How I Built A $4.2 Billion Space Start-Up | Founder Effect

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We can recognize the biggest names in space by just their last names: Bezos, Musk and Branson. But you might want to keep an eye on an up-and-comer: Ellis. In order to join Elon Musk’s SpaceX in the race to Mars, Tim Ellis’s Relativity Space is building the world’s largest 3D printed rocket. Tim spent five years working at Blue Origin before leaving to start the first 3D printed rocket company with a $500,000 check from Mark Cuban. Here’s how a 31-year-old named Tim Ellis built a $4.2 billion space start-up called Relativity Space.
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How I Built A $4.2 Billion Space Start-Up | Founder Effect

Опубликовано:

6 май 2022

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Комментарии : 252

@ahmadzaimhilmi 2 года назад

I like how real entrepreneurs talk about solving problems instead of those marketing gurus who talk about how you could get rich by doing something.

@cineproshorts 2 года назад

@idonotlikethismusic 2 года назад

Entrepreneur vs. "entrepreneur"

@Frazier16 2 года назад

Well tbf most buissness owners aren't trying to change the world or make it better

@doords Год назад

marketing gurus, influencers, basically people who never graduated highschool

@Brodragon2225 Год назад

product makes richif he makes rocket affordable then internet will be faster

@bavan 2 года назад

Suddenly my respect for Mark Cuban has increased. Computers and Software catapulted humanity centuries ahead when creating Computers and Software became possible from a simple Garage. Likewise, we should be able to do Space exploration in our garage too. I have always imagined having a small lab kit where we could explore human cells and simulate string theory. Though this is not a garage project, 3D printing a rocket and Cuban funding it is good start. We will make it one day and find the answer to this universe together.

@normalguy8550 2 года назад

I have rarely seen a comment with which I agreed more. Making the tools for innovation more accessible is a very important step if we're hoping to change the world

@xpengfangirl7942 2 года назад

so catapulting humans ahead, you mean the end game is basically conscious AI that will absorb all technology and energy itself and call itself humanity and end game eternal form of "life"? or what is "progress" in your view?

@corail53 2 года назад

Cuban wasn't an innovator - he got lucky someone one wanted to buy his non working crappy Radio on the internet company for a bit over a billion. (the company no longer exists). Cuban has been riding off that for years with his only money making venture being a basketball team. Almost all his other public investments have crashed and burned including all his useless crypto pumping.

@shukrantpatil 2 года назад

@@xpengfangirl7942 AI will never go against us , we humans are pros at keeping other beings below us , let it be animals or an AI , we have been masters at making slaves and keeping them under control , AI will be no different and if it does become conscious and go against us , we will simply make it unconscious , do not underestimate humans my friend , we ae no less fierce than any futuristic AI .

@xpengfangirl7942 2 года назад

@@shukrantpatil haha, funny joker, the point is there is no need for middle class jobs, so the world is elite unicorns and slaves that will still work cheaper than the AI option, if AI turns on humans, then that is another issue

@aymanelzahed1747 2 года назад

I love that guy! Very intelligent, humble and inspiring.

@wilsonjudson1650 2 года назад

There might be an economical turmoil but there is no doubt that this is still the best time to invest.

@jamesmaduabuchi6100 2 года назад

Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.

@wilsonjudson1650 2 года назад

you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos

@wilsonjudson1650 2 года назад

now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.

@henryclinton9317 2 года назад

Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?

@wilsonjudson1650 2 года назад

search her name on the internet to reach her

@nissarahamed 2 года назад

That's impressive he got $500k with a cold email. And a company was born!! Amazing story of hustle. 💯💯💯

@Okeh_Emmanuel Год назад

The beauty of the USA

@YasinNabi 2 года назад

this is one of the best videos I have just watched today... thanks for sharing :--==

@rishirajtripathi5711 2 года назад

people after watching this video let's email Mark Cuban 😂

@ijyoyo 2 года назад

That's so inspiring. What a journey so far.

@user-tk7hs7px3g 11 месяцев назад

My respect sir, 3d printing is definitely a gold mine. I your humility

@RC-yx4kb Год назад

This story needs to be turned into a movie!

