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Daily Archives: October 24, 2021
Critics and supporters come out in force to discuss SpaceXs plans to launch from South Texas – The Verge
Posted: October 24, 2021 at 11:58 am
This week, a vibrant mixture of supporters and critics voiced their opinions about SpaceXs launch operations in Boca Chica, Texas during virtual town halls input that will be considered as the government decides the companys future in the state. More than one hundred people took the time to give their thoughts during the meetings on Monday and Wednesday, with opinions ranging from effusive praise of the company to concerns over SpaceXs impact on the regions communities and environment.
The lengthy town halls were hosted by the Federal Aviation Administration, which is currently evaluating whether to give SpaceX a license to launch the companys massive new Starship rocket out of Boca Chica. SpaceX has been building and testing Starship prototypes at its launch facility in Boca Chica for the last four years now, but the company wants permission to launch the vehicle into orbit from the area. Such operations require a license from the FAA in order to ensure that orbital launches wont harm nearby people or property.
As part of the licensing process, the FAA conducted an environmental review to assess what kind of effects SpaceXs launches will have on the area. The agency released its findings in what is known as a Draft Programmatic Environmental Assessment, or PEA, in September. That release sparked the beginning of a comment period that has been extended until November 1st, where members of the public can give their thoughts on the PEA and bring up any possible issues the FAA might have missed. While the FAA accepts comments in writing, the agency also hosted the town halls this week so that people could give their opinions orally.
SpaceX fans attended the meetings to show their support for the companys efforts. A common theme among the supporters was that while they did not live in Texas or near Boca Chica, they wished to see SpaceX continue working and launching from the area.
I dont live near Texas, I have no stake in this currently, one commenter said. But I would just like to say that SpaceX is doing an amazing job in Texas, and that I would like to see this process move a bit faster.
Im a Georgia resident not representing any organization or special interest group, another commenter said. Im speaking on behalf of my personal capacity as an enthusiastic supporter of SpaceX and a supporter of the human enterprise to push mankinds boundary beyond Earth.
Some fans of the company argued that SpaceX is bringing jobs and economic growth to Brownsville, the city next to Boca Chica, but most talked about being inspired by the company and their belief that Starship work must continue so that humanity can become a multi-planet species a common term used by SpaceX CEO Elon Musk. SpaceXs Starship system has yet to carry passengers or reach orbit, but the company hopes to fly people on the vehicle to Mars someday. SpaceX also holds a contract with NASA to develop Starship as a lunar lander that can take astronauts to the surface of the Moon.
Some who identified as residents in the area also expressed support. I love you, SpaceX and I love you, Elon Musk, too, one person who recently moved to the area said during her statement. Another woman living in the area noted that she slowly but surely have watched a rocket rise from the dunes of the beach and its been an honor and a privilege to be able to see something magical created out of this world.
However, plenty of nearby residents were adamantly opposed to SpaceXs plans. Common complaints revolved around access to the nearby beach. Roads are frequently closed in Boca Chica to accommodate major testing and test launches. Theyre not considering us, a resident said. My personal experience having to want to go to the beach and the road is always closed, where they have promised that we will not be affected.
Others denounced the debris that has fallen on the ground during major test failures. One test launch in March ended in an explosion that sprayed chunks of metal and rocket parts across the terrain surrounding the Boca Chica launch site. Apart from that, noise and rumblings from successful launch tests were also a big point of contention.
With these smaller rockets, I dont know how you can say that the noise is in any way acceptable or that the vibrations are in any way acceptable, one resident argued. My house shakes with little rockets, and it sounds like the rocket is coming right over my head. And when they lose these heavy rockets, youre already seeing cracks and certain seismic issues having to do in South Padre Island.
Supporters had their own interpretations of the intense noise. Regarding the sonic booms and the noises caused by SpaceX operations, they should be met with a consideration that the shaking of your chest is a positive thing, as SpaceXs operations not only inspire hope in so many across this nation and the world [but are] propelling humanity on a course of togetherness and prosperity, one supporter said.
Critics representing environmental groups joined the calls to express concerns about SpaceX construction and operations harming the surrounding wetlands and endangered species, including birds called plovers that nest in the area. Others also worried about the vague nature of SpaceXs plans to build a natural gas plant in the area to provide methane for the rockets; without details, they say the impacts of a plant are difficult to assess. In response, supporters argued that Cape Canaveral, Florida home of the USs busiest spaceport also operates near a wildlife preserve.
