I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.
Elon MuskRead
There's a silly notion that failure's not an option at NASA. Failure is an option here. If things are not failing, you are not innovating enough.
Interpretation
Failure is a necessary part of the innovation process at NASA, suggesting that without it, true progress cannot be made.
Elon Musk emphasizes that failure is a vital component of innovation, particularly in advanced fields like space exploration. Rather than avoiding failure, NASA embraces it as an opportunity to learn and improve, indicating that taking risks and striving for innovation often lead to setbacks, which are essential for groundbreaking advancements.
In practice
In a speech about embracing challenges in a technology conference.
I tend to approach things from a physics framework. And physics teaches you to reason from first principles rather than by analogy.
The United States is definitely ahead in culture of innovation. If someone wants to accomplish great things, there is no better place than the U.S.
The space shuttle was often used as an example of why you shouldn't even attempt to make something reusable. But one failed experiment does not invalidate the greater goal. If that was the case, we'd never have had the light bulb.
The reality is gas prices should be much more expensive then they are because we're not incorporating the true damage to the environment and the hidden costs of mining oil and transporting it to the U.S. Whenever you have an unpriced externality, you have a bit of a market failure, to the degree that eternality remains unpriced.
Man has the power to act as his own destroyer - and that is the way he has acted through most of his history.
I've actually made a prediction that within 30 years a majority of new cars made in the United States will be electric. And I don't mean hybrid, I mean fully electric.
We know where most of the creativity, the innovation, the stuff that drives productivity lies - in the minds of those closest to the work.
What makes the United States great, the reason people wanted to live in the United States, move here still, is because of our ability to innovate.
Creativity is every company's first driver. It's where everything starts, where energy and forward motion originate. Without that first charge of creativity, nothing else can take place.
I believe innovation is the most powerful force for change in the world. People who are pessimistic about the future tend to extrapolate from the present in a straight line. But innovation fundamentally shifts the trajectory of development.
For a long time, I've ranted against naming your startup community 'Silicon Whatever.' Instead, I believe every startup community already has a name. The Boulder startup community is called Boulder. The L.A. startup community is called L.A. The Washington D.C. startup community is called Washington D.C.
Do you know what my favorite renewable fuel is? An ecosystem for innovation.
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