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These are the user uploaded subtitles that are being translated: 1 00:00:02,000 --> 00:00:04,600 This programme contains scenes of repetitive flashing images 2 00:00:04,600 --> 00:00:05,720 and some strong language. 3 00:00:05,720 --> 00:00:10,360 My first impressions were that he was very sweet. 4 00:00:10,360 --> 00:00:12,200 He seemed quite shy. 5 00:00:13,440 --> 00:00:14,920 A minute and 30 seconds. 6 00:00:17,080 --> 00:00:21,000 He said, "May I put my hand on your knee?" 7 00:00:21,000 --> 00:00:23,200 And I said, "OK, go on, then." 8 00:00:23,200 --> 00:00:25,720 Thought it was quite sweet that he asked. 9 00:00:25,720 --> 00:00:29,840 T-17, 16, 15... 10 00:00:29,840 --> 00:00:31,920 You know, he said, "I don't usually do this but," 11 00:00:31,920 --> 00:00:34,400 you know, he's like, "I'd love to see you tomorrow. 12 00:00:34,400 --> 00:00:36,520 "Can we meet for breakfast?" 13 00:00:36,520 --> 00:00:39,360 And we had breakfast and then, at the end of breakfast, 14 00:00:39,360 --> 00:00:41,680 he said, "Will you come and have lunch with me?" 15 00:00:41,680 --> 00:00:43,480 So then we went for lunch. 16 00:00:43,480 --> 00:00:46,600 ROCKETS RUMBLE T-10, 9, 8... 17 00:00:46,600 --> 00:00:49,240 And then he said, "Will you come to dinner?" 18 00:00:49,240 --> 00:00:52,320 And then I remember, one evening, he said, um... 19 00:00:52,320 --> 00:00:55,320 "Would...Would you like to come back to my hotel room 20 00:00:55,320 --> 00:00:56,920 "so we can look at rocket videos?" 21 00:00:56,920 --> 00:01:00,760 Five, four, three, two... 22 00:01:00,760 --> 00:01:02,240 And I thought, "Mm." 23 00:01:02,240 --> 00:01:06,040 I was like, "OK, yeah, I'll come back." And, um... 24 00:01:06,040 --> 00:01:09,720 And we did get into his hotel and he did just show me rocket videos. 25 00:01:09,720 --> 00:01:13,200 ROCKETS ROAR 26 00:01:13,200 --> 00:01:15,680 CHEERING AND APPLAUSE 27 00:01:29,520 --> 00:01:34,040 Elon Musk is the richest man who has ever lived. 28 00:01:34,040 --> 00:01:36,400 But says he doesn't own a house. 29 00:01:36,400 --> 00:01:38,840 He's a little different than a lot of other people. 30 00:01:38,840 --> 00:01:42,160 He truly embodies big thinking and risk-taking. 31 00:01:44,960 --> 00:01:49,560 With a few taps from his fingers, global markets can crash and soar. 32 00:01:49,560 --> 00:01:52,680 CEO Elon Musk creating chaos with a single tweet. 33 00:01:52,680 --> 00:01:54,840 It's bizarre. He shook confidence. 34 00:01:54,840 --> 00:01:56,200 He's probably sleep-deprived. 35 00:01:56,200 --> 00:01:57,840 This company is not run properly. 36 00:01:57,840 --> 00:02:02,160 He is creating a chip that can be put into our brains. 37 00:02:02,160 --> 00:02:04,480 Yeah, a chip and a bunch of tiny wires. 38 00:02:04,480 --> 00:02:06,120 And it would do what? 39 00:02:06,120 --> 00:02:07,440 Could you input? 40 00:02:07,440 --> 00:02:10,040 Could you download Jim? Mm-hm, yes. But what...? 41 00:02:10,040 --> 00:02:11,400 HE LAUGHS 42 00:02:13,680 --> 00:02:16,160 And, right now, he's building rockets 43 00:02:16,160 --> 00:02:18,320 that could take 100 people to Mars. 44 00:02:18,320 --> 00:02:21,320 CHEERING 45 00:02:23,360 --> 00:02:26,040 His power and wealth continue to grow. 46 00:02:27,760 --> 00:02:31,040 No-one on Earth is doing more to change the world. 47 00:02:31,040 --> 00:02:32,600 Come on over, man. 48 00:02:32,600 --> 00:02:35,280 Why...why would you want to talk to me? 49 00:02:35,280 --> 00:02:38,840 Because you are...you are the dude, my friend. You are the dude. 50 00:02:44,960 --> 00:02:48,080 He's done things that no other country can do. 51 00:02:48,080 --> 00:02:49,560 It's quite magnificent. 52 00:02:49,560 --> 00:02:52,640 You're his mother... Yes. ..and his greatest champion. Yes. 53 00:02:56,640 --> 00:03:01,960 He so dangerous. Completely, totally irresponsible. 54 00:03:01,960 --> 00:03:04,960 It's not as much fun being me as you'd think. 55 00:03:04,960 --> 00:03:06,800 I'm not sure I want to be me. 56 00:03:10,040 --> 00:03:13,080 It seems a little strange to be handing it all over 57 00:03:13,080 --> 00:03:16,760 to private enterprise, but I guess I'm kind of stuck in the past, huh? 58 00:03:22,560 --> 00:03:24,680 "Unstable, reckless..." 59 00:03:24,680 --> 00:03:26,000 I'm just being me. 60 00:03:38,760 --> 00:03:41,520 OK. CLEARS THROAT 61 00:03:43,080 --> 00:03:46,400 All right. OK. That all good? Yes. Lovely. Thank you. 62 00:03:48,200 --> 00:03:51,360 I was this science nerd at high school. 63 00:03:51,360 --> 00:03:53,080 I didn't really get many dates. 64 00:03:53,080 --> 00:03:57,240 I don't know if men... boys, rather, were scared of me or whatever, 65 00:03:57,240 --> 00:03:58,880 but I didn't have many dates. 66 00:03:58,880 --> 00:04:01,000 I wouldn't date anyone who wasn't... 67 00:04:01,000 --> 00:04:04,160 if he wasn't as good at math and science as I was, 68 00:04:04,160 --> 00:04:06,600 and no-one was, so... 69 00:04:06,600 --> 00:04:08,520 Although my ex-husband was. 70 00:04:08,520 --> 00:04:10,560 He was better than me at math and science, 71 00:04:10,560 --> 00:04:12,160 and I hate to admit that, 72 00:04:12,160 --> 00:04:15,240 but that probably did help towards Elon being a genius. 73 00:04:28,360 --> 00:04:31,720 One of my co-workers was a contract consultant 74 00:04:31,720 --> 00:04:34,640 for Elon's first start-up, called Zip2. 75 00:04:34,640 --> 00:04:39,400 Elon was upset that this engineer working on the deal, you know, 76 00:04:39,400 --> 00:04:43,120 didn't know the technology well and he fired him. 77 00:04:43,120 --> 00:04:45,720 So I went in there the next morning, he kind of grilled me on, 78 00:04:45,720 --> 00:04:47,520 like, "Do you know the subject matter?" 79 00:04:47,520 --> 00:04:49,360 And I was like, "Yeah, this is how it works." 80 00:04:49,360 --> 00:04:51,360 And he was like, "Great, you're hired." 81 00:04:53,520 --> 00:04:56,040 He works in mysterious ways, that guy. 82 00:04:56,040 --> 00:05:00,040 RADIO TUNES AND DETUNES 83 00:05:00,040 --> 00:05:01,680 This is KRX. 84 00:05:01,680 --> 00:05:04,560 You're waking up to another beautiful day in San Jose. 85 00:05:04,560 --> 00:05:06,120 CAR HORNS HONK 86 00:05:06,120 --> 00:05:08,600 Right when the Internet was being created... 87 00:05:10,720 --> 00:05:12,440 ..Zip2 was a cool company. 88 00:05:12,440 --> 00:05:14,320 Elon and I sat across from each other. 89 00:05:14,320 --> 00:05:15,600 It was like a lab environment - 90 00:05:15,600 --> 00:05:16,720 they were still inventing 91 00:05:16,720 --> 00:05:18,240 the product as they were running it. 92 00:05:18,240 --> 00:05:22,720 Zip2, a California company that provides online access 93 00:05:22,720 --> 00:05:25,400 to information about cities around the country, 94 00:05:25,400 --> 00:05:27,880 from where to eat to how to get around. 95 00:05:27,880 --> 00:05:29,800 You imagine the possibilities, but... 96 00:05:29,800 --> 00:05:32,480 The company's founder is Elon Musk. 97 00:05:32,480 --> 00:05:36,240 How old were you when you started this company? 23. 98 00:05:39,120 --> 00:05:41,040 I remember meeting him for the first time. 99 00:05:41,040 --> 00:05:43,040 He gave me a demo of what he had done, 100 00:05:43,040 --> 00:05:46,160 which was online Yellow Pages with maps and directions, 101 00:05:46,160 --> 00:05:48,440 and he turns to me and goes, "It's cool, huh?" 102 00:05:48,440 --> 00:05:49,880 And I go, "Yeah, it's really cool." 103 00:05:49,880 --> 00:05:52,080 I'm staring at him, he's staring at me 104 00:05:52,080 --> 00:05:54,560 and I'm thinking, "Is this like a trick, you know, interview? 105 00:05:54,560 --> 00:05:57,080 "Where they're trying to see, can I come up with something?" 106 00:05:57,080 --> 00:05:58,800 He kind of assesses people, 107 00:05:58,800 --> 00:06:01,240 and I've noticed he tends to stare at them 108 00:06:01,240 --> 00:06:03,240 and it can be very intimidating. 109 00:06:06,440 --> 00:06:08,360 And then I met Kimbal, his brother. 110 00:06:08,360 --> 00:06:11,720 Zip2 focuses more on business listings, so, for example... 111 00:06:11,720 --> 00:06:13,800 Kimbal was much more personable. 112 00:06:15,040 --> 00:06:16,880 1995. 113 00:06:16,880 --> 00:06:20,560 Brothers Elon and Kimbal are wannabe entrepreneurs... 114 00:06:21,760 --> 00:06:24,680 ..attempting to build just one of the thousands of start-ups 115 00:06:24,680 --> 00:06:26,680 in the tech gold rush of Silicon Valley. 116 00:06:30,200 --> 00:06:35,240 Living in the office and laden with over $100,000 of student debt, 117 00:06:35,240 --> 00:06:38,080 they start searching for people who believe in them enough 118 00:06:38,080 --> 00:06:39,680 to finance their venture. 119 00:06:42,080 --> 00:06:44,200 How much money do you think you've invested in...? 120 00:06:44,200 --> 00:06:46,600 ..Elon's family of companies? Oh, I don't know. 121 00:06:46,600 --> 00:06:49,400 It's probably in the order of $100 million, ballpark. 122 00:06:49,400 --> 00:06:52,120 About on the order of $100 million, roughly. 123 00:06:52,120 --> 00:06:53,280 Yeah. 124 00:06:59,280 --> 00:07:02,800 The first time I met Elon, he was pitching Zip2. I remember it well. 125 00:07:02,800 --> 00:07:05,320 He and Kimbal, they were relatively new to Silicon Valley, 126 00:07:05,320 --> 00:07:07,040 been there only a few months. 127 00:07:07,040 --> 00:07:10,800 I just remember thinking, "They're bright, properly self-confident. 128 00:07:10,800 --> 00:07:13,440 That perfect entrepreneurial mix 129 00:07:13,440 --> 00:07:16,760 of having enough self-confidence to be humble, 130 00:07:16,760 --> 00:07:22,800 enough intelligence to respond to questions in a very nimble manner. 