A lot of critics demanded that the FAA conduct a second environmental impact statement, or EIS, which the agency already did for SpaceXs Boca Chica site in 2014. However, the FAA conducted that review when SpaceX originally planned to fly its smaller Falcon 9 and Falcon Heavy rockets from the area, with up to 12 planned commercial launches a year. Starship is substantially bigger than SpaceXs other rockets and still has years of development ahead. The FAA says the company plans to fly Starship up to 20 times a year during flight tests in the early years of development.
The FAA says it will weigh all comments equally, including the ones submitted in writing. After evaluating all of the feedback, the FAA will respond and incorporate them before publishing a final PEA sometime after the comment period closes on November 1st. The agency could release a finding of no significant impact, or FONSI, for SpaceXs launch site, before continuing on with the launch licensing process. Or the FAA could decide to conduct another EIS, a choice that would certainly prolong SpaceXs plans to conduct an orbital launch from Boca Chica as soon as possible.
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SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds – CNBC
Posted: at 11:58 am
Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test.
SpaceX
Between Elon Musk's two largest companies, investors and experts have a long-term favorite.
Most "institutional investors and industry experts" surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it as a more attractive investment.
"The majority of our clients (by survey and client discussions) believe SpaceX could ultimately command a higher valuation and significance than even Tesla," Morgan Stanley analyst Adam Jonas wrote in a note Tuesday.
Tesla has a market value of $858 billion. SpaceX reached a valuation of $100.3 billion after a secondary share sale, CNBC reported earlier this month.
Morgan Stanley issued the survey about Musk's companies with two questions: "Which do you think is a more attractive investment from here?" and "Which do you think has the potential to be a more valuable company over the long term?"
Out of 32 responses, 63% of those Morgan Stanley surveyed answered SpaceX to both questions.
"From our investor conversations, the sentiment on SpaceX has increased substantially along with the company's valuation in the private market," Jonas said.
Jonas said that "investors are beginning to appreciate the potentially wide-ranging use-cases for SpaceX's reusable launch architecture across communications, transportation, earth observation and other space-related domains."
SpaceX is "clearly seen" as the "Apex Player" in the global space industry, Jonas said. The sentiment shows in its soaring valuation, which makes it the second-most valuable private company in the world, according to CB Insights.
The company's valuation has spiked in the last few years as SpaceX has raised billions to fund work on two capital-intensive projects: Starship and Starlink.
Starlink isthe company's planto build an interconnected internet networkwith thousands of satellites,known in the space industry as a constellation. The project is designed to deliver high-speed internet to consumers anywhere on the planet.
SpaceX has launched 1,740 Starlink satellites to date. The networkhas more than 100,000 users in 14 countrieswho are participating in a public beta. Service is priced at $99 a month.
Starship is the massive, next-generation rocketSpaceX is developing to launch cargo and people on missions to the moon and Mars. The company is testing prototypes at a facility in southern Texas and has flown multiple short test flights.
Reaching orbit is the next step in testing the rocket. SpaceX is awaiting regulatory approval for its next launch.
"In our view, having access to nearly unlimited sources of capital will be an extremely important part of the narrative around building the space economy," Jonas added.
Morgan Stanley, in a separate note Monday, also said that "more than one client" has suggested that Musk may become the first trillionaire, because of SpaceX.
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SpaceX reservation window closes for Space Adventures – SlashGear
Posted: at 11:58 am
Multiple private space companies want to operate commercial businesses taking tourists into space. One of those companies is called Space Adventures, and it planned to launch a mission sometime between late-2021 and mid-2022. Space Adventures had a reservation with SpaceX using Crew Dragon for its tourist mission.
However, Space Adventures has announced that it has canceled plans to fly tourists on a high-altitude Crew Dragon mission. Space Adventures says it has canceled its plans with SpaceX because its reservation expired, and the mission will be unable to launch in the near future. However, Space Adventures hasnt ruled out the possibility of going back to SpaceX for a launch date at a later time.
