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This programme contains scenes
of repetitive flashing images
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and some strong language.
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My first impressions were that
he was very sweet.
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He seemed quite shy.
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A minute and 30 seconds.
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00:00:17,080 --> 00:00:21,000
He said, "May I put my hand
on your knee?"
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And I said, "OK, go on, then."
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Thought it was quite sweet
that he asked.
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T-17, 16, 15...
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00:00:29,840 --> 00:00:31,920
You know, he said,
"I don't usually do this but,"
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you know, he's like,
"I'd love to see you tomorrow.
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"Can we meet for breakfast?"
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00:00:36,520 --> 00:00:39,360
And we had breakfast
and then, at the end of breakfast,
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00:00:39,360 --> 00:00:41,680
he said, "Will you come
and have lunch with me?"
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So then we went for lunch.
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00:00:43,480 --> 00:00:46,600
ROCKETS RUMBLE
T-10, 9, 8...
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00:00:46,600 --> 00:00:49,240
And then he said,
"Will you come to dinner?"
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00:00:49,240 --> 00:00:52,320
And then I remember, one evening,
he said, um...
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00:00:52,320 --> 00:00:55,320
"Would...Would you like
to come back to my hotel room
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"so we can look at rocket videos?"
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Five, four, three, two...
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And I thought, "Mm."
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I was like, "OK, yeah,
I'll come back." And, um...
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And we did get into his hotel and
he did just show me rocket videos.
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ROCKETS ROAR
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CHEERING AND APPLAUSE
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Elon Musk is the richest man
who has ever lived.
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But says he doesn't own a house.
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He's a little different
than a lot of other people.
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He truly embodies big thinking
and risk-taking.
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With a few taps from his fingers,
global markets can crash and soar.
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CEO Elon Musk creating chaos
with a single tweet.
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It's bizarre. He shook confidence.
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00:01:54,840 --> 00:01:56,200
He's probably sleep-deprived.
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This company is not run properly.
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He is creating a chip
that can be put into our brains.
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00:02:02,160 --> 00:02:04,480
Yeah, a chip
and a bunch of tiny wires.
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00:02:04,480 --> 00:02:06,120
And it would do what?
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00:02:06,120 --> 00:02:07,440
Could you input?
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00:02:07,440 --> 00:02:10,040
Could you download Jim? Mm-hm, yes.
But what...?
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HE LAUGHS
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And, right now,
he's building rockets
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that could take 100 people to Mars.
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CHEERING
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His power and wealth
continue to grow.
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No-one on Earth is doing more
to change the world.
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Come on over, man.
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Why...why would you want
to talk to me?
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00:02:35,280 --> 00:02:38,840
Because you are...you are the dude,
my friend. You are the dude.
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00:02:44,960 --> 00:02:48,080
He's done things
that no other country can do.
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It's quite magnificent.
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You're his mother... Yes.
..and his greatest champion. Yes.
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00:02:56,640 --> 00:03:01,960
He so dangerous.
Completely, totally irresponsible.
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00:03:01,960 --> 00:03:04,960
It's not as much fun being me
as you'd think.
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I'm not sure I want to be me.
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00:03:10,040 --> 00:03:13,080
It seems a little strange
to be handing it all over
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to private enterprise, but I guess
I'm kind of stuck in the past, huh?
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"Unstable, reckless..."
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I'm just being me.
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OK.
CLEARS THROAT
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All right. OK. That all good? Yes.
Lovely. Thank you.
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00:03:48,200 --> 00:03:51,360
I was this science nerd
at high school.
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00:03:51,360 --> 00:03:53,080
I didn't really get many dates.
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00:03:53,080 --> 00:03:57,240
I don't know if men... boys, rather,
were scared of me or whatever,
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00:03:57,240 --> 00:03:58,880
but I didn't have many dates.
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00:03:58,880 --> 00:04:01,000
I wouldn't date anyone who wasn't...
