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Episode 191: What Happens When Space Becomes Infrastructure · Money Matters with Greg

• 0:01
  SPEAKER_01: Welcome to Money Matters with Greg, where we dive into the money conversations shaping your life.
• 0:08
  SPEAKER_01: From investments to estate planning, insurance to taxes, we cover it all with a fresh perspective.
• 0:14
  SPEAKER_01: Join Greg and his guest each week to get inspired and take control of your financial future.
• 0:20
  SPEAKER_01: Let's get started.
• 0:22
  SPEAKER_01: Securities and investment advisory services offered through LPL Financial, Registered Investment Advisors, members of Redis IPC.
• 0:46
  SPEAKER_00: I'm Greg Farrell, CEO and owner of Faro Wealth.
• 0:49
  SPEAKER_00: It's a wealth management firm in Valparaiso, Indiana.
• 0:51
  SPEAKER_00: And the show is about money.
• 0:53
  SPEAKER_00: We have uh a number of different things on the show that we talk about.
• 0:56
  SPEAKER_00: Uh we are in a 191st episode.
• 0:58
  SPEAKER_00: Very excited about this.
• 0:59
  SPEAKER_00: We're on WVLP103.1 FM.
• 1:02
  SPEAKER_00: I'm broadcasting at one o'clock in the afternoon on Thursdays and at 3 o'clock on Saturdays on a replay.
• 1:07
  SPEAKER_00: And then you can find us anywhere we pod or anywhere you pod, Apple, Spotify, you name it.
• 1:12
  SPEAKER_00: We have uh on this show many guests that uh we're very lucky to have today.
• 1:18
  SPEAKER_00: A guest.
• 1:18
  SPEAKER_00: I want to mention uh the one disclaimer that I always seem to forget is the opinions voiced in uh in this show are general information only and not intended for uh to provide specific advice or recommendations for any individual to determine which strategies and investments are suitable for you.
• 1:37
  SPEAKER_00: Consult your appropriate, qualified, professional prior to making a decision.
• 1:42
  SPEAKER_00: Third-party guests are not affiliated with LPL Financial or Ferrara Wealth.
• 1:47
  SPEAKER_00: That should help my compliance department very much.
• 1:49
  SPEAKER_00: So I'd like to introduce Matt Voss, who's president of Near Launch Space, and we want to talk space on this show.
• 1:57
  SPEAKER_00: So, Matt, welcome.
• 1:58
  SPEAKER_00: Thank you for having me here and appreciate the time, Greg.
• 2:01
  SPEAKER_00: I'm excited to hear think about all these matters with you.
• 2:04
  SPEAKER_00: Excited to be had to have you on today.
• 2:06
  SPEAKER_00: Really appreciate it.
• 2:07
  SPEAKER_00: Uh Matt and I met through the Goldman Sachs cohort.
• 2:10
  SPEAKER_00: We were both cohorts in the Indiana cohort through the Goldman Sachs uh 10KSB.
• 2:16
  SPEAKER_00: If you want to learn more about that program and what that means and what how that was and the PTSD that both Matt and I have from going through that process, uh I think neither of us would have joined if we knew how much work was involved.
• 2:28
  SPEAKER_00: But it I know it made us both better business owners uh and business people.
• 2:32
  SPEAKER_00: And if you want to learn more about that, there is a pod on that as well as on the YouTube channel.
• 2:38
  SPEAKER_00: You can learn more about uh what the Tink ASB is.
• 2:40
  SPEAKER_00: But again, Matt, it's just uh it's a thrill to have you on.
• 2:43
  SPEAKER_00: I want to mention the Near Space Launch, and you go to nearspace launch.com to find you and learn more about Matt.
• 2:50
  SPEAKER_00: Uh for the listeners, it was started by his dad, Dr.
• 2:52
  SPEAKER_00: Hank Boss, who was the chief scientist, and uh Jeff Daly, I believe, the chief engineer.
• 2:58
  SPEAKER_00: And now Matt is president and running uh the show here in Upland, Indiana, so it's a great Indiana story.
• 3:04
  SPEAKER_00: Do you want to tell the audience kind of like a little bit about what is NeerSpace and what you guys do?
• 3:10
  SPEAKER_02: Yeah, and I'll be glad to share about it and had a great time with you there, Goldman Sachs programs.