The planned mission would have put four crew members into an orbit above the Earth at an altitude twice as high as the ISS. Once at altitude, the civilian crew would spend five days orbiting the Earth. The company did confirm that the mission had been marketed to a large number of prospective customers.
While the expired reservation with SpaceX is mainly to blame, a company spokesperson says it was a mix of price, timing, and the experience not being right for the time and contract it had in place with SpaceX. One thing that remains a mystery for most private space missions is exactly how much they cost.
Space Adventures may not be a name most people recognize, but its already taken visitors to the ISS as far back as 2001. Previously, the company would buy up unused seats on Soyuz missions launching from Russia. The last private astronaut company flew to the ISS in 2009.
However, Space Adventures has a dedicated mission, Soyuz MS-20, set to launch on December 8. That mission will take three passengers, including a Japanese billionaire, his assistant, and a professional astronaut, to the ISS to spend 12 days on the station before returning home in the same spacecraft.
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How SpaceX will blast the first space factory into orbit – Malay Mail
Posted: at 11:58 am
The SpaceX Falcon 9 rocket is scheduled to carry the first industrial factory into space. AFP pic
TORRANCE (US), Oct 23 A space research company called Varda Space wants to become the first to build a manufacturing facility in space.
The firm is set to partner with SpaceX to accomplish this unlikely challenge, with the goal of producing materials using low gravity. The first launch is expected to take place in early 2023.
An industrial factory in space? Varda Spaces project may seem far-fetched after all, theres no shortage of room on Earth to build factories but the concept could well serve industries here on Earth.
Vardas aim would be to use microgravity to manufacture new materials or to further the research of the International Space Station on certain specific products.
According to TechCrunch, this kind of in-space facility could, for example, manufacture bio-printed organs or specialist semiconductors, even if, for the moment, nothing has been officially revealed by the firm, since no client contracts have yet been signed.
In order to make the trip to space, Varda Space needs to find partners to help make the journey to a low Earth orbit. And thats where SpaceX comes in. SpaceX offers companies that want to send objects into space the opportunity to use one of its scheduled launches to do so.
Basically, the two companies make the trip to space together. Once they arrive at their destination, they are free to go their separate ways almost like a kind of space carpooling in fact, although a little different from your regular downtown commute.
Varda Space has announced that it hopes to transport its factory on a Falcon 9 rocket, owned by SpaceX, scheduled for launch at the beginning of 2023. SpaceXs new rockets will carry the supplies needed to get the factory into space.
While the companies have not disclosed any terms of their agreement, it is known that the craft will spend about three months in orbit testing these new manufacturing technologies.
Critical landing
Another option for launching was nevertheless studied, in the form of Rocket Lab Electron rockets. But Varda Space did not want to put all its eggs in the same basket, since the New Zealand firm is already responsible for making the spacecraft that will accommodate its supplies, as well as the re-entry capsule for their return to Earth.
This capsule is extremely important since re-entry into the Earths atmosphere happens at Mach 28, and the materials must not break during the landing.
In reality, the most complex moment, from the manufacture to the recovery, remains this re-entry in the atmosphere.
Indeed, Mach 28 is equivalent to 28 times the speed of sound (1,224 km/h). Remember those science-fiction movies where you see a capsule return to Earth? Now, imagine transporting sensitive materials in this environment filled with uncertainty, and while encountering a multitude of external impacts. This will undoubtedly be one of the critical moments of the mission.
Unlike other spacecraft specialised in communication or imaging, Varda Space and its space factory do not require a specific orbit for their mission. Indeed, the facility only needs to be able to remain in a low Earth orbit. The lessons learned from this first flight will be used for subsequent flights.
Varda Space hopes to be able to launch a second or even a third mission by the end of 2024.
But this date is still relatively far off, which leaves the opportunity for other projects to arise. The European Union, for example, is working in the field with the PERIOD project, which aims to develop an orbital factory.
It will focus on the assembly and manufacture of satellites directly from space, in partnership with Airbus.
In any case, these ambitious projects give us a glimpse of some of the new perspectives for industrialists and entrepreneurs from all horizons. ETX Studio
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SpaceX to double its $100bn valuation if satellite internet takes off – Capital.com
Posted: at 11:58 am
Elon Musks SpaceX could double its current $100bn (72.69bn)valuation in the coming years as it prepares to launch a first-of-its-kind satellite internet business called Starlink that would turn the company into a space telecom.
