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  • So what, what advice do I have for college graduates?

  • Certainly, I do want you to apply for a job at solar city or Tesla or SpaceX

  • and

  • if not then, if that doesn't work for whatever reason then

  • apply to jobs at other companies in that arena or

  • try starting a company.

  • If you study engineering and you figure out how to design new things

  • then it's relatively easy to start a company

  • you just need to get a few like-minded people

  • with you.

  • I have to say that the space business is quite

  • it's quite hard to start a company in space business

  • because it's such a capital intensive business

  • So it may be better to do something in Solar power

  • or if you're gonna do it in cars

  • do it in, as kind of a component supplier for cars or something like that.

  • Musk has college degrees in business and physics

  • but SpaceX is his first venture in aerospace.

  • How did you get the expertise to be the chief technology officer of a rocket ship company?

  • Well, I do have a physics background, that's helpful as a foundation

  • and then I read a lot of books and talked to a lot of, lot of smart people.

  • don't just follow the trend

  • you may have heard me say

  • that it's good to think in terms of the physics approach of first principles

  • which is rather than reasoning by analogy

  • you boil things down to the most fundamental truths you can imagine

  • and you reason up from there

  • and this is a good way to figure out if

  • if something really makes sense

  • or if it's just what everybody else is doing

  • and it's hard to think that way, you can't think- think that way about everything

  • it takes a lot of effort

  • but if you're trying to do something new it's the best way to think

  • and that framework was developed by physicists

  • to figure out counterintuitive things like quantum mechanics.

  • So it's really a powerful powerful method.

  • And I want to know what is the one thing that has surprised you about your life?

  • Well, I simply I'm surprised about the whole thing honestly

  • I certainly didn't expect to be, to be, for any of these things to happen, honestly

  • Yeah, I just you know, I know I wanted to be involved in technology

  • and

  • in fact the only reason I started a company back in 95

  • an internet company was because I couldn't get it

  • there were only a few internet companies and I couldn't get a job at any of them

  • I tried to get a job at at Netscape and I sent my resume

  • and I tried hanging out in the lobby, but I was too shy to talk to anyone

  • and it was like okay, well I guess I'll have to start a company

  • cause I can't get a job anywhere.

  • thank you

  • I wouldn't say I'm fearless

  • in fact I I think I fear, I feel fear quite strongly

  • but I

  • if the

  • if what we're doing isn't

  • if what I'm doing I think is important enough then I just override the fear

  • so, but it's not as though I don't fear, I feel fear like more stronger than I would like.

  • I think also people tend to overweight risk on a personal level

  • it's one thing if you've got you know a mortgage to pay and kids to support

  • and that if you were to deviate from your job

  • than well, how are you going to feed your family and pay the rent?

  • Okay, that's understandable

  • but let's say you're young and you're just coming out of college

  • or coming out of high school or whatever

  • What do you- What do you risk?

  • You know you're not gonna starve, I mean...

  • It's really, certainly not in any kind of modern economy

  • It's so easy to earn enough money just to live somewhere and eat food.

  • I don't know what other people- what they are afraid of

  • they are mostly afraid of failure I think.

  • People should be less risk-averse when there's not much at risk.

  • What is education like?

  • you're basically downloading data and algorithms into your brain

  • and

  • it's it's actually amazingly bad in conventional education

  • It's like it shouldn't be like this huge chore

  • like the more you can gamify the process of learning the better.

  • I always had sort of a slight existential crisis

  • because I was trying to figure out what does it all mean?

  • like what's the purpose of things?

  • and I came to the conclusion that if we can advance the the knowledge of the world

  • if we can do things that expand the scope and and scale of consciousness

  • Then we're better able to ask the right questions

  • and become more enlightened

  • and that's really the only way forward.

  • What drives you?

  • what what is it that when you wake up in the morning

  • do you see a problem and you want to solve it?

  • The thing that drives me is that I want to be able to think about the future

  • and feel good about that

  • so that, you know we're doing what we can to

  • have the future be, be as good as possible

  • to be inspired by what is likely to happen

  • and to look forward to the next day.

  • So that's that's what really really drives me

  • is trying to figure out how do we, how do we make sure that things are great?

  • I'm gonna be so and

  • that's the unlined principle behind Tesla and SpaceX

  • is that, I think it's pretty important

  • that we accelerate the transition to sustainable generation

  • and consumption of energy.

  • It's inevitable, but it's- it matters if, if it happens sooner or later

  • And then SpaceX is about helping make life multi-planetary

  • and doing what we can to continue the dream of Apollo

  • and ultimately make contribution to life becoming multi-planetary.

  • Let's talk a little more about that

  • I think everyone is very interested that when you say making life multi-planetary

  • yeah

  • that's exciting

  • it is exciting

  • So what's your vision there?

  • You know, I think particularly for Americans

  • you know, like if you think about it America is a nation of explorers.

  • People came here from other parts of the world

  • that you know chose to give up the known in favor of the unknown.

  • So I think exploration like the United States is a distillation of the human spirit of exploration

  • and

  • So that's why it appeals to Americans so much

  • you know

  • you can see this when

  • there was a shuttle tragedy and seven people died

  • and that's that's terrible but, you know a lot of people die all the time

  • but why do we care so much?

  • because it was the dream of exploration that was dying along with those people

  • that's why.

  • I mean I thought both Tesla and SpaceX would fail at the beginning

  • You thought?

  • Yeah, sure

  • really?

  • of course

  • nevertheless you put all your money in them

  • I expected to lose it, and well technically what I thought was

  • well I'll take half the money from PayPal and if I lose half of it that's okay

  • but then of course the companies encounter difficulties

  • and then, I have a choice of either like let the company die

  • or put you know all the money into the companies

  • and so

  • I really don't want the companies to die so I put all the money in the companies

  • yeah

  • and then I had to borrow money form friends to pay living expenses

  • yes

  • you know just looking just for evidence of exceptional ability

  • and if there's a track record of exceptional achievement

  • then it's likely that that will continue into the future.

  • Well, it really depends on the stakes

  • if the stakes are high, if it's really important

  • then one should, then I, you know overcome the fear and just do it anyway

  • I essentially

  • I mean I just

  • drive overrides fear, but I feel the fear

  • It's kind of annoying, I wish I didn't

  • I wish I felt it less.

So what, what advice do I have for college graduates?

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