131 00:07:24,960 --> 00:07:26,280 My first week... 132 00:07:27,400 --> 00:07:32,040 ..I come in and I see two people kind of passed out on a couch, OK? 133 00:07:32,040 --> 00:07:35,160 One was Elon and one was a summer intern we had. OK? 134 00:07:35,160 --> 00:07:37,880 They had both pulled... They had both pulled an all-nighter. 135 00:07:37,880 --> 00:07:41,040 It turned out that was pretty common occurrence with Elon. 136 00:07:41,040 --> 00:07:43,440 And we'd stay at the office until late hours, 137 00:07:43,440 --> 00:07:47,240 and then eventually he'd fall asleep under his cube, 138 00:07:47,240 --> 00:07:48,760 with his physics book as a pillow. 139 00:07:49,960 --> 00:07:52,360 You know, Elon is an unusual fellow. 140 00:07:53,360 --> 00:07:56,840 He knows just about everything about everything. 141 00:08:00,160 --> 00:08:04,200 I would say, from the age of three, I thought he was a genius. 142 00:08:04,200 --> 00:08:09,680 He would reason with me and his reasoning was sensible. 143 00:08:09,680 --> 00:08:14,000 And how do you even do that when you don't really have much experience? 144 00:08:15,880 --> 00:08:18,720 I wanted him to go to nursery school. 145 00:08:18,720 --> 00:08:20,680 They said, "Well, he makes it by two days, 146 00:08:20,680 --> 00:08:22,800 "but you really should keep him back a year 147 00:08:22,800 --> 00:08:25,840 "because, otherwise, he'll be a little socially challenged." 148 00:08:25,840 --> 00:08:28,920 And I said, "You don't understand, I have a genius son - 149 00:08:28,920 --> 00:08:30,920 "he needs to talk to someone besides me." 150 00:08:30,920 --> 00:08:32,960 And, of course, they rolled their eyes 151 00:08:32,960 --> 00:08:35,720 because every mother thinks their child is a genius! 152 00:08:37,640 --> 00:08:39,840 You know, we worked closely together. 153 00:08:39,840 --> 00:08:43,120 When he was in a good mood, he was an incredible, fun guy to be with. 154 00:08:44,160 --> 00:08:45,320 But I remember Elon... 155 00:08:45,320 --> 00:08:47,560 You know, one time, it was about nine o'clock at night, 156 00:08:47,560 --> 00:08:49,520 Elon was going around the office, 157 00:08:49,520 --> 00:08:51,960 looking to see who was sitting in their cubes. 158 00:08:51,960 --> 00:08:55,320 And there weren't many people sitting in their cubes. It was 9pm. 159 00:08:55,320 --> 00:08:58,920 And his face turned red, and he was just really angry 160 00:08:58,920 --> 00:09:01,360 that, you know, the entire company wasn't there 161 00:09:01,360 --> 00:09:03,200 in the office at nine o'clock at night. 162 00:09:04,600 --> 00:09:07,200 He worked seven days a week, crazy hours. 163 00:09:07,200 --> 00:09:08,480 And, in that time, 164 00:09:08,480 --> 00:09:12,200 he managed to still hold a relationship with his fiancee. 165 00:09:13,360 --> 00:09:16,400 Elon met his fiancee, Justine, at university. 166 00:09:17,880 --> 00:09:20,680 They were in the same abnormal psychology class. 167 00:09:22,160 --> 00:09:27,640 Highly competitive with each other, Justine scored 97% in the exam. 168 00:09:27,640 --> 00:09:29,360 Elon scored 98. 169 00:09:30,640 --> 00:09:34,080 And they have now been dating for six years. 170 00:09:34,080 --> 00:09:38,040 A roller-coaster ride in terms of watching Elon 171 00:09:38,040 --> 00:09:40,800 go through the trials and tribulations of working, 172 00:09:40,800 --> 00:09:44,160 and the toll that that, you know, takes on a relationship. 173 00:09:44,160 --> 00:09:45,200 DOG BARKS 174 00:09:45,200 --> 00:09:46,400 You know, and you accept that 175 00:09:46,400 --> 00:09:49,120 when you're, you know, spending time with him, 176 00:09:49,120 --> 00:09:51,560 you're getting a very small part of him 177 00:09:51,560 --> 00:09:53,640 because 95% of his mental energy 178 00:09:53,640 --> 00:09:57,120 is still being consumed by these problems. 179 00:09:57,120 --> 00:09:59,640 He doesn't get any breaks from it. 180 00:10:00,840 --> 00:10:04,120 You have to spend a tremendous amount of your time at work. 181 00:10:04,120 --> 00:10:08,320 There's no such thing as the eight-hour day in Silicon Valley, 182 00:10:08,320 --> 00:10:09,360 in any field. 183 00:10:09,360 --> 00:10:10,480 TRUCK HORN HONKS 184 00:10:10,480 --> 00:10:11,920 PHONE RINGS 185 00:10:11,920 --> 00:10:13,720 Hi, Elon Musk speaking. 186 00:10:13,720 --> 00:10:15,760 It's seven o'clock in the morning, 187 00:10:15,760 --> 00:10:18,600 and Elon Musk anxiously waits for his prize 188 00:10:18,600 --> 00:10:20,400 for paying his dues in the Valley. 189 00:10:22,640 --> 00:10:25,840 He was a was talking about the McLaren F1. 190 00:10:25,840 --> 00:10:27,120 It cost $1 million - 191 00:10:27,120 --> 00:10:30,360 the fastest production car in the world, only 64 were made. 192 00:10:30,360 --> 00:10:33,680 I said, "Why don't you just go out and buy a McLaren F1?" 193 00:10:33,680 --> 00:10:35,880 And then, a week later, he did. 194 00:10:35,880 --> 00:10:38,000 Wow, I can't believe it's actually here. 195 00:10:38,000 --> 00:10:39,320 That's pretty wild, man. 196 00:10:39,320 --> 00:10:41,840 Just three years ago, I was showering at the Y 197 00:10:41,840 --> 00:10:43,600 and sleeping on the office floor. 198 00:10:43,600 --> 00:10:47,080 And now, obviously, I've got a million-dollar car 199 00:10:47,080 --> 00:10:49,400 and quite a few creature comforts. 200 00:10:50,560 --> 00:10:52,880 There it is, gentlemen, the fastest car in the world. 201 00:10:52,880 --> 00:10:55,000 I could go and buy one of the islands in the Bahamas 202 00:10:55,000 --> 00:10:57,280 and turn it into my personal fiefdom. 203 00:10:57,280 --> 00:11:00,720 I'm much more interested in trying to build and create a new company. 204 00:11:05,280 --> 00:11:07,560 When we were acquired, a number of us 205 00:11:07,560 --> 00:11:09,960 were talking about where Elon would be in the future. 206 00:11:09,960 --> 00:11:12,440 And we said, "Either he'll be the richest guy on the planet, 207 00:11:12,440 --> 00:11:14,080 "or he will be totally dead broke." 208 00:11:14,080 --> 00:11:16,040 But there would be nothing in between. 209 00:11:20,400 --> 00:11:25,000 Elon invests almost all of his money into his next venture. 210 00:11:25,000 --> 00:11:26,280 So this is an ATM. 211 00:11:26,280 --> 00:11:30,080 What we're going to do is transform the traditional banking industry. 212 00:11:30,080 --> 00:11:32,760 He becomes CEO of a banking company 213 00:11:32,760 --> 00:11:35,360 that will soon be worth billions of dollars. 214 00:11:41,520 --> 00:11:45,880 But, whilst away on honeymoon, Elon is ousted as CEO. 215 00:11:48,720 --> 00:11:51,040 He retains his shares, 216 00:11:51,040 --> 00:11:53,960 but no longer has any significant role at the company. 217 00:11:55,600 --> 00:11:59,280 You know, I think it's not a good idea to leave the office 218 00:11:59,280 --> 00:12:02,960 when there are, like, a lot of major things under way 219 00:12:02,960 --> 00:12:05,760 which are causing people a great deal of stress. 220 00:12:05,760 --> 00:12:09,800 There was just a lot of worry that caused the management team to decide 221 00:12:09,800 --> 00:12:12,040 that I wasn't the right guy to run the company. 222 00:12:14,120 --> 00:12:16,680 Wow, what a formative event. 223 00:12:16,680 --> 00:12:19,160 It leaves a mark. You feel betrayed. 224 00:12:23,120 --> 00:12:26,640 As a teenager, Elon didn't have many friends, 225 00:12:26,640 --> 00:12:29,560 but he read all the time. 226 00:12:29,560 --> 00:12:32,520 Through the night - I couldn't get him up in the morning. 227 00:12:33,920 --> 00:12:36,240 He read a lot of science fiction. 228 00:12:36,240 --> 00:12:39,200 He would read through the night until he saw me getting up, 229 00:12:39,200 --> 00:12:41,680 and then he would go to sleep, and then of course 230 00:12:41,680 --> 00:12:44,360 I had to dress him when he was half asleep and get him to school. 231 00:12:47,160 --> 00:12:49,360 What are some of the problems 232 00:12:49,360 --> 00:12:53,000 that are likely to most affect the future of humanity? 233 00:12:53,000 --> 00:12:55,240 The biggest terrestrial problem we've got 234 00:12:55,240 --> 00:12:56,840 is sustainable energy. 235 00:12:58,560 --> 00:13:01,960 The other one being the extension of life beyond Earth, 236 00:13:01,960 --> 00:13:03,920 to make life multi-planetary. 237 00:13:08,400 --> 00:13:11,440 Humans need an adventure. 238 00:13:11,440 --> 00:13:14,080 Getting to new territory. 239 00:13:14,080 --> 00:13:17,480 The best reason is so that we don't get wiped out. 240 00:13:17,480 --> 00:13:21,160 Something like an asteroid strike, like plagues, 241 00:13:21,160 --> 00:13:23,840 or nuclear war, of course. 242 00:13:28,120 --> 00:13:30,240 If that was to happen, 243 00:13:30,240 --> 00:13:33,800 human civilisation on multiple planets 244 00:13:33,800 --> 00:13:35,280 is a great insurance policy. 245 00:13:42,520 --> 00:13:44,680 Back in the early 2000s, 246 00:13:44,680 --> 00:13:48,440 I was going to Mars Society meetings regularly. 247 00:13:48,440 --> 00:13:53,240 The topic that would come up was this desire to have a fundraiser. 248 00:13:53,240 --> 00:13:56,680 Film-maker James Cameron was a Mars nut himself 249 00:13:56,680 --> 00:13:59,480 and had been contemplating a Mars movie. 250 00:13:59,480 --> 00:14:03,760 Somebody had the idea of getting Jim Cameron as the feature draw. 251 00:14:06,520 --> 00:14:08,520 I sent out all the invitations, 252 00:14:08,520 --> 00:14:11,200 and I have to admit they didn't do real well. 253 00:14:13,640 --> 00:14:17,520 One notable response from a guy named Elon Musk 254 00:14:17,520 --> 00:14:19,840 that nobody had ever heard of. 255 00:14:19,840 --> 00:14:22,240 He actually paid $5,000 for the plate 256 00:14:22,240 --> 00:14:24,680 and to be seated with Jim Cameron. 