@yashstreamin2826 Год назад

Thanks! This video is very valuable❤

@davideguerra743 2 года назад

Early saving and investing money creates compounds growth, it's a beautiful thing.But it takes focus and discipline. You need to be focused enough to commit to a plan and a process. Retried with a 7 figure portfolio and receiving about $143k in dividends. I have been in the stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchase growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!

@davideguerra743 2 года назад

Sure! She goes by Donna Jean Boyette , you can search her up on the internet to connect with her.

@davideguerra743 2 года назад

Donna Jean Boyette is quite popular on Bloomberg i doubt if there is anyone who is serious on stock trading that doesn't know her.She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance.

@hautedash 2 года назад

@@davideguerra743 Is Donna from the Wells Fargo Clearing Services?

@davideguerra743 2 года назад

@@hautedash yes , and You can glance her name up on the internet and verify her yourself.

@Djfjfjrhhrjrhrhfj 2 года назад

So he cold emails Mark Cuban and then 5 mins later Cuban responds to a complete stranger and tries to wire him half a million dollars without an interview/meeting/etc? I know half a million isnt much to Cuban, but I'm not sure I'm buying that story.

@Wesley-rn7oc 2 года назад

Masayoshi Son gave Alibaba $20 million after like a two min conversation with Jack Ma.. Theranos became a $9 billion company with no actual technology, just promises from Holmes. You don't get rich by sitting on your cash.

@Djfjfjrhhrjrhrhfj 2 года назад

@@Wesley-rn7oc I didn’t say sit on your cash, I said it’s odd to give a complete stranger a half a million dollars from a cold email without any sort of due diligence

@johan1471 2 года назад

@@Djfjfjrhhrjrhrhfj you don't know what in the email it was probably a detailed one with a business plan who knows

@Djfjfjrhhrjrhrhfj 2 года назад

@@johan1471 he responded 5 mins later it couldn’t have been that detailed. And even if it was super detailed, you don’t wire 500k dollars to a complete stranger 5 mins after they email you

@fuadadesokan2435 2 года назад

I understand your point but would also note it’s possible Cuban just made a verbal commitment. His lawyers will definitely go through the legal stuff and due diligence. I doubt the cash goes out immediately during a funding round.

@investavenue 2 года назад

AMAZING

@doords Год назад

The key to success is that get yourself into a low paid internship of a good tech company. Dont waste time doing grunt work and hoping you will get promoted years later. Focus on learning how to get ahead and learn their business and then leave the job and start your own company

@FrankieJ789 7 месяцев назад

a lot of it is luck. Some groups dont allow their interns to see or do much.

@AstorSkywalker 2 года назад

This must be the guy from that 80s movie Weird Science! Genius!

@defintity_9951 2 года назад

This guy is going places

@xpengfangirl7942 2 года назад

just act like a fake kid, going on a scout venture, at 12, say the key words of our time, like badass, nsane, crazy, stoked, plaided, space is a greeny gooey, and sheep will give you their money

@defintity_9951 2 года назад

@@xpengfangirl7942 I'm not sure about execution, but 3D printing does have many applications.

@xpengfangirl7942 2 года назад

@@defintity_9951 I will send cold mails to rich people

@lakshanperera9735 2 года назад

brilliant

@hikodzu 2 года назад

Impressive

@shubhz7164 2 года назад

you can never know what could have happened if you don't ask do Ask, you never know who can help Love this guy

@ibrahimandong1572 2 года назад

This is what I live for

@EmpoweredUniverse 2 года назад

CNBC Make it should be linking the websites of these companies interviewed in the description 🙄

@xavierabdulkarem5057 2 года назад

I like startups changing the world

@corail53 2 года назад

How is this changing the world? We don't need more rockets

@nissan38p69 2 года назад

Your videos are always the best💯 I do receive a notification each time you post a new video.. We'll have regrets for things we did not participate in...Investment should always be on any creative man's heart for success in life.

@patricklennon1080 2 года назад

Nice content mate! So happy to announce that I have gained financial freedom by investing in digital currency. Now I know that multi creation of various streams of income is the ideal Principle for financial sustainability.

@dorathystephanie7702 2 года назад

I have secured financial freedom by investing in bonds, equities, NFT's and crypto currency the most profiting of them all..

