StartmeupHK Venture Forum - Elon Musk on Entrepreneurship and Innovation

all right good morning everyone I think our next guest really doesn't need an introduction we are going to be hearing from the serial entrepreneur behind a range of companies PayPal Tesla Motors Solar City SpaceX he is a Titan of industry who is disrupted and transformed entire industries we're talking about automotive aerospace energy internet finance and these are sectors that are really tough to operate in as a start-up in the next 40 minutes we are going to hear from Milan musk and we're going to learn more about Tesla Motors in Hong Kong in China we're gonna hear about sustainable energy solutions we're gonna talk about Mars and we're also going to touch on the fate and future of humankind pretty big stuff so in this icy cold day here in Hong Kong let's give a very warm welcome to Elon Musk [Applause] okay you can pick any Mike on the table there's so many to choose from okay okay all right illness Bochum to Hong Kong I talked to your people at Tesla here in Hong Kong and you know Tesla opened up here in 2010 the Model S has been selling pretty well good build up first general question how's the business doing here in Hong Kong actually I mean otezla were super appreciative of Hong Kong it's it's the the the the city with the I believe at this point the most number of Tesla's per capita yeah and I think it's sort of a it's a very exciting I think model in Hong Kong because I think Hong Kong will have over time the highest percentage of electric vehicles of any city in the world and can therefore serve as a model for how other high-density cities around the world can transform to a sustainable transport future so I think I think that's that's very exciting so we plan to work closely with the Hong Kong government and to take lessons learned and see what we can do to then propagate that to cities around the world so we're very excited about the partnership with with Hong Kong because Hong Kong is such a densely packed city there's no range anxiety in Hong Kong but that's not the only factor behind the popularity of the Tesla what are the other factors sure well I think certainly the the bright range not being an issue is is is one factor although that is counterbalanced by challenges with charging yeah so one of the the things that we need to work through and this is a challenge that that any other dense city in the world has is as you have more and more electric vehicles on the roads you have to find someplace to to charge them and the ideal place to charge the car is at your home or or office essentially the same place that you charge your phone but this is challenging because a lot of apartment buildings were most part buildings didn't anticipate having that level of power in the garage and sometimes the parking spot spots float around they're not consistent so it's going to be quite important to get get the power to the buildings that need it and then and figure out a good and convenient way for people to charge at home we are deploying a lot of super charges and of course that's that's getting important but those are really meant for when you're have an unusually long trip you've been away from your home office for a while or you need to top up and you're out and about but by far the most convenient is a home or office charging and that's the thing that we're really working closely with the Hong Kong government on yeah we were talking about this earlier about the impact of falling oil prices because high oil prices was a major selling point for getting into hybrids or electric vehicles now that oil prices are in freefall what does that mean for the industry well it definitely makes the transition to sustainable energy more difficult and I think no doubt that that is going to dampen interest in electric vehicles in general with our cars but what we aspire to do is to make the car so compelling that even with low gasoline prices it's still the call you want to buy yeah that's I mean the only thing I can think of that's the only sort of what else we could do really you have to make it compelling this is really at the Kia Tesla is to create an electric car that's not worthy it's going to help the environment but it is a car that you will covet that you want to drive that happens to be very good for the climate change or very good very good for the environment yeah exactly I think this is sort of general you know advice I'd give to people starting company to entrepreneurs in general is really focus on making a product that your customers love and it's so rare that you can buy a product and you love the product when you bought it this is this is there are very few things that fit into that category and if you can come up with something like that your business will be successful for sure let's talk about China China is the world's largest auto market China is also at a growing electric vehicle market - it's soon to be the world's largest their world's largest carbon emitter we've seen the return of the so called air pocalypse and crazy bad air days and places like shinyang and beijing especially during the winter time China needs your technology is China really aware of that do you get that sense and if you don't mind if you could hold the mic a little bit right yeah absolutely see it's very high gain yes China is definitely where as I've had a number of high-level meetings with the Chinese government and in fact the Minister of Finance recently mentioned Tesla in a speech that he gave oh well as a good example actually he's so he's he's he likes what we're doing which is a good thing yeah yeah absolutely and and and then last year we in an effort to help the rest of Industry and just sort of can be a good good neighbor we open sourced all of our patents so any company in China or elsewhere can use our patterns to create electric vehicles well [Applause] and what you're doing they're just really underscores a theme that emerged at the latest climate change conference in Paris the debate on whether developed countries should be doing more to help developing countries when the goal is a general shared goal and you're saying a company from a developed country should be doing that little bit more in a market like China China is quite quite ways and definitely better trains than the United States yeah by far okay so in fact had a great experience taking the boat train from Beijing to Xian to see the Terracotta Warriors yeah that was it was a great experience yeah yeah so yeah so I think there's a lot of a lot of opportunity