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Closing Bell

Manifest Space: Disruption Theory with Relativity Space CEO Tim Ellis 4/21/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 April 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

SpaceX's first test flight of Starship is pointing to a trend manifesting across the industry: bigger rockets. While Starship is a unique case, other companies are developing their own larger vehicles. Relativity Space, a CNBC Disruptor valued at $4.2 billion, is a private player known for 3D printing rockets having successfully flown its Terran 1 rocket for the first – and final – time in March. But now,  the company is moving towards a larger medium to heavy lift rocket meant to complete with larger players in the space. Morgan discusses the pivot with CEO Tim Ellis from the Space Symposium. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Less than a decade ago, SpaceX sued the government to be able to bid on military contracts

0:05.2

claiming a launch monopoly.

0:07.3

It ultimately resulted in a growing book of national security business for SpaceX.

0:12.0

But now, other startups are looking to disrupt the

0:15.4

disrupt. There has to be in the US a second quickly moving disruptive

0:20.3

launch company at the medium to heavy lift payload size and there really isn't like space x is so

0:25.9

dominant that they've done so many launches it's inevitable there has to be a company

0:30.2

to build this capability because space SpaceX otherwise would have a complete

0:34.3

monopoly as far as low-cost you know disruptive launch and and so we really are

0:39.9

working to be that next company.

0:41.7

Relativity space is making a big bet on a bigger rocket.

0:45.0

Retiring its Terran 1 that just flew for the first and now final time, last month.

0:50.0

The NBC Disruptor company, known for its 3D printing technologies, is valued at $4.2 billion

0:56.8

and touts investors like Fidelity, Belly Gifford, and Sam Oldman.

1:01.5

On this episode, I speak with CEO and co-founder Tim Ellis from the

1:04.9

Space Symposium about the push for more power, 3D printing on Mars, and even

1:10.3

generative AI. I'm Morgan Brennan and this is manifest space.

1:15.0

Tim Ellis, thank you so much for sitting down and joining me today.

1:22.0

Appreciate it.

1:23.0

Of course, Morgan, glad to be here.

1:24.0

And of course, we're here at Space Symposium.

1:25.6

It's one of the biggest space conferences of the year.

...

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