24:54,928 --> 01:24:58,719 to spy on American military installations. 1837 01:24:58,723 --> 01:25:00,638 Satellites are a target. 1838 01:25:00,642 --> 01:25:02,890 If you can destroy the enemy's satellite capability, 1839 01:25:02,894 --> 01:25:05,726 then you can get a decisive advantage. 1840 01:25:05,730 --> 01:25:08,229 India launched its first successful 1841 01:25:08,233 --> 01:25:10,314 anti-satellite missile on Wednesday. 1842 01:25:10,318 --> 01:25:11,941 There are many different ways 1843 01:25:11,945 --> 01:25:13,776 you can do an anti-satellite test. 1844 01:25:13,780 --> 01:25:15,861 One of them is to launch a missile from the ground 1845 01:25:15,865 --> 01:25:18,072 and hit your own satellite, which just, you know, 1846 01:25:18,076 --> 01:25:19,824 breaks up into a million pieces. 1847 01:25:19,828 --> 01:25:23,327 Outrage from U.S. officials after Russia carried out 1848 01:25:23,331 --> 01:25:25,079 a missile test early Monday, 1849 01:25:25,083 --> 01:25:27,415 obliterating one of its own satellites 1850 01:25:27,419 --> 01:25:29,417 and creating a vast debris field 1851 01:25:29,421 --> 01:25:31,377 that's now orbiting Earth. 1852 01:25:31,381 --> 01:25:35,798 They launched a missile into a defunct 1982 spy satellite 1853 01:25:35,802 --> 01:25:36,966 that they owned 1854 01:25:36,970 --> 01:25:39,969 to show that they could do that to an American satellite 1855 01:25:39,973 --> 01:25:42,471 if they were so moved. 1856 01:25:42,475 --> 01:25:44,557 So now you have thousands of satellites 1857 01:25:44,561 --> 01:25:47,643 which themselves are potentially weapons. 1858 01:25:47,647 --> 01:25:50,730 You know, one of the big concerns is that, 1859 01:25:50,734 --> 01:25:52,690 in an actual warfare, if somebody did that, 1860 01:25:52,694 --> 01:25:55,776 they may, you know, even accidentally 1861 01:25:55,780 --> 01:25:58,779 sort of ruin low Earth orbit for use. 1862 01:25:58,783 --> 01:26:01,741 So there's a thing we call the Kessler effect. 1863 01:26:01,745 --> 01:26:04,869 If you have a satellite that explodes 1864 01:26:04,873 --> 01:26:08,164 and now all of its pieces are going different directions 1865 01:26:08,168 --> 01:26:09,582 at 17,000 miles an hour, 1866 01:26:09,586 --> 01:26:12,710 some of them are gonna hit other satellites eventually. 1867 01:26:12,714 --> 01:26:15,171 And then if that makes that satellite break apart, 1868 01:26:15,175 --> 01:26:17,381 now you have a chain reaction. 1869 01:26:17,385 --> 01:26:20,384 Letting that chain reaction run to completion, 1870 01:26:20,388 --> 01:26:23,471 you can end up with all of the spacecraft 1871 01:26:23,475 --> 01:26:27,645 in low Earth orbit getting shredded to confetti. 1872 01:26:30,273 --> 01:26:31,604 The regulatory bodies 1873 01:26:31,608 --> 01:26:33,397 that look over these kinds of things 1874 01:26:33,401 --> 01:26:35,399 are just ill-equipped and unprepared 1875 01:26:35,403 --> 01:26:37,860 for what has descended upon them. 1876 01:26:37,864 --> 01:26:41,280 They were used to a world that changed very slowly, 1877 01:26:41,284 --> 01:26:43,616 that they had a lot of control over 1878 01:26:43,620 --> 01:26:45,826 and monitoring. 1879 01:26:45,830 --> 01:26:48,913 There's no place to say, where are we heading 1880 01:26:48,917 --> 01:26:52,375 with our space activities in the very long term? 1881 01:26:52,379 --> 01:26:54,919 The track record of the human species 1882 01:26:54,923 --> 01:26:57,296 is not that great. 1883 01:26:57,300 --> 01:26:58,839 All of these issues 1884 01:26:58,843 --> 01:27:01,217 that cause us trouble here on Earth, 1885 01:27:01,221 --> 01:27:03,219 we're gonna export them into space. 1886 01:27:03,223 --> 01:27:05,684 That's just the way it is. 1887 01:27:10,939 --> 01:27:15,356 Exactly how this plays out is anyone's guess. 1888 01:27:15,360 --> 01:27:17,441 It reminds me of, like, 1889 01:27:17,445 --> 01:27:20,152 the early days of the Internet. 1890 01:27:20,156 --> 01:27:22,655 You think, like, Yahoo's gonna be around forever, 1891 01:27:22,659 --> 01:27:26,075 you know, and then, like, Google comes along. 1892 01:27:26,079 --> 01:27:28,869 I think we're at this stage now 1893 01:27:28,873 --> 01:27:32,832 where the wheat is being separated from the chaff. 1894 01:27:32,836 --> 01:27:34,667 One time, there was something like 1895 01:27:34,671 --> 01:27:37,503 over 100 small rocket start ups globally... 