there I think the challenge for Tesla is that in China we need to establish sort of a local partnership yeah and so we're going to kind of figure that out there is the issue of pollution in China the need for sustainable energy solutions in China gridlock is a huge issue in places like Beijing I don't know if you've been stuck in Beijing traffic I've been stuck in be together people everyone here who's traveled to China you're stuck and it's pretty crazy can Tesla autopilot provide some sort of a solution to that well I think I think what a pilot can certainly take the edge off because the the the our autopilot capability right now is really good in in two scenarios well it would either were on a highway where there's no traffic and the lines are quite clear yeah or or in heavy traffic so it's super good in heavy traffic not that I'd recommend it but you know you can read a book or do email is what I found I've heard people say the the really take the edge off the traffic but I'm actually quite a big fan of tunnels tunnels are so underappreciated please elaborate the fundamental problem with cities is that we build cities in 3d yeah I mean you see but these tall buildings with lots of people on each floor but then you've got roads which are 2d so that that obviously just doesn't work you're guaranteed to have gridlock but you can go 3d if you have tunnels and you can have many tunnels crisscrossing each other with maybe a few meters vertical distance between them and and and completely get rid of traffic problems mm-hmm and just - anything that actually Hong Kong is in the process of building some tunnels and I was very pleased to hear that but but that really is the solution for solving traffic in major cities yeah you can also go 3d with flying cars you can't that's not gonna happen for a long time well I mean flying cars sound cool but then they do make a lot of wind and they're quite of noisy and you've sought this out the probability of something falling on your head is much higher yeah gotcha we talked about charging stations in the challenge for rolling out more charging stations in Hong Kong the challenge is exponentially greater in China especially in the rural areas to connect the big cities what what are your plans on that so we actually have a super charging network throughout China you can go at this point almost anywhere in China using the Tesla supercharger network and then we've got there's a whole bunch of third-party affiliate destination chargers and we've actually had people drive all the way from Beijing to Tibet yeah so it's a Wow yeah in a Model S well that's incredible yeah have you driven a Tesla and rural China the model 3 what can you tell us about the model 3 what it's going to look like and I know that you've mentioned to me about sorry I can't tell you what its gonna look like okay okay but I mean I can tell you just generally some characteristics about it which is it's meant to be a slightly smaller version sort of a smaller version of the Model S and it won't have quite as many bells and whistles but it'll be at a much lower price point yeah it's the intent is to gruffly get the cut the price in half for a smaller vehicle and and and I think really that's going to be probably the most profound profound call that we make is that that'll that'll be I think a very compelling car at an affordable price yeah but this is with the model 3 the electric vehicle could go fully mainstream other car manufacturers you have GM in mind with the bolt doing the same thing and you welcome your rivals doing this right yeah the gold tester from the beginning has been to accelerate the advent of sustainable transport so we we actually did some partnerships we did one with Mercedes and one with Toyota and you know from saw stripey and everything so the whole purpose of of it was really to accelerate the advent of sustainable transport so it's always great to hear when other car companies are making electric cars yeah including car companies inside China yeah are there any Chinese electric car vehicle makers that are capturing your attention or well we don't think too much about what what competitors are doing yeah just because I think it's important to be just focused on making the best possible products you know it's sort of maybe analogous to what this about you know if you're in a canoe if you're if you're in a race it's a don't worry about what how the other what the other runners are doing just run yeah but you know do to push that metaphor even more are you afraid that whoever's hosting the race could tilt the race in favor of the Chinese racer I'm trying about this anywhere to answer that question and not lose you get one pass this interview if you'd like to take the pass you could take that pass okay [Applause] we've talked about innovation in China and I thought your answer is really interesting and it'd be cool to share it with the audience here what was what is the example of made in China innovation that you saw it wow that's pretty cool well I think actually a lot of the social medias so soon in China you know Weibo WeChat pretty impressed nothing better than what is available in the u.s. yeah or you want to be chat I am actually oh really yeah you know I only use WeChat when I'm in mainland China on business do you use we chat in LA and Silicon Valley I can to correspond with people in China okay yeah that's it yeah but it's pretty good which do you use Alibaba have you used okay yeah it is very very impressive yeah WeChat how do you use it which messaging functions do you like to use on it well I wouldn't call myself sort of a richer expert yeah I basically just message people yeah and send pictures some text now recently I did a panel discussion in Beijing with a group of technologists and the subject came up or I brought up the question can there be an Elan musk in China and the answer was no and it was because of and this is according to Chi Fuli former head of Google China who started Microsoft research in Beijing and he said it's because of the education system in China it emphasizes too much rote learning you are Elon Musk do you what do you make of that I mean do you do you agree actually I mean obviously are a number of very successful entrepreneurs in China Jack Ma Ponemah that's right exactly so I think I'm a short and how do you agree with that but it is generally true that innovation comes from questioning the way things have been done before yeah and if in the education system you're taught to do that that will inhibit entrepreneurship being able to question