257 00:14:25,840 --> 00:14:28,800 He pulled me aside, and he said, 258 00:14:28,800 --> 00:14:31,880 "Well, I have a project I need some help with - 259 00:14:31,880 --> 00:14:35,680 "take a little miniature greenhouse down to the surface of Mars 260 00:14:35,680 --> 00:14:37,160 "to watch the plants grow." 261 00:14:40,360 --> 00:14:43,560 Honestly, I thought it was, like, 262 00:14:43,560 --> 00:14:46,960 crazy ambitious but well thought out. 263 00:14:46,960 --> 00:14:48,760 40 feet down, two and a half... 264 00:14:48,760 --> 00:14:50,880 He was trying to do something to wake people up. 265 00:14:50,880 --> 00:14:53,880 OK, Neil, we can see you coming down the ladder now. 266 00:14:53,880 --> 00:14:58,680 His philosophy was, like, great things don't happen automatically. 267 00:14:58,680 --> 00:15:01,120 That's one small step for man.... 268 00:15:01,120 --> 00:15:04,840 After winning the space race, Nasa's plans slowed. 269 00:15:04,840 --> 00:15:08,480 HE SPEAKS RUSSIAN 270 00:15:08,480 --> 00:15:11,560 Engine ignition and liftoff of the Proton rocket carrying Zvezda, 271 00:15:11,560 --> 00:15:13,560 the centrepiece of Russia's contribution 272 00:15:13,560 --> 00:15:15,200 to the International Space Station... 273 00:15:15,200 --> 00:15:19,560 Meanwhile, other nations developed their own rocket technology, 274 00:15:19,560 --> 00:15:22,720 launching satellites and supplying the International Space Station. 275 00:15:24,680 --> 00:15:29,360 In planning a trip to Mars, Musk believes he can also capitalise 276 00:15:29,360 --> 00:15:32,800 on the business opportunities that are opening up in space, 277 00:15:32,800 --> 00:15:35,160 putting America back in the game. 278 00:15:35,160 --> 00:15:37,320 If you had a satellite and you want to put it in orbit, 279 00:15:37,320 --> 00:15:39,240 you could fly on a Russian rocket... 280 00:15:40,400 --> 00:15:43,400 ..you can fly on a Chinese rocket, 281 00:15:43,400 --> 00:15:46,800 a European rocket, you could fly on an Indian rocket. 282 00:15:46,800 --> 00:15:47,840 Nobody flew in America. 283 00:15:47,840 --> 00:15:50,280 None of the American companies flew in American rockets, 284 00:15:50,280 --> 00:15:52,000 they were like, "We're going overseas, 285 00:15:52,000 --> 00:15:54,720 "cos there's nothing in America that's cost competitive." 286 00:15:59,560 --> 00:16:02,200 If Elon is going to get into space, 287 00:16:02,200 --> 00:16:07,080 he's going to need to convince some ex-NASA engineers to help him. 288 00:16:07,080 --> 00:16:09,360 When Elon, you know, first started talking to me 289 00:16:09,360 --> 00:16:11,040 about, you know, the ultimate goal 290 00:16:11,040 --> 00:16:14,000 of making humanity a multi-planetary species... 291 00:16:15,760 --> 00:16:17,080 I... 292 00:16:17,080 --> 00:16:18,880 You probably won't use this, 293 00:16:18,880 --> 00:16:21,760 but, you know, this is what I thought 294 00:16:21,760 --> 00:16:24,080 first of all, OK?! 295 00:16:24,080 --> 00:16:26,680 So I'll give you something you can put on camera. 296 00:16:26,680 --> 00:16:28,240 I didn't quite get his name, 297 00:16:28,240 --> 00:16:30,400 "Ian Musk" is what I thought he said, 298 00:16:30,400 --> 00:16:33,560 and I had no clue what PayPal was, he mentioned that. 299 00:16:33,560 --> 00:16:35,560 It seemed like a funny name to me. 300 00:16:35,560 --> 00:16:37,640 And that he was looking for a Russian rocket 301 00:16:37,640 --> 00:16:39,480 to do an experiment to Mars, 302 00:16:39,480 --> 00:16:43,560 and I was the guy, he was told, could help him do that. 303 00:16:46,800 --> 00:16:50,760 Elon, Jim and another engineer, Mike Griffin, 304 00:16:50,760 --> 00:16:54,800 fly to Russia to buy cheaper Russian rockets off the shelf. 305 00:16:54,800 --> 00:16:59,600 The standard Delta rocket, it was about $80-100 million. 306 00:16:59,600 --> 00:17:03,600 You could go to Russia and by a similar size rocket for two million. 307 00:17:08,480 --> 00:17:11,920 We got into a classic military complex. 308 00:17:11,920 --> 00:17:13,680 Razor wire on the top 309 00:17:13,680 --> 00:17:15,920 and security and guns. 310 00:17:15,920 --> 00:17:18,840 And finally we got down to where everybody was gathered, 311 00:17:18,840 --> 00:17:21,640 including the chief designer. 312 00:17:21,640 --> 00:17:25,840 In classic European style, you know, we didn't just jump into business - 313 00:17:25,840 --> 00:17:29,440 we started to drink, and drink a little vodka, 314 00:17:29,440 --> 00:17:32,280 and we'd have a toast, you know, a toast to the Russians, 315 00:17:32,280 --> 00:17:33,640 a toast to the Americans, 316 00:17:33,640 --> 00:17:35,920 and a toast to Elon, a toast to the internet. 317 00:17:35,920 --> 00:17:40,280 Yeah, and so Elon starts to tell the chief designer, 318 00:17:40,280 --> 00:17:43,320 you know, all about his idea of a multi-planetary species. 319 00:17:43,320 --> 00:17:46,760 And here's Elon in his late 20s, you know, 320 00:17:46,760 --> 00:17:48,480 and they don't know him, 321 00:17:48,480 --> 00:17:51,360 he looks like he just walked in off the street, 322 00:17:51,360 --> 00:17:53,840 and they took that as a sign of disrespect. 323 00:17:56,680 --> 00:17:58,320 The chief designer was very angry. 324 00:17:58,320 --> 00:18:02,680 He chopped Elon off mid-sentence and started in staccato Russian. 325 00:18:02,680 --> 00:18:04,360 "This is a machine of war, 326 00:18:04,360 --> 00:18:08,360 "this is not a toy for some young kid from Silicon Valley, 327 00:18:08,360 --> 00:18:11,400 "this is not internet bullshit here, we're talking life and death." 328 00:18:11,400 --> 00:18:14,480 And then he spit on Elon's shoes, and he spit on my shoes. 329 00:18:14,480 --> 00:18:17,840 Elon turned to me, and he said, "I think he spit on our shoes!" 330 00:18:17,840 --> 00:18:18,960 And I said yeah. 331 00:18:22,080 --> 00:18:25,520 We got through all that, we got on the Delta flight back to New York. 332 00:18:25,520 --> 00:18:28,320 Mike and I sat back, ordered some whisky, 333 00:18:28,320 --> 00:18:29,960 and we were having a drink. 334 00:18:29,960 --> 00:18:33,360 We were watching Elon, he's sitting two or three rows up from us. 335 00:18:33,360 --> 00:18:35,000 And he's on his computer, 336 00:18:35,000 --> 00:18:37,800 and he's working really, really diligently. 337 00:18:37,800 --> 00:18:40,600 Mike elbows me, and he said, he said, uh... 338 00:18:40,600 --> 00:18:44,280 "What the fuck do you think that idiot savant is up to up there?" 339 00:18:44,280 --> 00:18:45,320 And... 340 00:18:45,320 --> 00:18:48,480 And Elon turns around, and he looked at us, 341 00:18:48,480 --> 00:18:51,280 and this is one of the few times he looks you directly in the eye, 342 00:18:51,280 --> 00:18:53,320 and he says, "Fuck you both. 343 00:18:53,320 --> 00:18:56,680 "I think we can build this rocket ourselves." 344 00:18:58,720 --> 00:19:01,040 And he said, "I've got a spreadsheet." 345 00:19:01,040 --> 00:19:02,560 We started looking at it. 346 00:19:02,560 --> 00:19:04,160 It was remarkable. 347 00:19:04,160 --> 00:19:06,600 He says, "We're going to build this when we get home." 348 00:19:06,600 --> 00:19:09,680 And Mike and I just said, "OK!" 349 00:19:13,120 --> 00:19:15,120 Ah... He'd probably try to drink it. 350 00:19:17,360 --> 00:19:19,160 Me and another guy, John Garvey, 351 00:19:19,160 --> 00:19:21,360 we wanted to build the biggest amateur rocket. 352 00:19:25,720 --> 00:19:28,480 Holy...! Whoa! 353 00:19:28,480 --> 00:19:31,960 We called it the Big Freaking Rocket, BFR. 354 00:19:34,440 --> 00:19:36,000 John, at one point, said, 355 00:19:36,000 --> 00:19:38,360 "There's this internet millionaire that wants to come by 356 00:19:38,360 --> 00:19:40,400 "and see our BFR project. 357 00:19:40,400 --> 00:19:42,320 "Is it OK if he comes by this Sunday?" 358 00:19:42,320 --> 00:19:44,800 And I'm just, like, "Oh, yeah, sure, that's OK." 359 00:19:44,800 --> 00:19:46,440 Two, one. 360 00:19:51,800 --> 00:19:53,240 He was very interesting, 361 00:19:53,240 --> 00:19:56,560 because he immediately started asking very pointed questions, 362 00:19:56,560 --> 00:19:59,360 like, you know, "What do you have there?" 363 00:19:59,360 --> 00:20:01,120 "A 13,000lb thrust engine." 364 00:20:01,120 --> 00:20:02,520 He goes, "Is that a big engine?" 365 00:20:02,520 --> 00:20:04,880 I go, "It's the biggest amateur engine." 366 00:20:04,880 --> 00:20:07,000 And he goes, "Have you worked on anything bigger?" 367 00:20:07,000 --> 00:20:10,360 I said, "Yeah, yeah, I worked on a 650,000lb thrust engine at TRW." 368 00:20:10,360 --> 00:20:12,000 He said, "Could you build that engine?" 369 00:20:13,200 --> 00:20:15,160 He said to me and a couple of other guys, 370 00:20:15,160 --> 00:20:17,200 "Hey, if you guys are in, we'll start a company." 371 00:20:17,200 --> 00:20:20,280 I said, "I'm in," so I was the first one to sign. 372 00:20:20,280 --> 00:20:23,120 That's how I ended up becoming employee number one at SpaceX. 373 00:20:27,080 --> 00:20:29,360 I remember emailing Elon again, saying, 374 00:20:29,360 --> 00:20:31,040 "Hey, so what's next?" and... 375 00:20:31,040 --> 00:20:33,560 "A rocket company? Yeah, sign me up." 376 00:20:33,560 --> 00:20:36,480 Say your name, spell it for me, tell me what you do. 377 00:20:36,480 --> 00:20:39,720 Elon Musk, E-L-O-N M-U-S-K, 378 00:20:39,720 --> 00:20:43,000 chief executive officer of Space Exploration Technologies, 379 00:20:43,000 --> 00:20:44,440 or SpaceX. 