Isaiah Taylor

Where would we be if we had continued to let innovators innovate and make these things cheaper as technology does over time?

And that's what I'm really excited about with Valor.

So the first goal is we're gonna get back to energy being, you know, nuclear energy being the cheapest and then we're gonna go further.

It's gonna get cheaper and cheaper and that's gonna be really exciting.

Is that true?

Absolutely.

I mean, this is one of these things where when people talk about cost, they're really only able to look at historical examples and they look at how projects have gone and they total up the costs and they say, well, this is how much it costs.

But as technologists, you have to take a step back and look at things more fundamentally.

And you have to ask, how much should things cost and why?

And there's a way of looking at this that I love.

It's something I believe Elon invented.

It's called the Idiot Index.

Have you heard of this?

No.

So the Idiot Index is a really fun way to look at technology.

Essentially, what you do is you look at the finished cost of a good, right?

So how much does a thing cost on the shelf?

And then you look at the cost of the materials that it's built out of and you divide the finished cost number by the material cost number and you get a factor, right?

So for an example, an iPhone costs, let's say a thousand dollars and it's probably like 200 bucks of material, right?

So divide that and you get a factor of four.