5 • 4 Ratings
🗓️ 28 January 2025
⏱️ 21 minutes
🧾️ Download transcript
Donald Trump wants manufacturing jobs back in America. That has always been the goal of Hadrian, a factory in California that churns out all types of precision metal parts for aerospace, space and defense companies faster, more efficiently and with fewer people. Now, Hadrian wants to build out a network of cookie-cutter, high-tech machine shops across the country to shake up a giant and fragmented industry.
Maggie McGrath, Senior Editor at Forbes, chats with Chris Power, the CEO and Founder of Hadrian, about why it's crucial for American manufacturing to become a powerhouse again.
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0:00.0 | Hi everyone, I'm Maggie McGrath, senior editor at Forbes. Hadrian founder and CEO Chris |
0:09.3 | Power has raised $180 million to manufacture metal parts at his California factory. Now he's going |
0:18.4 | to build a network that will do this faster, better, and perhaps cheaper. |
0:22.6 | He was also named to the Forbes next billion dollar startup list in 2024. |
0:28.6 | He joins us now to give an update on the business. Chris, thanks so much for being here. |
0:33.6 | Well, thanks for having me. |
0:35.6 | So you made the Forbes' $2024 next billion startup list, which came out in August, so not quite six months ago, but a decent amount of time. |
0:46.3 | Let's start with any changes. What's been going on for you guys since we last spoke in August? |
0:51.3 | Mostly just Explorce It Rough and a lot of new people joining the mission, which is fantastic. |
0:59.0 | So we are over 300 people now bursting at the scenes in LA and rapidly planning out our |
1:07.0 | countrywide expansion for later this year. Rapidly planning countrywide expansion for later was here. |
1:16.3 | Rapidly planning countrywide expansion. So what does that expansion plan look like? |
1:18.8 | What states are you targeting and how many locations? |
1:25.9 | Yeah, so we will be launching a facility that's at least four times the size of the current one in LA in different states. |
1:29.9 | We will publicly announce where that state is going to be at the end of March. |
1:33.6 | We're just walking through the, there, there's a selection process there for the next couple of months. |
1:38.8 | We're really, I've grown so explosively. |
1:41.8 | We're very close to being, we're out of force pace. We're are very close to being we're out of force pace we're |
1:46.3 | definitely very close to being out of revenue capacity which is really exciting I think we are |
1:51.7 | by far the fastest growing manufacturer for both time in the US and yeah we will need to launch |
1:59.6 | two big new factories next year one for a custom project that's |
2:03.4 | highly confidential and one for all of our customers that would be four times the size of what |
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