Lisa, just give us your big picture

impression of what has happened today.

There's a lot going on.

>> Yes, and thank you for having me on such

a historic day, Jared. Uh we've been

looking forward to this for over a

decade uh following the company since

the start of it and investing and

investing today as well with more uh you

know, we just talked about the cash

being uh outlayed for this investment

and I'm one of the people. Um so, in the

past we talked about every company

becoming a space company. They just

don't know it yet. And and the irony of

the story is that every investor will

become a a SpaceX investor at least on

the NASDAQ. Uh

and and they they didn't realize that

either. So, it's becoming ubiquitous and

now I think more of the public is

starting to understand the story of this

value creation uh beyond Starlink.

>> Yeah. So, we're all going to be space

traders. I can accept that. I in fact, I

I think it's happening already and that

is the future. But it's always a

question about timing here. You

mentioned

you're an early investor and you

mentioned that you're buying more today.

Um

are you price sensitive here? What's

behind Are you just going to buy as much

as you can get? What's your strategy

here and what's your end goal with

owning all these SpaceX shares?

>> Yeah, and this it's interesting because

typically with a an IPO this exciting,

the philosophy is, "Oh, you just wait

until it settles down and then you put

your money in." But I think in this

case, uh the ownership at this point is

important to have that skin in the game

now as the growth story begins.

Uh I mean, they have the the data center

plan. They have Starlink operational. As

we look at the A1 uh

A1 satellites that they're building that

are going to be individual data centers

that will mesh in the future.

You have to think about the compounding

capability that each of these launches

is going to have just as Starlink is

compounded with now over 10,000

satellites. So an individual data center

is the size of a swimming pool.

>> Yeah, can you give us an outline here?

When can we expect data centers in space

realistically?

>> Well, the

the has dispenser that they've designed

for Starship has been tested for

deploying those specifically and

Starship has done of course many prac-

practice launches getting getting more

acceleration in the capability with each

one. But you've got

the goal of Starship being fully

packed with SpaceX [clears throat]

data centers in the next 12 to 18

months. So that story is becoming

reality.

>> Yeah, and you know, it gets back to the

main point I think here. If you read the

SpaceX prospectus, this is being billed

as an AI company. This is AI

infrastructure.

How do you What do you see about

we've heard lots of people speculating

about a possible merger with Tesla and

that might come sooner than people

think. As an investor, does that concern

you? Are you excited for it? Do you want

just one big Elon Musk company?

>> Well, I've covered all the bases Jared.

I'm a long time Tesla investor too.

So that merger sounds great to me.

But we talked about the Tesla being

integrated with Starlink so that you

have that full inner connectivity in

your car.

There's a lot of synergies

but I think the larger story really is

that

uh, each component for the future uh,

from chips to satellites to data centers

to the boring company that's the future

on Mars. Uh, Elon has his foot in the

door and is enabling all of these. So,

if you've got your uh, capability built

out for

macro hard, the you know, and the and

the batteries and all of these elements

for the future and you're ahead of

everyone else in these arenas

uh,

you put them all together and now we're

leaping forward even faster.

>> All right, we've been talking a lot

about SpaceX, but you know, let's talk

about your company Explore. Are there

any tie-ins here, benefits that you're

getting directly from this historic IPO

or is it more down the road uh, just in

terms of okay, history is marching the

new tide is kind of marching on here and

you're going to be a part of it.

>> We are going to be a part of it

definitely seeing momentum with uh,

a lot of investors wanting to pay

attention to where we're going with our

company which has multi-sensor

satellites on a platform collecting uh,

exquisite data that would be utilized by

these data centers. We're very unique in

terms of the quality of what we can

collect and how we process it and then

can deliver it to data centers for their

uh, needs. So, we are definitely part of

that value chain and it's exciting to

see investors waking up and saying,

"Gosh, uh, I need to be investing in the

the raw materials and the hardware."

Well, ours is software in terms of the

data, but so basically a data company

and they're the data storage company in

space.

>> I want to get you out on this. What do

you think people are going to be What do

you think the space looks like and I use

that term in several different ways, but

what do you think the space space looks

like in 5 10 years and then from that

point kind of looking back on this day,

do you really think this is an historic

day or is this just part of is this just

another big event in a year of many big

events?

>> Well, this may be a year that of many

big events because it's enabling other

companies that I'm I'm an investor in 37

commercial space companies. We know that

there's traction to go public with other

space companies like Axiom space for

example or Umbra that's doing synthetic

aperture radar.

All of the

I would say the the the pathways to

growth have been built quietly over the

past years and as we see them compound 5

years

from now, I think the

the financial story will be spectacular.

AI and that value there is growing by

the day with terrestrial data. What

happens when we open it up to data

that's exquisite and otherwise

unattainable from space.

>> All right and we're going to leave it

there. Lisa, really great talk to you.

Thank you for your time.