what you're being taught being able to yeah I mean just you know saying well is there a better way yeah you know to ask that question yeah let's talk about innovation at Tesla few more questions there so we talked about Tessa auto pilot there's also Tesla summon and I love that name the summit where some in the Tesla with your mobile phone and you know we did talk about this earlier I know that there's a big gap between those two programs and self-driving cars but is Tesla on its way to a driverless model yeah I mean I think the whole industry of what they won't be producing autonomous cars and if you went if you fast forward let's say 10 or certainly not more than 15 years I think almost all cars produced will be autonomist all cars produced will be autonomous all new cars yes but that's not the same as all cars in the road because there's roughly 2 billion cars and trucks in the road and just under 100 billion produced every year so it's so the production rate is only 5% of the fleet size but if you say of new cars produced I'll be surprised if a majority of them are not self-driving in that's a 10 to 15 years and of all those new self-driving cars out on the road how many of them will have you know it's like a will have a steering wheel versus not having a steering wheel it's like the you know just a remnant of the past right the same real thing I'm not sure I mean there may be some perhaps auxilary steering wheel that only pops out when you know when they you need to take manual control for whatever reason but probably if you've got a long long term my guess is there there isn't steering wheel and most cause it would be something that you would have to special order or something yeah in most cars not all cars and I do want to be clear that the predictions are not endorsements yeah you know so I'm not saying that this would be a good or a bad thing I'm just saying that this is probably what this is pattern recognition and anticipating what's going to happen next it's it's likely I mean I think it's sort of like elevators used to have a manual elevator operator and you'd have somebody would be sort of moving the lever and be able to do fine tune adjustments with the elevator for each floor now there's no manual controller for elevators yeah I think it's gonna seem the same way for cause yeah and how about the way consumers interact with driverless cars how many consumers will choose to own their own car versus signing into a networked fleet of driverless cars probably still most people will own their own car but there will be it's hard to predict the exact percentage but I mean I think probably roughly 60 70 percent of people will probably want to own their cars and I'll call it two-thirds own one-third share this is a complete you know shooting in the dark gas but yeah I think so most people will want to own their own car yeah but they also make me choose to add it to the shared fleet and then take it other shared fleet at will yeah you don't see that as a threat to your business model no I think it's just long as we make great autonomous cars it's just additional options for the consumer yeah it's just adding functionality that I think who will consider quite important in a car in the future I mean I've said this before but ending it in the long term owning a car that does not have a port Onam escape ability will be like a bit like owning a horse I mean you sort of own oars for sentimental reasons but not for actual transport yeah yeah let's talk about the futuristic looking Model X and a question that many Hongkongers have is can I park this thing in my parking garage because of those Falcon wing doors what's your answer to that yeah actually the Falcon wing doors are double hinged so call them about going instead of going because they have a dual acting hinge so they're actually I can open open in a tighter space than almost any door and certainly more than a conventional Titus base in the conventional door if you can physically fit between your car and a Model X then you'll be able to get in the Falcon wing door yeah and it looks beautiful and I love the I can't mention this again you thought yesterday I loved the Back to the Future series reminds me of the DeLorean which I know it should not compare Tesla to you know it looks sci-fi it looks cool but it also and this is important it serves a design purpose what is that purpose yes so the following door is designed to improve accessibility of the third row I mean typically in a3 a3 to a car and an SUV it's quite difficult to access the third row directly you have to fold up the second row seats and you really somehow have to move the seat back of the second row which if you've got sort of a child or child seat in the second row can make it really inconvenient to access the third row so by having crowing door we have much bigger opening that allows you to directly step to the third row quite conveniently even if the there are baby seats in the second row and then if you're a mother and put putting your child in the child seat in the second row is very easy because you have such a big opening and you can it you can step into the car and put the child into the child seat instead of cantilever ring your child over sort of you know through a hole over the baby seat sort of on rests so it's meant to improve accessibility and there are really only two ways to achieve that level of accessibility one is the is it is the sliding door of a minivan and the other is to have something like the felt going door mmm and the reason we can go for a sliding door for like a minivan is that it fundamentally constrains the aesthetics of the exterior of the car and you have to have three support rails which also negatively affect the aesthetics that's why all minivans pretty much look the same and we want everyone to have something was that had that level of accessibility and actually has greater accessibility than a minivan door but also looks good this is classic user centered design and can I just say thank you for designing for moms and thank you for designing for parents [Applause] yeah I think I think parents will really really enjoy the model X yeah and what we're also taking good you know feedback from customers and for example one of the things that was asked of some of Hong Kong customers that have ordered the Model X is to have a partial a partial open function of them of the falconwing door so if you're if it's a if it's really heavy rain it's like an umbrella or yeah so you'd once sort of a maybe a 5060 percent open level so you have a good