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<v Speaker 2>Let's see.

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<v Speaker 1>So in the short term, Mars is really about getting

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<v Speaker 1>the spaceship build.

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<v Speaker 2>We're making good progress on this on.

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<v Speaker 1>The on the ship and the booster.

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<v Speaker 2>Code named b f R. Yeah, what what is this

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<v Speaker 2>tand for? Again, well, it's a bit of it.

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<v Speaker 1>It's like sort of a R in acronym form and.

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<v Speaker 2>But it is very big.

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<v Speaker 1>Yeah, And I gave a presentation on this at the

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<v Speaker 1>International Astionalautical of Congress in Australia last year, and that

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<v Speaker 1>design is evolving rapidly.

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<v Speaker 2>We're actually building.

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<v Speaker 1>That hip, that ship right now. The I think right

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<v Speaker 1>now that like the biggest thing that would be helpful

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<v Speaker 1>is just general support and encouragement and good good will.

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<v Speaker 1>I think once we build it, there will be well

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<v Speaker 1>we'll have a sort of a point of proof something

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<v Speaker 1>that other companies and countries can then go and do.

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<v Speaker 1>Like they currently don't think it's possible, So if we

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<v Speaker 1>show them that it is, then I think they will

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<v Speaker 1>they will up their game and they will build interplanetary

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<v Speaker 1>transport vehicles as well. Now, once once that has been

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<v Speaker 1>built and there is a there's a means of getting

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<v Speaker 1>cargo and people turned from Mars as well as turn

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<v Speaker 1>from the Moon and other places on the Solar system.

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<v Speaker 1>Then I think that's that's really where that there's a permit,

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<v Speaker 1>this amount of entrepreneurial, entrepreneurial resources that are needed because

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<v Speaker 1>you've got to build out the entire base of industry,

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<v Speaker 1>everything that allows human civilization to exist. And it's going

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<v Speaker 1>to be harder, a lot harder in a place like

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<v Speaker 1>Mars or the Moon.

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<v Speaker 2>We're going need to volunteers to be colonists. Do we

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<v Speaker 2>have any colonists volunteers here for more? Actually?

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<v Speaker 1>Not many hands raised by the way. I mean, the

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<v Speaker 1>Moon of Marles often thought of as like is this

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<v Speaker 1>some escape escape hatchable rich people, But it won't.

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<v Speaker 2>Be that at all.

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<v Speaker 1>It's in anyone who put for the early people that

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<v Speaker 1>go to go to Mars, it'll be far more dangerous.

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<v Speaker 1>I mean really, it's it kind of reads like Shackleton's

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<v Speaker 1>ad for Antarctic explorers.

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<v Speaker 2>You know, it's like.

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<v Speaker 1>Difficult, dangerous, good chance you will die. Yeah, excitement for

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<v Speaker 1>those who survive that kind of thing. And I think

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<v Speaker 1>there's not many people who actually want to go in

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<v Speaker 1>the beginning, because all those things I said are true.

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<v Speaker 1>But there will be some who who will for for

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<v Speaker 1>whom the excitement of the frontier and exploration exceeds the

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<v Speaker 1>concern of danger.

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<v Speaker 2>And uh.

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<v Speaker 1>And then we'll start off building the post elementary infrastructure,

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<v Speaker 1>just a base to create propellant, a power station, ah

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<v Speaker 1>blast domes in which to grow crops, all of the

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<v Speaker 1>sort of fundamentals without which you cannot survive. And then

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<v Speaker 1>and then really there's going to be an explosion of

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<v Speaker 1>entrepreneurial opportunity because Mars will need everything from iron founderies

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<v Speaker 1>to pizza joint, two nightclubs. I think Mars should really

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<v Speaker 1>have great bars, the Mars bar.

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<v Speaker 2>Sor right like I would. I love dad jokes, I'm dad,

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<v Speaker 2>what do you think the timeline for this is?

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<v Speaker 1>So I'm feeling pretty optimistic about the timeline, although I'm

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<v Speaker 1>I can be a little sometimes My timelines are a

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<v Speaker 1>little you know, people have told me that my timelines

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<v Speaker 1>historically have been optimistic, and so I'm trying to recalibrate

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<v Speaker 1>to some degree here. But I can tell you what

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<v Speaker 1>what I know currently is the case is that we're

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<v Speaker 1>we are building the first ship, the first Mars or

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<v Speaker 1>or interplanetary ship right now, and I think we'll be

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<v Speaker 1>able to do short flights, short sort of up and

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<v Speaker 1>down flights, probably sometime in the first half of next year.

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<v Speaker 2>And this is this is a very big booster and ship.

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<v Speaker 2>The liftoff thrust.

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<v Speaker 1>Of this would be about twice out of a seven

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<v Speaker 1>and five, So it's a it's capable of doing one

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<v Speaker 1>hundred and fifty metric funds to orbit and be fully reusable,

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<v Speaker 1>so that the expendable payload is round round double that number.

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<v Speaker 2>So what it will.

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<v Speaker 1>What's amazing about the ship, assuming we can make well

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<v Speaker 1>and will and rapid reusability work, is that we can

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<v Speaker 1>reduce the cost module cost per flight dramatically by orders

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<v Speaker 1>of magnitude compared to where it is today. This this,

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<v Speaker 1>this question of reusability is so fundamental to rock Tree.

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<v Speaker 1>It is the it is the fundment, fundamental breakthrough that's need.

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<v Speaker 1>If you consider aircraft, for example, the you can lease

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<v Speaker 1>a seven forty seven and do a return flight from

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<v Speaker 1>bull of Cargo from California to Australia for half a

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<v Speaker 1>million dollars. That's what it costs to lease a seven

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<v Speaker 1>forty seven fully around trip to Australia, which is far.

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<v Speaker 2>To buy a single engine.

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<v Speaker 1>Turboprop plane, a good one would would be about one

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<v Speaker 1>and a half million dollars, and that can't even reach Australia,

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<v Speaker 1>and it's and it's tiny compared to seven forty seven.

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<v Speaker 2>So what that means is like a it.

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<v Speaker 1>Costs less to to take it to use a giant

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<v Speaker 1>plane with a huge cargo for a long trip, then

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<v Speaker 1>that costs way less than buying a small.

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<v Speaker 2>Plane for a short trip.

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<v Speaker 1>In the aircraft world, and the same actually is true

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<v Speaker 1>of rockbry The the the a beer for a flight

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<v Speaker 1>will actually cost less than our Falcon one flight back

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<v Speaker 1>in the day, So that was about a five or

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<v Speaker 1>six million dollar marginal cost per flight. You're confident that

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<v Speaker 1>BFR will be less than that. So that that that's profound,

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<v Speaker 1>and that is what will enable the creation of a

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<v Speaker 1>permanent based on the Moon, any city on Mars. And

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<v Speaker 1>that's the equivalent of like the Union Pacific Railroad, or

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<v Speaker 1>or having ships that cross across the oceans. Until you

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<v Speaker 1>can get there, there's no way for all of the

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<v Speaker 1>entrepreneurial energy too, so you can't you can't do anything,

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<v Speaker 1>there's no way for all the flowers to bloom. Once

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<v Speaker 1>you can get there, the opportunity is immense, and so

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<v Speaker 1>we're going to do our best to get you there,

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<v Speaker 1>and then make sure that there's an environment in which

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<v Speaker 1>entrepreneurs can flourish, and and and then I think it

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<v Speaker 1>will be it'll be amazing, absolutely