Chapter 101 Pioneer One

Lin Jia understood a truth very early on: the better you are, the more opportunities you will get.

This is true for people and for businesses.

You will have a lot of choices, each of which seems to be good, with considerable returns and risks that you can control.

It's like making money without doing anything.

In fact, these opportunities can only bring you tactical victories. These tactical victories bring beautiful numbers on the company's financial statements, but these numbers cannot help the company achieve substantial growth.

Take Yahoo for example. Before Google posed a substantial threat to them, their financial statements looked very good. Their revenue, profits, and number of users were all very impressive. The large number of mergers and acquisitions showed no signs of dragging them down.

Until one year, the situation took a sharp turn for the worse and there was no turning back.

Therefore, Lin Jia just thought that the convertible bonds mentioned by Qian Jing were feasible. It would be better to turn a small portion of the idle funds on the books into convertible bonds than to put them in the bank to buy structured deposits.

But she doesn't think this is a long-term plan, nor does she feel much sense of accomplishment from such profits.

The money earned by relying on resources and connections is just a number. It cannot leverage more social resources or exert a leverage effect.

After Qian Jing left, the executive in charge of capital operations of Longi Green Energy also came to them and said that Longi also wanted to issue convertible bonds and asked them if they were willing.

These large photovoltaic manufacturers have begun to build new perovskite production lines, starting with a scale of tens of billions, and are opening up financing channels.

For them, issuing convertible bonds is based on cost considerations on the one hand and to win over corresponding partners on the other.

For example, if JinkoSolar plans to build a new perovskite production line in Shanxi Province, then a considerable portion of their 10 billion yuan bond issuance will be allocated to the state-owned capital of Shanxi Province.

As major photovoltaic manufacturers such as JinkoSolar, Longi, and JA Solar came to him one after another, Lin Jia realized that he had agreed to JinkoSolar's request too early. Guangjia Aerospace did not have that much cash flow and could only use a small portion to purchase bonds.

And the share they are willing to give is too much.

This is also a sweet trouble in a way.

Gansu Province, Jiuquan, Satellite Launch Center, Guangjia Aerospace’s first reusable rocket is being launched here.

The media and the outside world’s unfamiliarity with Guangjia Aerospace made Chen Yuanguang realize that they had to increase their publicity efforts to let as many users as possible know what Guangjia Aerospace is, what it does, and what its vision is.

In particular, asteroid mining is a plan that can last for decades and will establish a good image in the minds of the Chinese people, which will have an important positive impact on future talent recruitment.

The children who grew up watching various documentaries about Light Armor Aerospace and joined Light Armor Aerospace after further studies have a very high loyalty among these talents.

"I never thought that I would have the opportunity to interview the God of Light. Hey, Tim, what kind of image does the God of Light have in your mind?" asked cameraman Li.

As the top Up主 of Bilibili and the leader of a rare super-large team, Tim was invited by Guangjia Aerospace to participate in the rocket launch in Jiuquan, Gansu Province as a special guest.

“I had never thought about it. When the official B station notified me, I was shocked, because everyone knows that Guang Shen rarely accepts interviews from the outside world.

The interview materials of Guang Shen currently accumulated on major social media can be traced back to the release of "Once Upon a Time in Kuala Lumpur" 1, when Guang Shen left various materials when he participated in the film roadshow.

After that, Guang Shen rarely appeared in public, let alone accepted interviews. Most of the time, we heard about him from financial or technology channels, and learned about his recent breakthroughs. "Tim said.

“My impression of him is that he is awesome, nothing else.

The more I learn about it, the more awesome I think it is, the kind of person who published in Nature during college, won a gold medal for a novel, had a movie adapted from his novel gross over 1 billion, made outstanding contributions to ending the viral epidemic while studying for a doctorate at MIT, and founded two companies worth hundreds of billions of dollars after returning to China to start a business.

Just looking at the resume, I can't think of any other adjectives except "awesome" because not everyone can do any of them.

So we have to set off quickly this time, go to Gansu Province in advance, seize every opportunity, and shoot more material. "

Tim thinks this video will definitely be a hit, as it features Chen Yuanguang, the stars and the sea, and domestically produced rockets, and is filled with elements that will interest the audience.

More importantly, this will help them establish a better external image. As the only channel that can directly face Chen Yuanguang, this is even more prestigious than the Central Bank.

On the other hand, the launch time was chosen as December 12th, and Chen Yuanguang had arrived in Jiuquan half a month in advance to prepare for the final rocket launch.

Chen Yuanguang was a little nervous. The sea and the stars were a romantic thing for every man, and he hoped to do as well as possible.

"Although this time, the rocket we launched was only experimental, our requirement for it was only to verify whether our design was correct."

