YouSaid · the spoken record

Marc Bell

lines on the record: 53
first: 2021-12-26
most recent: 2021-12-26
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Sure. People can learn more about Terra Orbital at Terraorbital.com. I finally got a Twitter account. I'm at Markbell. Mark with his seat. And I look forward to hearing from everybody.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“A better system, a better way of doing things. And eventually the numbers are proof of their own. As long as you keep meeting and exceeding Wall Street's estimates, you will continue, the street will continue to support you. Between my business partner and I, we've raised over 10 billion of equity for a wide variety of companies and over 100 billion of debt. This will be our 17th company we've taken public together. And this will be our fifth unicorn. So we've had an immense 30 plus year career of building great businesses.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“I view it, you always been on the jockey, not on the horse. And that's one thing. And I always, I love a management team. You know, when they start telling me how they're going to go IPO, I always remind them, statistically speaking, you have a better chance of getting struck by lightning than you do of going public. I think it's a one in 330,000 chance against struck by lightning versus one in 3 million chance of going public, something like that. I always go to CEOs and I say, look, I'll give you the money, but I want you to personally guarantee it. Those who say yes, not that I want them to, but those who say yes, I know they believe. Those who be like, no, I'm not going to do that. They don't believe. So, you know, every business I've gone into, I've gone in head first and Beth the Farm many times on Globix I bet the farm and many others I've bet the farm and had a few close calls over the years, but it all works out because I believe I believe I was building a better product.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Atlas space, analytical space, Ursa Majors, Leo Labs. The goal was to try to build an ecosystem of different companies that can all work together. And most importantly, companies that I know could succeed. We weren't trying to mine asteroids. We weren't trying to build a lunar colony. I'm trying to make money. And like we sold, made in space, we sold Nanorex, things that we can monetize and things that are real businesses run by real people. And that's kind of how we look at these things. Not looking at Pie in the Sky stuff, even though it's all in the sky.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“There's an expression successes are very public and your failures are very private. You know, we've been very lucky. We've invested in a lot of great companies over the decades. I think at one point we had investments at $156 different companies. We did seed Series A, Series B. We used to own a lot of websites like Earnings.com, which we sold the Thompson Financial to Edgar Online, which we took public, did Armor Residential. I'm sorry, we did Javelin, a residential mortgage, which we sold to emerge with Armor Residential Read, did our spec called Enterprise Acquisition, which became Armor. We are in space. We were very active. I was trying to build an ecosystem. We invested in the GP and Space Angels, and they have been amazing. And through them, we met a lot of great companies like Made in Space, Nanoracks, Hawkeye 360.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Never met the man, but I could tell you he's obviously brilliant. Everything he touches turns to gold. And they are a very reliable partner of ours for launch. Their rockets don't blow up. And that's always a key metric. And they go where they're supposed to go, which is a key metric. And at a price, that is great. So we've been very thrilled with SpaceX and a product and the quality of service they've been giving us. So not all our complaints on our end.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“I never looked back. And it's been a blast doing it. And I'm going to keep doing it. I signed on for five years to stay on as CEO. I just started in March. And my business partner ran it for the first eight years. And then he goes, tag you're it. And so I said, look, if I'm going to do this, I want to do it big. And he said, and I said, knock yourself out. So here we go.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“County Clint Eastwood did turn Jersey Boys into a movie and a Mael Street started in August Association County when we turned that into a movie. It was Jersey Boys won a Grammy Award and I have a gold record and platinum record sitting outside my office from it and all the Association County won a Pulitzer Prize. So it was something fun, something different, but definitely not a passion. But it was definitely being a native New Yorker, it was very entertaining to do. As my mother dragged me to these shows when I was a kid involuntarily. But now I look going forward, you know, with space as all.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“21 years ago, I tried to retire and I realized I don't play tennis. I don't play golf. And I was really bad at golf. But I liked working. And so I went back to work. And some things were done just for fun or just see if I could do it. Doing the Broadway shows like Jersey Boys or August Association County started off as a goof. Someone asked me if I wanted me to do a Broadway show. And I'm like, I don't even like Broadway. Why would I do this? But, you know, I said, if I'm going to do it, I'm going to do it with two conditions. One, I want to win a Tony Award. Two, I want to make money. If I can't do both, I don't want to do it. And my buddy goes, done deal. That's a joke. And we did it. Jersey Boys was our first show. It was a billion dollar show in Broadway. And then he said, we should do a play next. And I was like, okay, so we're going to put same two rules. Gotta win a Tony. Gotta make money. And we did August.