I started watching this with the intention of mocking it or poking holes in it. After watching and doing additional research I was surprised at the progress and sound basis for the business. Also very impressed with CEO Will Bruey.
They lost my respect at 5:39 when they started discussing how this technology could possibly be used to extend Merck's patents on their cancer drug. Profits above all else, even relieving human suffering.
The European continent desperately needs a reusable rocket company, a lot of academics in Europe do space stuff and their only way up is Rocket lab or SpaceX.
They can probably set up a Mediterranean Starbase and pay SpaceX to send up rockets for them pretty easy. Way cheaper than developing a rocket of their own. Either that or go for the holy grail and lease land for an equatorial Starbase in Kenya.
@@anydaynow01, that's some good thinking. Elon is a simp for state money so we could just give him a couple of hundreds of millions for opening a new Starbase and he would probably do it. But the question is, would the price per launch be higher than in Texas or stay the same. The contract should stipulate a maximum price per kg launched for at least 10 years. So we either have some time to catch up to the Americans or are at least able to launch what we want into space for that period of time.
@@michasasak1609and why would he agree to a price cap? It is essentially a monopoly, he can set the price as high as he wants...else he won't do it...
They made glass beads that were "bubble jetted" in a vacuum, under micro-gravity. Having and exact size bead on a glass slide is very handy for microscopes. Millions of them in a small vial.
Humans are awesome. I can't imagine what the world will be like in 2170 when so much of our current nascent projects and industries will be fully fledged by then.
0:01: 🚀 In-space manufacturing is a growing market with potential for significant growth in the future. 2:50: 🚀 Varda is using a spacecraft made of three main components to autonomously manipulate materials in space for protein crystallization, which can improve drug formulations and delivery. 5:37: 💼 Varda aims to revolutionize drug manufacturing by conducting it in space, offering potential financial returns and retaining patent rights. 8:08: 🚀 Space Forge aims to manufacture more efficient semiconductors using materials like gallium nitride and silicon carbide. 10:45: 🚀 Space Forge plans to use in-space manufacturing to produce semiconductors and other materials, with the potential to disrupt multiple industries. 13:22: 💼 Varda and Space Forge are working on manufacturing in space, but face challenges in reentry and FDA approval, and don't expect initial profit from manufacturing. Recap by Tammy AI
I used to do IT work for the local sheriff. They straight up said that the red tape to get a relight ticket thrown out was so convoluted and deliberately obtuse that even for the officers it wasn't and option to get it thrown out. The quote I heard from the guy in charge of the program was "i would rather pay your ticket than go through that process". Never underestimate the greed of far off corporations
@@themedicalmarvels lol sorry. This was meant for a completely different video. No idea how it ended up here other than bad UI design in the android app :)
Our highschool rocketry team just took a tour of the SpaceX California facilities. It is most definitely a factory. They are pumping out rockets like iPhones.
This must be an error at 1:53, saying that the number of patents referring to microgravity has increased "tenfold per year between 2010 and 2020". Google patents lists 193 patents containing "microgravity" filed in 2010, which would imply over 1 trillion such patents were filed this year.
Yeah, I think they meant to say tenfold between 2010 and 2020, rather than per year. English doesn't seem to be that guys native language, so it was probably just a mistranslation.
Imagine space station based meant for food, medicine, manufacturing and resource refining, all from space stations constructing it in space. It’s the future!
Space, adding a gram of hazelnut to the vat, making another form and colour pill.... people who want to keep earning bilions in revenue get creative af.
11:51 material for ~900k semiconductor devices per mission. And mission costs ... how much? Say $20M. That is tens of dollars per device in some of the required materials only, not the cost of production. Those must be some _very_ high margin devices...
@@PetrGladkikh well not now but there could be a time where we could get materials from the moon or able to capture asteroids from near earth or passing by like aphophis so well when it comes to this you need to think a lot of factors also we can use 3D printers to make capsules to send back to earth and keep a permanent mini factory in earth orbit
Neat potential efficiency boost for semiconductors. That said - It will eventually make a lot of sense to eventually move many supercomputers used for modelling, neural net compute, etc. off planet. Anywhere a relatively small query leads to heavy computation resulting in a relatively small result and latency is less of an issue.
weird that this story ignores the 1 leader in the space, Redwire... redwire has this same crystal manufacturing facility on the ISS right now, and a 3d printer making cardiac material for a human heart, robotic arms, roll out solar panels, and much more
This is hilarious because I am writting a scifi story that does just that. EPIC that I was literaly writing it this morning that exact detail. Honestly just to be able to weld without equipement is freaking huge
@@phillipjones4279true, but as it burns, those chemicals are released into the atmosphere. So while chunks aren't hitting people, there's still the potential problem over time of harm as these things build up. While I don't think it means we should stop, it's certainly something to take into consideration and work to reduce.