• 3:14
  SPEAKER_02: And uh yeah, so Neospace Launch is a small satellite manufacturer, grew out of uh Taylor University about 12 years ago, working with, as you mentioned, Hank and Jeff daily there, and uh working with building small satellites for students and kind of working in that area.
• 3:27
  SPEAKER_02: So a lot of times traditionally you think of satellites, you think of the star larger ones that are the size of a car almost.
• 3:33
  SPEAKER_02: Uh these are smaller ones.
• 3:34
  SPEAKER_02: So as technology is getting smaller, like your cell phone, you're able to shrink those down and really do some really cool nanotechnology.
• 3:40
  SPEAKER_02: Uh so instead of paying for a multi-million, hundred million dollar satellite, you can do a lot of great things in a smaller CubeSat is what we call those.
• 3:48
  SPEAKER_02: And so from that, we did our first Indiana satellite.
• 3:51
  SPEAKER_02: Uh, that was back in 2014.
• 3:53
  SPEAKER_02: And uh with that mission success, uh, it spun off a near space launch.
• 3:57
  SPEAKER_02: And so with that, we worked with other universities and helped them build their satellites.
• 4:01
  SPEAKER_02: Then it moved into commercial and then doing some small business innovation grants and then moved into actually building now uh full satellites for commercial, then government projects.
• 4:10
  SPEAKER_02: Um now we have over 100 satellites on orbit, one of over 1,000 systems and subsystems on orbit launching off.
• 4:16
  SPEAKER_02: Uh we just had three launch off last week for a DOD uh mission there called Spear One that we're talking with right now.
• 4:23
  SPEAKER_02: So it's been an exciting journey over the last uh decade, uh, projects um and challenges, and uh the industry has definitely transformed drastically from year to year.
• 4:32
  SPEAKER_00: Yeah, those one of the questions I have for you is how have things obviously we we see the headlines with SpaceX, and that you know has hit the front page for a lot of people and realized that space actually is obtainable.
• 4:44
  SPEAKER_00: Like what are you seeing as far as the changes, the key innovations, you know, and sort of the trends?
• 4:49
  SPEAKER_02: There's a lot of neat things, new capabilities coming on.
• 4:52
  SPEAKER_02: I think it's been one of the new space ages that a lot of the people generations have said this is a new space generation that's coming aboard.
• 4:59
  SPEAKER_02: And really the architecture has changed.
• 5:01
  SPEAKER_02: Uh, I think there's been a lot more of hybrid architecture designed through both the NASA and Space Force governments where they're starting to allow new players to enter the space industry and to help and contribute.
• 5:12
  SPEAKER_02: Um, a lot of the traditional terrestrial projects and technologies, there was a gap between what was being utilized in space and what's being used terrestrially, and really just bringing both of those areas and domains together in a more facet and rapid development stage.
• 5:25
  SPEAKER_02: And so traditionally it took a long time to create a technology, custom technology, and put that on orbit.
• 5:31
  SPEAKER_02: Now that it's becoming a more rapid turnaround of taking an idea, prototyping it, putting it on orbit, and testing that out.
• 5:38
  SPEAKER_02: And I think SpaceX has been one of the leading and leading space companies that has really helped it show iterational development and pushing up from their Falcon Mountains to now their Starship and Starlink and all the different projects they're working on as far as getting 80% there and then challenging to move it forward the needle in iterational growth.
• 5:56
  SPEAKER_02: And that's really transformed the community and the space community via how they approach and move technology to orbit.
• 6:01
  SPEAKER_02: And ultimately, doesn't it save people money?
• 6:04
  SPEAKER_02: It does, yeah.
• 6:04
  SPEAKER_02: I mean, that's instead of building a custom thing for every single solution, we're talking about manufacturing.
• 6:10
  SPEAKER_02: And so, really, that's how we are here in Indiana.
• 6:12
  SPEAKER_02: And Indiana is known for manufacturing and one of the fastest growing.
• 6:16
  SPEAKER_02: I think as it's showing the seriousness of the space industry starting to really want to see the scale of these projects and not a unique custom 10-year project launch one satellite.
• 6:27
  SPEAKER_02: Really, the constellations is what a lot of the space conferences are talking about.
