Fishner-Wolfson: Cost-plus incumbents had zero incentive to develop reusable rockets
Justin Fishner-Wolfson · Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25) · Dec 23, 2021 · at 17:00
Justin Fishner-Wolfson, managing partner at 137 Ventures and former partner at Founders Fund, explains the investment thesis behind Founders Fund's early bet on SpaceX.
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“There are a lot of big players. They built their business on a cost plus strategy, and they had no interest in turning rockets into airplanes. And that's fundamentally what needed to happen in order to increase access to space.”
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