shield from from the rain yeah and I think people would please to know that actually it's already in the works very good and something that is also potentially in the works but only for select few a submersible Tesla not anytime soon but to be a fun fun side project to have a some more submersible Tesla but I think the market for submarine cars is quite small but you don't have to use the cross Harper tunnel in Hong Kong you could just go through the Victoria Harbour yeah that's true that'd be pretty epic just drive right off the right off the edge of the that's right up here be James Bond every day and your commute absolutely yeah a Tesla truck could that ever happen yeah I think it's quite likely we'll do a truck in a future yeah yeah any more details than that no I think it's sort of a logical thing for us to do in the future okay now what Tesla your goal has been to make a better car and you've done that with an electric vehicle that people covet that has quite a cult following that's upgradeable but you also want to achieve and your turn of phrase is very nice or or try to achieve this Platonic ideal of a car right to reach perfection so what does the perfect car look like well I mean I do use that phrase with our engineering design team that aspirationally we're in pursuit of the Platonic ideal of the perfect car and who knows what that looks like actually but it's I you want to try to make every element of the car as as flawless as possible and they'll always be you know some degree of imperfection but try to minimize that and and create a car that is just delightful in every way and I think if you do that then the the rest kind of takes care of itself you're also the chairman of solar city building out a network of solar panels and solar systems and I can see why solar can make sense in a place at California where it's sunny all the time homes are big a lot of roof space you can lay it all the solar panels but in a place like Hong Kong you know densely packed vertical cities how can solar make sense here yeah I think it's true that in dense cities rooftop solar is is not going to solve the energy need what you can do is have ground mount solar power let's say near Hong Kong tapping into the existing power lines that are coming in and so you can supply Hong Kong with solar power we just need to be coming from a land area that's not too far away and I mean it's worth noting certainly a meter China has actually an enormous landing area much of which is hardly occupied at all hmm with given that the Chinese population is so concentrated along the coast once you go inland at the population in some cases is remarkably tiny so you could easily power all of China with solar all of China was solar usually yeah the world's most populous country yep definitely Wow okay let's um let's go even more way out there and talk about SpaceX you're a CEO of SpaceX and you've said that your ultimate goal is to get humankind to Mars I've heard your response to the question but these guys need to hear it why is Mars important why does Mars matter sure well it's really fundamental surgeon we need to make as a civilization you know what kind of future do we want do you want a future where we are forever confined to one planet until some eventual extinction event however far in the future that might occur or do we want to become a multi-planet species and and then ultimately be out there among the stars being among many planets many star systems and I think the latter is a far more exciting and inspiring future than the former and and Mars is the next natural step in fact it's the only planet we really have a shot at at establishing a self-sustaining city on and and I think once we do establish such a city there will be a strong forcing function for the improvement of spaceflight technology that will then enable us to establish colonies elsewhere in the solar system and ultimately extend beyond the beyond our solar system and and so there's the defensive reason of protecting the future of humanity ensuring that the light of consciousness is not extinguished should some calamity before Earth but also and that's the defensive reason but personally I find the more the word what it gets me more excited is is the fact that this would be an incredible adventure maybe like the greatest adventure ever and it would be exciting and inspiring and they need to be things that excite and inspire people yeah you have to be you know reasons why you get up in the morning it can't just be solving problems it's got to be yeah something something great is gonna happen in the future yeah we talked about this at length yesterday it's it's not an exit strategy or a back-up plan came in kind or it fails right it's also to inspire people on earth right and to transcend to go beyond our mental limits of what we think we can achieve right I mean I think sort of how incredible the Apollo program was and just I mean if if you ask anyone and say name name some of humanity's greatest achievements in the 20th century the Apollo program landing on the moon would would MIT in many if not most places be number one when will there be a man SpaceX mission and when will you go to Mars pretty close to to do it to to standing crew up to the space station that's currently scheduled for the end of next year yeah so that will be don't be exciting without Dragon 2 spacecraft and then we'll have a next generation rocket and spacecraft beyond the Falcon Dragon series and I'm hoping to describe the that that architecture later this year at the International Astronautical Congress which is like the bit the big international space event every year so I think that that'll be quite exciting yeah and and terms of me going I dunno maybe four or five years from now maybe going to the space station would be nice oh wow and in terms of the first flights to Mars and we're hoping to do that in the in around 2025 I'm sorry in 2020 year 2029 nine years from now they're about oh my goodness that's just around the corner well nine years um are you so are you are you doing zero-gravity training I've done the parabolic flights okay but you must be reading up and doing the physical testing to get ready for this the ultimate flight of your life you've seen the Martian we've talked about the harsh it's like the hardest thing anyone could ever do is there's getting there and also surviving and trying to anticipate everything that could go wrong and make sure it doesn't happen you can tell I'm not going to be signing up for your manned spaceflight it's a big take place why do you