• 6:31
  SPEAKER_02: And really, how do you bring make it affordable to bring this up?
• 6:34
  SPEAKER_02: So the launch has usually been one of the most expensive constraints, and now you know it's a lot more affordable to go to orbit.
• 6:39
  SPEAKER_02: So space is becoming accessible to a lot more people and looking to be involved in space.
• 6:44
  SPEAKER_02: And so it's not just from investment side, but also from just uh a lot more people have access to go to orbit.
• 6:50
  SPEAKER_02: And uh that's that's makes a lot of new opportunities and innovations and solutions to solve problems.
• 6:56
  SPEAKER_00: Awesome.
• 6:56
  SPEAKER_00: I see on the on the website, if you check out the website, you see a lot of the different your uh a lot of customers, people you've helped.
• 7:04
  SPEAKER_00: I mean, you've worked with NASA and you work with MIT and obviously Space Force and a number of other you know groups, but you also work with universities and many of them are Indiana based.
• 7:14
  SPEAKER_00: Can you talk to that as to how you've helped, you know, the the different universities in the state of Indiana?
• 7:20
  SPEAKER_02: Yeah, no, it's a strong passion for our team.
• 7:22
  SPEAKER_02: Most of us have been teachers or professors at one point.
• 7:24
  SPEAKER_02: And so as we grew more into our commercial and government projects, uh, we realized we were doing less partnerships with our academic partners.
• 7:31
  SPEAKER_02: Uh so we stood up in 2020 around COVID.
• 7:34
  SPEAKER_02: Great time to stand up a nonprofit for education.
• 7:37
  SPEAKER_02: So we started exactly so but it was a great time to incubate that because we saw a demand and request of students to be involved in going to space.
• 7:44
  SPEAKER_02: Uh so near space education is our 50103 um that stands up basically helping build satellites with a STEM satellite for students.
• 7:52
  SPEAKER_02: And so we looked called the Dream Big Program.
• 7:54
  SPEAKER_02: Uh and so we just did our phase one, completed a full process here with other manufacturers here in the Midwest to help fund it, uh completely done by Indiana, where we launched on a SpaceX mission six satellites uh built here in northeast Indiana, and then also the surrounding tri-state Michigan and Ohio.
• 8:10
  SPEAKER_02: And so it was Valprazo being one of the schools.
• 8:12
  SPEAKER_02: Congratulations, your uh city there.
• 8:14
  SPEAKER_02: Got to launch a satellite here on Transporter 16 in March of this year, 2026, along with Notre Dame, Western Michigan, the University of Toledo, Purdue, Fort Wayne, and Taylor City.
• 8:24
  SPEAKER_02: And so that worked with over 2,000 students.
• 8:26
  SPEAKER_02: Um, just showing the accessibility of space that you know, K-12 are doing high-outity balloons, university students are actually building stuff going to orbit and doing that only in one year.
• 8:35
  SPEAKER_02: Because traditionally, if you you try to build something again that usually took four to five years, students didn't get to see the whole cycle.
• 8:40
  SPEAKER_02: And that was really a neat proof of accessibility to space.
• 8:44
  SPEAKER_02: And these students are testing things that they thought of as experience that'd be valuable to the community for what to test on orbit.
• 8:51
  SPEAKER_00: That's really cool.
• 8:52
  SPEAKER_00: Along those lines, you you guys have uh space camps.
• 8:55
  SPEAKER_00: Do you want to talk to that as to how someone might get involved to be able to learn more about you?
• 9:00
  SPEAKER_00: Go visit Upland.
• 9:01
  SPEAKER_00: I know it's uh it's it's a uh a Mecca, the Mecca of Upland, Indiana.
• 9:06
  SPEAKER_02: That's right.
• 9:07
  SPEAKER_02: Right.
• 9:07
  SPEAKER_02: So we're we're right between Fortune and Indianapolis and a small rural town here in Indiana.
• 9:12
  SPEAKER_02: So it shows you know you can do these from anywhere now.
• 9:14
  SPEAKER_02: So we're top 3,000.
• 9:16
  SPEAKER_02: But yeah, we're leading space camps now here for our nonprofit.
• 9:19
  SPEAKER_02: They they created across the street here, a maker of space with an innovation hub.