Reports recently valued SpaceX at $100bn and analysts at Morgan Stanley see Starlink as its biggest revenue driver as SpaceX is expected to bring the programme out of beta later this month and begin a nationwide rollout.
SpaceX has already launched 1,700 low earth orbit satellites to date that are intended to connect rural consumers to broadband internet speeds without the costof running cables and building towers in more remote areas.
It is clear to investors and industry observers that SpaceXs launch cost advantages are being used to accelerate deployment of its low Earth orbit broadband network, Morgan Stanley analysts wrote in a report reviewed by Capital.com. As the company achieves pole position in low Earth orbit, which many believe is a winner take most (if not winner take all) arena due to a host of technological and physical factors, the promise of a viable and capable satellite broadband service increases.
Until now, the more visible part of SpaceXhas beenconducting launches for NASA and more recently, low earth orbit flights for private citizens.
Yet, the launch business would only make up 12% of the companys equity value in Morgan Stanleys base case scenario or 25% of the equity value if the company reaches the bullish case of a $200bn valuation.
Yet, both businesses will have to work together to unlock the most value. SpaceX intends to launch 42,000 satelites by 2033, which will require the companys new Starship spacecraft to help deploy 400 satellites per launch.
We view SpaceXs launch capabilities and Starlink as inextricably linked whereby improvements in launch capacity/bandwidth (both in frequency and payload per flight) and cost of launch improve the economics and path to scale of Starlinks low Earth orbit constellation, Morgan Stanley analysts explained. At the same time, development of Starlinks commercial opportunity provides a thriving captive customer for the launch business, enabling a symbiotic development.
SpaceX does have competitors, but they are so far behind by comparison that it has Morgan Stanley questioning if anyone can catch up.
Starlink is finishing up a year-long beta test that is already serving more than 100,000 customers in 20 countries. The programme delivers speeds of 50-150 megabits per second starting at $99 per month with a $500 one-time payment for the terminal equipment which is a miniature dish device that is set up on the property.
That cost is still relatively high even though SpaceX is heavily subsidising the cost of the equipment, which at one point cost more than $2,000 and has come down to around $1,300 with further reductions expected. SpaceX reportedly wants to bring the entry fee down to $250.
The company is already producing 5,000 terminals per week with goals of producing multiples of that once a new Austin, Texas factory goesonline.
Of the four competitors in this emerging sector, only startup OneWeb has started to deploy satellites.
OneWeb emerged from bankruptcy late last year with new financial backing from Indian conglomerate Bharti Global and the UK government and has since deployed more than 40% of its planned 648 satellites. The company is targeting global coverage by June 2022.
Canada-based Telesat Lightspeed said it expects to begin commercial service in the second half of 2023 with consumer programs available in 2024.
Amazon is also heavily investing in this space through its Kuiper programme, which plans to launch 3,236 satellites via a $10bn financial injection from the tech giant. Amazon also showcased a low-cost terminal, acquired Facebooks satellite team, attained FCC approvals and signed a launch agreement with United Launch Alliance.
However, Amazon has no plans to begin launches until at least 2023 and set a goal of bringing the first half of its constellation online by July 2026.
The market is potentially massive and would do a lot of good to connect more consumers to the advantages of high-speed internet.
By the end of 2019, 14.5 million Americans still have no access to broadband Internet speeds (defined as 25/3 Mbps), according to the 2021 Federal Communications Commission Broadband Deployment Report.
Unesco reported in 2019 that 45% of the worlds population does not have access to broadband Internet speeds.
Morgan Stanley expects Starlink to operate at a loss, burning $33bn of cash through 2030 until it turns cash flow positive in 2031 and ramps up to a business that generates $30bn of free cash flow a year by 2040.