@@tracy419 do you understand what the term parts per billion? Every breath you take has trace elements, but they have such a small amount that they don’t affect you. We are talking about a few hundred pounds of metal spread out over a continent and 60 miles of atmosphere Let’s say it takes 500 miles to break up times 60 miles of air with a width of 20 miles that’s a hundred pounds of metal spread out over 600,000 cubic MILES of air That’s .00016 pounds of metal every cubic mile - there is a lot of air in a cubic mile
I would argue that their motive proves opposite to anything good about humanity. For example their target whale for this is pharmaceuticals and they are most lucrative because of low ethical and moral conduct. This is a race for more profit and investment money. Nothing in this screams or seems to resemble something to love about humanity.
Unless it becomes more than animations and stock footage, I remain highly sceptical that this will be ready by the early 2030's. Also the manufacturing will be limited by space & launch costs.
except for the part where it's gonna be like a handful of launches, and then they plan on replicating it on earth, so no more launches, this means the cost is gonna offset over time, it's not repetitive sustained launches
Yeah it’s the last frontier we as Mankind haven’t yet fully screwed up. Let’s put up more space assets up there. Kessler syndrome’s is a mere fallacy. Great one 👍 Humanity. We are the best and wisest.
They manufacture an old cancer medicine in space due to the lack of gravity and near vacuum being a pristine and sublime environment for crystal formation, allowing for the new, better version of this cancer medicine to be implemented in a easier method for the patients, saving time and money and effort for them and for the doctors. Did I got that right?
I wonder how will this affect space pollution around Earth. If things continue as is not only will we accelerate the likelihood of mission failure for subsequent launches of this nature. It could jeopardize potential future missions away from Earth. Are there any considerations for this?
Space debris is mostly a problem caused by mid to high orbit vehicles that will spend years or decades in orbit. If the intention is for the vehicle to be in LEO for only a few months, then pollution becomes far less of an issue. This is because any debris will reenter the atmosphere much, much sooner.
Responsible end of life for space missions has been part of curriculum for aerospace engineers for some time now, at least in the US. It is also federally regulated. I believe all missions must now either have enough fuel to deorbit and burn up or push to a "graveyard orbit" where they will not obstruct or interfere
@@jameskelly3502why wouldn't it not work? It's just for launching satellites? You know the funny thing about starship is reusability and crewed versions. People forget it's expendable if you want. And that means deep space missions don't need to focus on the same lunar Lander costs I'm sure full reusability will work but it's not completely necessary for every mission
Great. Keytruda can now make me throw up in my doctor’s office or in my home instead of a hospital…That is definitely worth keeping the price at 5,000 instead of $1. I’ll save the money and sit in the hospital, thanks.
Varda's entire business case is predicated on how utterly immoral and unethical the preexisting privatized healthcare system dominant in America is, which is definitely something I'm super duper keen on investing in. Like, what... American boomers really do go out of their way to prove how utterly morally bankrupt they are like it's some kind of flex, I swear.
@@CausticLemons7 It's less so. They still hold monopolies, but the amount of leverage they can get away with in the US via captive markets is actually insane. Insulin is one of those issues. There's good reason why insulin is so expensive in the US, but in the UK the NIH negotiates the price and thanks to the fact that they are the only sole buyer, they can have leverage. Meanwhile, the richest country in the world, the US, has people sharing their last supply of insulin just so they can make rent
@@thanhavictus Not disagreeing but you didn't answer my question. Outside of the US, are there pharmaceutical companies that are both relatively large and profitable? If that statement is true then Vardas business model still has potential. Regardless of all that, if space manufacturing can improve human medicine then I believe it is worthwhile anyway.
