Scott Nolan

Let's put those into satellites and use them.

And so satellite costs came way down and satellites got much smaller.

But there was still this step of launch.

Launch was still bottlenecked, still super expensive.

And so SpaceX's whole thing was, let's bring down the cost of launch.

Let's restore US capability.

At the time, 2002, that SpaceX got started, that was really the focus.

And then this became really urgent with the loss of the space shuttle and the grounding of the space shuttle by the mid-2000s.

And so it was really clear, hey, we need this capability if we want to have a future in space.

So that SpaceX experience is really analogous to what I saw a couple of years ago in nuclear.

So post-SpaceX did a bunch of other things.

It started at Founders Fund in 2011.

So Founders Fund's a venture capital firm based in San Francisco.

big investor in a bunch of companies, including SpaceX, Palantir, Anduril, Facebook, long list, Airbnb, Spotify,

but most known for some of these incubations of companies that are solving big national security problems like Palantir and Anduril.

And spent over a decade there meeting many different nuclear reactor companies.

And in the last couple of years, you know, nuclear companies and other forms of energy.

So last couple of years was really focused on energy, not even on purpose, just it was where a lot of interesting stuff was happening.

And starting a couple of years ago, the common refrain from every nuclear reactor company was, we don't have a source of fuel.

We need this more enriched fuel, enriched to 20% because we want to make our smaller reactors