00:00Immediately after that short film, they will be joining on stage.
00:06A few weeks ago, you guys had a setback.
00:10And now you're in the beginning phases of rebuilding your launchpad.
00:13What have you learned since?
00:15And how does the path forward look?
00:19Well, let me start by saying that was a rough moment.
00:22Nobody likes that. It was a gut punch for the whole team.
00:26But what we've learned since then is we got really lucky.
00:32Some of the long lead items in the launch infrastructure were preserved.
00:39For example, the propellant tank farm, all the liquid hydrogen,
00:43liquefied natural gas, liquid oxygen, all those tanks.
00:46Those are very long lead items, and they were forged and undamaged.
00:50The booster, we had a booster in the integration facility,
00:54which is right there at the launchpad.
00:55And various pieces of shrapnel missed the booster.
00:58There was a lot of good luck in that incident.
01:00I picture kind of what you're saying.
01:03God knows how to appropriately price his goods.
01:06And space travel is hard, and it's worth it.
01:09And so, you know, we, by the way, by the end of that incident,
01:13the end of the day that that incident occurred, within 24 hours,
01:18completely spontaneously, the Blue Origin team,
01:21and this is a team of just incredible people,
01:23they were making themselves T-shirts that say,
01:26it's worth it.
01:27Yeah.
01:27Cool.
01:28And so it's going to, the cycle time to the moon,
01:31the cadence to the moon is going to increase.
01:33I guess the question here, and we've already, I think we know the answer.
01:36Moon or Mars, Jeff?
01:38Well, moon first.
01:39Moon first.
01:40Moon first, Mars, and everywhere else, too.
01:43And we'll build large, you know, O'Neill, Jerry O'Neill-style colonies in space as well.
01:49And we'll build big, you know, we'll use asteroids and near-Earth objects
01:57and the moon and so on to build compute in space
02:02and solar cells in space and so on.
02:04And a lot of our compute will be done in space.
02:08It'll make more sense.
02:09And ultimately, we'll even manufacture the chips that the compute runs on.
02:14And then the answers can just be beamed back to us here.
02:17And this planet, Dave said it before,
02:20but our long-term vision, our dream,
02:23is that all the polluting industry can be done off-Earth.
02:28If space travel gets reliable enough and inexpensive enough
02:32and we can get materials from asteroids and near-Earth objects and the moon,
02:38then this garden planet can be returned to its pre-industrial revolution state.
02:46That was 500 years ago.
02:48Infant mortality is better than it was.
02:51That and the importance of AI in engineering for blue orange and for the world.
02:54Yeah, Prometheus is building a set of tools that's designed to empower engineers
03:00to really invent and build much, much faster.
03:05So if you think about, you know, today there's a kind of a dream build cycle.
03:10You know, dream of something and then depending on how complicated it is,
03:15it may take a few years to 10 years before you're really producing it at rate and manufacturing it.
03:20And if you take a step back, broadly, civilizational wealth,
03:28all of civilizational wealth is driven by invention.
03:346,000 years ago, somebody invented the plow and we all got wealthier.
03:40And then much later, somebody invented the steam engine and we all got wealthier.
03:46And this cycle continues.
03:49And if we can accelerate that cycle, that dream build cycle,
03:53it will create real productivity, real prosperity.
03:58And so that's the idea behind Prometheus models.
04:01They have a place, but they aren't.
04:03I know there's a lot of concern that many people have, including many smart people,
04:08that AI is going to make humans redundant and so on.
04:11And I totally disagree with this point of view.
04:14And I think, in fact, AI is going to create a labor shortage
04:17because it's going to make it possible for people to identify more problems.
04:22We have an endless set of things to invent.
04:24And we are only limited.
04:26Today, we are limited not by our imaginations, but by what we can actually do.
04:31I promise you, every single person in this audience has had an idea for a new business
04:38or a new product or a new device that they wish they could manufacture.
04:43And that idea stayed in your head and went nowhere.
04:47And the reason it stayed in your head and went nowhere is because it's too hard to do
04:52and it wasn't worth it.
04:53And if we can accelerate the dream build loop, all of the ideas will then become possible.
04:59And then we end up being limited, not by our capabilities, but by our imaginations.
05:04You can already see this with me.
05:11Thank you very much, Jeff.
05:14Thanks, Mike.
05:14Thanks very much.
05:15Awesome.
05:15Awesome.
05:16Thanks, folks.
05:21Here we go.
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