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Northrup or a million other places, but he chose us, or David Mann, who ran missile defense for the U.S. Army. And he is another person that's just, you know, he could have gone anywhere and he came to us. And they're all coming to us along with a lot of other colonels, lieutenant colonels, and all these people whose service were very grateful for because they were the customer, they were on the other side, and they see the products that we're building and all the products that are necessary to keep the warfighter safe and to serve our country. So it's thrilling to have such an amazing pool of talent kicking around.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Is by design and by luck. We have a lot of amazing former military leaders like retired Major General Roger Teague, retired Admiral Barr Stacker, retired Lieutenant General David Mann. These people were the customer and it's a testament to what we're doing here. So Roger left Boeing as the head of space intelligence and missile defense to come to us. He left the world's cushiest job to come work for a startup running defense and intelligence. Why? Because he knew the future of what we're doing is tremendous. And he ran old space and space procurement for the DOD and the IC community when he was in the military. If you look at Barris Becker, who was a rear admiral, he ran all space for the U.S. Navy. And he came straight from the Navy to us where he could have gone anywhere. He could have gone to Lockheed, Boeing,”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“You know, there's lots of play, unfortunately there's no great place to get up to speed. There are lots of websites like satellite network news, like space news. You've got lots of analysts at the banks that are writing pieces that are getting better every week. But there's no real depository. There's no real go-to that you have for space yet. You have people doing different aspects like via satellite, discovering satellites, but there's no, this is a must-go-to place to learn everything you want to know about space. It'll happen, but there's nobody yet.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“And it's just phenomenal. The quality of it pictures that we're getting back on a demonstrator that we built. And so it's fun. You know, if you wake up every day and go to work and say, wow, that was a fun day. And you're doing great things and you're keeping the country safe. You're checking all the boxes at the end of the day.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Retail investor as well. It's exciting to wake up in the morning and we solve problems. People come to us with a problem and we figure out how to solve it from space. And we get to work with some really amazing technologies and some really smart people. And it's fun. It's very exciting to go to work every day and do what we do and see things go into space and see them work. And it's not too often. You get to be like, wow, we're putting something to space today. And we've done that, I think this year. We've put, oh gosh, I mean, you don't have any satellites into space this year, a lot. And it was great because in all different kinds doing different missions, different things. We did one called SV2 with Lawrence Livermore National Labs that were super excited about because we're taking optical imagery of the Earth at a fraction of the cost that's ever been done before at our resolution that's never been done before.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“You know, if you look at space facts, everybody tries to group spacs in one bucket, and you can't do that. You have space facts have been an outlier in a good way. Rocket labs have 3% redemptions. Planet had 2%. Space is becoming an asset class. It's become, you know, when people are finally acknowledging it, banks are finally bringing on analysts to cover space. They're bringing on investment bankers to bank space. It's becoming an asset class similar to automotive, similar to Arizona Defense, similar to consumer goods as we become an asset class, you know, people want to own part of it. It's exciting, don't get me wrong. People are excited about space, but they also know it's the future. And, you know, there are very few things out there that have a lot of hope in the future like space does. And so we're very, we're seeing a lot of excitement from not only the institutional investor, but”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We just filed her S4 during Thanksgiving. We wait for the SEC comments. We'll do a few rounds of comments with the SEC. Once we get cleared from the SEC, then the SPAC will then go for vote. And that takes about 30 days. Once the vote is cleared, we're a public company. So hopefully by the end of Q1, in a perfect world, we'll be public.