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Citizen Astronauts from Blue Origin, SpaceX, and Virgin Galactic Commercial Space Missions to Appear Together at 2021 ASCEND in Las Vegas -…
Posted: at 11:58 am
RESTON, Va., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Astronauts from the three different commercial space experiences that occurred in 2021 will appear on stage together in Las Vegas on Monday, 15 November, during 2021 ASCEND. ASCEND is the interdisciplinary community focused on building humanitys off-world future faster, powered by AIAA. Confirmed speakers include:
The exclusive gathering of these citizen astronauts to share firsthand accounts of their missions epitomizes the ASCEND spirit of community and global partnership. They will discuss the impact of their missions, as well as their experiences during training, flight, and post-launch. The speakers will appear in person in the following 2021 ASCEND sessions:
Opening Keynote Speakers: Jared Isaacman, Sian ProctorMonday, 15 November, 07300900 hrs PT
Lunch Plenary Session: Citizen Astronauts Moderator: Kari Byron, Producer and Television Personality,Mythbusters,White Rabbit Project; Host,Crash Test WorldSpeakers: Sirisha Bandla, Glen de Vries, Jared Isaacman, Sian ProctorMonday, 15 November, 11451245 hrs PT
2021 ASCEND is set for 810 and 1517 November, showcasing a hybrid blend of in-person programming in Las Vegas (Caesars Forum) and Washington, D.C., and online programming on all six days.
The Public is Invited to Attend 2021 ASCENDASCEND is an event open to everyone who loves space. The public is invited to register now at the best rates. The full agenda and confirmed speakers are available at ascend.events.
Registration for in-person attendance is limited and only open until 10 November, to ensure all AIAA Health and Safety protocols are met.
Press Passes Available to MediaJournalists interested in covering the citizen astronauts and the full ASCEND program at Caesars Forum in Las Vegas in person should contact rebeccag@aiaa.org for credentialing, or request an Online Press Pass here.
Media Contact: Rebecca B. Gray, RebeccaG@AIAA.org, 804-397-5270 cell
About ASCENDPowered by AIAA, ASCEND promotes the collaborative, interdisciplinary, outcomes-driven community of professionals, students, and enthusiasts around the world who are accelerating humanitys progress toward our off-world future! For more information, visit ascend.events, or follow ASCEND on Twitter, Facebook, LinkedIn, and Instagram.
About AIAAThe American Institute of Aeronautics and Astronautics (AIAA) is the worlds largest aerospace technical society. With nearly 30,000 individual members from 91 countries, and 100 corporate members, AIAA brings together industry, academia, and government to advance engineering and science in aviation, space, and defense. For more information, visitwww.aiaa.org,or follow AIAA on Twitter, Facebook, LinkedIn, and Instagram.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6138728f-335f-4533-9c53-4449f34f1e03
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SpaceX Has Finally Installed The Robot Chopsticks It Needs To Catch Massive Rockets – Wonderful Engineering
Posted: at 11:58 am
Elon Musk, the king of all-things-absurd and space tech magnate, is planning another scientific event!
On Monday, he sparked speculation with a Tweet in which he stated that SpaceX would attempt to capture the largest-ever flying object. All of that made sense until he said the thing would be caught with robot chopsticks.
In April, Elon Musk announced on Twitter that the Super Heavy launch tower at SpaceXs Boca Chica facility was basically Mechazilla that just needs some legs.
And now Mechazilla just received a set of huge robot chopsticks on Wednesday.
Recently, SpaceX has mounted its robot chopsticks on the Super Heavy booster launch tower and will attempt to snag a giant rocket using them, according to Elon Musk.
The robot chopsticks are meant to be arms outstretched in order to catch the aptly named Super Heavy rocket boosters as they fall back towards Earth post-launches so they can be reused. Unfortunately, even though Elon Musk initially revealed the catch arms in 2020, the company couldnt assemble and install the chopsticks on the launch assembly until Tuesday.
You can see the video of its assembly below:
The arms of Mechazilla are a part of the overall structure. The robot chopsticks will be used to capture Starship, providing it with a significant role in SpaceXs Boca Chica complex, according to Musk.
Were going to try to catch the Super Heavy booster with the launch tower arm, using the grid fins to take the load, Musk tweeted last year.
The systems operation will be an intriguing thing to witness. If SpaceX succeeds, it will add a new level of excitement to the companys already thrilling rocket landings.
