SpaceX

“Actually almost almost all my time, like, 80% of it is spent on engineering and design. Engineering and design, so it's developing next generation product that's 80% of it.”

“When starting SpaceX, I thought the odds of success were less than 10%. And I just accepted that actually probably I would just lose, lose everything.”

“It's a meaningful number of people going to Mars I. I think this is potentially something that can be accomplished in about 10 years maybe sooner , maybe nine years.”

“If Elon hadn't been personally wealthy, both projects would have probably failed.”

“Their thesis was it's not actually rocket assembly that costs a lot of money, it's the testing phase of integration, where if you have hundreds of different systems that have to work perfectly with each other, when you assemble and build the final rocket, you …”

“Actually a rocket, the raw materials of a rocket are only maybe one or two percent of the historical cost of a rocket. So The manufacturing must necessarily be very inefficient.”

“I think we'll have enough mass transferred to Mars within like roughly 30 years to make Mars self-sustaining, such that Mars can continue to grow and prosper, even if the resupply shifts from Earth stop coming.”

“If a startup doesn't do something to advance rocket technology. It's definitely not coming from the big defense contractors because they just impedance match to the government and the government just wants to do very conventional things.”