'It's do or die': Inside Rocket Lab’s biggest mission yet
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- čas přidán 25. 06. 2024
- Rocket Lab CEO Peter Beck explains why he's chasing mass to orbit with a new US$50m rocket to compete with Elon Musk’s SpaceX and Jeff Bezos' Blue Origin.
00:00 - Intro
01:11 - Inside Rocket Lab
02:28 - Peter Beck interview
03:26 - Mass to orbit
07:23 - Unit economics
10:29 - Space tourism
12:03 - New space industries
17:44 - Challenges
21:06 - Beck on impact
24:58 - Outro
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Hope you enjoy this episode as much as I enjoyed creating it. Let me know in the comments what industry/company you want me to cover next. Madison 🚀
Wonderful interview, very balanced and insightful.
Awesome, I think a whole series on NZ aerospace tech would be great.
You most certainly do not have to be an investor to appreciate such a well planed and created interview.
NZ Sustainable fashion brands- Untouched World. 🌏 ❤️
Amazing interview! Been following Peter for a couple years now and this man is just a legend!
I’d like to thank this journalist for asking incredibly accurate and relevant questions. Journalism is not dead yet
Peter Beck and RocketLab is a true inspiration, he shows that if you follow your dreams you could truly reach for the stars.
It also shows how incredibly talented his team is getting to this point and having a clear path of development...
Even if he did have to "eat his hat," well part of it.
This girl is hella smart, sharpest questions I've seen in a while
Great interview with great questions. Need more journalist like her!
This was an incredible interview. I feel so privileged to share the planet with this man. Kudos to the interviewer for bringing so much out through great questions.
Amazing interview with Beck. I think the way he explains the overall goal of the company he is finally aligning with what the shareholder wants. Long Term this is a great hold. Go Rocketlab!!!!!
Wow that was a great show. Madison Reidy was so lit.
It was a great show, I'm not sure what they were talking about, but a great show.
@@fubar12345 LOL. Yeah, i'm not really 'business' savvy either. Fortunately I have seen a few video interviews with Peter Beck, but more on the engineering side. Peter is really a diverse CEO. Not too many have those skills.
High quality interview - great content. Thanks Madison/NZH!
Great interview and video. Peter and RKLB have a following in the U.S. Inspirational and a great company!
Wonderful, I can't hear enough about Rocketlab. It's mazing how few people know about Beck and Rocketlab still and how few kiwi's understand just how impressive it is to be doing what they are doing.
A natural Systems Engineer.
Peter is the man. Teach Jeff Bezos a lesson.
Someone on Reddit suggested as a non-Kiwi to watch this at .75 speed for better understandability. Works really well 😁
Sorry, we talk fast down here! M
No worries! Great interview @@nzheraldtv
It makes Peter sound a bit pissed though 😆 🤣
That's no NZ accent! We are attuned to our Western cousins but not fans.
I normally watch all CZcams videos at 1.5x to 2x speed, but this one I watched at 1x, so yeah, it seems these people spoke faster than what I'm used to!
good interview, rare example of an interviewer who did the research necessary to ask interesting questions and understand the answers. don't see that every day in space news.
Really enjoyed this interview. Addressed all the tough questions and potential opportunities.
Top notch interview by Madison Reidy with Peter Beck who ddressed all the tough questions Madison articulate so well 👍
Did Elon ever get back to you?
Beck is amazing ❤❤
In Beck we trust 🙏 $RKLB 📈🚀
Nice interview, good to see informed questions.
The interviewer does a good job with the questions and not beating around the bush. Kudos to her.
Peter Beck rules and Rocket Lab rules.
Interesting interview Madison! Im keen to see what the future holds for Rocket Lab and whether it can continue to invest in its infrastructure to compete with the American and Indian space companies.
Just as a thought I'd be keen for you to interview Eroad Ltd upcoming future with its new CEO or AirNZ or their future plans for new aircraft and airline operating costs.
Thanks Harry! Air NZ interview coming next month, Eroad is a good idea too. M
The non-biased style of interview I just watched just got you guys the sub. Really informative and entertaining interview, great job!! GO ROCKET LAB! 🤙🏻
Wow, i didn't expect so much from an NZ Herald interview. Fantastic questions 👌
Good questions - well done
Great interview! Congratulations for you and your channel
For me the space sector suits your competency very well, so from you I would like to see more from rockets, satellites, space exploration, etc.
Great interview and great interviewer 👏👏👏
Very good interview on both sides
Good interview!
Gorgeous Madison Id like to see Space X next. Rocket Lab rocks Peter Beck is a genius Rocket Lab is an amazing company.
You are a very good interviewer! Lots of good questions on point.