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00:04:01,000 --> 00:04:04,160
if he wasn't as good
at math and science as I was,
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00:04:04,160 --> 00:04:06,600
and no-one was, so...
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00:04:06,600 --> 00:04:08,520
Although my ex-husband was.
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00:04:08,520 --> 00:04:10,560
He was better than me
at math and science,
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00:04:10,560 --> 00:04:12,160
and I hate to admit that,
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00:04:12,160 --> 00:04:15,240
but that probably did help
towards Elon being a genius.
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00:04:28,360 --> 00:04:31,720
One of my co-workers
was a contract consultant
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00:04:31,720 --> 00:04:34,640
for Elon's first start-up,
called Zip2.
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00:04:34,640 --> 00:04:39,400
Elon was upset that this engineer
working on the deal, you know,
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00:04:39,400 --> 00:04:43,120
didn't know the technology well
and he fired him.
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So I went in there the next morning,
he kind of grilled me on,
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like, "Do you know
the subject matter?"
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And I was like,
"Yeah, this is how it works."
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And he was like,
"Great, you're hired."
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He works in mysterious ways,
that guy.
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RADIO TUNES AND DETUNES
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This is KRX.
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00:05:01,680 --> 00:05:04,560
You're waking up to another
beautiful day in San Jose.
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00:05:04,560 --> 00:05:06,120
CAR HORNS HONK
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00:05:06,120 --> 00:05:08,600
Right when the Internet
was being created...
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00:05:10,720 --> 00:05:12,440
..Zip2 was a cool company.
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00:05:12,440 --> 00:05:14,320
Elon and I
sat across from each other.
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00:05:14,320 --> 00:05:15,600
It was like a lab environment -
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00:05:15,600 --> 00:05:16,720
they were still inventing
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the product as they were running it.
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Zip2, a California company
that provides online access
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to information about cities
around the country,
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from where to eat
to how to get around.
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00:05:27,880 --> 00:05:29,800
You imagine the possibilities,
but...
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The company's founder is Elon Musk.
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00:05:32,480 --> 00:05:36,240
How old were you
when you started this company? 23.
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00:05:39,120 --> 00:05:41,040
I remember meeting him
for the first time.
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00:05:41,040 --> 00:05:43,040
He gave me a demo
of what he had done,
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which was online Yellow Pages
with maps and directions,
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00:05:46,160 --> 00:05:48,440
and he turns to me
and goes, "It's cool, huh?"
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And I go, "Yeah, it's really cool."
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I'm staring at him,
he's staring at me
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and I'm thinking, "Is this
like a trick, you know, interview?
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00:05:54,560 --> 00:05:57,080
"Where they're trying to see,
can I come up with something?"
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He kind of assesses people,
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and I've noticed
he tends to stare at them
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00:06:01,240 --> 00:06:03,240
and it can be very intimidating.
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00:06:06,440 --> 00:06:08,360
And then I met Kimbal,
his brother.
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00:06:08,360 --> 00:06:11,720
Zip2 focuses more on business
listings, so, for example...
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00:06:11,720 --> 00:06:13,800
Kimbal was much more personable.
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00:06:15,040 --> 00:06:16,880
1995.
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Brothers Elon and Kimbal
are wannabe entrepreneurs...
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..attempting to build just
one of the thousands of start-ups
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00:06:24,680 --> 00:06:26,680
in the tech gold rush
of Silicon Valley.
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00:06:30,200 --> 00:06:35,240
Living in the office and laden
with over $100,000 of student debt,
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they start searching for people
who believe in them enough
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to finance their venture.
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00:06:42,080 --> 00:06:44,200
How much money do you think
you've invested in...?
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00:06:44,200 --> 00:06:46,600
..Elon's family of companies?
Oh, I don't know.
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It's probably in the order
of $100 million, ballpark.
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About on the order of $100 million,
roughly.
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Yeah.
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The first time I met Elon, he was
pitching Zip2. I remember it well.
