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• 00:00There are a number of ways that we can take this conversation, right? The way that I think about it is the data that prior to today’s mission, I think I’m right in saying, of all the people that have gone to space, only 15 one 5% were female. So what is the significance from that standpoint to you as a. This is greatly about American value creation and more innovation from the space sector through the launch business. I think that what we’re seeing here is you’re seeing more origin cementing itself as a safe, independent, dependable option to go to space as a as a as an option for space tourism. The fact that in 11 minutes you can zoom past the Karman line, 62 miles above sea level in a fully reusable suborbital rocket. It’s built for humans and come back safely is, I think, a big American feat that we need to that we need to highlight. And the big question is what this means for investors and space. Does this mean investors will move further into the launch business and support additional flights? Does it mean that we will see another one of these in another decade of being, you know, making history again, or will this continue to become a commonplace? I get asked a lot about the gap between Blue Origin and Space X, but the other perspective of the investors I speak to is that it’s good to have two private sector names that are able to have a launch system that is reusable and that are launching with greater cadence. How important, though, is it that Blue Origin starts to make progress in its other domains outside of New Shepard? I’m talking about new Glenn and also its engine business. And, you know, they’re also in the space station business as well. Right. So I think that it’s important that they are able to show successes because in the space business, safe successes are all that matters. And it’s important to show these results in all your businesses. And right now they are doing that. And that bodes well for the investment community that’s watching what this does to grow the space asset class. Those that are skeptical, look at this and say this is a shop window for Jeff Bezos and Blue in the sense that it’s an all celebrity. Well, mostly celebrity crew. And to everyday people, this just isn’t achievable. You know, it’s $150,000 for the deposit. We don’t know how much a ticket costs because it depends on your relationship with Bezos. What’s the counterargument? What’s the argument on how this progresses and advances people’s everyday opportunity to go to space? Yeah, the counter argument is threefold, actually. The first is it helps the engineers with continuous repetition, which means that again, they are doing this safely and they are they become more used to doing it to the engines and the systems perform better or it becomes more commonplace technically. The second is that if you think about the the advent of air travel, you know, it wasn’t affordable to everyone. And so with these repetitions, we hope that the intention is that it helps to bring down the costs so that you have more people able to get to space. And then thirdly, I think that what this does and you alluded to this a bit with the two options, is it is it inspires others to start more rocket companies in America. It inspires others to see this as something that is something we do every day or not once in a decade. As a lean on your experience in office, how do you think the White House and the pending master administrator would view Blue’s mission this morning? I believe that pending as administrator also was on a similar flight. And so one can’t help but be excited that this this is continuing, that there are more people given access to space. And I think that’s out from the White House lens. When you see an American company continue to foster the innovation that we want to see coming from American ingenuity, and that’s a plus. And then thirdly, I think from the from the lens of NASA and even the White House, too, you want to see American prominence, American leadership. And that’s what you’re seeing here. Jeff Bezos has a very similar big picture view of the future of space. Like Elon Musk wants humankind to be multi-planetary species. I think Jeff Bezos talks about living and working in space, and you reference the future business model that Blue has of the future of International Space Station’s not the International Space Station. But with your experience, you have line of sight to that future. From a test launched like such we had today. Absolutely. The International Space Station is set to retire and in about six years. So by 2030, we expect that to start being retired. And there are a number of launch companies, a number of space companies, including Blue Origin, that are working to replace this station. And we’re not going to see one station because the International Space Station is quite large and was built over a decade. And so you’re going to see multiple options. You might have one for pharmaceuticals, you might have a space station for scientific research and another for space tourism, a space its tell, if you will. So what you see is the again, this repetition of flying gives a lot of you know, it’s a lot of experience and expertise to the teams that are building what could be a future space station without.