think I mean going to Mars is definitely gonna be it's gonna be a hard and dangerous and you know difficult in probably everywhere you can imagine but so it certainly wouldn't be you know if you're if you if you care about sort of being safe and comfortable going to Mars would be a terrible choice yeah and this and this is at the heart of who you are because you to quote Pink Floyd you do not like to live a comfortably numb' life you know you take on incredible risk to take on an entrenched big established industries and to shake and rattle them up and to introduce something new and it's it's so cool to watch and I think that's why everybody here is signed up to come here and to listen to you just to hear more about that people want to be more like you and for the fate of humankind I think it would be great to have more Elon Musk's so what do we need to do to become more like Elon I don't know I think maybe sounds better than it is yeah I you know I mean honestly like like there's a friend of mine he's got a great saying about creating a company which is creating turnable the company and have it succeed is like eating glass and staring into the abyss so I mean what tends happen is it sort of quite exciting for the first several months of starting a company and then then reality sets in things don't go as well as planned customers aren't signing up the technology of the part isn't working as well as you thought and and then can that consumers be compounded by a recession and and it can be very very painful for several years so I think frankly starting a company you I would advise people to have a high pain tolerance and thanks for reminding us of the harsh very harsh and brutal reality of launching a start-up there is that Elon Musk / Tony Stark mystique you know people think you know you are Robert Downey jr. modeled his character Tony Stark Iron Man on you it's it's easy it's fun you're a superhero Titan of industry but it's really hard it's it's really difficult and it's something that requires perseverance and grit do you fear that maybe an in this generation or the younger generation that they don't have that perseverance in grit to take on these really tough challenges I think some people do yeah and but but I think it is definitely true that I mean maybe there are occasionally companies that get created work where there's not an extended period of extreme pain but I'm not aware of you know very many of such instances yeah and so but I do think that the new great entrepreneurs are born of every day and will continue to see amazing companies get both so yeah but I would definitely advise people there's not any company to expect a long period of quite high difficulty yeah but I mean song is people stay super focused on creating absolute best product or service that really delights their end customer like if they stay focused on that then basically if you get a such that your customers want you to succeed then then you probably will all right you have to focus on the customer delivering for them yeah make sure if your customers w you will your odds of success are dramatically higher all the entrepreneurs in this were in this room they're listening to that message and you know we're running out of time so this is the final question this is for the budding entrepreneurs in the room who could take an Elon Musk idea and run with it I mean quite famously Hyperloop is a idea that you had to give away because you just don't have enough time to to deal with it what what are the other ideas that you have that you would love to see another entrepreneur just take on and go well I think there's a lot of opportunity in general in electrification of transport so electric aircraft I think there's there's a lot of opportunity there I think in in genetic so it's it's that's sort of a thorny area but I think that's in terms of solving some of the more intransigent attachment diseases genetics are really key to to solving those something that I think people may be only beginning to look at is establishing some kind of brain computer interface so a brain computer interface yeah at their at the neuron level so this is sort of intelligent intelligence augmentation as opposed to artificial intelligence right I mean I think that that is that has a lot of potential you mentioned to me this to me yesterday I really had kind of no idea what you were talking about and then I looked up Ian banks neural lace that's right and so it's this concept of you know wiring the brain so it's either weak dude there could be a brain internet and it could also mean that we can upload our thoughts to the cloud you would never forget anything you you wouldn't need to take photographs yeah I know it's incredible I mean it's you would never forget anything you would expand your ability to process information to remember information right the denial of service attack happens it can also be used to fight degenerative diseases like Parkinson's - yeah absolutely yeah yeah and I think it actually would be quite quite an equaliser as well because I think the the Delta between you know like it would sort of even things out I think you mean a human kind it would be there would be no education disadvantage everyone would are starting at the same level yeah so there would be no meritocracy no there would meritaten there would be but it would be the differences would be smaller the Delta would be smaller probably Wow and you really welcome that kind of world welcome that you asked for predictions okay predictions are not the same as references so I mean do I think something like that is likely to occur I think probably Wow yeah well it's incredible we could go on and on unfortunately have to wrap and leave it that let's let's give it up for yelling - that was really awesome thank you so much thank you Thank You Christy and from CNN and the de facto game-changer Elon Musk if I can invite you to both stay on stage for a moment we're gonna do a group photo I'd like to please invite to join us on stage mr. Gregg so Hong Kong secretary for the Commerce and economic development along with all our distinguished speakers and our vertical champions as well as a venue partner for the start me up HK festival come on up on stage you're gonna take a group photo together I believe we're gonna move the furniture briefly can I also please just make sure that we include these individuals Matt Dooley Renu Bhatia and Sam Baily Irene Chu and Alou Steve Monaghan ng young and the brink team Miki Christina and Manavi will have to get in nice and close with each other