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He and Kimbal, they were relatively
new to Silicon Valley,
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00:07:05,320 --> 00:07:07,040
been there only a few months.
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00:07:07,040 --> 00:07:10,800
I just remember thinking, "They're
bright, properly self-confident.
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That perfect entrepreneurial mix
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00:07:13,440 --> 00:07:16,760
of having enough self-confidence
to be humble,
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00:07:16,760 --> 00:07:22,800
enough intelligence to respond to
questions in a very nimble manner.
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00:07:24,960 --> 00:07:26,280
My first week...
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00:07:27,400 --> 00:07:32,040
..I come in and I see two people
kind of passed out on a couch, OK?
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00:07:32,040 --> 00:07:35,160
One was Elon and one was
a summer intern we had. OK?
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00:07:35,160 --> 00:07:37,880
They had both pulled...
They had both pulled an all-nighter.
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00:07:37,880 --> 00:07:41,040
It turned out that was pretty common
occurrence with Elon.
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And we'd stay at the office
until late hours,
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00:07:43,440 --> 00:07:47,240
and then eventually
he'd fall asleep under his cube,
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00:07:47,240 --> 00:07:48,760
with his physics book as a pillow.
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You know, Elon is an unusual fellow.
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He knows just about everything
about everything.
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00:08:00,160 --> 00:08:04,200
I would say, from the age of three,
I thought he was a genius.
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00:08:04,200 --> 00:08:09,680
He would reason with me
and his reasoning was sensible.
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00:08:09,680 --> 00:08:14,000
And how do you even do that when you
don't really have much experience?
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00:08:15,880 --> 00:08:18,720
I wanted him
to go to nursery school.
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00:08:18,720 --> 00:08:20,680
They said,
"Well, he makes it by two days,
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00:08:20,680 --> 00:08:22,800
"but you really should
keep him back a year
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00:08:22,800 --> 00:08:25,840
"because, otherwise, he'll be
a little socially challenged."
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00:08:25,840 --> 00:08:28,920
And I said, "You don't understand,
I have a genius son -
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"he needs to talk
to someone besides me."
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00:08:30,920 --> 00:08:32,960
And, of course,
they rolled their eyes
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00:08:32,960 --> 00:08:35,720
because every mother thinks
their child is a genius!
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You know,
we worked closely together.
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When he was in a good mood, he was
an incredible, fun guy to be with.
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But I remember Elon...
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You know, one time,
it was about nine o'clock at night,
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Elon was going around the office,
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looking to see
who was sitting in their cubes.
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And there weren't many people
sitting in their cubes. It was 9pm.
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And his face turned red, and
he was just really angry
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that, you know,
the entire company wasn't there
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00:09:01,360 --> 00:09:03,200
in the office
at nine o'clock at night.
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00:09:04,600 --> 00:09:07,200
He worked seven days a week,
crazy hours.
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00:09:07,200 --> 00:09:08,480
And, in that time,
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00:09:08,480 --> 00:09:12,200
he managed to still hold
a relationship with his fiancee.
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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.
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00:09:22,160 --> 00:09:27,640
Highly competitive with each other,
Justine scored 97% in the exam.
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Elon scored 98.
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And they have now been dating
for six years.
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A roller-coaster ride
in terms of watching Elon
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go through the trials
and tribulations of working,
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00:09:40,800 --> 00:09:44,160
and the toll that that, you know,
takes on a relationship.
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DOG BARKS
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You know, and you accept that
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00:09:46,400 --> 00:09:49,120
when you're, you know,
spending time with him,
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you're getting
a very small part of him
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because 95% of his mental energy
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is still being consumed
by these problems.
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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.
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00:10:04,120 --> 00:10:08,320
There's no such thing as the
eight-hour day in Silicon Valley,
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00:10:08,320 --> 00:10:09,360
in any field.
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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 -
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00:10:27,120 --> 00:10:30,360
the fastest production car
in the world, only 64 were made.
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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
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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
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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.
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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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