• 9:23
  SPEAKER_02: Right now they're doing Girls in STEM week here with overnights, uh students coming all the way from Europe to Florida and coming here to develop spacecraft.
• 9:32
  SPEAKER_02: And students get to work in the clean rooms, uh, build out high-altitude balloon launches that go to the top 1% of the atmosphere that are going to launch it that this week and chase it and recover those balloons and just really learn a lot of neat from programming to soldering to a lot of the capabilities of engineers that we use for our commercial side are the same ones that students are getting exposed to in a fun way.
• 9:52
  SPEAKER_02: And so um, we're we're hopefully, you know, a lot of things that I wish we had when we were kids, uh, they're getting to work on those.
• 9:57
  SPEAKER_02: And uh it's pretty it's a pretty fun group over there that they're doing.
• 10:01
  SPEAKER_00: I can imagine.
• 10:02
  SPEAKER_00: That's super cool.
• 10:03
  SPEAKER_00: I just love what you're doing for for kids and have the opportunity to be able to learn something that you know wouldn't necessarily be able to do.
• 10:08
  SPEAKER_00: You make a really good point with uh building a satellite, and that's gonna be a five-year launch, you know, like you don't you graduate before you get to see it.
• 10:16
  SPEAKER_00: Now you that's things have sped up.
• 10:18
  SPEAKER_00: That's uh that's right.
• 10:19
  SPEAKER_02: You can actually do the whole the whole engineering process, even to do the data review.
• 10:23
  SPEAKER_02: And you you know, you learn by failure too.
• 10:25
  SPEAKER_02: So you use a lot of them never get to see their own failures.
• 10:27
  SPEAKER_02: And that's a lot from how we all learn throughout time.
• 10:30
  SPEAKER_02: That's part of that iterational growth.
• 10:31
  SPEAKER_02: Um but hopefully with a little bit of a manufacturer that can come alongside a nonprofit and kind of sh give a full cycle of how to develop these students and really just keep first principles so that you know SpaceX and Elasticmost talks about how do we teach first principles that you know this world's gonna change a lot from you know all the other fun big words like AI they talk about or tech development and you know, vastly changing landscape.
• 10:53
  SPEAKER_02: How can we keep that baseline of knowledge to build off of with all these other different tools we're given pretty rapidly for the tech world?
• 11:00
  SPEAKER_00: Very, very cool.
• 11:01
  SPEAKER_00: Uh on the you mentioned the 501c side and and the and the nonprofit side.
• 11:06
  SPEAKER_00: What about the for-profit side?
• 11:07
  SPEAKER_00: Like who's using you guys technology-wise, what companies, how are they using you to become you know, better businesses?
• 11:15
  SPEAKER_02: Yeah, it's been used for a couple different reasons.
• 11:17
  SPEAKER_02: Uh originally one of the big things when you go to space is before you go on a bigger mission, you want to make sure your stuff is working well, or you want to make sure you're testing things on or so.
• 11:27
  SPEAKER_02: We did a lot of experimental missions at first, where we help people go to space for the first time and test out their equipment, make sure there's it's fully functional, give it two years of flight heritage, you want to make sure it's operating for a while before it gets integrated into a more uh critical mission of operation, such as GPS or some larger space weather satellites that we depend on greatly for our society today and uh from national security and areas like that.
• 11:51
  SPEAKER_02: So we've worked with a hundred different space customers over the years.
• 11:54
  SPEAKER_02: Some of them were startups, some of them are larger primes from you know, that are out there to a lot of our government agencies, like you mentioned earlier, NASA and Space Force uh contracts.
• 12:04
  SPEAKER_02: Here, we did a lot of experimental, but one of the areas NearSpace is growing into a lot right now is commercial projects, which really matches up with what the market is saying we need is constellation support.
• 12:14
  SPEAKER_02: And so there's a lot of this time of technology being developed now, there's a need for constellations.
• 12:19
  SPEAKER_02: And so we're doing alternate PT, which is, you know, our GPS satellites are fantastic.
• 12:24
  SPEAKER_02: They've been supporting when you guys are when we're all trying to drive around and uh look, find our maps and locations.
• 12:29
  SPEAKER_02: Uh, we depend on it more and more as we work on our technologies and so many different platforms uh that technologies that we take for granted a lot of times, but it's really becoming a critical infrastructure backbone.
