>> WELCOME BACK TO CHEDDAR
EVERYONE I'M
KRISTEN SCHOLER SIR RICHARD
BRANSON'S SOARING INTO
HEADLINES WHEN HE ENTERED OUTER
SPACE ABOARD VIRGIN GALACTIC'S
LATEST TEST FLIGHT
ON SUNDAY, NOT ONLY WAS IT A
BIG WIN FOR VIRGIN GALACTIC BUT
IT WAS ALSO IN FROM BRANSON THE
BILLIONAIRE REACHING
SPACE BEFORE FELLOW SPACE
MINING BILLIONAIRE JEFF PHASES
AND JOINING ME NOW IS
NET CO-FOUNDERS THE KEY OWN
GENERAL PARTNER AND THAT
ADVENTURES I JORDAN I I'M SO
PLEASED THAT YOU'RE ABLE TO
JOIN FOR
YOUR TAKE THIS IS BEEN DUBBED
THE UNOFFICIAL START TO SPACE
TOURISM. WHAT SUNDAY'S FLIGHT
TELL YOU ABOUT THAT.
>> SUNDAY WAS VERY EXCITING TO
SEE THE LAUNCH OF BRANSON AND
THE ENTIRE.
>> CREW ABOARD UNITY AND THAT'S
SOMETHING PRICES BACK WHAT
WE'RE DOING IN BED
WHERE WE'RE LOOKING AT WHAT THE
FUTURE OF SPACE EXPLORATION
SPACE TECHNOLOGY LOOKS LIKE NOW
THAT ROCKET COSTS ARE COMING
DOWN POSSIBLY EVEN YOU'RE GOING
TO SPACE THE FLOOR AS IS COMING
DOWN WHAT OTHER SECTORS AND
SPACES
ARE GOING A COUGH NOW BUT THOSE
COSTS ARE UNABLE AND ALL THE
SECTORS AND START BUILDING ON
TOP OF LOW COST A SPRINT.
>> AND VIRGIN
GALACTIC IT'S A PRETTY PENNY
IT'S GOING TO COST YOU THE
EARLY TICKETS, $225,000.
I RICHARD BRANSON SAYING AFTER
THAT SUCCESSFUL FLIGHT THAT HE
WANTS TO BRING THE PRICE DOWN
THOUGH EXPECTED TO STILL
BE PRICEY. PASSENGERS GOING TO
THE EDGE OF SPACE STARTING
NEXT YEAR. WHAT ARE THE OTHER
ANCILLARY BUSINESSES JORDAN TO
YOUR POINT THAT COULD BENEFIT
FROM THAT.
>> IF YOU LOOK BACK. LET'S SAY
20 YEARS AGO WHEN THE SLEW OF
COMPANIES THAT ARE IN THE NEWS
TODAY LIKE BLUE ORIGIN SPACE
VIRGIN GALACTIC THEY ALL
STARTED ABOUT 20 YEARS AGO AS
EARLY 2 THOUSANDS AND NOW 20
YEARS LATER YOU SEE THE FRUITS
OF ALL ABOUT HARD WORK PAYING
OFF WHERE LAUNCH COST HER
SOME AWESOME COMING DOWN, YOU
KNOW THE AREAS THAT I THINK
INVESTORS SHOULD REALLY LOOK AT
IN THE GENERAL PUBLIC SHOULD
LOOK AT AS WELL AS WHAT BILLS
ON TOP OF THAT WE'RE IN 20
YEARS YOU'RE GOING TO SEE THIS
A WHOLE SET OF SECTORS BEING
BUILT ON PABLO COST LAUNCH
WHERE TOURISM WILL BE DRIVING
SATELLITE LAUNCHES WILL
BE THRIVING BUT WHAT HAPPENS
THE THINGS LIKE EXTRACTING
RESOURCES FROM
A TRANCE 40 PEOPLE TO THE MOON
EXPLORING THE MOON GENERATING
POWER IN SPACE
PROPS RELYING ON THINGS LIKE
THE PHYSICS THAT HAPPENED 0
GRAVITY TO DO THINGS LIKE NOVEL
DRUG DISCOVERY OR NOVEL
MANUFACTURING PROCESSES THAT
CAN BE DONE ON EARTH TODAY.