380 00:20:44,440 --> 00:20:46,400 We couldn't hire anybody out of industry, 381 00:20:46,400 --> 00:20:48,560 cos all my friends in the industry just thought, 382 00:20:48,560 --> 00:20:51,240 "No way am I going to come there, you guys are going to fail." 383 00:20:51,240 --> 00:20:53,040 I think there's only so much we can learn 384 00:20:53,040 --> 00:20:54,600 by looking through a telescope, 385 00:20:54,600 --> 00:20:57,400 and eventually we need to go out there if we're to find the answer. 386 00:20:57,400 --> 00:21:02,440 The first time I met him was at a amateur rocket weekend, 387 00:21:02,440 --> 00:21:05,720 and then later on, he came to my house. 388 00:21:05,720 --> 00:21:08,800 And so I sent the whole family to the movies! 389 00:21:08,800 --> 00:21:10,840 "Go watch a movie!" 390 00:21:10,840 --> 00:21:13,320 We talked for a long time. 391 00:21:13,320 --> 00:21:14,840 We talked more than two hours, 392 00:21:14,840 --> 00:21:17,240 and when they came back, he was still there. 393 00:21:17,240 --> 00:21:19,240 I think it's actually pretty smart to do this, 394 00:21:19,240 --> 00:21:22,320 to go to somebody and check out their house, right? 395 00:21:22,320 --> 00:21:24,840 And, you know, the overall impression 396 00:21:24,840 --> 00:21:27,320 is so much more complete if you look at how they live. 397 00:21:27,320 --> 00:21:31,120 EBay is shelling out 1.5 billion bucks for PayPal, 398 00:21:31,120 --> 00:21:35,040 a popular system used by web surfers to pay their bills... 399 00:21:35,040 --> 00:21:37,520 A month after SpaceX is formed, 400 00:21:37,520 --> 00:21:42,600 a buyout of PayPal nets Elon Musk $250 million. 401 00:21:43,880 --> 00:21:46,960 Elon immediately tells his new group of engineers 402 00:21:46,960 --> 00:21:48,880 they have just over a year 403 00:21:48,880 --> 00:21:51,320 to become the first privately owned company 404 00:21:51,320 --> 00:21:54,000 to build a rocket that makes orbit. 405 00:21:58,040 --> 00:22:04,040 SpaceX relocates to Kwajalein, a small island in the Pacific Ocean. 406 00:22:05,440 --> 00:22:08,520 There was no power, there was no water, plumbing. 407 00:22:08,520 --> 00:22:11,320 We had to literally bring everything out there. 408 00:22:13,800 --> 00:22:15,520 The logistics were terrible. 409 00:22:15,520 --> 00:22:18,280 Just trying to get liquid oxygen there in the Tropics 410 00:22:18,280 --> 00:22:20,000 was quite a feat. 411 00:22:21,200 --> 00:22:25,400 It was humid. My body wasn't really made for that. 412 00:22:25,400 --> 00:22:28,480 It was work and then work 413 00:22:28,480 --> 00:22:30,800 and, uh...maybe work! 414 00:22:30,800 --> 00:22:33,800 Everything is driven by schedule. 415 00:22:36,440 --> 00:22:38,280 That was brutal. 416 00:22:38,280 --> 00:22:41,240 Kwajalein was the only game for us at the time, 417 00:22:41,240 --> 00:22:45,520 but it ended up being not the ultimate place to be. 418 00:22:47,640 --> 00:22:49,600 The day that Falcon 1 launched, 419 00:22:49,600 --> 00:22:54,800 Elon was...stressed at how much money he was spending. 420 00:22:54,800 --> 00:22:56,600 Yeah, it's pretty nerve-racking. 421 00:22:56,600 --> 00:22:59,120 Sort of like seeing my baby go up there, you know? 422 00:22:59,120 --> 00:23:00,680 It's pretty scary. 423 00:23:03,440 --> 00:23:05,640 Step 170, LCR. 424 00:23:05,640 --> 00:23:08,680 Initiate auto sequence start at T-minus 60 seconds. 425 00:23:08,680 --> 00:23:09,760 Proceeding. 426 00:23:11,120 --> 00:23:14,000 You were kind of moving towards that launch, 427 00:23:14,000 --> 00:23:16,920 and then you realise one day you're actually in the control room 428 00:23:16,920 --> 00:23:18,240 and you're doing this, right? 429 00:23:18,240 --> 00:23:20,040 30 seconds. 430 00:23:20,040 --> 00:23:23,960 Elon, he was nervous as hell, just like all of us! 431 00:23:25,120 --> 00:23:26,560 20 seconds. 432 00:23:26,560 --> 00:23:28,800 That final count in the seconds up to you, 433 00:23:28,800 --> 00:23:31,240 you're just, like, so tense. 434 00:23:31,240 --> 00:23:33,200 Just get it lit and please lift off! 435 00:23:33,200 --> 00:23:36,240 Ten, nine, eight, 436 00:23:36,240 --> 00:23:39,360 seven, six, five, 437 00:23:39,360 --> 00:23:41,760 four, three... 438 00:23:41,760 --> 00:23:44,600 Two, one, zero. 439 00:23:44,600 --> 00:23:46,520 Plus one, plus two, 440 00:23:46,520 --> 00:23:48,440 plus three, plus four, 441 00:23:48,440 --> 00:23:51,520 plus five, plus six, plus seven, 442 00:23:51,520 --> 00:23:54,720 plus eight, plus nine, plus ten. 443 00:24:00,520 --> 00:24:02,880 This is the LC on the countdown net. 444 00:24:02,880 --> 00:24:05,160 Falcon 1 is airborne at this time. 445 00:24:44,600 --> 00:24:47,800 It only worked for 28 seconds or so, 446 00:24:47,800 --> 00:24:49,440 and then the engine went out. 447 00:24:49,440 --> 00:24:52,240 Stage one, OK, we just lost it. 448 00:24:58,880 --> 00:25:01,440 Elon was pretty disappointed. 449 00:25:01,440 --> 00:25:04,560 And just moments ago, the Falcon 1 rocketed toward space 450 00:25:04,560 --> 00:25:06,440 off a small island in the Pacific. 451 00:25:06,440 --> 00:25:09,400 But just moments after take-off, the rocket failed. 452 00:25:12,360 --> 00:25:14,240 Angry at the failure, 453 00:25:14,240 --> 00:25:19,040 Elon blames Jeremy Hollman, one of the young rocket engineers. 454 00:25:19,040 --> 00:25:21,440 Elon, reporting to the press, 455 00:25:21,440 --> 00:25:23,920 said the engineer and the technician screwed up. 456 00:25:23,920 --> 00:25:26,760 Well, it ends up it wasn't really their fault. 457 00:25:26,760 --> 00:25:30,560 If anybody, it was my fault for choosing aluminium bayonets. 458 00:25:30,560 --> 00:25:32,480 A quick postmortem reveals that 459 00:25:32,480 --> 00:25:36,640 salt sea spray caused corrosion on the aluminium components. 460 00:25:36,640 --> 00:25:39,120 But Elon refuses to back down. 461 00:25:41,280 --> 00:25:43,840 Elon wouldn't retract it in the press, 462 00:25:43,840 --> 00:25:46,040 and that didn't sit well with Jeremy. 463 00:25:46,040 --> 00:25:49,040 I went and talked with Elon about that, 464 00:25:49,040 --> 00:25:51,360 and Elon said, "It's... you know, it's... 465 00:25:51,360 --> 00:25:54,560 "There's no going back, you know, we're just moving forward." 466 00:25:54,560 --> 00:25:57,720 So... So he ended up leaving the company. 467 00:26:07,120 --> 00:26:11,640 So there was intense meetings where, "Let's not fail again." 468 00:26:11,640 --> 00:26:14,160 He started working with us to optimise the rocket 469 00:26:14,160 --> 00:26:16,000 to get as much out of it as possible. 470 00:26:18,120 --> 00:26:19,760 He was technically very strong, 471 00:26:19,760 --> 00:26:22,840 even though he was just learning about rockets. 472 00:26:22,840 --> 00:26:25,640 And the one thing I noticed, if people were negative, 473 00:26:25,640 --> 00:26:27,400 they were not in the next meeting. 474 00:26:29,120 --> 00:26:32,560 He said a company is a bunch of vectors, 475 00:26:32,560 --> 00:26:34,200 each person is a vector, 476 00:26:34,200 --> 00:26:37,160 and they need to point in the direction that you want to go. 477 00:26:37,160 --> 00:26:40,360 Bureaucracy and office politics and low morale, 478 00:26:40,360 --> 00:26:42,800 it's almost random vectors. 479 00:26:42,800 --> 00:26:45,040 He was always about making all the vectors, 480 00:26:45,040 --> 00:26:46,600 which are all the employees, 481 00:26:46,600 --> 00:26:49,440 pointing in the right direction, forward, moving forward. 482 00:26:51,400 --> 00:26:53,200 Elon's ambition for SpaceX 483 00:26:53,200 --> 00:26:56,240 can be found within his family history, 484 00:26:56,240 --> 00:27:00,200 most notably his grandfather, Joshua Haldeman. 485 00:27:00,200 --> 00:27:03,120 My dad was very adventurous. 486 00:27:03,120 --> 00:27:06,360 He actually was driving along the road in Saskatchewan 487 00:27:06,360 --> 00:27:09,360 and saw an aeroplane in the field, and it was for sale. 488 00:27:09,360 --> 00:27:11,400 And he thought, "Oh, this looks good." 489 00:27:11,400 --> 00:27:14,720 He swapped his car for the plane. 490 00:27:14,720 --> 00:27:18,280 He became this pilot who flew all over Canada 491 00:27:18,280 --> 00:27:20,720 and then flew all over America. 492 00:27:21,840 --> 00:27:25,880 Elon's grandfather lost all his money in the Great Depression. 493 00:27:25,880 --> 00:27:29,720 It resulted in a radical change in his thinking, 494 00:27:29,720 --> 00:27:34,160 and he became a leading figure in a movement called the technocracy. 495 00:27:37,520 --> 00:27:42,320 The whole planet Earth is in danger of total destruction. 496 00:27:43,320 --> 00:27:46,840 Technocracy is a scientific approach to human affairs. 497 00:27:46,840 --> 00:27:50,800 Technocrats believed in removing all politicians. 498 00:27:50,800 --> 00:27:54,640 Instead, scientists and engineers would run the world. 499 00:27:56,200 --> 00:28:00,040 They wore grey uniforms, held mass recruitment rallies, 500 00:28:00,040 --> 00:28:02,360 and even changed their names to numbers, 501 00:28:02,360 --> 00:28:04,960 such as 1X1809. 502 00:28:06,480 --> 00:28:09,440 Above all, technocrats vowed to use science 503 00:28:09,440 --> 00:28:12,120 to solve the greatest problems facing mankind. 504 00:28:14,240 --> 00:28:17,400 Keeping America competitive requires affordable energy. 505 00:28:17,400 --> 00:28:22,080 And here we have a serious problem - America is addicted to oil. 506 00:28:26,920 --> 00:28:29,760 By definition, we must move to renewable energy. 507 00:28:31,360 --> 00:28:33,680 We will eventually run out of energy and die. 508 00:28:33,680 --> 00:28:36,360 Civilisation will collapse. 