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The Times Tech Podcast

AstroForge's Matt Gialich: "We can eradicate mining on earth”

The Times Tech Podcast

Will Morley

Business, Unknown, Technology

4.9654 Ratings

🗓️ 14 July 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

The Sunday Times’ tech correspondent Danny Fortson brings on Matt Gialich, founder of AstroForge, to talk about what he did before attempting asteroid mining (3:40), working at Virgin Orbit (6:00), what he learned at Bird, the struggling scooter company (8:05), jumping to asteroid mining (10:30), the problem with platinum (13:40), targeting metal-rich asteroids (15:40), the first launch (20:45), the space revolution (21:40), raising money (24:20), trying to do a submarine startup before asteroids (27:10), coming from a family of teachers (30:45), the upcoming mission to deep space (32:45), and how the miners have reacted (35:00).

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Transcript

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0:00.0

Yo! Technology. What is it all about?

0:04.3

There's never been that goal of like, oh, if we fail here, I don't have some cushion.

0:09.0

Which to me makes this a lot more fun.

0:11.3

Like, it wouldn't be as fun if you failed to know like, oh, I'd just go live in my parents' million dollar mansion.

0:15.5

Like, that's not as cool.

0:16.5

So it is very much about taking risk and essentially, in a way, it's like a massive poker game where all your chips are on the table at all times.

0:24.7

And like sometimes you're bluffing and sometimes you've got a great hand and you just got to Danny in the Valley,

0:45.1

Weekly Dispatch from behind the scenes and inside the minds of the top people in tech.

0:49.2

I'm your host, Danny Forkinson, the West Coast correspondent for the Sunday Times.

0:53.8

And this week's pod is very much one of those only in Silicon Valley type stories.

1:00.4

So on the pod, we have Matt Gullich.

1:02.5

He is the founder of a startup called AstroForge.

1:07.1

And you might be wondering what would a company called Astroforge be doing?

1:12.1

Well, asteroid mining, of course.

1:15.9

Yes, you heard that right.

1:16.9

So Matt is one of a whole new generation of space entrepreneurs who are riding the wave

1:21.6

unleashed by Elon Musk and others where all of a sudden there are launches into low-worth orbit

1:27.1

practically every day.

1:29.3

Launch costs have plummeted.

1:31.2

And the result is that the way has really been open for a wave of startups, a new generation of

1:37.0

startups to start doing interesting stuff in outer space that you can't really do here on Earth.

1:42.3

And it kind of all of a sudden some of these ideas can start to make sense if they work, which is a big if in most cases.

...

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