• 12:40
  SPEAKER_02: And so building the other constellations is one of the demand is to diversify that demand from one satellite or several satellites, constellations on orbit to more dispersed.
• 12:50
  SPEAKER_02: And that's why I mentioned earlier was a hybrid architecture, and so there's a demand to really spread that out and make it more reliable through other networks.
• 12:58
  SPEAKER_02: And so we're building some of those constellations for some of our partners right now.
• 13:02
  SPEAKER_02: There's additional space weather.
• 13:04
  SPEAKER_02: I mean, I just mentioned GPS or um you know PNT, the very low Earth orbit.
• 13:08
  SPEAKER_02: So a lot of satellites, like the International Space Station, is what we call low Earth orbit.
• 13:13
  SPEAKER_02: Then you have MIO and then GEO, which the Geo ones are where you have a stationary over your Earth.
• 13:18
  SPEAKER_02: The Leo ones is a very interesting area.
• 13:20
  SPEAKER_02: That's where Starlink is and SpaceX sends all their satellites.
• 13:23
  SPEAKER_02: That gets you lower latency, which means you can talk quicker with your connection to your Wi-Fi or to other things if they're closer to the satellites, closer to Earth.
• 13:30
  SPEAKER_02: Also means you might burn up quicker and you re-enter into the atmosphere.
• 13:34
  SPEAKER_02: But one of the things to think about for the LEO is there's also called a VLEA, very low Earth orbit.
• 13:41
  SPEAKER_02: It's where a lot of our atmosphere is, it's where our high altitude balloons go up and burst because that's where the atmosphere really stops.
• 13:47
  SPEAKER_02: It's a tough region to get good data on.
• 13:49
  SPEAKER_02: Um, this is where small satellites are very important because we want to really study that region because that will distort or affect a lot of our communications, our satellite information going between that field of information there.
• 14:00
  SPEAKER_02: And so we're trying to near space collect some of that data on re-entry.
• 14:04
  SPEAKER_02: So some of our smaller technologies can afford to go through that region and collect uh that data and uh provide it to the community.
• 14:11
  SPEAKER_02: It's fascinating.
• 14:12
  SPEAKER_00: Very, very cool, Matt.
• 14:13
  SPEAKER_00: Appreciate it.
• 14:13
  SPEAKER_02: Hopefully that's helpful.
• 14:14
  SPEAKER_00: It's also it's really fun.
• 14:16
  SPEAKER_00: Real quick, uh, the show's Money Matters with Greg.
• 14:18
  SPEAKER_00: I'm Greg Ferrell, CEO and owner of Ferrell Wealth, as well as management man wealth management firm and financial advising firm here in Valparazo, Indiana, serving clients in 25 states.
• 14:27
  SPEAKER_00: We're kind of all we're definitely all over the nation.
• 14:30
  SPEAKER_00: Talking on this show, Money Matters with Greg, about money.
• 14:33
  SPEAKER_00: And today we're very excited to have on 103.1 FM B VLP as well, broadcasted uh Thursday at one and then Saturday at three, and anywhere you pod as well.
• 14:45
  SPEAKER_00: You can find us, just uh search Money Matters with Greg.
• 14:48
  SPEAKER_00: We're having Matt Boss, president of Near Launch today, talk about space.
• 14:52
  SPEAKER_00: And I just really appreciative to have you on.
• 14:55
  SPEAKER_00: I wanted to talk and sort of go the the consumer route.
• 14:59
  SPEAKER_00: And since we talk money on this show, I don't think people realize you mentioned GPS and how much we we might take it for granted in the ways of the world, and you know, there's a traffic jam and that that affects your life that moment.
• 15:12
  SPEAKER_00: There's a crash or you know, an accident on a roadway and your family vacation is interrupted.
• 15:17
  SPEAKER_00: That might be certainly one way as far as convenience goes, but as far as cost-wise, like how does space and how do the satellites help?
• 15:25
  SPEAKER_00: And one of the things I think of in the world that we live in is property casualty in regards to someone having a second home, let's say, uh, you know, a third home, wherever it might be, be affected by a storm.
• 15:38
  SPEAKER_00: Talk to us about like how we as consumers sort of miss a mark or don't really understand how much space is actually affecting or helping us with, let's say, our farming, with our businesses, you name it.
