Isaiah Taylor

So that'd be an idiot index of four.

And that's pretty characteristic for like mature projects, mature products, is they generally have idiot indexes anywhere from like two to seven.

A car is probably one of the lower ones.

If you buy a car for 30K, the material cost in that was somewhere around like 10 to 15K.

So it has an idiot index of like two.

So mature technologies end up having an idiot index from two to seven.

The reason it's called an idiot index is because if the number is really high, you're an idiot.

If the number is super, super high, it means that you're doing something wrong.

And the goal of technology is to continue pushing that number lower and lower.

Again, with space as an example, as far as I can tell, when Elon started SpaceX, space in general had an idiot index of about 70.

So 70 is an extraordinarily high number.

What that tells you is the rocket that's standing there was 70 times more than the materials it's made out of in terms of cost.

So you're doing something wrong there.

It shouldn't cost that much.

Nuclear is about 140.

140?

140.

So nuclear is about two times worse than space was before SpaceX.

And it's 10 times to 12 times more than it should be for a mature commercial piece of industrial equipment.

So that tells us that we have an enormous amount of doing things wrong in the system that we need to solve for.