"The structure we designed, the entire command structure design, including whether the AI ​​technology we used can help it accurately recover to the predetermined point. The variable thrust engine, the algorithm during the entire launch process, and the data accumulated by the onboard computer during the launch process.

So this round our requirements for it are very low. Just don't explode in mid-air, enter the predetermined orbit, and it would be best if it can free fall to the predetermined area after launch. If it can't reach the predetermined area, it's fine as long as it can be found.

In short, everyone should relax, our requirements are not high." Chen Yuanguang said.

Guangjia Aerospace rented an office in Jiuquan. The office work here is mobile in nature and people only come here when there is something to do.

Because this was their first launch, all R&D personnel from Guangjia Aerospace who had anything to do with rocket launches came, filling the entire office.

After Chen Yuanguang finished speaking, Lin Tianmin, the person in charge of this project, stood up and said:
"This time we have equipped Pioneer 1 with a large number of sensors. Even if it fails, we can use the data collected by the sensors to analyze the cause of the failure and eliminate the fault.

Boss, it won't explode in mid-air no matter what.

We didn’t take a radical design approach.”

The experts at the Aerospace Research Institute are still in the desensitization period, so I can only watch their live broadcast remotely.

The launch time chosen was 7:33 in the morning.

At five o'clock in the morning of that day, at the Jiuquan Launch Center, Tim and the photography crew met Chen Yuanguang. Chen Yuanguang was wearing a plush hat and was dressed tightly. If the staff had not introduced him, Tim would definitely not have recognized him.

“Hi, God of Light. All the staff on our channel admire you very much. When they heard that they could interview you and watch the first rocket launch of Light Armor Aerospace, they all rushed to come.

We also held a lottery internally, and only those who got the chance to come here had the chance to come." Tim was also dressed very tightly, with a microphone pinned to his collar.

While he was speaking, the staff of Guangjia Aerospace were helping Chen Yuanguang put a microphone on his clothes.

"Haha, really? It's my honor. We have about half an hour to talk today. We have to enter the launch base in half an hour. It will not be convenient to accept interviews then. You can take pictures then, but you need to keep quiet as much as possible.

So if you have any questions now, I will try my best to answer them." Chen Yuanguang said.

Tim nodded: "Understood." After that, he turned to the camera and said: "I reiterate again that we don't have a script for this interview.

I will try to be as free as possible while respecting the guests.”

No script means that the issue has not been communicated with Chen Yuanguang in advance. They will definitely discuss the issue repeatedly internally before making a final decision.

“Guangshen, let’s get started. I did a lot of preparation before coming here. I know that there have been companies in China that have been making reusable rockets in recent years.

Because of SpaceX's success, everyone is trying it. What is the difference between this round of rocket launches by Guangjia Aerospace and other companies? "

Chen Yuanguang: "Previously, China's solid rockets were not bundled. Ours is China's first bundled commercial rocket. Among the global commercial aerospace companies, only Musk's Falcon 9 is a solid bundled rocket. We are the second one.

The Long March 5 and Long March 7 are strapped rockets, but there have never been strapped rockets in commercial rockets before.

The bundling type is relatively much more difficult.

After the solid rocket is ignited, high pressure is generated inside the rocket, which causes the entire rocket and booster to be stretched. This requires that all connections must be flexible, which also makes the related mechanical structure design, such as aerodynamic design, very difficult. "

Tim: “Guangshen’s explanations are very down-to-earth. Even though I am a liberal arts major, I can understand its technical difficulties.

Just now, the God of Light mentioned Musk. Compared with Musk's Falcon, how does the Pioneer 1 that Light Armor Aerospace is going to launch this time? "

This is a relatively broad proposition, giving Chen Yuanguang ample room for autonomy.

Chen Yuanguang was frank about the gap: "Technically, we are definitely not as good as SpaceX, after all, their development history is much longer than ours.

Like the launch cost, the Falcon's launch cost is only $1700 per kilogram, while the cost for domestic commercial aerospace companies is ten times that.

Our average launch cost this time is estimated to be US$3000 per kilogram, which is based on the premise of a successful launch and successful recovery.

If this round of rocket launches by Guangjia Aerospace goes smoothly, then I expect we will be able to catch up with SpaceX in terms of cost next year.

Because they are large rockets, the Falcon has a carrying capacity of up to 22.8 tons, which allows them to spread their costs thinly enough. Before Guangjia Aerospace, the carrying capacity of domestic commercial rockets was about 1.5 to kilograms, and the better ones were only tons. This carrying capacity determined that their costs would not be cheap.

Our payload this year is 7 tons, and next year we will increase this figure to around 20 tons, catching up with SpaceX in terms of cost.”

(End of this chapter)