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Is Bitcoin Just a Flash in the Pan? Peter Thiel Responds – Walter Bradley Center for Natural and Artificial Intelligence
Posted: at 11:57 am
In this fourth and final episode based on his talk at COSM 2019, Peter Thiel who founded PayPal in part to help break up currency monopolies offers some thoughts on cryptocurrencies future. In the earlier episodes of his discussion at COSM 1919 with philosopher of technology George Gilder, top venture capitalist Peter Thiel offered Three Contrarian Ideas: 1.Big Tech, as it operates today, is communist. 2. Big Tech is also slowing down. And 3. Learning today has almost nothing to do with the so-called educational system.
Now, about the future of cryptos:
This portion begins at 27:21 min. A partial transcript and notes, Show Notes, and Additional Resources follow.
George Gilder: Peter, you started PayPal, in part to overthrow this government monopoly of money. Hows it going? What can we hope for in the future, in the cryptocosm.
Peter Thiel: Its a little bit harder than I thought in 1999, certainly. One of the books that tremendously influenced me, when I started PayPal, was The Sovereign Individual, written by Rees-Mogg, the father of Jacob Rees-Mogg, the British Brexit parliamentarian. It was about, how were going to have cryptocurrencies, and it was going to be a decentralized world, where sovereignty would itself, would get decentralized to the individual level.
I read that book in the summer of 98, and it inspired me to start PayPal as this libertarian project that was going to liberate peoples money from the control of the central monetary authorities. Theres a whole set of ideas we had around that. In the context of PayPal, we certainly built a successful business, but that part of the vision turned out to be quite hard to do.
There was certainly forms of electronic money that, in theory, were decentralizing and in practice enabled more centralization and more control. Especially after 9/11 and the Patriot Act, and all the ways that the regulatory state, was able to more precisely track the flow of electronic money, it may have actually trended quite the other way.
Now, I do think of Bitcoin as the real thing. Its sort of the centralized currency that we fantasized about at PayPal, but didnt quite build. I have speculative thoughts on who Satoshi is and the Bitcoin origin story. Without, without stating precisely who I think it is, let me give what I think, is the key origin story for Bitcoin:
Note: Satoshi is the name or pseudonym of the mysterious creator of Bitcoin, the best-known cryptocurrency. Many have tried to discover his identity without success: Google Satoshi Nakamoto and the results will lead you straight to image after image of an elderly Asian man. This is Dorian S. Nakamoto, named Satoshi Nakamoto at birth. He is almost 70 years old, lives in Los Angeles with his mother, and, as he has reminded people hundreds of times, is not the creator of Bitcoin. Business Insider
Peter Thiel: When I started PayPal, I went to this financial cryptography conference in Anguilla in early 2000. Its an annual conference and it had this gathering of people who are libertarian, into cryptocurrencies, and probably a decent number of people working at the NSA, spying for the US government, other governments as well.
My theory, is that Satoshi was at that conference or at one like that in early 2000. These ideas were germinated in the late Nineties. One of the manifestations of cryptocurrency at that particular conference was a system called EGLD anonymous encrypted electronic gold certificates. It was a company, that was based in Southern Florida. They had servers distributed all over the planet, but it was in theory, this gold-based alternative to the dollar.
It was going to be encrypted and safe. And there were all these problems with EGLD. We made it interoperable with PayPal. It turned out that there was a lot of criminal activity. Maybe thats always part of the territory of these things. We disconnected it but, the people who started it eventually got in a lot of trouble and the whole system was shut down. The company was targeted, they were prosecuted and I dont think they went to jail, but the whole thing was disbanded.
There was something about the EGLD architecture, that was, in theory, a cryptocurrency and, in theory, fairly decentralized, with their servers in Iceland and Dubai and one or two other places. But in practice, it was still centrally attackable by the larger central government,
I believe that the true Bitcoin origin story was in contrast to EGLD. Its almost the same name in a way. Change E to Bit, and GLD (for gold) to coin. I think the reason we do not know who Satoshi is, is integral to the history of Bitcoin. If we knew, our too-powerful central government would probably do some very unpleasant things to that person.
George Gilder: Peter, why do you believe that the Communist Party of China could nurture or run giant companies, with tremendous capabilities that actually are competitive with the best companies in the United States? How is it possible, that a communist party can actually be a threat, in this commercial creative domain?
Peter Thiel: Well, I think these companies are a threat, and I think they are very tightly controlled by the Communist Party. So thats the empirical answer.