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“You know, I lose yo. This is not the first company we've taken public and we understand the need, you always talk about you always want to leave money on the table because you know you're going to make it up down the road. You know, you want the institutional investor to feel there's a value there. We could have gone for pie in the sky valuation, but we try to be pragmatic and look at it like, you know, we wanted, you know, we know we're going to perform. We know we're going to deliver. And we want institutions to get interested in what we're doing, invest in the company. But we are, you know, but we're comfortable with our numbers. And, you know, whatever we gave up today, we're making up tomorrow. So we're not too worried. So, you know, stock price only matters the day you sell.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We picked Tailwind. We did a bake off of a lot of different specs. We liked the experience of the management team there. They were very entrepreneurial. They'd built their own businesses. They got us. They understood us. They understood what we were going through. They had a lot of experience with technology and they had some exposure to space in the past. And so it was a very easy conversation. And that made it a lot easier because they understood what we were doing.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“So, all in for building it, launching it, and running it for five years is about $20 million. And at that same time period, we'll get about $120 million of revenue.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“I mean, we'll see margins going in 2021. We're looking at a gross profit margin of about 26%. But as we get into a SaaS model with data as a service, you'll see gross margins hitting 75% by 2026. And so the data is a very, very high margin business. The sally margins will also improve. You know, you will see some price compression in terms of the satellites, but margins will improve faster than the price compression because of automation. So we will get more sophisticated in our manufacturing process. Right now, a lot of it is by hand and bespoke. But now we're getting to a point that we're standardizing buses and standardizing satellite buses for all different sizes. And by doing that, we're able to build them in mass and build them at two-thirds of cost.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“It ties to we do lots of creatives with the US government, cooperative research and development agreements, and we do them with everybody from Lawrence Livermore Labs to Jack Propulsion Labs and many other U.S. funded entities. That gives us access to research and development. It gives us access to technologies that these commercial companies don't have. So we keep building our technology base internally that we're able to build superior products on a commercial basis.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Well, you've got to compare apples to apples. So planet is selling data as a service of their satellites. We're not selling any data as off a service. Now, our revenue numbers today are 100% manufacturing. It's a totally different business than what Planet does today. So you can't really compare that. You've got to compare our satellite solution, our Earth observation solutions business to that, but that doesn't get going for a few years. So they do have a head start, but will dwarf them in size revenue-wise once we're operational. And if you look at their projections going forward in ours, we're pretty confident about where we're going.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We're very lucky in a lot of aspects. So when you think of the new facility being built, that's being funded by the state of Florida. So that money is coming from Florida. It's not going to be We have facilities in California today that can handle it. And we've already begun the manufacturing process of getting those satellites built. As far as funding goes, we've been very lucky to be very well funded. We put together a very creative finance $250 million financing arrangement as part of the SPAC. With the SPAC, we will get $345 million. We have another $250 million of financing that went side by side with it. So we just drew down $25 million in that $250. And so think of it as kind of like getting the pipe in advance. And so we have constant access to capital throughout this process. So we're not capital constrained because between the three 45 plus the 250, depending how much we draw down and then 300 from the state of Florida, you're approaching almost three quarters of a billion dollars. And that's just the next.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Building silly little satellites without a lot of power and not a lot of resolution. And so we don't take them very seriously. And we're just going to augment and supplant what the U.S. government has today. That's our real mission for Predest”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Space, you have a lot on Earth. If you think Burj Khalifa, you have 2,000 feet of wide. And that's it. In space, you got 43,000 miles of wide. You have a lot of space in space. And so there's a lot of room for a lot of satellites. At the end of the day, it's really all about the application. What are people going to do? And you're going to see, just like we've seen in the past, it's going to be a boom bust boom cycle. People boomed there in the early 90s. They ran a lot of fiber. People went bust. Then people build data centers. Now they're booming again. And you're going to see that in space. Everyone's rushing to put up different competing constellations. They're going to be some winners and some losers. But, you know, for our business, the majority of our business today is we're agnostic. We don't care who wins because we win no matter what as long as people build satellites. Predasar is a unique outlier as we don't have a lot of competition. We don't have a lot of the commercial people getting into synthetic aperture radar.