509 00:28:36,360 --> 00:28:41,240 In 2004, Elon Musk invests a $6 million stake 510 00:28:41,240 --> 00:28:44,800 in a small electric-car company called Tesla, 511 00:28:44,800 --> 00:28:47,080 becoming chairman of the board. 512 00:28:47,080 --> 00:28:50,160 Really, what matters is, are we making a difference in the world? 513 00:28:50,160 --> 00:28:52,920 To make a difference in the world, we have to build a lot of cars. 514 00:28:52,920 --> 00:28:56,520 Until we see every car on the road being electric, 515 00:28:56,520 --> 00:28:58,440 you know, we will not stop. 516 00:28:58,440 --> 00:29:01,640 So, you know, this is really just the beginning of the beginning. 517 00:29:01,640 --> 00:29:03,280 All right. APPLAUSE 518 00:29:05,880 --> 00:29:07,880 We had nothing. 519 00:29:07,880 --> 00:29:11,560 The day I started, we had a big empty floor. 520 00:29:11,560 --> 00:29:13,880 They had one Craftsman tool box, 521 00:29:13,880 --> 00:29:16,280 and we had to go to IKEA to buy the desks. 522 00:29:16,280 --> 00:29:19,280 We had to go onto the Dell and buy our computers. 523 00:29:19,280 --> 00:29:20,960 We crimped our own ethernet wires, 524 00:29:20,960 --> 00:29:23,360 and we painted the space on the weekend. 525 00:29:23,360 --> 00:29:24,760 They had a Lotus Elise, 526 00:29:24,760 --> 00:29:27,360 and they had a pallet full of lithium-ion batteries 527 00:29:27,360 --> 00:29:28,760 that'd just come in from Korea. 528 00:29:28,760 --> 00:29:31,480 And they said, "We're going to take these lithium-ion batteries, 529 00:29:31,480 --> 00:29:34,360 "put them into that Elise, and we're going to make a car company." 530 00:29:39,720 --> 00:29:45,000 Every car start-up in America since Ford has gone bankrupt. 531 00:29:45,000 --> 00:29:47,480 There was Rosen Motors, there was DeLorean, 532 00:29:47,480 --> 00:29:50,360 there was Fisker - car company after car company. 533 00:29:50,360 --> 00:29:51,680 And large amounts of money 534 00:29:51,680 --> 00:29:53,000 and a large amount of time 535 00:29:53,000 --> 00:29:54,120 would often be invested 536 00:29:54,120 --> 00:29:55,800 before it was a complete wipe-out. 537 00:29:55,800 --> 00:29:59,200 That's the sound of a crushed automobile! 538 00:30:00,440 --> 00:30:03,520 Elon Musk now has two companies 539 00:30:03,520 --> 00:30:07,640 with unproven and highly experimental products. 540 00:30:07,640 --> 00:30:10,600 Look at this electric car called the Tesla. 541 00:30:10,600 --> 00:30:12,960 And here we are with Elon Musk. 542 00:30:12,960 --> 00:30:14,400 Oh, I'll also open the door for you. 543 00:30:14,400 --> 00:30:17,080 There's actually a touchpad, which you can press and enter the... 544 00:30:17,080 --> 00:30:19,200 Well, that's too complicated for me! 545 00:30:19,200 --> 00:30:24,160 July 2006 and Tesla now has its first battery-powered vehicle, 546 00:30:24,160 --> 00:30:25,320 the Roadster. 547 00:30:25,320 --> 00:30:27,640 In fact, it's the only production electric car for sale 548 00:30:27,640 --> 00:30:29,040 in the United States of any kind. 549 00:30:29,040 --> 00:30:33,320 My original role was the office manager, so, I was responsible for, 550 00:30:33,320 --> 00:30:37,160 basically, everything at the company that wasn't engineering. 551 00:30:37,160 --> 00:30:42,160 We were a start-up, we were very scrappy, we hardly spent any money 552 00:30:42,160 --> 00:30:43,560 on anything. 553 00:30:43,560 --> 00:30:47,640 But we want to launch the Roadster in six weeks and go. 554 00:30:51,960 --> 00:30:55,560 I went down to the Santa Monica unveiling event, 555 00:30:55,560 --> 00:30:57,560 which they did in an aeroplane hangar. 556 00:30:59,240 --> 00:31:02,880 A cocktail party with cars driving indoors... 557 00:31:04,080 --> 00:31:06,640 # There's so many things I like about you... 558 00:31:06,640 --> 00:31:11,160 ..in a circle around all the participants, silent, 559 00:31:11,160 --> 00:31:12,600 no emissions. 560 00:31:12,600 --> 00:31:15,760 It was... Just a crackle of excitement in the air. 561 00:31:15,760 --> 00:31:19,000 At one point, I got to be in a little small group conversation 562 00:31:19,000 --> 00:31:20,360 with Arnold Schwarzenegger. 563 00:31:20,360 --> 00:31:22,440 That doesn't happen to me on a daily basis. 564 00:31:22,440 --> 00:31:24,240 We'll do 0-60 in around 4 seconds. 565 00:31:24,240 --> 00:31:25,440 Let's go. Here we go. 566 00:31:25,440 --> 00:31:26,480 # Most of all... 567 00:31:26,480 --> 00:31:27,640 Whoa! 568 00:31:27,640 --> 00:31:31,520 # I like the way you move! # 569 00:31:31,520 --> 00:31:35,520 A newcomer with no experience of building cars has entered the race. 570 00:31:35,520 --> 00:31:39,520 A zero emission sports car that can go head-to-head with a Ferrari 571 00:31:39,520 --> 00:31:40,680 and a Porsche and win. 572 00:31:42,040 --> 00:31:43,760 Very nice. 573 00:31:43,760 --> 00:31:47,000 Everybody was very, very bullish. 574 00:31:47,000 --> 00:31:49,040 People were buying cars, I was surprised. 575 00:31:49,040 --> 00:31:51,760 I mean, I didn't know that many people who would just up and buy 576 00:31:51,760 --> 00:31:54,640 a car that wasn't ready for $109,000 at that point. 577 00:31:54,640 --> 00:31:57,320 I was smitten, in fact, on the spot bought a Roadster. 578 00:31:57,320 --> 00:32:00,800 I think I was customer number 17 of all their customers. 579 00:32:00,800 --> 00:32:04,880 Behind-the-scenes, there wasn't enough ability to keep the batteries 580 00:32:04,880 --> 00:32:07,960 thermally regulated and they'd get too hot. 581 00:32:07,960 --> 00:32:10,520 And next thing you know, it's starting to smell and you can... 582 00:32:10,520 --> 00:32:12,040 You know the smell. 583 00:32:12,040 --> 00:32:15,400 So, we would cool the battery pack with ice packs. 584 00:32:15,400 --> 00:32:20,200 But it felt like we had to build the enthusiasm with a promise 585 00:32:20,200 --> 00:32:23,160 that was, you know, maybe a stretch. 586 00:32:23,160 --> 00:32:25,200 But Elon had a way of... 587 00:32:25,200 --> 00:32:26,920 Of dancing through that. 588 00:32:26,920 --> 00:32:28,800 $109,000. It's a deal! 589 00:32:28,800 --> 00:32:32,160 It's a deal! And our car's twice the efficiency of a Prius, 590 00:32:32,160 --> 00:32:35,640 so a Prius is a gas-guzzling hog by comparison with our cars. 591 00:32:35,640 --> 00:32:38,000 So, it's like plugging in a hairdryer, super simple. 592 00:32:38,000 --> 00:32:39,560 Oh, yeah? Yeah. 593 00:32:39,560 --> 00:32:42,760 To persuade folks like me that, eventually, all cars will be 594 00:32:42,760 --> 00:32:46,520 electric, that this is the future, so much so that I'm believing it 595 00:32:46,520 --> 00:32:49,720 in my gut is the inevitable future, is a rare skill. 596 00:32:52,440 --> 00:32:55,960 Tesla has taken hundreds of orders for the Roadster. 597 00:32:55,960 --> 00:32:58,880 I tested this one, it's hot. 598 00:32:58,880 --> 00:33:02,520 And Elon has taken millions of dollars from customers. 599 00:33:02,520 --> 00:33:05,960 But production issues mean that, several months on, 600 00:33:05,960 --> 00:33:08,560 they're still not delivering the cars. 601 00:33:08,560 --> 00:33:11,000 And now the company is haemorrhaging money. 602 00:33:13,480 --> 00:33:16,680 If Roadster can't sustain the company by March, then 603 00:33:16,680 --> 00:33:18,600 that's it and that scares me. 604 00:33:18,600 --> 00:33:21,640 We need to get the company to cash flow positive in 6-9 months 605 00:33:21,640 --> 00:33:23,360 or we're screwed. 606 00:33:23,360 --> 00:33:27,440 I mean, you know, each month that passes is, literally... 607 00:33:27,440 --> 00:33:29,240 Costs us tens of millions of dollars, 608 00:33:29,240 --> 00:33:30,760 I mean, we need to appreciate that. 609 00:33:38,840 --> 00:33:40,760 Just headed to the Menlo store 610 00:33:40,760 --> 00:33:44,760 because I want to do a car-by-car walk-through. 611 00:33:44,760 --> 00:33:46,680 Basically, a rundown of each car, 612 00:33:46,680 --> 00:33:49,800 what's its status and what are the issues. 613 00:33:49,800 --> 00:33:52,680 This was save the company, he was embedded. 614 00:33:52,680 --> 00:33:54,360 Hey, Greg, the key fell apart. 615 00:33:54,360 --> 00:33:58,600 He dug deep into every aspect of what was going on. 616 00:33:58,600 --> 00:33:59,640 Holy mackerel! 617 00:34:03,120 --> 00:34:06,120 Most of these Roadsters have major faults. 618 00:34:06,120 --> 00:34:08,320 We have, like, an army of cars here. 619 00:34:08,320 --> 00:34:12,360 Jesus! I'm looking like we're going to be able to deliver four cars 620 00:34:12,360 --> 00:34:14,280 to the sales team. This is frightening. 621 00:34:15,600 --> 00:34:18,600 Right now, we're facing an issue, which is that it's a sort of a 622 00:34:18,600 --> 00:34:22,320 crisis of confidence amongst our customers, where you can only tell 623 00:34:22,320 --> 00:34:24,800 them delay so many times and then they start to think, 624 00:34:24,800 --> 00:34:27,720 "Man, is this company ever going to get me a car?" 625 00:34:27,720 --> 00:34:32,280 He was talking to subcontractors, tier two, tier three suppliers. 626 00:34:32,280 --> 00:34:34,600 Sometimes he called me at 2:30 in the morning. 627 00:34:34,600 --> 00:34:38,600 I'm available 24-7, call me 3am on a Sunday morning, I don't care. 628 00:34:38,600 --> 00:34:42,680 My family life was not the highlight of my years at Tesla. 629 00:34:42,680 --> 00:34:44,200 These were long, long days. 630 00:34:46,360 --> 00:34:49,560 It wasn't until Zach and Doreen found the faults 631 00:34:49,560 --> 00:34:52,760 that we then realised that we had substandard parts on those cars, 632 00:34:52,760 --> 00:34:55,280 which, quite frankly, pissed me off. 633 00:34:55,280 --> 00:34:57,600 I want... I want names named. 