• 15:51
  SPEAKER_00: Can you go into some of that, some, some about that?
• 15:54
  SPEAKER_02: Yeah, I'd glad to.
• 15:55
  SPEAKER_02: So, I mean, there's several areas that we can help with the better farming, disaster recovery, uh, moving from all those different aspects, more better accurate weather forecasting.
• 16:05
  SPEAKER_02: So I think you kind of mentioned at the top of that, really thinking about how do we track our hurricanes, our tornadoes, you know, flooding, wildfires, drought.
• 16:12
  SPEAKER_02: There's a lot of talk at conferences, you know, how do we can track that, see where it's growing, and really actually save lives to get out of certain events that could be occurring soon.
• 16:21
  SPEAKER_02: Um, there's also the wire fi wildfire is really starting to track when something starts.
• 16:25
  SPEAKER_02: We can detect it a lot earlier if it's uh deeper out there.
• 16:28
  SPEAKER_02: Uh so I won't speak like I'm a strong uh subject matter expert in all these different subjects, uh once again, a broad nature of space, but that is definitely uh improving to uh the more late lower latency and sensors looking at those things, the more accurate and uh the better forecasting you can have for those.
• 16:47
  SPEAKER_02: So I think there's a desire for more sensors and more um information for the models to have that.
• 16:52
  SPEAKER_02: And that's one of the areas uh law groups are trying to help solve.
• 16:55
  SPEAKER_02: I think also for farming, I mean that kind of goes in the same kind of thing.
• 16:58
  SPEAKER_02: We need more sensors to kind of monitor crop health.
• 17:00
  SPEAKER_02: There's a lot of great sensors when they fly over, they can detect a lot of uh neat things of how the health of across the state section or region um and kind of kind of regional and needs and agriculture.
• 17:11
  SPEAKER_02: So there's a lot of great things that Purdue is working on and other places as far as looking from the space domain across sections of farming of what's happening and giving that communicating that data then to everybody and doing a job uh monitoring crop health.
• 17:26
  SPEAKER_02: Um yeah, and I think disaster response, I think, you know, we mentioned this for Starlink and other groups are putting on communication on orbit.
• 17:32
  SPEAKER_02: So this so if your whole network crashes, you can always reconnect quickly through a network on disaster reliefs and location of isolated communities, beacons.
• 17:41
  SPEAKER_02: So if they have a uh Iridium is a group that we work with closely, is uh we're one of their uh bars to really identify if someone was lost.
• 17:49
  SPEAKER_02: And so they save multiple lives uh every uh week, a lost hiker because of a sadly connection to those.
• 17:55
  SPEAKER_02: So it's definitely a uh thing that's reducing risk, which I know is critical for many, but we really need to increase environmental monitoring.
• 18:02
  SPEAKER_02: So air quality, so there's just a long list of things that space is doing, and as it gets better as we invest technologies into it, it can do a lot more uh monitoring of safety for different groups there.
• 18:14
  SPEAKER_00: Awesome.
• 18:14
  SPEAKER_00: And specifically, so I mean, you think about well, farming-wise, that's you know, knowing that it's gonna be a rainy season or knowing that the you know the the prediction is I I can use maybe less fert fertilizer, I can maybe have less water, you know, all of these things that matter.
• 18:30
  SPEAKER_00: And then in the commodities side, as far as pricing, like that helps pricing corn, sea soybeans, you know, you name it, as far as uh as far as crops.
• 18:39
  SPEAKER_00: Are you guys still doing the iStar radios?
• 18:41
  SPEAKER_00: The small satellites that are really make things a little bit more affordable too?
• 18:45
  SPEAKER_00: Is that the same thing?
• 18:46
  SPEAKER_02: So yeah.
• 18:46
  SPEAKER_02: So we're one of the issues is as industries mature, if you think of the airplane industry, the aerospace industry, where the planes are first flying, they didn't really have ways to detect where the planes were located as well.
• 18:57
  SPEAKER_02: And they didn't have, you know, it wasn't until something's crashed, unfortunately, that they really started saying ground station networks that really monitored and also beacons that were on these planes.
• 19:06
  SPEAKER_02: And um, you know, it's kind of really though we're moving past a lot of the early development, even in this last 10 years.