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“These are for all different customers doing all different things. People will be doing 5G from space to your cell phone, Interdet for your home. People will be doing all sorts of things, different ways to monitor the Earth. People will be monitoring space debris, space situational awareness is becoming a big deal. You know, if you remember the TV show Quark from, I think it was the 1970s with a garbage truck in space. People laughed. Now everybody wants it. And to clean up what's up there. And 50,000 is not a lot. If you think about it, the Earth is 40% land, 60% covered by water. And you have on that land over 3 billion cars. So you have a lot of cars driving around on a small part of the earth. And you have maybe 18,000 satellites in orbit and maybe another 18,000 pieces of junk floating around up there.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“You know, the way we view it is you always hear about all these rocket launch companies like SpaceX, Rocket Labs, talk about 50,000 satellites are going to be launched over the next 10 years into orbit. Someone's got to build them. And no one talks about the guy building them. And that's going to be us. We are uniquely positioned and with the construction of our facility out at Cape Canaveral and other facilities that we'll announce in the new year. We are very well positioned to have a dramatic manufacturing advantage over everybody else, between robotics and augmented reality and additive manufacturing. We will automate a lot of this in an assembly lined fashion. Similar to a Ford Model T, for lack of a better term. And we'll be taking automation to satellites for the first time on assembly lines.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“What's not a new step? I mean, we're taking the pizza hut approach 30 minutes or less from order to delivery. And that's what we're aiming is that you can take a picture with administratives and then get a process within minutes, then download it within minutes. So at the end of the cycle, within 30 minutes from the time someone types on their keyboard, they want something, they can have the image on their computer screen.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“This is really a niche product. When I say niche, it's been historically it's national security product. Like I said, you can Google it. You can't find any U.S. government SARS satellites on the internet. It's been a classic, it's always been classified. And we'll probably remain that way for a long time to come. I think there's only 13 stars satellites of size from other nations in space total from all the countries around the world and outside the US. that people are aware of. So we are filling a need, but it's a unique industry. It's complicated. And that's our advantage. And we've been doing this for quite a while. So we've been working with SAR for many years. And so we definitely have a head start advantage that way technologically speaking.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“When you think about what people are doing with Starlink and Internet from space, we wanted something that had high barriers to entry. And internet of Things is relatively easy to use. Internet from space has been around for over a decade. I think Iridium or maybe some before Iridium was one of the first to do it a long time ago. But software-defined synthetic obsuradar, that's new. And that's very, very complicated. It's a lot of math to design the antennas and to have the resolution that we have. And so we're very, it's a very difficult business to get into. It's not easy like 5G or something like that.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“There is nobody else who could do that to the best of my knowledge on all different kinds of platforms. Remember, we're not just building just a single kind of satellite. We're building different payloads for different people. But you're seeing people now, instead of people ordering one satellite, now they're ordering 10 or 20. And we've got people talking about thousands of satellites. Starlink was the first, was SpaceX, but we're seeing many customers now thinking about how to build their own massive constellations. And so we like EchoStar, for example. We just launched three satellites for. And that's hopefully the beginning for them of many.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Meanwhile, I can't talk to how planet does it. 85% of our components on our satellites, we build in-house. So unlike most people where they buy components from all over the place, we're building everything in-house. And we recently announced a new facility up at Cape Canaveral with Space Florida. We're going to be building the world's largest satellite assembly facility. Over 660,000 square feet end is almost a kilometer long. And that will economies of scale help drive down costs. So we'll drive down our costs and our total cost of ownership and our satellite and other satellites we build for other people dramatically over the next decade.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“It has to do with the Sar antenna being very large, so we're able to do strips and cover a larger piece of land than you can do on a smaller aperture lens. We're able to see a very, very narrow pinpoint part of the Earth. So we're able to cover a lot more of the planet with fewer satellites. And also you can remember, all those satellites keep deorbiting every five years or so. So they always got to continue to be replaced.