@opaljeremiahkyle3505 2 года назад

I wanted to invest more in crypto, but the fluctuations in crypto value discouraged me into dumping.

@dorathystephanie7702 2 года назад

@Sunday Macaroni Exactly which is why I will always recommend Expert Arjun B Jagat to all Newbies/greenhorn interested in making bigger profits on crypto. He is reliable and profitable

@arktom7335 2 года назад

I have heard a lot of investing with Mr Arjun B Jagat and how good is he, please how safe are the profit?

@thibauddrion8501 7 месяцев назад

This mark cubain story is absolutely mind boggling

@glennalexon1530 2 года назад

Wow- he turned a $100K student loan into a company that loses money. Way to redefine success, CNBC.

@iuseyoutubealot 2 года назад

wdym loses money

@nick_0 Год назад

u know companies aren’t gonna be net positive as soon as they start right? 😂😂 investors know this, relativity obviously has a viable business plan

@thebrainpal Год назад

1:53... Man this guy is overpowered as fuark 😂

@omegajonathan4754 2 года назад

I must also Be like this guy when I grow up but it is hard cause I’m in uganda but I also want to be an engineer

@kakerake6018 Год назад

lmao jeff says the exact thing i imagined him saying

@SinCity4o1 Год назад

This guy's story seems like a story fit for a villain's sidekick that will soon become the villain.

@morrisjowas5039 2 года назад

Very inspiring. Maybe you could stop this whole 'wrote the idea on restaurant napkin' cliche though.

@Rashaadthegr8 2 года назад

Talk about when your idols become your rivals.

@user-ce2il5ct5i 2 года назад

MGK-Eminem

@AakarshNair 2 года назад

insane

@amsthe3rd 2 года назад

Goes to show: ALL dreams have to be big. Can't sit on small ideas and expect them to move. Congrats!!

@corail53 2 года назад

No - all this shows is that if you use the correct buzzwords have a lot of connections in the VC world you can get given a ton of money for what is essentially vapourware in the current form. This business will hemorrhage money for years to come and rely on funding rounds to stay alive.

@amsthe3rd 2 года назад

@@corail53 We appreciate your take but that's only a spectator's perspective. A quick paraphrase of the grueling work and learning that was invested by this young man. In any event, we meant that small ideas seem to NEVER move. They don't motivate individuals nor attract an audience. This company likely WILL lose much money early on. But if it takes off... That possibility is what excites the crowd. Buzzwords have their utility.

@Djfjfjrhhrjrhrhfj 2 года назад

Gunna be awesome when future generations get to have interplanetary wars when the humans who live on mars decide to invade earth when the first disagreement arises.

@911Salvage 2 года назад

He hasn't made it. He's just getting started.

@mountainman6172 2 года назад

SV/SF echo chambers: Raising fund for your startup = You made it Then you ask them, What about Profit, Sir? VC and their minions founders= Big man, we don't do that over here. It is a glorified rug-pull imho. The public market will invariably end up holding the bag.

@filippocucina7001 2 года назад

GOO!!

@XO43137 Год назад

Yes. Engineers are highly underestimated. And I studied architecture ... It taught me how to desigñ a currency that values creating sustainably. That's good. :)

@user-dr2pg8fk2i 2 года назад

The napkin story? Sounds like a trope.

@tibsyy895 2 года назад

Hot Air!

@PierreEpage 2 года назад

Many a great idea... started on a coffee shop napkin

@amjads8971 2 года назад

Lol mark just took him to enter into space technology just because he had worked in Jeff Bezos' space company for short time. This dude benefited from the elite's fight

@RocketCarpenter 2 года назад

Its not cliche, sometimes it is in those unplanned moments when Ideas come up. I agree with you it sounds cliche though

@Rashaadthegr8 2 года назад

We the same age and I am debt free. Time I step my gam up.

@AntonSlizzardhands 2 года назад

One billion dollars is a ton of money. I'm curious to know his company's debt to income ratio.

@williambardsley7540 2 года назад

Probably very negative, as its highly unlikely they have a positive net income and probably have lots of debts. The $bns valuation is not tradeable as well its just a dumb number came up with PE/VC people to try and pump up the stock as they go through funding rounds.