The theoretical answer is, I dont think centralized totalitarian communism, is that good at creativity. You did have a good number of theorists and good chess players in the Soviet Union. So there probably are certain forms of creativity youre able to have even in a Stalinist or Maoist system. But I dont think the creativity is essential.
The competitive threat from these companies in China is that they are just extremely fast at copying, theyre very fast at copying things that work.
Theres always, in any sort of creative business, theres a balance between the creative inspiration, what I call the Zero to One, the miraculous beginning, and then, scaling the business and building it. I think in every area of technology and innovation, the United States and the West more generally, are still at the cutting edge. Were still ahead. Were the only place in the world, where innovation is really happening. But how much value it is to us, depends on how quickly it gets transferred, and exfiltrated to China.
The West developed the atom bomb in 1945, and that was, again, a form of innovation that was possible in a free society. But, within four years, once you had proven that it could be done, it could be copied, even in the Stalinist Soviet union. Copying is much easier to do than originating, and if you have no IP protection, if we have this massive exfiltration of information and ideas, then the disadvantage is not that great for China. And they can be quite a big threat.
George Gilder: How does your understanding of technology inform you about what the current pulse of personal relationships, and the broader social and societal fabric looks like. Now, and into the future, you can talk forever, Peter. Any room for the human spirit in our futures?
Peter Thiel: Well, one would hope so. I think there are all sorts of unhealthy trends in our society, and things that are very off.
The way I understand the Jordan Peterson phenomenon is not that hes correct about Jungian psychology, which I think is just ridiculous. Petersons been effective because Jungian psychology, is a politically correct way, to talk about the extremely dysfunctional gender relationships in the United States, and the West. I agree with that premise of the question that there are some really big problems. I disagree with the claim, that its mainly driven by technology. Maybe there are aspects of tech, of the sort of constant attention distraction, or things like that, that are unhealthy, and that are socially unhealthy.
But there are many things that drive it, and my intuition for whats gone wrong in a lot of these cultural areas, is just the general sense of cultural malaise, of stagnation, of the future is not getting better. Our society is not progressing when people retreat into playing video games, or living in their parents basements, or staying in graduate school.
I think the solution is, maybe you should give them a Jordan Peterson-like psychology lesson. Maybe, you can tell them to turn off their iPhones, or take away their iPhones. But I think the real structural thing is we have to get back to the future. We have to get back to growth in our economy generally. Thats at least, always my bias.
Heres the live stream:
Heres are the Three Contrarian Ideas, with transcript and notes:
You may also wish to read: Peter Thiel speaking in person at COSM, Seattle, November 10. As a world class venture capitalist, he is known for bluntness about what works and what doesnt. COSM 2021 focuses on the converging technologies, remaking our world. Thiel asks, is new tech soaring or slumping?
and
What does super-investor Peter Thiel think you should read?Some books to consider include history as well as business strategy. The two cannot be separated. A book maven tells us what Thiel has recommended, if you are thinking of starting a business or thinking about life in general.
Podcast Transcript Download
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Yesterday and Today: The day of the Schoellkopf power plants disaster – StCatharinesStandard.ca
Posted: at 11:54 am
In 1853 entrepreneurs in Niagara Falls, N.Y., with a view to developing power generation capabilities of the Niagara River, began work on a hydraulic canal that would cut across the village of Niagara Falls, from an inlet above the American Falls to a site on the Niagara Gorge about 460 metres downriver from where the Rainbow Bridge is today.
The canal was completed in 1857 but the potential it offered was not put to good use until the Gaskill Flour Mill was built on the edge of the gorge in 1875. By the end of the 19th century that first facility had been joined by two other flour mills, three pulp mills and a silver plating factory.
At about the same time the water power also began to be used by the Schoellkopf family to generate power for the entire community. This undertaking resulted in the construction, between 1905 and 1924, of three huge Schoellkopf power generation plants at the rivers edge below those industries. Our old photo this week shows what the scene looked like in September 1925 the factories at the top of the gorge, the three power plants along the river.