634 00:34:57,600 --> 00:35:00,320 At the time, there was incredible pressure on Elon. 635 00:35:00,320 --> 00:35:03,160 You know, how are you going to tell the hardest-working man 636 00:35:03,160 --> 00:35:05,480 in the world that, like, "No, I can't get that done." 637 00:35:05,480 --> 00:35:08,760 If someone is always on the hot seat and is always the root cause 638 00:35:08,760 --> 00:35:12,920 for problems, they will not be part of this organisation long term. 639 00:35:12,920 --> 00:35:16,120 It's not OK to be unhappy and part of this company. Right. 640 00:35:16,120 --> 00:35:18,640 And if somebody can't get happy, get divorced. 641 00:35:18,640 --> 00:35:19,880 Right, exactly. 642 00:35:19,880 --> 00:35:21,720 ELON CHUCKLES MEEKLY 643 00:35:23,560 --> 00:35:25,640 Exactly, speak from personal experience! 644 00:35:29,240 --> 00:35:33,280 In 2002, college sweethearts Elon and Justine 645 00:35:33,280 --> 00:35:37,560 lost their first child, Nevada, aged just ten weeks. 646 00:35:39,200 --> 00:35:42,640 Using IVF, the couple then had twins, 647 00:35:42,640 --> 00:35:44,720 followed by triplets. 648 00:35:44,720 --> 00:35:49,120 Suddenly, the CEO of SpaceX and the chairman of Tesla 649 00:35:49,120 --> 00:35:50,480 is a father of five. 650 00:35:52,480 --> 00:35:56,720 Now that you're a father, does it spur you on even more 651 00:35:56,720 --> 00:35:58,640 in both of these companies? 652 00:36:00,040 --> 00:36:02,240 Not really, er... 653 00:36:02,240 --> 00:36:05,240 Obviously, I don't think there's any fundamental change 654 00:36:05,240 --> 00:36:07,240 in my motivation for either company. 655 00:36:07,240 --> 00:36:11,840 Actually, I have less time to work, because I... I have to and want to 656 00:36:11,840 --> 00:36:15,160 spend time with my kids, so... 657 00:36:15,160 --> 00:36:16,320 It actually... 658 00:36:16,320 --> 00:36:19,360 Actually impairs my ability to execute here, really, 659 00:36:19,360 --> 00:36:21,360 but that's fine, I don't mind. 660 00:36:21,360 --> 00:36:23,240 OK, all right. 661 00:36:23,240 --> 00:36:27,320 He compartmentalises his brain. 662 00:36:27,320 --> 00:36:29,480 People are coming in and talking to him, 663 00:36:29,480 --> 00:36:32,040 and every hour they tell him what's happening 664 00:36:32,040 --> 00:36:35,760 and when you date or marry Elon, 665 00:36:35,760 --> 00:36:37,800 you don't see him much. 666 00:36:37,800 --> 00:36:41,520 So, it is hard to have a relationship in his case. 667 00:36:43,360 --> 00:36:45,840 We were seeing a marital therapist 668 00:36:45,840 --> 00:36:48,920 and I think he just got tired of the stress and the uncertainty 669 00:36:48,920 --> 00:36:50,400 of it and the next day... 670 00:36:51,920 --> 00:36:56,720 Sorry. I went into my therapist's office and he had left a message 671 00:36:56,720 --> 00:37:00,640 for her to tell me that he was filing for divorce. 672 00:37:00,640 --> 00:37:04,040 And so that was... That was how I found out. 673 00:37:04,040 --> 00:37:06,080 One of the more 674 00:37:06,080 --> 00:37:08,040 memorable moments of my life, yeah. 675 00:37:26,160 --> 00:37:29,200 I mean, I was very young when I met Elon, I was 22, 676 00:37:29,200 --> 00:37:31,000 so I hadn't really... Um... 677 00:37:31,000 --> 00:37:33,240 Yeah, that was it - school and a bit of acting. 678 00:37:36,040 --> 00:37:38,480 Weeks after filing for divorce, 679 00:37:38,480 --> 00:37:41,680 Elon travels to London on a business trip 680 00:37:41,680 --> 00:37:44,800 where he meets an up-and-coming actress, Talulah Riley, 681 00:37:44,800 --> 00:37:46,440 in a West End nightclub. 682 00:37:47,560 --> 00:37:51,200 I remember thinking, "Wow, what an incredible man, 683 00:37:51,200 --> 00:37:52,880 "never met anyone like him". 684 00:37:52,880 --> 00:37:56,440 And I was just thinking about him and so I emailed him and said, 685 00:37:56,440 --> 00:38:00,200 "OK, well, I've got some time after this shoot, so I'm going to book 686 00:38:00,200 --> 00:38:03,840 "a flight to LA and I've never been to LA, I'll book myself a holiday 687 00:38:03,840 --> 00:38:05,400 "and it'll be lovely to see you". 688 00:38:05,400 --> 00:38:09,360 And he wanted to sort of, you know, fly me over and sort it all out 689 00:38:09,360 --> 00:38:12,040 and I was, like, "No, it's fine, I'll... I'll take care of it." 690 00:38:13,240 --> 00:38:16,320 And then he said, "I don't want you to go home 691 00:38:16,320 --> 00:38:18,600 "and I want to marry you." 692 00:38:18,600 --> 00:38:21,640 And he apologised, he said, "I'm sorry I don't have a ring," 693 00:38:21,640 --> 00:38:26,520 he was like, "But this is, you know, this is what I'd like to do." 694 00:38:26,520 --> 00:38:29,880 And so we shook hands on it and I said, 695 00:38:29,880 --> 00:38:32,120 "Yes, I will do." 696 00:38:32,120 --> 00:38:35,880 My father told my mother at the end of their first date 697 00:38:35,880 --> 00:38:38,840 that he was going to marry her and so I think I was primed 698 00:38:38,840 --> 00:38:41,920 to think that 699 00:38:41,920 --> 00:38:43,320 after ten days... 700 00:38:43,320 --> 00:38:46,040 You know, I thought, "Yep, that's... That's how it happens, 701 00:38:46,040 --> 00:38:47,240 "that's what love is" and... 702 00:38:47,240 --> 00:38:49,040 Do that thing, Dad. 703 00:38:49,040 --> 00:38:51,880 You know, obviously, moved straight into the house with the children 704 00:38:51,880 --> 00:38:55,360 and it became a very real thing, immediately. 705 00:38:55,360 --> 00:38:58,440 What's this game? Did you just take... Did you just take that 706 00:38:58,440 --> 00:39:01,280 from your brother? Yeah, but I want to see what game it is. 707 00:39:01,280 --> 00:39:04,440 Dammit, this is what I was talking about! 708 00:39:04,440 --> 00:39:05,960 Somebody took somebody's toy. 709 00:39:05,960 --> 00:39:07,440 A CHILD CRIES 710 00:39:07,440 --> 00:39:10,520 Statistically speaking, one out of the five has a good chance 711 00:39:10,520 --> 00:39:12,600 of being unhappy at any given point. 712 00:39:12,600 --> 00:39:16,440 I think because of my youth, I was relatively gung ho about it. 713 00:39:16,440 --> 00:39:19,880 But, essentially, our home life was work, I mean, we were focused 714 00:39:19,880 --> 00:39:22,440 on the companies and the children and that was... 715 00:39:22,440 --> 00:39:24,040 That was it. 716 00:39:24,040 --> 00:39:25,640 In 2010, 717 00:39:25,640 --> 00:39:27,560 the space shuttle, 718 00:39:27,560 --> 00:39:30,040 after nearly 30 years of duty, 719 00:39:30,040 --> 00:39:32,200 will be retired from service. 720 00:39:36,560 --> 00:39:40,360 A contract worth billions of dollars could be handed to SpaceX 721 00:39:40,360 --> 00:39:43,400 if they can take on the duties of the retiring space shuttle. 722 00:39:47,040 --> 00:39:50,520 SpaceX engineers have been on the remote Pacific island 723 00:39:50,520 --> 00:39:52,080 for almost two years 724 00:39:52,080 --> 00:39:54,880 with only one failed launch to show for it. 725 00:39:57,920 --> 00:39:59,760 This is SpaceX Launch Control. 726 00:39:59,760 --> 00:40:03,000 The vehicle has been recycled and turned around for another attempt. 727 00:40:03,000 --> 00:40:05,960 Terminal count launch has started. 90 seconds. 728 00:40:07,040 --> 00:40:09,120 Well, the first one was miserable for me, 729 00:40:09,120 --> 00:40:11,200 cos it was... it was my engine on fire. 730 00:40:11,200 --> 00:40:14,040 T minus 60 seconds. Vehicles to start-up. 731 00:40:14,040 --> 00:40:18,920 So the second flight, I was kind of in the doghouse with Elon, 732 00:40:18,920 --> 00:40:21,800 because, you know, the last one had failed and can't do that again. 733 00:40:21,800 --> 00:40:24,120 T minus 30 seconds. 734 00:40:24,120 --> 00:40:25,960 And if people get afraid of him, 735 00:40:25,960 --> 00:40:28,120 that's certainly not the right answer. 736 00:40:28,120 --> 00:40:32,800 But at the same time, he is intimidating, I can see that. 737 00:40:32,800 --> 00:40:35,680 It helps if you have a little bit of a thicker skin. 738 00:40:39,240 --> 00:40:42,880 Six, five, four... First-stage engine sequence initiated. 739 00:40:42,880 --> 00:40:45,200 ..three, two, one. 740 00:40:56,920 --> 00:40:58,840 Falcon has cleared the tower. 741 00:41:08,640 --> 00:41:10,960 The Merlin engine worked beautifully... 742 00:41:10,960 --> 00:41:12,640 Thank fucking God! 743 00:41:12,640 --> 00:41:15,320 ..and I'm like, "Yes, it did it," and I remember Elon, 744 00:41:15,320 --> 00:41:18,200 I always sat next to Elon, we stood up and hugged each other. 745 00:41:18,200 --> 00:41:21,280 The pressure was off from that first failure, and it's like, "We got it." 746 00:41:23,640 --> 00:41:25,440 Coming up on stage separation. 747 00:41:28,720 --> 00:41:30,760 Separation. Stages are separated. 748 00:41:30,760 --> 00:41:33,120 CHEERING 749 00:41:33,120 --> 00:41:35,200 The first stage flew beautifully, 750 00:41:35,200 --> 00:41:37,800 and then when the stage separated and the second stage came, 751 00:41:37,800 --> 00:41:41,000 and then the second stage started doing the motion. 752 00:41:44,560 --> 00:41:47,640 It starts wiggling around and the engine kicking back and forth. 753 00:41:47,640 --> 00:41:49,560 It's like if you're carrying a glass of wine, 754 00:41:49,560 --> 00:41:52,240 and every step you take, the wine sloshes around, 755 00:41:52,240 --> 00:41:55,400 well, it actually ended up sloshing so high in the tanks 756 00:41:55,400 --> 00:41:57,880 that we burned the tank down, it flamed the engine out. 757 00:41:59,480 --> 00:42:02,440 The bottom line was we spun out of control. 