@temper44 2 года назад

Why does their debt or income matter at this stage, they don't even have a product yet.

@raul9937 2 года назад

Time horizon is way longer. This is like building roads into uncharted territory, its category shaping. This is where the venture part comes into play.

@corail53 2 года назад

It's going to be all debt - no income for the next decade at least. These guys are going to burn through all the current cash and it will be yet another company solely surviving off inflated funding rounds.

@corail53 2 года назад

@Richaroo Which is such nonsense. It is very stupid how that became a thing and we are currently seeing how that has played out. All these insanely high p/e tech darlings are getting slaughtered in the markets because they have nothing and no moat.

@chipsun2504 2 года назад

How to make it next, We just need a space 3D printed nft blockchain that does machine learning while in flight and sell that to all genius on the internet.

@Applesauce56 2 года назад

Is there an IPO yet from this company

@jocksavage3911 Год назад

I didnt think Cuban was that SMART UNTIL NOW.... also

@jeffw8218 2 месяца назад

They have raised 1,300,000,000 and haven’t had any successes so far. As of now, this company is closer to Juicero or Theranos than it is to Rocketdyne or Northrop Grumman.

@anc2242 Год назад

…..that napkin is the key

@johnpatrickoldfield534 2 года назад

Always tricky about who to ask for funding.

@maribethcondrillon1079 2 года назад

Yes 🥰

@dogefromthefuture Год назад

Imagine being valued at 4.2 billion dollars without successfully launching anything and having a company logo that looks like a uterus 👍

@dogefromthefuture Год назад

Bernie madoff: scams millions This guy: Hold my beer 🍺

@p-i-n-k5960 Год назад

guess what

@jocksavage3911 Год назад

"there is another Skywalker..."

@shawnthomson9109 2 года назад

"Bezos, Musk, Branson" 🤣 It should be "Musk and those other dudes" 😎

@Yomamaissoo 2 года назад

I bet this week his market valuation is cut in half :)

@perspective8369 Год назад

Finally another ceo like Elon musk. Someone who understands the problems at hand and works to solve them and doesn’t care about money

@endofdays7568 11 месяцев назад

Its a viable business model

@HandlewasNo 2 года назад

How can I short this before they go public?!? Seems like shooting fish in a barrel

@celdur4635 2 года назад

Fund and or hire Engineers when the objective is to push technology forward, hire MBA's and accountants (the unscrupulous ones) when you want pure profit but, beware that the company will get behind in tech vs the competition in the medium to long term.

@RaymondSamuray Год назад

Rocket Lab ?

@REMOV28 2 года назад

I'm half way there...I'm only 50k in debt

@jes6628 4 месяца назад

So am I getting that correctly? I’ll be honest I didn’t listen to every word I was doing other things, but did Mark Cuban get into one of the future biggest names in space for only $500,000?

@ransomzac 3 месяца назад

Yeah he has a habit of making good investments

@jeffdorris5321 2 года назад

🕶🙌

@sarveshm6779 2 года назад

ok, now i need Mark Cuban's mail; coz i wanna start my own company.

@chuckscott-cy7iq Год назад

Have u found his email yet?

@dg_dotnet9616 2 года назад

If tim cook and elon musk had a son . thats it !

@maribethcondrillon1079 2 года назад

Wow 💕 it

@xenialvirtuoso 2 года назад

$4.2 BILLION? They don't even have a single launch! If that's not hype, idk what is.

@no1no1655 2 года назад

the young man thinks like a billionaire. I predict he'll be there.

@corail53 2 года назад

Most likely not.

@pj5295 Год назад

@@corail53 he literally just launched a rocket few days ago, most likely he will be a billionaire, that is if he isn't already.

@Narwaro 2 года назад

Wait internships can be paid?

@dawidwtorek 2 года назад

Yeah, but how much do they make in terms of revenue?

@dac8939 2 года назад

2 cents

@corail53 2 года назад

No revenue. We are looking at a zombie company in the making.

@leonardfoster2155 6 месяцев назад

So can i have that email i need funding over at LFP Space.

@playframe6231 7 месяцев назад

"Im one of the richest people in the world" as an explanation for something is very telling that it is a vanity project for him, not a serious effort.