However, one thing seems not to have been taken into consideration in all this. The water from the canal, after powering the mill wheels atop the gorge, passed through channels bored into stone before emptying into the gorge. Photos from the late 19th century show numerous mini-falls created by water that was pouring from the gorge wall into the river again. But the canal itself, the canal basin and those channels below the mills had never been given protective linings to prevent water from penetrating into the rock. All of that gushing water ended up honeycombing and destabilizing the gorge walls.
The result: on June 7, 1956, a significant part of the gorge wall above those power plants suddenly collapsed. In the morning power plant workers began to notice cracks developing in the buildings walls and foundations and a worrying amount of seepage of water through those cracks. During the day the cracks grew in size, the flow of water increased and rocks began to fall from the gorge wall onto the roofs of the power plants.
And then in little more than 10 minutes, starting at about 5:10 p.m. that day, the entire side of the gorge collapsed onto the three power plants, completely crushing two of them and seriously damaging the third. That one plant was partially returned to service in the next year, but the other two were total losses. The New York Power Authoritys Robert Moses power facility, which began operations in 1961 across the gorge from our Sir Adam Beck facility in Queenston, ultimately replaced the hydro power lost in this 1956 disaster.
Eventually the surviving Schoellkopf plant was demolished and the rubble from all three plants was removed. Today the place where the three Schoellkopf power plants once stood is a large open space used as a maintenance and storage area for the Maid of the Mist tour boat company.
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Yesterday and Today: The day of the Schoellkopf power plants disaster - StCatharinesStandard.ca
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A Lost Sunken City of Gold and Jewels Found in the Mud of Indonesian River – Good News Network
Posted: at 11:53 am
Nighttime divers on the Musi River in Indonesia are beginning to fish out fistfuls of gold, gems, and other treasures from the mudand it might be the site of a fabled kingdom known in the 8th century as the Island of Gold.
Dr. Sean Kingsley, a British maritime archaeologist, suspects the finds, such as a ruby-studded life-size golden Buddha worth millions, represent the gradual-rediscovery of a lost merchant palace city from the kingdom of Svirijaya, which ruled the trade routes in large parts of Indonesia for 400 years.
Situated around the town of Palembang, sometimes called Venice of the East, the palace city would have sat on a major artery of the maritime version of the Silk Road, and like its terrestrial counterparts in the cities of Qashqar, or Tashkent, would have bustled in its heyday with people of every faith and skin color.
Earlier diving expeditions conducted by Australian archaeologists have recovered pristine collections of ceramics preserved in the mud of the river, representing a staggering number of culturesincluding every major Medieval power in Asia, and even the Dutch, British and Portuguese.
But now the treasures coming from the Musi River have a more legendary quality: Dr. Kingsley picks up the narrative when he spoke with Dalya Alberge at The Guardian about his upcoming presentation on the lost city in Wreckwatch Magazine.
From the shallows have surfaced glittering gold and jewels befitting this richest of kingdoms everything from tools of trade and weapons of war to relics of religion. From the lost temples and places of worship have appeared bronze and gold Buddhist figurines, bronze temple door-knockers bearing the demonic face of Kala, in Hindu legend the mythical head of Rahu who churned the oceans to make an elixir of immortality. Bronze monks bells and gold ceremonial rings are studded with rubies and adorned with four-pronged golden vajra scepters, the Hindu symbol for the thunderbolt, the deitys weapon of choice.
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Exquisite gold sword handles would have graced the sides of royal courtesans, while bronze mirrors and hundreds of gold rings, many stamped with enigmatic letters, figures and symbols, earrings and gold necklace beads resurrect the splendor of a merchant aristocracy going about its daily dealings, stamping shipping manifests, in the palace complex.
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The image is of a city on wooden silts yet covered in golden decorations, floating on the river like a solid gold water lily. All around would have been hundreds of boats piled with luxury goods of every description, piloted by traders as from as far west as Turkey, and as far north as Korea. It would have been as stunning a sight to see as the great tent cities of the Mongol Empire.
Its disappearance isnt detailed in any histories, or known by archaeology. The prevalence of volcanic activity in Indonesia could offer a Pompeii-like explanation, while its also possible that riverine activity could have swallowed the city up during a flood or mud slide.
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Kingsley hopes an official, wide-scale excavation will begin immediately.
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A Lost Sunken City of Gold and Jewels Found in the Mud of Indonesian River - Good News Network
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