Transcript
Introduction
Matt
This is Matt Reustle, and today we are breaking down SpaceX. We are always serious about the quality of our Business Breakdowns, but there is especially no room for error when you cover a name like SpaceX. Luke Ward from Baillie Gifford was the perfect match for this episode.
Luke and his team at Baillie Gifford first invested in SpaceX in 2018. As you will hear, they appreciate the science, the business, and everything that goes into running this operation. In this conversation, we covered the story of SpaceX and the scientific magic in what they're doing, but I really wanted to understand the business, and Luke exceeded all my expectations here.
We really focus on the cost curve of launches, separating the manufacturing from the reusability factor, and then we get into how Starlink represents a key component in making the Starship program and the broader economic model work.