THERE'S A HUGE NUMBER OF
SECTORS THAT ARE JUST
STARTING TO.
>> POP-UP THAT ARE BUILT ON TOP
OF ALL OF THOSE ADVANCEMENTS
FOR SEEING THAT.
>> SO YOU'RE A
VC INVESTOR VIRGIN GALACTIC
SHARES DOWN 15% TODAY, EVEN
THOUGH IT IS A PUBLICLY TRADED
COMPANY AS OF LA JUST SHY OF 2
YEARS REALLY WENT PUBLIC IN
OCTOBER OF 2019 STILL VERY MUCH
A STARTUP IN THE SENSE THAT
THIS WAS A TEST FLIGHT THEY
RICHARD
BRANSON DEAD AND WE HEARD FROM
THE EXECUTIVE AT THE COMPANY
BEFOREHAND THEY WERE HOPING FOR
THE BEST BUT
PREPARING FOR THE WORST WHICH I
THINK DOES GO TO SHOW YOU IN
SOME WAYS IT STILL IS A STARTUP
IT'S BECOME A FAVORITE OF THE
MEAN STOCK TRADERS AT TIMES I
JUMPED FAR COLIN JUMPED AGAIN
FALLEN AGAIN IS THIS IS
STACKING YOU WOULD BE INVESTING
IN.
>> THE SAME GENERAL THE SPACE
INDUSTRY IS VERY DIFFICULT
TO NAVIGATE ON ON TECHNOLOGY ON
DIFFERENTIATORS ON YOU KNOW
WHAT LEADS
TO SUCCESS. AND THE VALUATIONS
OF THESE COMPANIES IN THE
MARKET SIZE AND TYPE OF THAT
IT'S A VERY GOOD WELL NOT AREA
TO NAVIGATE AND PROTECT AND I'M
CURIOUS TO SEE WHAT HAPPENS AS
YOU KNOW NOT ONLY FORTUNE.
SO I THINK
IT'S INSIDE FULL OF THE WHOLE
SLEW OF SPACE COMPANIES THAT
HAVE GONE PUBLIC THIS YEAR THAT
ARE GOING PUBLIC RIGHT NOW
AND AS THEY ENTER THE PUBLIC
MARKETS TO SEE WHAT HAPPENS YOU
KNOW FORGING BLACK IT WAS
THE FIRST OF THESE COMMERCIAL
LAUNCH STARTUPS TO GO PUBLIC.
THERE'S MORE GOING PUBLIC AS WE
SPEAK WITHIN THE LAST COUPLE
WEEKS IF THE REST OF THE YEAR
AND THAT'S SOMETHING I WOULD
JUST TELL ON WHAT HAPPENS TO
THOSE STOCKS.
>> ARE YOU AN INVESTOR AS THE
GENERAL PARTNER AT IMBEDDED
VENTURES INVESTED AND IN ANY OF
THE SPACE COMPANY
BLUE ORIGIN. WOULD BE ANOTHER
ONE SPACE X TO BE ANOTHER ONE
OR ANY OF THE PERIPHERY
BUSINESSES.
>> RIGHT NOW WE'RE LOOKING AT
THE MAJORITY OF OUR INVESTMENTS
WE'RE LOOKING AT WHAT SECTORS
ARE BUILT ON TOP
OF LA. WE REALLY THINK THAT
EXAMPLE I WAS GIVING EARLIER
THAT THESE COMPANIES ARE ABOUT
20 YEARS OLD NOW THAT 20 YEARS
AGO PEOPLE
WERE SAYING THIS PARTIAL SPACE
LAUNCH SPACE TOURISM WERE AN
INVESTABLE AREA SOME ARE VERY
FEW PEOPLE THAT BELIEVE THERE
COULD BE MARSHALL SUCCESS IN
THIS SECTOR AND WHAT WE'RE
LOOKING FOR COMPANIES THAT
OTHER PEOPLE TODAY ARE SAYING
AN INVESTABLE THAT WON'T EVER
IT'S THIS THAT DON'T EXIST
TODAY AND THEN WE WANT TO SEE
THE SIZE OF 4 AND BLACK TO THE
SIDE AND SPACE
X INSIDE WORKING IN 20 SO NO AS
FAR AS AN INVESTMENT SIDE
WE'RE LOOKING AT YOU KNOW WHAT
A FURTHER RISE AND THAT IS WHAT
HAPPENS NEXT AS THESE COMPANIES
ARE REALLY STARTING TO TAKE OFF
AND PRIVATE WE'RE LOOKING FOR
EARLY STAGE FROM
LOCAL OPPORTUNITIES.
