The Ledger, every show

“But if we have one conflict with China where we expand most of our ballistics inventory, We might not be able to remake it for like five years. Then we're basically standing around, you know, with our hands tied behind our backs.”

“90% of the solar panels in the country are being made in China by basically slave labor where millions of minority and immigrant women are being chemically castrated every year and forced into servitude.”

“We just have to last till about 2037, 20 42, and then kind of overnight China's working population will cut in half, and then they can try again in another thousand years. So that will put a lot of pressure in our opinion on Xi to actually do something, becaus…”

“And we no longer make CNC machines in the US.”

“We shipped the Ukrainians what we thought was three years of inventory of stinger and javelin missiles, which are shoulder mounted, really cheap missiles that can take out a tank or something. So for providing that to a human force in Taiwan or the Ukraine, it…”

“As of right now, if you look at, like, the PlayStation five as a product, like, that is effectively, I would say, 90% of fully automated production line, and, like, writ large across the board, people really miss this, and I think it's, like, strategic CCP com…”

“We don't even make the CapEx that goes into the factories in the US anymore. Like it's all German, South Korean, Japanese or whatever, and they're controlled products.”

“Even the basics, like some of the exquisite stuff can only be made in a certain state to feed the defense ecosystem because all the other states banned it or like they're literally in facilities that got certified 50 years ago and you could like, you literally…”

“I think alongside that certain areas of the government where there's a lot of immature companies, they're going to spend the next year making eight bets and seeing how it plays out. And in certain other areas, I think in the next two years, what you're going t…”

“My thesis on this is because of the one child policy is going to really drop off China's population very quickly at a certain period of time. It creates this forcing function where in my opinion that the Taiwan scenario is more likely to happen because if they…”

“I think that unless it goes hot in 28 is going to be 10 to 15 years. And as long as we can Hold them off there. Then their population drops off and we're good for another 300 years. Like that's kind of how I view the equation.”

“We produced a grand total of five ships last year.”

“I don't think there's going to be more SpaceX's. I don't think there's going to be more Andrews, you know, of like new defense primes or neo primes, and I don't think there's going to be more than a handful of large industrials companies.”

“I mean, we're talking about like a quantum shipbuilding of like, I think it's 1700 last year of commercial and military vessels versus five.”

“The second thing is, I think it'll generate a bunch of great acquisitions for us. If any of them grow too fast in the category that we're going to enter, we have this phrase internally, which is we're either going to scoop them up, or we're going to bonk them.”

“So we're the only company that's actually generating labeled data that you can then train models around for advanced manufacturing in the US.”

“Designed and launched the actual building and all the construction in three months, and then sat around waiting for permits and energy for six to nine months and probably had to put more documentation together to convince Southern California Edison to give me …”

“Because American manufacturing is largely regulated in ITAR, there is no training data on the internet. So the, one of the reasons why our internal models actually work for manufacturing, you know, machine learning models is because we're the only ones with th…”

“From a workforce and training piece, we can train and onboard them in 20 to 30 days from their Home Depot, their bus driver, literally any background.”

“We are 20 or 30 years away from the reserve currency flipping, which happens roughly every a 120 years.”

“I think we're probably going to see some like bruised brews return profiles in the next two years of, you know, people flooding capital into companies that aren't a platform on a model product company, but the opportunity is still there.”

“And to do the amount of hiring, scaling, and execution that we need to do is like, 40% chance it works, 60% we're having this conversation in like 18 months, and like, company, company no longer works.”

“Unless we solve this problem, I think the country and, you know, our way of life is, is a six existential risk.”

“About a year ago, the government had to issue an RFQ for some of the parts on the B to not just to replace the parts, but because no one, you know, the guy that designed it or engineered it retired and they didn't have it documented anywhere. Like there's lite…”

“If you look at the DOD stats, more than 50% of the F-sixteans are grounded, and it's mostly because they can't maintain them, and it's mostly because they can't get parts, and what ends up happening is they end up cannibalizing other planes for parts, and that…”

“Culturally, basically the entire industry is tooled up around 50% of our promises we break all the time.”

“In reality, we're probably so far away from doing that, that if we have one conflict with China, where we expand most of our ballistics inventory, we might not be able to remake it for like five years.”

“There are like less than 50 GPS satellites, and all of those can be shot out of the air pretty easily, and all that's preventing, you know, some adversary doing that and basically collapsing Western civilization in one fell swoop, taking out, you know, less th…”

“You know, you can't go and hire 20,000 people or even a thousand people that know how to go and execute that construction, how to go engineer that factory, how to go run that factory. They just simply don't exist.”

“No factory on the planet has observability. So you can't simply, and maybe like Foxconn does but you can't simply throw up in a dashboard and go, what is my uptime? Where are the costs for this job? How much labor did we spend on it? It's all kind of swags and…”

“Most of the products will be able to drop their manufacturing costs by like 30 to 50%, not because of cheaper parts, but because of the reliability and the ability to compress schedule around that reliability.”

“It's going to be amazing in a couple of years to see, you know, a bunch of like engineering grads you know, tooling around at their garage and like, Seeing, seeing Google style startups happen without forty million dollars in funding and just to get off the gr…”

“And then the real underlying problem is my thesis is that basically everyone that's highly skilled in any manufacturing domain is basically 62.”

“When we launched, ah, like the factory to all of our customers in January, we basically 10 X revenue in four quarters last year.”

“You know, we want to be close to a billion in top line by, like, 20, like, 20, 27.”

“I think that we have so much headroom in the federal reserve rate, that I think we're going to see dramatic cuts close to twenty-twenty-one ZERP levels over the next 12 months.”

“The thesis of the company is basically, if people don't know this, most of the skilled labor in the defense industrial base is 62 years old. That makes the components or Widgets that end up getting assembled into drones, fighter jets, missiles any hardware tha…”

“And 100% of our workforce that people have never set foot inside a factory before.”

“For a lot of the newer entrants or for new programs, we are becoming a, like, co-prime where the DoD Hey, John, you can definitely make 50 drones or 50 of this product, but we'd really love you to partner with Hadrian because we think they should build your Te…”

“I think 70% of all the deep tech dollars goes to, you know, there's some headcount for engineering, but a lot of it is producing prototypes and then scaling factories and components.”

“Average age of a worker is like 55. Average age of an owner-operator who's a small business owner that is actually, you know, needed to function in the business is 62.”

“It's incredibly scary, and I think people are going to get a really hard wake up call in the next two years.”

“And I think we're probably the only factory on the planet outside of SpaceX that is giving everyone in these roles, you know, the same tier of equity as the best software engineers have, you know every technician in Hadrian, whether you're packing boxes or whe…”

“Like, 95% of the cost of aluminum is just the kilowatt hour of the power price.”

“Most factories in the US run at only a 20% uptime.”

“It's the cost of raw materials, aluminum, steel, 90% of the cost of that is actually energy.”

“I would say we're serving currently the vast majority of hardware startups through our product for Atlas”

“We don't really make antibiotics onshore in the US anymore.”