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“For the imagery on the satellites. So the smallest satellite, the small the lens. That doesn't mean it's a bad lens. We have some phenomenal lenses that we built that are very small, but it gives you more optionality for all kinds of different technologies that when you're in a very small form factor, you don't have that ability.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Size is a few things. With size, you can have a lot of power. So you have a lot of batteries on board. So you're not married to the sun, meaning when you go around the earth, you still have enough power saved up to image of the planet and to download data to Earth. The more power you have on board, the more you can image, the more you can download. So you're not relied to always be in the sun to do it. And that is allows us to do polar orbits, not just sun-synchronous orbits. That gives us a huge advantage. It allows us to have other payloads. So we're able to take SAR and couple it with other technologies and put them on the same bus to provide also a more robust image. It allows us to do processing in space. So we'll be able to process SAR data in space, not have to download it to the Eric to process. We'll be able to have a larger aperture lens so we get higher resolution imagery and higher processing.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“There's a lot of things we can do on our satellite that they just can't do. You've got people putting up there, yo, with CubeSats, they're toys. They're cute. They're fun. But at the end of the day, the world's moving beyond that. They were great at the time, but we're building adult-sized satellites.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“So, as far as a huge head start, the US government had a huge head start 50 years ago. We're all new. And you have companies that have been around like DigiGlobe that have been around a long time that also had a huge head start. But things are changing. Just because you're the first doesn't mean you're the best. Just ask MySpace, Lycos, a lot of Yahoo, you know, a lot of companies out there, they were first, but they weren't the best. And things, you know, we've watched everybody, our satellite that we're building for predestar is dramatically larger in mass than almost all, if we take all of our competitors and combine them together, we're still larger, almost larger than all of them combined. We're 350 kilogram satellite to start, which is about the size of a small fridge. It means we have to pack a lot of power, capacity for secondary payloads.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“That pipeline is almost predominantly government programs. We're listed on a lot of programs like the NASA Rapid Rewards Contract 4. We're on the SDA's TronZero. We have a lot of programs that we're on currently. We have a lot more programs that are coming down the pipe. So we view ourselves unlike a lot of startups you see out there. We're 10-year-old company. We've been doing this with over 30 years. This is not our first company we've taken public. We are a real management team with real backlog, real revenues, real pipeline. And we have a real plan. And we're very excited. About the future.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“I mean, we expect by around 2025 Predasar will become the dominant player within Terran Orbital. If you think of it, its data is a service. So we're selling data. We're selling it on different levels. We're doing subscription models. We're doing models where people can log into our satellites directly, task them, and release them to us. We're doing, we will sell archive imagery, but we expect the bulk of our data to be real time and sold directly to government customers.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We felt on our own we could grow faster and being independent. There's a lot of opportunity. You hear a lot from Space Force and the U.S. military that they want to expand the repertoire vendors. They want more companies to come in. And the relationship between us and Lockheed is really the perfect relationship because we have old space, whereas with all the experience and knowledge that Lockheed brings to the table with the nimbleness of an entrepreneurial enterprise like Terrabital. So you combine the two of them together and we're able to have all the wisdom that we bring from Lockheed with the speed we can do at Tyback.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We can think of it as predestor as really like a customer of Tyback. Tyvek manufactures satellites. Predostaurs Tyvek is building satellites for our new brand Predasar, which is what we're called Network Gonna Own. So what Tyvek does is it's we're a contract manufacturer. We're the last independent manufacturer of smalls in the United States. All of our competitors have been acquired. People, Millennium got acquired by Boeing, Blue Canyon got acquired by Raytheon. We're the sole survivors and we have no interest in being acquired. We decided to take a different path.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“The Earth Observation Industry, if we look at it over the next five years, not including government customers, is a $35 billion marketplace. Government budgets are mostly classified when it comes to this sort of stuff. But on the commercial side, it's a $35 billion over the next five years we'll be spent.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“Hurricane to stop insurance fraud, and how many billions of dollars that would save the insurance industry. So there are tremendous amounts of applications throughout different industries, throughout different countries for this product.