Palmer Luckey

But like, for example, I have a project that is a man portable counter UAS system.

Oh, Anduril.

Sorry.

I am Anduril in my perspective.

Yeah, sorry about that.

Anduril has a project building a man-portable counter UAS system.

We really wanted to have that actually fielded right about now, and instead, because of a variety of reasons, look, we're developing basically a thing that goes on a person and it shoots down drones that are trying to attack you.

It's turned out to be a more technically challenging problem than we thought.

Now, in that case, it's not a failure of, you know, like we're not building a factory or we don't want to invest.

It's just it's a harder technical problem than we thought.

I suspect that we're going to continue to run to those.

If you if you only build things with no technical risk, you're not trying hard enough.

I think Anerol will continue to do things that from time to time will turn out to be harder than we thought.

But, you know, I just need to flip more heads than tails.

China has an incredibly strong drone industry.

It is largely a result of state intervention.

It's largely a result of industrial policy, of supply chain investments that the government has made, and even trade deals that China has made around the world to allow for these drones to freely fly out into other marketplaces.

Yeah, China has the best drone industry in the world.

It's not even close.

It's definitely a weakness that the United States has.