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Published · transcript-backed

David Rosenthal: evaluation

30 May 2023 Acquired Lockheed Martin

“What LMSC (Lockheed Missiles and Space Company) did, I honestly think it is bigger impact to the country, to the world, and certainly on business to Lockheed and to Silicon Valley than Skunk Works. This story is of a scale I don't know that we've ever really told on Acquired.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
evaluation
Recorded
30 May 2023
Publisher
Acquired
Episode
Lockheed Martin

Transcript context

…And 80% of the land is still undeveloped. Yeah, they own all the way out to the ocean, I think. It's crazy. He carves off a part of the Stanford campus and develops it to be leased out as commercial space to corporations and the government to people to start companies, companies to come to build to participate in this ecosystem right there on campus. It's initially called the Stanford Industrial Park. Today, it's called the Stanford Research Park. It still exists if you've ever been there. It's basically all of the office buildings up and down Page Mill Road in Palo Alto. It's HP (Hewlett-Packard). We'll talk about that in a minute. It's Tesla's landlord today. It's VMware. It's where Xerox PARC was. It's where NeXT was and Steve Jobs. It's where Facebook's office was for a while. This is where Theranos was. Oh, my God. You might be listening like, well, this is cool, maybe I knew this stuff, maybe I didn't. This is really fun Silicon Valley history. What does this have to do with Lockheed? One of the very first tenants of Stanford Industrial Park, Ben, we're talking about customers, customer, who would go on to become the single largest employer in the area in proto Silicon Valley, by a huge margin was a new secret division of Lockheed. This blew my mind. His secret division is called the Lockheed Missile Systems Division, later to be renamed the Lockheed Missiles and Space Company. What LMSC (Lockheed Missiles and Space Company) did, I honestly think it is bigger impact to the country, to the world, and certainly on business to Lockheed and to Silicon Valley than Skunk Works. This story is of a scale I don't know that we've ever really told on Acquired. There are a lot of Skunk Works devotees, David. That is quite the assertion to say that this is a bigger deal.…

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