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We solve a lot of problems with it. Imagine never losing a plane, never losing a ship. Imagine being able to look under the canopy because with SAR, as long as you know the chemical composition of an object, you could see through things looking under the canopy of the Brazilian rainforest and telling us where this indigenous tribes, where there's illegal logging, imagine tracking missile launchers and tanks through the forests of different countries. I mean, for national security, it has huge implications for global warming. Imagine seeing every iceberg 24-7, seeing when ice falls off an iceberg and knowing how that affects the oceans. I mean, there are incredible uses of this in many different industries, even insurance. Wouldn't it be great to image the state of Florida the day before hurricane and the day after a hurricane and have a computer tell you which homes already had the roofs missing or roofs damaged before the”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“And so we call that imaging or Earth Observation 2.0. Now what we're doing with PredasAR is we're taking 1.0 and 2.0 and combining it together for what we call obviously Earth observation 3.0. Whereas we're combining imagery along with radar in a single bus to give people a complete image day or night, whether independent of whatever they want to image around the globe 24-7.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“So let's think of it this way electric optical like planet is Earth observation 1.0 people have been taking like DigiGlobe and other companies have been taking pictures of the Earth for decades and there's tons and tons of satellites in orbit from the people in the US and other countries around the world photographing the Earth every day. So we call that Earth Observation 1.0. Then you go to Earth Observation 2.0 because the problem you have is when you're taking pictures from space The joke is half the time the Earth is at night, half the time it's covered with clouds because the only way you can get a photograph from space is you need the sun to reflect off the Earth to give you the back, to give you the light to take a picture you can't have any cloud cover So you have very small windows to do it what synthetic observator does is it uses radar which can penetrate clouds it could penetrate night obviously and a computer then creates an image using that radar data and”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“So SAR was invented about over 50 years ago. It has predominantly been used by governments. It is not something that in the US side, almost all star satellites today are classified. It has been a technology that we didn't invent it, but we do like to think about that we're perfecting it in terms of we are building it into a small form factor and we're building a constellation that we're going to begin with 96 satellites. So we'll provide a very high revisit rate on a large percentage of the globe.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“We do work with our allies, but our predominant business is national security and the national interest. So we focus very heavily on the U.S. government. We have a strategic cooperation agreement with Lockheed Martin that has been immensely beneficial for both of us. We build everything from up to 500 kilograms now for Lockheed Martin. So we build the LM50 bus and others as well. And they've been a fabulous partner. We've been thrilled with the relationship and it continues to expand.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“One primary revenue stream, which is satellite solutions business. So this is where we do contract manufacturing for the US government, both for NASA, the military, and the intelligence community, and also commercial companies as well. We have built satellites in a wide variety. We're a bus provider and we're payload agnostic, meaning we'll build buses for electro-optical imaging, synthetic aperture radar, hyperspectral imaging, 5G, internet of things. Whatever you want to do will help you do it. But we started building a second business called Mission Solutions around Earth observation. It started off with a software-defined synthetic apture radar, which is basically imaging the Earth at night and through clouds using radar. And then we expanded it to include electrical optical cameras as well. And that constellation will start flying at the end of next year.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT
“It was the idea of what we could do with it. You know, I was reading about, I was at the Milken Conference and people were talking about CubeSats. And I was looking at how all these people were building really big satellites. And when I realized that my iPhone has more computing power than the space shuttle, why is anybody building a satellite the size of a school bus anymore? And so we got to the idea of how can we make satellites smaller, more affordable, technologically superior to where they are today because you think about it, most satellites in orbit today were built, especially in geostronous orbit, were built 25 years ago. You know, they were built long before your iPhone was even created. And so we are here with small sets in low Earth orbit. You're able to build satellites quickly. You're able to replace them quickly. And you keep updating the technology with every satellite you launch.”
2021-12-26 · We Study Billionaires · TIP408: A Deep Dive into Terran Orbital w/ Marc Bell · IDENTIFIED FROM THE TRANSCRIPT