• 19:11
  SPEAKER_02: You ask how we're changing.
• 19:13
  SPEAKER_02: Uh really there has to be a almost an infrastructure of the space industry and ecosystem that we've witnessed.
• 19:19
  SPEAKER_02: And so one of the areas that Nairspace is helping uh is what you just mentioned, the iStar radio.
• 19:24
  SPEAKER_02: We have over 250 of those on orbit.
• 19:26
  SPEAKER_02: Uh, we instead of trying to build our own constellation sometimes, we say let's connect to pre-existing ones with the radio, and it allows almost like what we call the black box on these satellites.
• 19:37
  SPEAKER_02: And so you can actually identify where these satellites are located and send that through what they call Ridium and Global Star, but basically giving a real-time communication, because just a reminder or a thought is that these satellites are traveling at 17,000 miles per hour, they're going around the earth multiple times a day, so they're moving fast.
• 19:54
  SPEAKER_02: And so, how can we really track these satellites and keep the information um like the infrastructure for the airplane industry that you know as we add more satellites, there's a lot of space in space, but you know, we're we're sending up a lot of the projection is to send a lot more satellites in space with these sensors and capabilities and communications.
• 20:11
  SPEAKER_02: How can they all interact and uh be on orbit together?
• 20:14
  SPEAKER_02: Um we really need to have a better black box or better way a device to put those uh connected in.
• 20:20
  SPEAKER_02: So we're trying to adopt some of the stuff that the pla aerospace plane industry had, the boating industry, and bring that to the space domain.
• 20:26
  SPEAKER_02: Uh as that really infrastructure is growing and really starting to build out.
• 20:31
  SPEAKER_02: So that's one of the areas that we're helping is for the black boxes for spacecraft.
• 20:34
  SPEAKER_00: Awesome.
• 20:35
  SPEAKER_00: Along with the industry that's growing, what are your thoughts on the data centers and the ability to be able to actually launch data centers and not have to have them on Earth?
• 20:43
  SPEAKER_00: You know, would they not need water up there, you know, coolant.
• 20:47
  SPEAKER_00: They don't need, you know, they don't need to be cooled.
• 20:49
  SPEAKER_00: Everything's done.
• 20:50
  SPEAKER_00: I mean, it is cooled, right?
• 20:51
  SPEAKER_00: So what are your thoughts about that as far as potential?
• 20:54
  SPEAKER_02: Yeah, I mean, there's I will not be a subject matter expert in this again.
• 20:58
  SPEAKER_02: Uh I'll speak as a jerk while it's there.
• 21:01
  SPEAKER_02: And I haven't researched the data centers and what they all require.
• 21:05
  SPEAKER_02: Uh, they definitely have some neat things.
• 21:06
  SPEAKER_02: It definitely is cooling.
• 21:07
  SPEAKER_02: There's uh a lot of things that they work get to work on it.
• 21:10
  SPEAKER_02: I know SpaceX is trying to solve that in other groups.
• 21:12
  SPEAKER_02: Uh, you definitely need a lot more power, so they're going to need to take a lot of area to power up their systems.
• 21:18
  SPEAKER_02: So it'll definitely be a different way of looking at what spacecrafts could look like on orbit to be able to pull that data.
• 21:24
  SPEAKER_02: And so I'm interested in tracking it with you all from the launch capability.
• 21:27
  SPEAKER_02: I will say the space industry is a lot more set up for that than it used to be with, you know, there's a sharp ship and other groups are coming online if those play into it.
• 21:34
  SPEAKER_02: But I think time will tell uh here, and I I'm not unfortunately going to have a strong statement for any of those, but it it definitely is worth looking at to put a data center on it.
• 21:44
  SPEAKER_00: Awesome.
• 21:44
  SPEAKER_00: Well, thank you for all that.
• 21:46
  SPEAKER_00: Uh is there anything uh you want the listeners to know as we wrap up here, just about what's going on, or you know, certainly ways to be able to reach out to uh Neurospace and who you guys are?
• 21:59
  SPEAKER_02: I think uh, you know, message I think that we like to share is space is accessible.
• 22:03
  SPEAKER_02: Uh it's not just made for a certain area, it's a rap it's a smaller community that's rapidly growing.