758 00:42:02,440 --> 00:42:03,960 It went a couple thousand miles 759 00:42:03,960 --> 00:42:07,440 and then crashed in the ocean... again. 760 00:42:14,720 --> 00:42:16,960 That failure wasn't on me, but it doesn't matter. 761 00:42:16,960 --> 00:42:19,280 It was just, like, terrible for the company 762 00:42:19,280 --> 00:42:21,760 to have another one fail when we were so close. 763 00:42:25,480 --> 00:42:28,600 Elon had enough money to build three rockets. 764 00:42:28,600 --> 00:42:31,240 We just told him, "Just calm down, 765 00:42:31,240 --> 00:42:33,360 "we'll figure something out, we're going to fix it, 766 00:42:33,360 --> 00:42:36,720 "we made a mistake, and we mop it up and do it again." 767 00:42:36,720 --> 00:42:39,920 Nine, eight, seven... 768 00:42:39,920 --> 00:42:42,920 So we came back a year later, again, 769 00:42:42,920 --> 00:42:44,440 with a new engine. 770 00:42:52,360 --> 00:42:54,000 A much better engine. 771 00:42:56,520 --> 00:42:59,560 Everything else tightened down that we learned from the other launches. 772 00:43:01,400 --> 00:43:04,160 Elon said that he's in for three times, 773 00:43:04,160 --> 00:43:06,320 and everybody could count! 774 00:43:21,440 --> 00:43:24,520 It was always three strikes and you're out. 775 00:43:24,520 --> 00:43:26,520 You work so hard for so long... 776 00:43:29,080 --> 00:43:31,840 It's agony, it really is, it's just, uh... 777 00:43:31,840 --> 00:43:35,880 You know, everything was in it, and then it failed. 778 00:43:35,880 --> 00:43:38,760 And to have it fail three times in a row was pretty disheartening. 779 00:43:44,240 --> 00:43:48,000 So let's move it on now to brown-rice eco cars. 780 00:43:49,680 --> 00:43:51,640 Tesla say it is pretty nippy. 781 00:43:51,640 --> 00:43:54,680 Which is the fastest in a drag race? 782 00:43:54,680 --> 00:43:56,720 # Excuse me, girl 783 00:43:56,720 --> 00:44:00,120 # I know it's a bit embarrassing but I just noticed some tan lines... # 784 00:44:00,120 --> 00:44:02,000 Almighty...! 785 00:44:02,000 --> 00:44:04,520 # See, I reckon you're about an eight or a nine... # 786 00:44:04,520 --> 00:44:07,480 Yes...! Come on! 787 00:44:07,480 --> 00:44:08,880 Bye! 788 00:44:08,880 --> 00:44:13,440 It does 0-60 in 3.9 seconds. 789 00:44:13,440 --> 00:44:19,120 # Like I said, you are really fit, but my gosh, don't you just know it? 790 00:44:19,120 --> 00:44:21,160 # I'm not trying to pull you... # 791 00:44:21,160 --> 00:44:23,720 Two years after its star-studded launch, 792 00:44:23,720 --> 00:44:26,520 the Roadster has moved from dream prototype 793 00:44:26,520 --> 00:44:28,720 to a saleable production car. 794 00:44:29,960 --> 00:44:34,480 Tesla budgeted $25 million to develop the Roadster. 795 00:44:34,480 --> 00:44:38,160 The bill now stands at 140 million. 796 00:44:40,680 --> 00:44:43,960 This miscalculation means that the company can't afford 797 00:44:43,960 --> 00:44:47,400 to make the cars for the price they promised. 798 00:44:47,400 --> 00:44:51,720 400 expectant customers have already paid full deposits 799 00:44:51,720 --> 00:44:55,480 and are now being asked to pay at least $6,000 more. 800 00:44:55,480 --> 00:44:58,000 I cannot understate the degree of grief 801 00:44:58,000 --> 00:45:00,280 that I've personally gone through to make this work. 802 00:45:00,280 --> 00:45:02,480 Glass sandwich every bloody day. 803 00:45:02,480 --> 00:45:05,840 I wish we didn't have to raise prices. It sucks. 804 00:45:05,840 --> 00:45:08,960 And I can't carry Tesla entirely by myself. 805 00:45:08,960 --> 00:45:11,000 I just don't have the resources to do it. 806 00:45:11,000 --> 00:45:13,920 We took faith in you, and now you're just turning around 807 00:45:13,920 --> 00:45:16,400 and changing the price on us, not telling us, 808 00:45:16,400 --> 00:45:19,680 and then we find out about it backwards... Yeah. 809 00:45:19,680 --> 00:45:22,960 ..and now we're kind of hurt, because we weren't told. 810 00:45:22,960 --> 00:45:28,920 We can't sell cars for, you know, less than they cost us to produce. 811 00:45:28,920 --> 00:45:31,920 There seemed to be a little bit of anger from some people in the room. 812 00:45:33,440 --> 00:45:35,760 Uh... It was very tough. 813 00:45:38,600 --> 00:45:40,280 I think once you've snapped, 814 00:45:40,280 --> 00:45:42,720 you probably don't realise it, because you've gone insane. 815 00:45:42,720 --> 00:45:45,480 Your ability to look in the mirror psychologically 816 00:45:45,480 --> 00:45:47,840 is substantially impaired. 817 00:45:47,840 --> 00:45:50,520 Probably most insane people don't think they're insane. 818 00:45:50,520 --> 00:45:52,400 Tough times have hit Tesla, 819 00:45:52,400 --> 00:45:56,520 with some buyers cancelling orders of the battery-powered sports car. 820 00:45:58,440 --> 00:46:01,360 2008, we had launched the car. 821 00:46:01,360 --> 00:46:06,160 The team of people had done a spectacular job 822 00:46:06,160 --> 00:46:09,600 of coming up to speed from... from nothing. 823 00:46:09,600 --> 00:46:13,360 And then Elon, he made a public announcement 824 00:46:13,360 --> 00:46:14,960 that we're going to bring in 825 00:46:14,960 --> 00:46:17,400 the real guys from the auto industry now. 826 00:46:17,400 --> 00:46:19,720 We're not going to be playing around anymore. 827 00:46:19,720 --> 00:46:23,600 I was being seen more as the problem 828 00:46:23,600 --> 00:46:25,480 than as the solution. 829 00:46:27,480 --> 00:46:30,200 I took that as a personal affront. 830 00:46:30,200 --> 00:46:32,480 I didn't really feel like I should be chopped liver. 831 00:46:33,640 --> 00:46:35,440 And I took a move away. 832 00:46:38,480 --> 00:46:41,120 Elon decided that I am his guy. 833 00:46:42,160 --> 00:46:45,560 I told Elon when he was interviewing, 834 00:46:45,560 --> 00:46:47,560 "Look at my name. 835 00:46:47,560 --> 00:46:52,240 "It is spelled Ze'ev. 836 00:46:52,240 --> 00:46:55,360 "Zero-emission electric vehicle. 837 00:46:57,280 --> 00:46:59,240 "My friend, this is a destiny!" 838 00:47:00,760 --> 00:47:03,360 The company was bleeding a lot of money. 839 00:47:03,360 --> 00:47:07,440 If they don't get the car into the market, 840 00:47:07,440 --> 00:47:09,120 there would be no company. 841 00:47:09,120 --> 00:47:13,000 So I came essentially as an agent of change. 842 00:47:13,000 --> 00:47:16,120 I got all the executives 843 00:47:16,120 --> 00:47:19,160 that I decided that they should not be with us 844 00:47:19,160 --> 00:47:21,400 and terminated them. 845 00:47:21,400 --> 00:47:23,840 Faced with financial ruin, 846 00:47:23,840 --> 00:47:26,880 like his grandfather before him, 847 00:47:26,880 --> 00:47:29,080 Elon adopts the same clinical approach 848 00:47:29,080 --> 00:47:31,400 to increasing workforce efficiency. 849 00:47:33,800 --> 00:47:37,320 To work at Tesla, you have to be a little crazy. 850 00:47:38,480 --> 00:47:44,240 You really need to be more dedicated to the mission 851 00:47:44,240 --> 00:47:47,080 than you are to your own personal growth. 852 00:47:48,240 --> 00:47:52,440 Between Elon and I, there was an understanding 853 00:47:52,440 --> 00:47:56,000 that I was in it for the mission as he was in it for the mission. 854 00:47:57,200 --> 00:47:59,480 All a company is is a group of people 855 00:47:59,480 --> 00:48:02,480 that have gathered together to create a product or service. 856 00:48:02,480 --> 00:48:04,880 Are these efforts that people are expending, 857 00:48:04,880 --> 00:48:07,400 are they resulting in a better product or service? 858 00:48:07,400 --> 00:48:10,560 And if they're not, stop those efforts. 859 00:48:10,560 --> 00:48:12,360 Elon can be very overbearing. 860 00:48:12,360 --> 00:48:15,720 I've seen Elon fire dozens and dozens and dozens of people. 861 00:48:15,720 --> 00:48:18,480 He wouldn't ask anything of you 862 00:48:18,480 --> 00:48:20,880 or ask you to work harder than he was working himself, 863 00:48:20,880 --> 00:48:24,800 and so I just kept trying to nail it every single time. 864 00:48:24,800 --> 00:48:27,320 I was drinking out of a fire hose every single day 865 00:48:27,320 --> 00:48:28,680 for years and years and years, 866 00:48:28,680 --> 00:48:32,400 so it just felt like... how we did things. 867 00:48:34,880 --> 00:48:38,800 I feel bad that I lost those prime years with my daughter. 868 00:48:40,040 --> 00:48:42,520 I didn't have as much contact with my family 869 00:48:42,520 --> 00:48:44,440 as I otherwise would have. 870 00:48:44,440 --> 00:48:45,960 I don't know how he does it. 871 00:48:45,960 --> 00:48:48,120 He just keeps going and going and going. 872 00:48:48,120 --> 00:48:52,560 He's amazing, the amount of energy that man has. 873 00:48:52,560 --> 00:48:56,880 He can just take the pain of dealing with it constantly. 874 00:48:56,880 --> 00:48:58,200 And most of us can't. 875 00:48:59,840 --> 00:49:04,480 I had decided that I had no work-life balance 876 00:49:04,480 --> 00:49:06,320 and I needed to take a break. 877 00:49:06,320 --> 00:49:08,560 But I remember sitting in a room with him... 878 00:49:13,520 --> 00:49:16,920 ..and telling him that my three-year-old son 879 00:49:16,920 --> 00:49:18,400 was calling me dad... 880 00:49:19,840 --> 00:49:21,760 ..and that I needed to take a break. 881 00:49:23,560 --> 00:49:26,040 Work hard every waking hour. 882 00:49:26,040 --> 00:49:28,720 If somebody else is working 50 hours when you're working 100, 883 00:49:28,720 --> 00:49:30,240 you'll get twice as much done 884 00:49:30,240 --> 00:49:32,640 in the course of a year as the other company. 885 00:49:33,960 --> 00:49:36,080 He was trying to avoid bankruptcy. 