@@thanhavictus Its not like that. Yall pay for health insurance through taxes. Your government negotiates the prices. We pay health insurance through insurance companies. Insurance companies negotiates the prices. If your not with a company, then the prices are often times insane. The problem with American pharmaceuticals like insulin isnt because of the privatization model. Its because the FDA enforces litteral monopolies. Right now, insulin companies game the patent system so they can perpetualyl release the same product and hold the patents, while making it impossible to have generic alternatives. Same with eveyr other drug. I am not kidding when i say this, if the FDA was abolished and patents were fixed, American medication would be the cheapest in the world. Negotiating medication prices is still goofy. Even in countries with universal healthcare. If you think the American military is wastefull with its funding, imagine how wastefull a universal healthcare system would be in America.
The next big literal gold rush and a bunch of other rushes is going to happen in space. What’s rare on earth is common up there. This is how we’re gonna save ourselves from tearing up our planet and turning it into to unliveable mess
So smart. The problem for manufacturing is the carbon emissions but if we move the factories to space the emissions just go somewhere else and save the earth. Love this
“The hotter a semi conductor gets the worst it performs” is not true at all It needs to heat up to perform better, yes it needs an optimal temperature and overheating it’ll stop itself But it needs to be hotter for max power
I love the idea of space industries. For humanity to spread into the solar system, it would be a necessity. Earth is in the midst of a large extinction where animal life has declined on average 69% just since 1970 (excluding human animals) including flying insects responsible for pollinating the flowers of our most nutritious food products. The faster we can get industry off the Earth, the better. The planet's ecosystem is suffering badly reducing the diversity of life that supports as a whole, all life on Earth including us. Moving into space along with intense conservation practices may avert disaster in the near future. M.E.G.A. Make Earth Great Again!
If the pharmaceutical industry is lucrative enough to deal with distribution costs and drug development in space, you know we have a problem. IMO, 90% of health issues and chronic diseases could be avoided if people stopped eating processed foods. People underestimate how much processed foods they actually eat and they also underestimate the health consequences associated with its consumption in the long and short term. Not to mention people are addicted to it and don’t care enough about their health to actually try cutting it out of their life. The 20 minutes of pleasure they get from eating pizza and burgers outweighs the cancer and cardiovascular disease they’ll get from it down the road which is just sad. I relearned to enjoy the flavor of simple fresh ingredients. Fruits and vegetables actually taste delicious when you’re not habitually overstimulated by processed foods that are created for maximum enjoyment.
Varda is not even making sense as a business model at all. He said they have 4 experiments per year. Space forge has 750,000 samples in one flight. Varda is a middleman in drug manufacturing, increasing the price. What are they solving the executive pay crisis???
find that suprising that talk about a 70 employees compagny (Varda) then a 15 employes (space forge) but don't mention Redwire (well, half a sentence, just saying they exist) which have over 700 employe is a public traded enterprise having product already sold like deployable solar panel like the irosa on iss, that can be sold on satelite with a 3d printer to print the solar panel boom in space, and is also working on bioprinting in space or in pharma.
Well let’s assume starship is going to be ready by then it can lift 100 metric tonnes of material to earth orbit and 900k per launch of fuel lets add a million for random stuff so I think it’s worth it 100 metric tonnes worth of microchips is a lot let’s say 20 metric tonnes of it and the rest is simply mechanical
I don't understand these technologies improvements all I know is they're doing something in space I love everything about CNBC your music voices particularly Magdalena your voice is awesome
This is Theranos 2.0. They create a dubious process, for a product that doesn't exist, that will never bring the return of investment or make a sound business model. But all the mumbo jumbo that the vast majority can not understand will be enough to bring investors. Buyers beware
Delicate crystline structures, like those in medicines or semiconductors, can more effectively form when not being subjected to the Eath's atmosphere (think of those floating water droplets seen in ISS footage). So far, we have not found a way to cancel out gravity while still on the ground.
So cost of medicines will skyrocket too. How is that impossible to achieve with making microgravity like environment on Earth? Cost of sending a rocket to make a little bit of drug seems too mindblowing
Thing is, I just don’t think there is enough room up there right now for all this. I mean people don’t realize how lots of junk has made orbit congested
Oh, right... We'll just build stuff in space! So, the materials and equipment needed for production will just be trucked in using tractor trailers with experienced freight carriers rolling along the highways, right? Ohhh... No, they're going to have to be launched into space to get to the factory. Boy, I wonder how much it costs to send a kilogram into orbit... (and return it safely to the Earth - to then be trucked in using tractor trailers with experienced freight carriers rolling along the highways). BWAAAHAHAHAHA!!! Yes, and angels walk among us. Wop wop.