Cant wait for electron update concerning anomaly
Update just landed in my inbox:
"We have received authorization from the FAA to resume Electron launches from Launch Complex 1."
"Rocket Lab currently anticipating a return to flight later this quarter with corrective measures in place."
Review into how it happened still ongoing.
This is the most well-conducted interview on the space industry I've ever listened to.
...actually as I continue to watch this, I think she may simply be the best interviewer I've ever witnessed, period. Wow.
Oh and not to mention the fact that Peter Beck has wonderfully thoughtful answers to these wonderfully insightful questions.
I'd love to know what things Rocket Lab needs to 'crash through' and 'pull off' to get to where they want to be as a company? As Peter mentioned at the end of the interview. It feels like they have a few cliffs to not fall off of in front of them in the short term. Good luck to them though. It's very inspiring see the kiwi mindset tinkering at the bleeding edge. ✊🚀
Watch the part about cost control and unit economics from 7:23 - that's pretty crucial! Thanks for watching. So epic huh. M
@@nzheraldtv ❤️
This man is sooo underated
beautiful company, I love it!
Great Interview!
Rocket lab seems to be on the right track and looking at a bright future and create its own niche in the Aerospace journey.
Always good to hear from Pete.
Excellent stuff bro
Deeply proud and inspired.
I always enjoy listening to Peter Beck interviews.
Awesome woman and awesome interview, thanks!
Mulțumim!
If neutron is launched with their own constellation for internet it would add so much to their market capital. It would a mother of all rallies.❤❤❤
Great questions, you're really smart
Thanks Rick. Not smart, just curious! Madison
„Do something useful and have the biggest impact you can”
Is it just me or did he not address Starship? If SpaceX manages to build Starship, it's game over for all other rocket companies, right? They're building a rocket factory, aiming to build a Starship every single day... was a missed opportunity to ask him about that. Otherwise, very knowledgable and well-prepared reporter, great job! Outclassed the majority of interviewers talking about space, impressed.
"If SpaceX manages to build Starship, it's game over for all other rocket companies, right?"
no, starship is a "hype rocket", most of the goals set by the CEO aren't feasible, like 24 hours turnaround, a few millions of dollars per launch, low maintenance costs between launches, etc.
"they're building a rocket factory, aiming to build a Starship every single day"
LOL. That's not going to happen. Not even with the more faster approach using additive manufacture, like the one implemented by Relativity, it's not possible in a day, not in a week, not even in a month. Traditional methods of manufacturing takes even more time. As I said, Starship is a "hype rocket". Even if SpaceX could magically manufacture one complex rocket that size per day, the costs involved in that imaginary production line and hundreds of Starships per year don't justify the demand for launches in the market, in other words it wouldn't be economically viable.
Starship might be cheaper in terms of U$/kg, but since it is massive, the cost per launch will be way above what competitors like Rocket Lab can charge.
@@luigeribeiroSo you are not an investor - fine, but there are some knowledgeable big names who are, and most of the engineering talent flocks there. The methodology that makes all of Musks companies leading edge is not duplicable.
'Niche Market's' That's what you are looking at here. Starship will not make it 'game over' for all rocket companies. It will make it game over for some, but you have to look at 'The Customer' of the Rocket Companies. NASA (and a lot of pharmaceutical and specialist bio-tech and engineering tech) are going for the establishment of a manned habitat on the Moon. Like the ISS, NASA always has 2 independent companies for supply and crewed launch's, so you don't get people 'stranded' in Space and don't stop.
The Starship Programme is going to be focusing about 80% of their launch's for the SLS and HLS endeavours.
There has never been a test on the human body at 1/3rd gravity, for a long term analysis, in order to get information on what effects that will have on it. Very important to have this, before you commit a manned mission to Mars for a journey of 6 months weightless, 14 months 1/3rd gravity and 6 months return flight, again in weightless conditions (unless some centrifugal rocket design is built).
The other 20% of Starship will be to launch and complete the Starlink Network, as the Starlink V2's are too big for Falcon9 to carry profitably.
The 'niche' that Rocket Lab is targeting, is for a sustainable, long term company, supplying their target customers. And as pointed out in this interview in about 3 or more places, the margins are very small. Even then, although 3D printed Rockets and differential throttled engines are being developed in a similar competitive market to Rocket Lab, what is their niche customer? Possibly not the same. And then you have geographic locations that add advantages for some of those rocket businesses. Some satellites are fragile or sensitive. Some military operations require dedicated launch's from specific global areas.
So there's a big 'pie' and Peter Beck seems to be focusing his business model on the maximum cut of his 'niche customers'. And how many others make fiberglass rockets?
Also, Rocket Lab has a big chunk of the reactionary wheel market. And so another big slice of the satellite market pie. So that adds to his 'small margin' profitability.