886 00:49:36,080 --> 00:49:39,480 Every day, Elon would come home and say, "Tomorrow, that's it." 887 00:49:39,480 --> 00:49:42,680 Being ridiculed in the press, horrible things being said. 888 00:49:42,680 --> 00:49:45,240 There was something called the Tesla Death Watch at the time, 889 00:49:45,240 --> 00:49:48,040 which was an internet site kind of counting down the days 890 00:49:48,040 --> 00:49:50,480 till when Tesla was going to disappear. 891 00:49:50,480 --> 00:49:52,520 Electric carmaker Tesla 892 00:49:52,520 --> 00:49:56,120 laying off 20% of the workforce, 24%... 893 00:49:56,120 --> 00:49:58,480 He'd have night terrors in the middle of the night. 894 00:49:58,480 --> 00:49:59,640 I'd be fast asleep, 895 00:49:59,640 --> 00:50:02,520 and then suddenly he would be screaming in his sleep 896 00:50:02,520 --> 00:50:05,240 and sort of trying to climb up, like, in his sleep, 897 00:50:05,240 --> 00:50:06,680 trying to escape something. 898 00:50:06,680 --> 00:50:10,600 All available resource had to be ploughed into... 899 00:50:10,600 --> 00:50:12,840 ..the projects, into the companies. 900 00:50:12,840 --> 00:50:14,520 You know, he gave me an out. 901 00:50:14,520 --> 00:50:17,360 He said, "This is going to be the hard path, 902 00:50:17,360 --> 00:50:19,880 "and you don't have to stay for it." 903 00:50:23,880 --> 00:50:26,880 This simultaneous failure across all of his companies, 904 00:50:26,880 --> 00:50:29,680 he's talking about chewing glass and staring into the abyss. 905 00:50:29,680 --> 00:50:31,520 Rockets are blowing up. 906 00:50:34,600 --> 00:50:37,280 And it just kept piling on. 907 00:50:39,320 --> 00:50:40,960 The American people are concerned 908 00:50:40,960 --> 00:50:45,040 about the situation in our financial markets 909 00:50:45,040 --> 00:50:48,720 and our economy, and I share their concerns... 910 00:50:48,720 --> 00:50:49,960 It was the financial crisis. 911 00:50:49,960 --> 00:50:51,480 Is your job safe? 912 00:50:51,480 --> 00:50:54,200 Can our next president do anything to turn this economy around? 913 00:50:54,200 --> 00:50:57,440 The recession is going to be deeper and longer than we thought... 914 00:50:57,440 --> 00:50:59,880 Everything's falling apart in the economy. 915 00:50:59,880 --> 00:51:02,360 Major auto companies in America are going bankrupt. 916 00:51:02,360 --> 00:51:04,720 Not a great time to be trying to fund 917 00:51:04,720 --> 00:51:06,880 a automotive company that's not yet profitable. 918 00:51:06,880 --> 00:51:09,600 The important point to bear in mind is when you have new technology, 919 00:51:09,600 --> 00:51:11,880 it takes time to optimise that technology... 920 00:51:11,880 --> 00:51:16,960 Elon and I, we were in the mix for raising $100 million. 921 00:51:16,960 --> 00:51:20,320 You feel that you just come up for air 922 00:51:20,320 --> 00:51:23,480 and somebody come and bang you on the head. 923 00:51:25,920 --> 00:51:28,040 And then it gets much worse. 924 00:51:28,040 --> 00:51:31,080 This negativity, something bad is happening. 925 00:51:31,080 --> 00:51:33,240 Fear, uncertainty and doubt. 926 00:51:33,240 --> 00:51:35,720 You know, sometimes when a company is teetering 927 00:51:35,720 --> 00:51:38,920 between economic certainty and "It's just a dream", 928 00:51:38,920 --> 00:51:41,120 sentiment shifts can make a difference, right? 929 00:51:41,120 --> 00:51:43,880 And the sentiment can turn against you. 930 00:51:43,880 --> 00:51:47,440 The largest investor in the company has turned hostile. 931 00:51:47,440 --> 00:51:50,240 Things like not signing legal paperwork. 932 00:51:50,240 --> 00:51:52,400 And then it gets a little trickier still, 933 00:51:52,400 --> 00:51:54,680 in that the company, by the way, is running out of money, 934 00:51:54,680 --> 00:51:57,600 so it didn't have cash to even last to the end of 2008, 935 00:51:57,600 --> 00:51:59,120 and the biggest investor says 936 00:51:59,120 --> 00:52:01,520 "We're not going to put another penny in the company." 937 00:52:03,040 --> 00:52:05,840 In that moment, Elon did something 938 00:52:05,840 --> 00:52:07,840 that I've never seen any entrepreneur do, 939 00:52:07,840 --> 00:52:09,320 going net into debt. 940 00:52:09,320 --> 00:52:10,760 He borrowed money from friends, 941 00:52:10,760 --> 00:52:12,840 literally spent every penny he had, plus more, 942 00:52:12,840 --> 00:52:15,000 and he told all the folks at Tesla, 943 00:52:15,000 --> 00:52:17,880 "I'll just do the whole thing, I'll invest $40 million." 944 00:52:17,880 --> 00:52:20,920 He had no house to his name, he had nothing, he was all in. 945 00:52:24,080 --> 00:52:26,920 And what happened was people's fear 946 00:52:26,920 --> 00:52:28,280 switched to greed. 947 00:52:32,520 --> 00:52:35,120 All of the other inside investors, ourselves included, 948 00:52:35,120 --> 00:52:36,960 invested as much as we could. 949 00:52:36,960 --> 00:52:40,640 That wasn't our bravery - it was Elon's bravery that we attached to. 950 00:52:44,080 --> 00:52:49,800 Part of it, I think, comes from a self-affirming nature 951 00:52:49,800 --> 00:52:55,120 that his brother Kimbal described as being somewhat immune to risk. 952 00:52:56,160 --> 00:52:58,840 A more accurate description is that he... 953 00:52:58,840 --> 00:53:02,200 ..so truly sees the vision of what's unfolding, 954 00:53:02,200 --> 00:53:05,560 that it doesn't seem fathomable that it would not happen. 955 00:53:08,160 --> 00:53:10,040 Elon called a big meeting. 956 00:53:10,040 --> 00:53:14,840 Then Elon said, "OK, get your shit together. 957 00:53:14,840 --> 00:53:16,120 "We have one more rocket. 958 00:53:16,120 --> 00:53:18,320 "Bring it down there, we launch again in six weeks." 959 00:53:20,320 --> 00:53:23,480 After the flight three, we thought we were out. 960 00:53:23,480 --> 00:53:26,960 But just by luck, you get that fourth chance at it. 961 00:53:26,960 --> 00:53:30,080 SpaceX has just enough existing components 962 00:53:30,080 --> 00:53:33,520 to attempt a fourth and final flight to orbit. 963 00:53:33,520 --> 00:53:36,280 I was exhausted. 20 seconds. 964 00:53:36,280 --> 00:53:39,680 But he rallied all of us for not giving up 965 00:53:39,680 --> 00:53:41,440 and continuing this at this time 966 00:53:41,440 --> 00:53:43,960 and putting everything on the last rocket, basically. 967 00:53:43,960 --> 00:53:46,320 Two, one, zero. 968 00:54:12,600 --> 00:54:15,040 Stage separation confirmed! Confirmed! 969 00:54:23,200 --> 00:54:25,560 We didn't change a lot on the rocket this time. 970 00:54:25,560 --> 00:54:28,200 We changed primarily a piece of software. 971 00:54:31,120 --> 00:54:35,120 Nine minutes, 30 seconds. Second stage approaching SECO. 972 00:54:35,120 --> 00:54:36,720 And that was all it took. 973 00:54:36,720 --> 00:54:38,960 The rocket went to orbit. 974 00:54:40,920 --> 00:54:45,440 And that means Falcon 1 is the first privately developed launch vehicle 975 00:54:45,440 --> 00:54:47,280 to reach Earth orbit from the ground. 976 00:54:54,240 --> 00:54:56,320 It's pretty amazing. 977 00:55:02,080 --> 00:55:04,480 # I'm feeling rough, I'm raw 978 00:55:04,480 --> 00:55:07,480 # I'm in the prime of my life... # 979 00:55:07,480 --> 00:55:10,280 CHEERING 980 00:55:10,280 --> 00:55:11,960 What we're hearing in the background 981 00:55:11,960 --> 00:55:15,000 is Elon Musk addressing the employees at SpaceX. 982 00:55:16,560 --> 00:55:18,680 Definitely one of the best days of my life, 983 00:55:18,680 --> 00:55:20,880 and I think also for a lot of people here at SpaceX, 984 00:55:20,880 --> 00:55:23,000 the culmination of a dream. 985 00:55:23,000 --> 00:55:24,760 It's kind of mind-blowing, actually. 986 00:55:30,280 --> 00:55:34,960 NASA called and told us that we'd won a $1.5 billion contract, 987 00:55:34,960 --> 00:55:36,840 and I couldn't even hold the phone. 988 00:55:36,840 --> 00:55:40,240 I just... I just blurted out, "I love you guys!" 989 00:55:40,240 --> 00:55:41,600 They saved you. 990 00:55:41,600 --> 00:55:43,720 Yeah, they did. 991 00:55:43,720 --> 00:55:46,600 Financially and maybe even emotionally. 992 00:55:46,600 --> 00:55:50,240 I'll tell you, that was... that was definitely helpful, yeah. 993 00:55:54,680 --> 00:55:58,480 It was a wild party, and I don't remember the end of it. 994 00:55:58,480 --> 00:56:03,120 # Yeah, it's overwhelming, but what else can we do? 995 00:56:03,120 --> 00:56:08,920 # Get jobs in offices and wake up for the morning commute? # 996 00:56:14,960 --> 00:56:17,280 It was sort of the first thing that went right. 997 00:56:19,640 --> 00:56:21,400 Elon was just... 998 00:56:21,400 --> 00:56:26,200 ..oh, the most joyous, incredible, wonderful thing. 999 00:56:29,280 --> 00:56:32,280 It was lovely to watch him achieve. 1000 00:56:33,400 --> 00:56:36,120 Elon went from being ridiculed 1001 00:56:36,120 --> 00:56:39,360 to suddenly his word was gospel. 1002 00:56:47,560 --> 00:56:51,040 Fame is not something that agrees with him. 1003 00:56:55,880 --> 00:56:57,520 Tranquility Base here. 1004 00:56:57,520 --> 00:56:59,600 The Eagle has landed. 1005 00:56:59,600 --> 00:57:02,080 They inspired you to do this, didn't they? Yes. 1006 00:57:04,160 --> 00:57:07,200 And to see them casting stones in your direction. 1007 00:57:10,680 --> 00:57:12,720 It's difficult. 1008 00:57:12,720 --> 00:57:16,800 Neil, Jim Lovell and I have come to a unanimous conclusion, 1009 00:57:16,800 --> 00:57:19,160 that this is, in fact, a blueprint 1010 00:57:19,160 --> 00:57:22,080 for a mission to nowhere. 1011 00:57:31,080 --> 00:57:32,600 Can we just break for a second? 82967

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