00:00Because if China has several medium-sized, partially reusable rockets in 5 to 10 years
00:06that launch reliably, frequently and cheaply, then you can build infrastructure even without
00:12a single gigantic leap. Slowly, slower perhaps, but steady. And that is the real bet. The US
00:20is banking on disruption. China is banking on stamina. Both can work, both can fail,
00:28but they are entirely different philosophies. And that's precisely why we shouldn't scoff at
00:33Chinese startups. Many will vanish, some will merge, but the few that remain won't be a Chinese
00:41copy of SpaceX. They'll be their own thing. Shaped by political backing, a high launch cadence,
00:49and a market that demands reliability, not PR.