Other's seem to 'rush' into making rockets. Peter seems to sit back and ponder and then evaluate, then calmly start making his rocket and associated products.
Like the saying goes, it's the second mouse, that gets the cheese and I can see Peter having plenty to eat. Should wash down the hat nicely. 😉
@@waynerussell6401 I'm a well educated person to know that it doesn't matter how good his engineering team is, HIS CLAIMS are a complete bulshit. Can you see the difference!? His engineers possibly laugh behind his back when he proposes something stupid, not technological and economically viable.
He is not the one behind Starship's design, he is behind the marketing team, he overexaggerates everything. The knowledgeable big names you've mentioned know that.
@@luigeribeiro i think people make this argument because they completely underestimate the viability and importance of rideshare.
you can argue that sending one 10 ton spacecraft to leo up on a vehicle designed for 150 is not viable, and that's all well and good. but it turns out there IS a clear market for satellite operators that are willing to wait and make compromises on inclinations to join a rideshare and fully abuse the insane lift capability with every launch. Beck and others scoffed at transporter missions, but spacex is making bank on those, and some of these smallsats are going into space for nearly half a million USD, which is simply way cheaper than launching on a dedicated ride meant for sats of that size, like electron.
not knocking rocketlab btw, peter beck is right that there's plenty of operators that prefer speed over cost, as speed sometimes decides cost, but he's wrong about the idea that super heavy lifters like starship won't be able to actually reach their potential cost/KG figures, they will, eventually. musk is obviously way too optimistic about that timeline however, i suspect it will take at least 20-30 years for starship or a derivative to reach the kind of sticker price he talks about.
Multi gen ❤️🔥
I'm excited to see Neutron launch!
Just waiting for someone to design a standardised space container, and for all the launch companies to actually support it.
❤❤
He makes so much more sense then Elon.
He is talking about making an impact so much. I am afraid he is talking about that explodery type of impact.Either way he's going to make impact.
Honestly Blue Origin is nowhere near what the press seem to give off and portray, They've not launched a single orbital class rocket💀
Money doesn't need to exist when you have your own race and people.. its all about resources.. money is just how you obtain power on earth.. in space you can be independant from it(earth money).. why would you live for money on earth when you can create your own empire that all works for a different kind of currency.. and then you just trade products and power with other empires as a way of exchange.. you need weapons and you need tools and you need robots or humans thats it.. you your women or womens and then your robot army that can create everything for you.. its amazing.. then you can have the life of your dreams its epic.. me and 60 of my favourite earth women living out our fantasy that became our reality because we worked hard enough to create it.. its amazing being a king having 60 queens
Rocket labs is in my opinion the only competition to SpaceX. This company is going to make him a lot of money! It would be good investment to buy into Rocket Labs stock!
Great guy, stock is rubbish at the mo, but this guy is the real deal.
Its the best up and coming space company. 20 bagger
I know why media likes to compare Spacex, Blue and Rocket Lab but why is Peter saying his competition is Musk and Besos?
Rocket Lab's current products are small launcher and space tugs with medium launcher as future developments. Spacex is currently bossing medium and heavy launch market while aiming for super lift capabilities with Starship. Blue's only available product right now is sub-orbital tourism and aiming for heavy launch capabilities. These companies are NOT in the same league.
With 682 payloads, SpaceX Transporter and Bandwagon dominates the small payload market with unbeatable rates of $5500/kg.
I hear you. Not competition as in 'space markets', but in how he makes a Rocket Company. Jeff and Elon have lot's of finance from their other business's, that they can use (if they choose to) in their Rocket Company. Peter only has investors. So in terms of making rocket's, Peter is in competition with Blue Origin and SpaceX. I think that is what he meant. Cause Rocket Lab is a 'baby' compared to the most powerful rocket in the world.
I notice Peter didn't mention his desires re Venus ! I think that is wise so as to not frighten the investors (me) as sharemarket investors have been described by an ex prime Minster of New Zealand (David Lange) as demented reef fish !
But disappointing for me anyway to not follow a Rocket Lab adventure to Venus .
She sure has a great figure she really must work out id like her to show her workout routine
actually india landed on the moon well under budget of any other country. so i would watch out for them
Anyone else notice the Doom soundtrack? lol
Noice. Sensible bloke our Becks...
oh dear
woooo!!!! Peter Beck!!!! also prolly going to eat that hat again on Mars foot print!!!!
Rocket Lab’s CEO Peter Beck, explains why he’s going back on his word not to chase the medium- to heavy-lift rocket market. He doesn’t use these words, but isn’t it known that Rocket Lab is losing customers to the growing small-lift rocket companies? The question that wasn’t asked is if Rocket Lab will ever venture into the heavy lift market. I highly doubt it, because I don’t believe there will ever be enough customers who need a fairing size larger than 5 meters of the space tug.