Channel: Invest Hong Kong

Views: 145,868

Rating: 4.9418888 out of 5

Keywords: Hong Kong, startups, entrepreneurship, innovation, Elon Musk, Tesla Motors, StartmeupHK, StartmeupHKFest, InvestHK

Id: pIRqB5iqWA8

Length: 41min 58sec (2518 seconds)

Published: Tue Jan 26 2016

Reddit Comments

[u/dante80]

We have a possible date for unveiling the Mars Architecture plan. IAC-2016, Sep 26-30.

[u/radexp]

Interviewer: "(...) People want to be more like you…"
Elon: "Really? Huh. *confused*"

[u/Destructor1701]

Observations:

• Elon looks wrecked. I hope it's just jet-lag.

• This interviewer is great! She's very competent with the subject matter and seems genuinely engaged and excited by what Elon does. (I also like that she doesn't pretend that they didn't prepare for the interview)

• MCT reveal at the IAC!? Soft commitment, but hot-damn, it's nice to have an update. Sooner would have been nice, though.

• Elon wants to go to the ISS in about 4 years?! I really hope he pulls a "Seveneves" and turns up outside unannounced in a Dragon.

[u/Stronglebert]

Has Elon said that he wanted to visit the ISS before or is this new? @31:10

[u/thebalaa]

"...ensuring the light of consciousness is not extinguished."

What a great reason to get out of bed. Thank you, Elon.

[u/TheDeadRedPlanet]

http://www.iac2016.org/

Damnit, I have to wait all freaking year.

[u/dante80]

27:50 mark for SpaceX thoughts.

[u/swtor_potato]

If the rocket he was going to the ISS on went through a RUD I would be very sad :(

[u/Krusm]

Why would he announce MCT at IAC? is it like a really important conference? Does it make sense to announce it at IAC?