Early SpaceX Investor Expects Tie-Up Soon With Tesla

0:00 You're on the show Friday, and we had to cut our conversation, short. But then on Friday night, Starship 12 flight test mission v three, your reaction to it to how that went. Listen. The fact that it was a brand new vehicle, brand new engines, the most, you know, advanced engineering ever built by humans, it was incredible success. You know, what people do realize is that you can't test a rocket a little bit at a time. You have to test the entire system. And the fact that the launch took off with its version three of its engines and the entire vehicle, the largest, most powerful, you know, engineering system ever launched by humans. It was great. We're gonna see Starship making incremental flights getting, better and better until the time where the entire vehicle is refliable, refuelable on orbit, and becomes a platform to go to the moon, go to Mars, go beyond.

1:02 Why Starship is also its capability and payload to orbit for first Starlink and then orbital data center? I wrote at the at the beginning of the week about how clear the s one was about the limitation of SpaceX's current access to compute and how much it's gonna need in the future. You then had an exchange with Elon Musk, I think, the last twenty four hours, right, or forty eight hours about that exact issue. What was the point you were trying to relate to Elon there?

1:32 The the point is that he's not just built this is not just a rocket company. Right? This is a vertically integrated satellite network, global broadband, sovereign communications, AI compute, and ultimately off planet infrastructure. You know, he is building a hyperscaler and not just an AI system. So his ability to succeed as a company goes beyond just the, you know, as an AI system. He's providing the infrastructure for large number of the frontier labs out there. You know? And what people need to realize about this company is it's the it isn't just a little bit ahead of the entire launch industry on planet Earth. It's orders of magnitude ahead beyond anything else. And everything we hold a value on earth, metals, minerals, energy, real estate is in near infinite quantities in space. And so what we're buying is the next, you know, the global economy, you know, two dot o and three dot o as we look at buying into into SpaceX.

2:40 Go global, Peter, because I know you can, and we're pleased that you do. There's a lot of hand wringing and almost people feeling that at every turn, The US uses China as the excuse as to why we need less regulation, why we need to go full throttle, why we need to win, quote, unquote. How much you're seeing a space race, US, China, and how much has SpaceX managed to dominate there vis a vis not just US competition?

3:03 You know, we humans love competition, and it drives us forward. And so if you think about this, you know, it was The US versus the Soviets and the Russians in the in the, you know, fifty years ago, we're doing that same thing again. But this time, it's beyond just a political race. It's an economic race. Again, we're building out huge revenue engines as we're going forward, whether it's gonna be mining the moon for resources or mining the asteroids for resources. We're also gonna be building out a level of global compute infrastructure in Earth orbit. And, again, no one was talking about this a year ago. And today, every major hyperscaler is. We see Anthropic buying into x AI's or space x AI's data centers on Earth, but they're also gonna need the you that's gonna be given from orbit.

4:01 Look. You're a man who's driven by trying to solve the world's most pressing problems. You're also a man who happened to have got into SpaceX and and Google and other key companies very early. We're at this moment where people are questioning how it helps them. How is this being democratized in some way? How are we solving the world's greatest problems for everyone, not just a few, Peter? How are you thinking about that, particularly when we look at a listing of a company that is already so valuable? Is there much left on the table in terms of democratization and buying of shares by retail investors?

4:29 Sure. So let's hit the point you made first about solving the world's biggest problems. The single most powerful thing we humans have is our intelligence, And we're about to see human intelligence increased by not just 10 or a hundredfold, a millionfold, a billionfold. Right? It's the ability for us to to discover breakthroughs across physics and chemistry and biology, material sciences. All of these things are gonna be driven by the use of these AI systems. And so I don't think people understand how how rapidly the economy is gonna grow on the back of AI. We're gonna be solving aging as a fundamental. Right? What is it worth if you can add thirty healthy years and then those extra thirty healthy years on your life buy you the next fifty healthy years or a hundred healthy years. What is that worth to individuals? When we get to room temperature superconducting, when we get to new ways of growing food, you know, twice as fast, five times faster, healthier? We're heading towards a world of abundance across everything, food, water, energy, health care, education, all of these elements. You know, when I interviewed Elon on my moonshots podcast at the beginning of this year and then again in March, what he talked about, and I believe this, is we're gonna see double and then triple digit GDP growth. And this is happening not because we're working harder or we humans are smarter. It's on the back of AI and humanoid robotics. One of the things he said was that we're entering a world where AI and robots are gonna create so much con so much product, so much availability that we could not want enough. Now this sounds like, you know, a techno utopian vision, but we have to realize that all the progress that we've seen in humanity, we're living lives today that are godlike compared to our parents and grandparents. Yes.

6:35 Let me jump on something you just said. Thank you for you you spoke January 6 with Elon at length and then again in March. Yeah. And what you just said about robots, there is broad speculation right now about the prospect of a post IPO SpaceX merging with Tesla. A 100%. Thirtieth. In January 30, I reported they'd held talks prior to the XAI transaction. You say a 100%. I mean, what are you learning from those two conversations? What do you know about how real that is? Why it makes sense?

7:05 It makes sense because it consolidates Elon's control. Today, as as reported in the IPO in the s one, you know, there's super voting rights that he has. And, of course, his inside owners, I think it's, like, you know, 80 plus percent voting control. He doesn't have that in Tesla. And by combining the companies, I think he'll have that. He'll have the ability to operate across all of this infrastructure. And, you know, the a fleet of cybercabs, all of the Tesla vehicles out there that have compute capability on them, have power on them as well. We're creating a global infrastructure on the ground and in space. So it just consolidates control. It makes his ability to implement his vision a lot more efficient. So, you know, I put it as not a matter of if and only a matter of when those two companies come together. And also because they're valued public companies, you can make that merger happen a lot, easier than if you're combining private companies and and arguing about valuation.

8:11 Peter.