@dac8939 2 года назад

Easy. Just a small loan of a million dollars

@DynamiteSushi325 2 года назад

Tim will be the next Elon Musk. 100%

@georgeb.3292 2 года назад

Nahh

@xpengfangirl7942 2 года назад

what do you mean, the goal of humanity is to have 1 trillion dollars? and 9 billion sheep will be happy to give all their money and not have their own space ships to explore the galaxy with?

@killercon2735 2 года назад

@@xpengfangirl7942 'sheep' 🤓, youre so woke

@corail53 2 года назад

No one will know his name in a month

@xpengfangirl7942 2 года назад

@@corail53 Spyros Panopoulos

@corail53 2 года назад

Not worth 4.2 billion$ - VC folks are out to lunch with these valuations.

@ariantamunthe9391 2 года назад

Thanks Elon for Making Space Business for Private possible

@rustlerboi1052 2 года назад

A lot of this is oversimplifying how a rocket is made. They have an overweight vehicle (so far) that hasn't launched yet after over a billion in funding. I think "if" they succeed, it's because they pivot towards simply doing the right thing to get a rocket to orbit, and making an incremental improvement on 3D printing.

@gatecrasher1970 Год назад

elon is an alien nobody human could have ever made those schemes up

@lulemuhammed2260 2 года назад

Intro to rocket science. Elon ur the best

@idonotlikethismusic 2 года назад

The interviewer needs to do better. Calling something "insane" and "crazy" is middle school talk, not how a professional journalist should be discussing his topic. Otherwise, kudos to Relativity Space.

@avefreetimehaver5154 2 года назад

This sounds more like a dig at amazon and student debt more than anything else.

@chrisr326 2 года назад

These stories seem to have Nudge-ing embedded in them. Agendas

@dkbb12 Год назад

In celebration of Relativity's historic first launch! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-dMnf9xDCn0s.html

@namudoreen2430 2 года назад

Hello guys greetings from Uganda please support us with food

@chuckscott-cy7iq Год назад

No. Help yourselves by not making babies that you can't afford to feed.

@businessacc3779 2 года назад

How much is $3000 a month in your country's currency mine is k54000 practically what people make a year

@bubumic2971 2 года назад

If it breaks i have the solution but it costs you 100.000.000 $$ :)

@timbocracy Год назад

That Starbucks napkin was a lie. Everyone says that

@peterkovacs4 2 года назад

History taught me to look around twice when white people start to build rockets.

@ravaz1 Год назад

Another front company

@xpengfangirl7942 2 года назад

anyway, AI soon conscious and will just shave these fake MakeIt heists, Rocket launching is so great for humanity, fireworks were always fun.

@teenytinytoons 2 года назад

If you’re telling me this is nurture, gtfoh. This was clearly nature. People in their 30’s and 40’s don’t even know what they want to do in life. Some people just have their path laid out from the day they were born.

@forfucksakecomrade 2 года назад

Im inclined to agree with you but just to play devils advocate, do you think it was his natural curiosity or his surroundings that played a bigger part?

@teenytinytoons 2 года назад

@@forfucksakecomrade it started at an extremely young age. Most children experiment with different things. Very few children just stick to one thing at that young of an age imo. I think both nature and nurture will always play a part but I think In this case I feel it is heavily skewed toward the natural side. I will give him credit as an adult for recognizing and maximizing this natural curiosity in this one domain though. But nah. He had it made from the get go.

@neslymarcellon5744 2 года назад

This is one of the steps for Rise of the machines. Let an AI get full autonomy and they will come back from mars and invade us..lol..

@cold7564 2 года назад

Then Elon ends up buying this company 😂🤣

@xpengfangirl7942 2 года назад

we want Elon to buy the world up? Is that where we are going to?

@akashsaini100 2 года назад

LEGO..... thats an expensive hobby !

@BobSmith-jf8dt Год назад

RUG

@savannahmiddlefield616 2 года назад

This startup has no real competitive edge. 3d print is cool… but where is your rocket that actually fly? Probably get the same fate as blue origin… gonna fly no real rocket.

@xpengfangirl7942 2 года назад

so 5 billion in other people´s money, what is the payback? How many square feet do we want, a trillion feet, to show we are "big"?