Cameron Gleeson

So it used to cost like $12,000 per kilogram to ship freight into space back when that was dominated by government, government agencies, defense contractors.

But if we look at SpaceX, they've lowered the cost to around about $2,000 to $4,000 a kilogram with their Falcon rockets.

And their next generation rockets are likely to reduce those costs further, even down to as low as $1 to $200 US per kilogram.

And this is the game changer.

This is really what opens up all sorts of new use cases.

Because the first step to building a space industry is actually getting outside the Earth's atmosphere.

Lowering that cost is enabling businesses to be built.

With that sort of breakthrough.

And there's other names that are leading the way in that front.

Rocket Lab is another.

They had 21 successful launches last year.

They are also involved in terms of government contracts, building a satellite network for missile detection.

So there's a number of these sort of emerging rocket companies that are lowering the barriers for others to build on the application layer above that.

Well, I think, I mean, whatever you think of Elon Musk, he's clearly a maverick.

And he challenged in the automotive space with Tesla.

And he sort of had a very specific vision, which is obviously that the humans should be an interplanetary species.

And a step in that vision is really commercializing and bring down the economics of spaceflight.

And, you know, while his long-term goal may be to get to Mars, the next, you know, version of, you know, his rocket platform, which is the Starship rockets, be able to carry between 100 to 150 tons of material into space.

It's really about sort of building on that sort of technology and know-how and doing it in a way which is sort of different to the way, you know, a government would approach these things.

We often talk about Silicon Valley being, you know, move fast, break things.