1896 01:27:37,507 --> 01:27:39,588 in many cases more significantly funded 1897 01:27:39,592 --> 01:27:40,715 than Rocket Lab. 1898 01:27:40,719 --> 01:27:43,092 You know, lots of dreams, lots of aspiration, 1899 01:27:43,096 --> 01:27:45,094 lots of cash. 1900 01:27:45,098 --> 01:27:47,888 At the end of the day, physics just does not care 1901 01:27:47,892 --> 01:27:49,682 how much money you put in it. 1902 01:27:49,686 --> 01:27:51,475 It is great to be joining you today 1903 01:27:51,479 --> 01:27:53,310 from Rocket Lab mission control 1904 01:27:53,314 --> 01:27:54,520 in Auckland, New Zealand, 1905 01:27:54,524 --> 01:27:57,819 to send our 42nd Electron to orbit. 1906 01:28:05,326 --> 01:28:07,324 Why are you attracted to the super hard stuff? 1907 01:28:07,328 --> 01:28:10,453 I don't know. I don't know. 1908 01:28:10,457 --> 01:28:12,459 Stage two ignition confirmed. 1909 01:28:18,798 --> 01:28:21,922 Rocket Lab's launched over 40 rockets. 1910 01:28:21,926 --> 01:28:23,424 It's doing reusable rockets. 1911 01:28:23,428 --> 01:28:24,925 It's building a bigger rocket to compete 1912 01:28:24,929 --> 01:28:27,345 head-to-head with SpaceX. 1913 01:28:27,349 --> 01:28:29,096 They've done it. 1914 01:28:29,100 --> 01:28:30,931 There's SpaceX, and there's Rocket Lab. 1915 01:28:30,935 --> 01:28:32,725 There's Elon Musk and Peter Beck, 1916 01:28:32,729 --> 01:28:34,731 and that's pretty much it. 1917 01:28:37,817 --> 01:28:41,404 The only sin in business is to run out of money. 1918 01:28:43,615 --> 01:28:45,404 That's why, when we still have money, 1919 01:28:45,408 --> 01:28:48,620 we need to make the tough choices to cut. 1920 01:28:50,246 --> 01:28:52,328 So, fundamentally, it's all about 1921 01:28:52,332 --> 01:28:55,164 doing what we have to do to survive, 1922 01:28:55,168 --> 01:28:56,707 to take care of our customers, 1923 01:28:56,711 --> 01:28:58,713 and now take care of our shareholders. 1924 01:29:01,174 --> 01:29:02,338 Hell of a day. 1925 01:29:02,342 --> 01:29:03,968 Yeah, it's been a hell of a day. 1926 01:29:11,059 --> 01:29:15,559 So I actually feel a bit relieved 1927 01:29:15,563 --> 01:29:17,770 to be on the other side of that. 1928 01:29:17,774 --> 01:29:20,106 We've had to make some difficult cuts. 1929 01:29:20,110 --> 01:29:22,775 We've moved some people around. 1930 01:29:22,779 --> 01:29:25,569 We've prioritized the things 1931 01:29:25,573 --> 01:29:28,572 that are keeping the business going. 1932 01:29:28,576 --> 01:29:32,163 So we can continue to work on everything. 1933 01:29:34,332 --> 01:29:37,331 In a way, we're good at this, because... 1934 01:29:37,335 --> 01:29:38,833 you know, when you spend years 1935 01:29:38,837 --> 01:29:41,961 building a really complicated machine 1936 01:29:41,965 --> 01:29:45,006 and a boat gets in your way... 1937 01:29:45,010 --> 01:29:47,299 ten seconds away from launch, 1938 01:29:47,303 --> 01:29:49,301 you just realize you have to come back tomorrow, 1939 01:29:49,305 --> 01:29:51,012 do it all again. 1940 01:29:51,016 --> 01:29:53,268 It's like Groundhog Day. 1941 01:29:55,311 --> 01:29:57,101 - I mean, realistically... - Yeah. 1942 01:29:57,105 --> 01:29:58,728 What's the possibility you'll go out? 1943 01:29:58,732 --> 01:30:01,605 Oh, no, no, no, I'm saying that we're gonna do this. 1944 01:30:01,609 --> 01:30:03,399 I know, but there is a possibility 1945 01:30:03,403 --> 01:30:05,026 that you guys will go out of business. 1946 01:30:05,030 --> 01:30:07,907 I mean, sure, if I die. 1947 01:30:09,451 --> 01:30:10,948 But as long as I'm alive, 1948 01:30:10,952 --> 01:30:13,868 we're gonna make this thing come together. 1949 01:30:13,872 --> 01:30:16,871 I mean, I'm not giving up. 1950 01:30:16,875 --> 01:30:18,831 If you look at this, this is a giant, open space... 1951 01:30:18,835 --> 01:30:20,750 When I met Chris for the first time 1952 01:30:20,754 --> 01:30:23,919 in these totally shitty, dilapidated buildings 1953 01:30:23,923 --> 01:30:25,838 in Alameda and he told me, 1954 01:30:25,842 --> 01:30:29,050 "One day, these will be gleaming rocket factories," 1955 01:30:29,054 --> 01:30:31,135 I thought, no way. 1956 01:30:31,139 --> 01:30:33,346 And he did build those. 1957 01:30:33,350 --> 01:30:36,640 He did exactly what he said he was gonna do. 1958 01:30:36,644 --> 01:30:38,730 It just didn't work out. 155357

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