RKLB is an end to end space system like SOFI online end to end financial system. RKLB having its own rocket is like SOFI having its own bank.
Too all editors of rocket video, please do not do this dynamic slow-mo thing right after liftoff, it makes every space fan have a heart attack 🤣
I am going to name my kids Peter Beck
Asteroid mining is amazing bro.. an your wanting to be dictaitors about it to control the price of products on earth.. if there was infinite gold then it would be worthless if you could mine it in space..
Peter…how about leaving a robot foot on Mars!
How many satellites can we put in space before we can't even go to space and beyond without dodging them
That’s not a real concern.
If starship works, and there's no physics to say it won't. 200 metric tons for 10 million to ???, it changes the game and depending on pricing will make all other rocket companies obsolete. But he likes competetion so he won't price them out. Even if it was 1 billion, you get 50% more payload for 25% the price of sls. I'm a neutron fan, but he needs to hurry before starship begins flying regularly. All the new start ups are trying to reach where space x was in 2015.
"If starship works,.." well, it doesn't. Chances of it ever working are very slim too.
You realize they have 4 starships and 3 boosters ready to go to the launch pad right now. You can see them in boca Chica today. They can produce one per month, several once the star factory is up and running. So starship will work. It is a matter of time and that time is near.
@@Smiles10130 Yep, been hearing that for 10 years now. You know, how Lunar program in 10 years went from WWII ballistic missile to landing men on Moon and bringing back, while discovering and inventing everything for the first time ? Well Musk spent 10 years on fancy CGIs of Mars colonies, and painfully reinventing things known for decades, like water deluge systems , and still has nothing to show for it. They have nothing, just big stainless steel dildo, and two giant handles to jerk it off to explosion. If you haven't realized what starship is about despite such obvious visual cue, I don't think anything else can help you.
I don't want to just trash talk Musk (since everyone does it and it's just boring at this point.)
But damn, Peter Beck is so much more likeable. He's honest, open and seems a lot easier to engage with.
No one trash talks Musk better than Musk himself
Space x made us an offer.
Why dont you create your own telecommunications network throughout the globe and be a master of it.. just like elon did.. why dont you do that too.. and create a new network.. create your own empire why dont you want to rule as much of this place as possible then bounce off an create comm sats in other areas of the galaxy.. an create other civilisations that you can control an rule over.. DONT YOU WANT TO BE A KING? THATS PRETTY UN-AMBIOUS BRO
Great to get an update, but completely left out China's entry into all things space. It's almost impossible to compete (in everything) as they have more trained engineers at a cheaper price. Even innovative ideas are quickly absorbed into their endeavours.
You can't fight ideologies with bombs and missiles, hopefully China's leadership and the rest of Capitalism will see the benefit to all through working and living together in peace and co-operation rather than domination (in all its forms) leading to futile wars and suffering. Learn the lessons from history.
How is Jeff Bezos even a competitor?
Thats what i want 5 billion dollars for is to deploy transformer lego like pieces similar to a jigsaw puzzle that can transform an go together to create a space station that can then house an build ships for mining and resource gathering like a star ship the closer to the sun the more energy it can obsorb and use for fuel to power its smaller vehicles to reach other places.. all you need is electricity to travel in space at speeds not known on earth.. its a different propulsion system.. an we need to create our own communities and breeding programmes to create something similar to a country but in space.. its a space nation.. infinite resources.. an unlimited education.. creating our own communication networks our own internet so we are independant from the slavery of what we know as earth.. all these people trying to limit us an stop is from evolving by giving off fake and false information..
It's sad to think once it's up and running he'll move it all to the USA and shut it's operation in NZ...see if im not right!!.❤️🇳🇿
There are 'horses for courses' as the saying goes. Mahia LZ1 & LZ2 are in a unique location and there will always be a satellite business that can use that geographical position. The Florida coast is getting crowded and that interferes with launch dates and launch windows. Peter Beck picked that exact location, free from busy airports, shipping lanes, isolated from high density populations. For those very reasons, I don't think you are right. And once they find and fix the cause of the last Second Engine Start failure, the launch's are going to ramp up. Kiwi David 🇳🇿
You have limited the market of this by keeping it to earth.. you need to sell your products and services to other planets
Oh come on, he went public to get cash, not to ensure multigenerationality. Space business is just not a good business yet, there's nothing wrong with saying that.
This girl looks beautiful
Nope. That is a liquidation. I bet they file for bankruptcy next, lol.
Too much talking about this space co. Not surprising it's called "Lab co."
Peter is the antithesis of Musk's ego, childishness, and crazy
One of the breast interviews I've seen.
Good interview!