>> NOW THIS IS A PERFECT FULL
SCREEN AND I WAS ACTUALLY
LOOKING UP ON MY COMPUTER AT
BEFORE ARE AMAZING PRODUCERS
PULLED UP THESE ARE THE
DIFFERENCES BETWEEN
BLUE ORIGIN AND VIRGIN GALACTIC
SO BLUE ORIGIN IS GOING TO FLY
20 ADDITIONAL KILOMETERS A 100
KILOMETERS. FARTHER THAN WHAT
WE SAW FROM VIRGIN GALACTIC
IT'S A ROCKET NOT A SPACE
PLANE. A LARGE WINDOWS WITH AN
ESCAPE MECHANISM AND 15 SAY
FLIGHTS VS WHAT WERE 3 SAY
FLIGHTS AFTER VIRGIN GALACTIC
BEFORE THEY DECIDED TO LAUNCH
THEIR FOUNDER AND BILLIONAIRE
RICHARD BRANSON TO THE EDGE OF
SPACE. WHAT WE KNOW FROM
SUNDAY'S
SUCCESSFUL LAUNCH. WHAT ARE YOU
EXPECTING NOW FROM BASES LAUNCH
IN WELL 10 DAYS
FROM NOW.
>> IT YEAH, IT'S COMING SOON
AND I'M EXPECTING BOTH TO BE A
VERY LARGE INSPIRATION FOR THE
SPACE INDUSTRY AND SHOWING THIS
IS A SUCCESS IT CAN
HAPPEN AFTER.
>> YOU KNOW, LOTS OF HARD WORK
FROM LOTS OF PEOPLE.
>> AND FACE THE CONTINUUM
THERE'S MULTIPLE WAYS TO TO
EXPLORE MULTIPLE WAYS TO
BE TRANCE PUT IT UP THERE AND I
THINK THIS IS JUST A GREAT
EXAMPLE BETWEEN THE 2 VEHICLES
THAT BOTH COMPANIES HAVE
DEVELOPED OF THE VARIETY OF
APPROACHES THAT WORK FOR
ACCESS THINGS, THANKS AND I
HOPE THAT BOTH OPPORTUNITIES
INSPIRE NEXT GENERATION
COMPANIES TO BE
STOOD UP THE FURTHER
DEVELOPMENT AND ADVANCEMENT OF
SPACE TECHNOLOGY AND
EXPLORATION.
>> SO I THINK A LOT OF VIEWERS
WATCHING US WOULD WANT TO KNOW
JORDAN IT FROM A COST
PERSPECTIVE ALONE WHEN YOU
THINK IT
WILL BE HOW PUBL A REALITY FOR
THE AVERAGE JOE POTENTIALLY TO
GET LAUNCHED INTO SPACE.
>> WE'VE SEEN EVEN OVER THE
LAST COUPLE DECADES LAUNCH
COSTS COME DOWN, YOU KNOW MORE
THAN AN ORDER
OF MAGNITUDE. SO IF WE'RE
TALKING ABOUT THE COST FOR
VIRGIN GALACTIC IN A COUPLE
$100,000. YOU KNOW TODAY.
LET'S SAY IN A
DECADE THAT COMES DOWN ANOTHER
ORDER OF MAGNITUDE AND THEN
FURTHER YOU'RE STARTING TO
APPROACH YOU KNOW THE HIGH END
OF AIRLINE TICKETS. SO I THINK
THAT ACCESSIBILITY IS COMING
VERY MUCH WITHIN OUR LIFETIMES
IF NOT WITHIN THE NEXT DECADE.