Elon Musk Exposing NASA - Why Entrepreneurs Do It Better, Cheaper & Faster
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Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 3 October 2022
⏱️ 5 minutes
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Summary
In today's video, Patrick Bet-David discusses the power of capitalism and why private enterprise is far better than government agencies.
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Transcript
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| 0:00.0 | Let's just say you're an investor, you got a billion dollars, you want to fly a rocket into space |
| 0:03.7 | and you're wondering who to give the money to that can do a cheaper, faster, better, more efficient, |
| 0:08.6 | you got Elon Musk, SpaceX, and you got NASA, the U.S. government taxes. Who would you rather give |
| 0:15.0 | your billion dollars to wait till you see some of these statistics I'm going to give you on who |
| 0:19.1 | did a cheaper, better, faster, would weigh less money on how this goes. And by the way, |
| 0:23.2 | if you get value out of this video, give it a thumbs up and subscribe to the channel and |
| 0:26.0 | stay to the end because I got another video I want you to watch. So now, SpaceX versus NASA, |
| 0:30.8 | who wins? Let me give you some data. When it comes down to SpaceX, when you hear the word Falcon, |
| 0:36.3 | that's SpaceX. So Falcon 1, Falcon 9, that's SpaceX. They were looking at how much it would cost |
| 0:41.3 | to fly a rocket into space. Well, if you gave that money to SpaceX, it would only take 300 million |
| 0:47.6 | dollars to fly Falcon 9 into space. Now, NASA was asked how much would it cost you if we wanted to |
| 0:55.2 | do the same thing to fly Falcon into space. You know what NASA said? And estimated. You're ready |
| 1:00.4 | for this number? Not 300, because that's what Elon's is with Falcon 9. Not a half a billion, |
| 1:05.9 | not a billion. They said anywhere between 1.7 billion to 4 billion dollars. Wait, how can Elon |
| 1:14.4 | do it for 300? And you need 1.7 to 4 billion to get it done. It's kind of like saying the following. |
| 1:20.8 | You got to hire somebody, say, listen, guys, I need you to move some of this stuff here from |
| 1:24.3 | this building to my house because I'm moving. I'm moving from one apartment to another apartment, |
| 1:28.0 | right? You go hire some local employees, running a small business that's a moving business, |
| 1:33.3 | and say, how much will it take you to move this load? And they tell you, oh, we'll give you an |
| 1:36.6 | estimate. How much? It'll cost us about $5,000 to move all this five bedroom, this big house, |
| 1:41.6 | $5,000. $5,000? Yes. Then you go to another place that's run by the government to give you the |
| 1:47.0 | exact comparison so you know how this thing works. You ask them, same amount of people, everything's |
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