• 22:08
  SPEAKER_02: Uh it's been just fun to see you through the conferences exponentially growing over the last 10 years and watching um how people can get involved.
• 22:16
  SPEAKER_02: And so even I think there's this becoming more and more the larger Fortune 500 companies are starting to build space strategies.
• 22:22
  SPEAKER_02: And so just starting to think about how companies think that way and what kind of uh value ads could be brought there on is there technologies that could be adapted for use?
• 22:31
  SPEAKER_02: There's a lot of funding for dual use technology and bringing that to orbit uh and just joining the space ecosystem as a possible avenue.
• 22:37
  SPEAKER_02: Uh so we help a lot of groups do that through our experimental missions.
• 22:40
  SPEAKER_02: It's glad to creative ideas on orbit.
• 22:44
  SPEAKER_02: We won't share any of all those that we've got to work with.
• 22:46
  SPEAKER_02: Uh but yeah, I think also really investing the next generation.
• 22:49
  SPEAKER_02: We're in a big need for STEM teaching of our our kids and the next generation.
• 22:54
  SPEAKER_02: Uh so obviously we're very passionate about that in your space education, our nonprofit.
• 22:58
  SPEAKER_02: So thanks for bringing that up, Greg, and asking about that.
• 23:00
  SPEAKER_02: Uh so that's definitely a very passionate to see that we give the tools to the next generation as well because they'll be here in the next five, ten years.
• 23:06
  SPEAKER_02: So do you have space camp for adults?
• 23:09
  SPEAKER_02: There you go.
• 23:09
  SPEAKER_02: Well, we're thought about that.
• 23:10
  SPEAKER_02: That's been a request to do a dual camp where their kids and adults can go.
• 23:14
  SPEAKER_02: Maybe we'll have to do straight up adults at some point soon.
• 23:16
  SPEAKER_02: So it's a it's kind of hang out.
• 23:18
  SPEAKER_00: So we know as good parents that we are.
• 23:20
  SPEAKER_00: Uh it's best to drop the kids off, though.
• 23:23
  SPEAKER_00: That's right.
• 23:23
  SPEAKER_00: We'll drop the kids off in a different place and we can do space.
• 23:28
  SPEAKER_00: Well done.
• 23:28
  SPEAKER_00: The show's Money Matters with Greg, Greg Farrell, CEO and owner of Ferrell Wealth.
• 23:32
  SPEAKER_00: We talked money on this show today.
• 23:33
  SPEAKER_00: We're very, very thankful to have Matt Boss, president of Near Launch Space or Near Space Launch, right?
• 23:39
  SPEAKER_00: It's NSL, right?
• 23:41
  SPEAKER_00: Got it.
• 23:42
  SPEAKER_00: Yep.
• 23:42
  SPEAKER_00: Yep.
• 23:43
  SPEAKER_00: And so you yeah, you can find them at near spacelaunch.com.
• 23:46
  SPEAKER_00: Um, just excited to have you on, Matt.
• 23:48
  SPEAKER_00: Thanks so much.
• 23:49
  SPEAKER_00: Thanks for having me on.
• 23:50
  SPEAKER_00: Great chatting with you about the space industry together.
• 23:52
  SPEAKER_00: Yeah.
• 23:53
  SPEAKER_00: Look forward to catching up soon to the audience.
• 23:55
  SPEAKER_00: Thanks for being here, and we'll uh we'll catch you on the next one.
• 23:58
  SPEAKER_00: I hope you were able to learn something today and maybe some way to be able to find some money here on WVLP103.1 FM, also anywhere you pod.
• 24:07
  SPEAKER_00: We'll certainly catch you on the next episode.
• 24:09
  SPEAKER_00: We'll see you.
• 24:10
  SPEAKER_00: Thanks again, Matt.
• 24:11
  SPEAKER_00: Thank you.
• 24:14
  SPEAKER_01: Thanks for tuning in to Money Matters with Bray.
• 24:17
  SPEAKER_01: We hope you gained some valuable insights today.
• 24:19
  SPEAKER_01: Remember, your financial journey is personal, but you don't have to go it alone.
• 24:24
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• 24:27
  SPEAKER_01: Until next time, here's the making your money work for you.
• 24:31
  SPEAKER_01: Securities and investment advisory services offered through LPL Financial, a registered investment advisor, member FIDRA SIPC.