00:00:00
Blue Origin is facing a major setback over its new Glen rocket exploded during a test on a launch pad last week. The
00:00:05
company said all personnel were safe and described the incident as anomaly. >> They always call an explosion an
00:00:10
anomaly. >> An anomaly. Yeah. >> Which is like calling my divorce a scheduling conflict.
00:00:16
And by the way, my understanding is not a single person was injured or killed here.
00:00:20
>> That's right. >> This is a loss of capital from a company that has access to a lot of capital.
00:00:25
>> This is a race for satellite dominance. only one company dominates at this
00:00:29
point. And so it's a setback in that they can't get dozens of these things
00:00:32
up. They can get a couple. Someone when they saw the explosion said to me, "Oh,
00:00:36
look, it's the Washington Post budget for a year." He doesn't mind losing
00:00:40
money here and he's losing money. Let's be clear. >> It's got to drive him crazy that he
00:00:44
looks like he's behind a guy who's running six companies at the same time.
00:00:47
And right now, Blue Origin is looking less like NASA and more like Neiman Marcus with Propulsion.
00:00:52
>> Yeah, it's true. But, you know, there's summer yaching to do.