[00:01] (1.74s)
>> Well, as long as Musk is
[00:02] (2.77s)
still there, I don't know. Stock
[00:05] (5.00s)
stock holds up. Meantime is the
[00:05] (5.80s)
next big opportunity in real
[00:07] (7.61s)
estate outer space. Diana Olick
[00:10] (10.08s)
is here to explain. It's good to
[00:11] (11.85s)
see you, Diana. Thanks.
[00:12] (12.91s)
>> And the short answer is yes.
[00:15] (15.02s)
This is the next frontier, both
[00:16] (16.62s)
on the moon and here on Earth. I
[00:18] (18.55s)
sat down with the global chief
[00:20] (20.05s)
investment officer of Hines, a
[00:21] (21.99s)
real estate investment and
[00:22] (22.76s)
development firm. He likens it
[00:24] (24.42s)
to the early days of the
[00:26] (26.03s)
railroads, when entire towns
[00:28] (28.33s)
rose up around new stations.
[00:30] (30.93s)
>> We're creating these new
[00:32] (32.47s)
rails, if you will, of the
[00:34] (34.00s)
future. In this case, it's more
[00:36] (36.17s)
into orbit instead of on the
[00:37] (37.84s)
ground. But when you think about
[00:39] (39.47s)
it that way and think about all,
[00:41] (41.44s)
all the nodes of that are going
[00:43] (43.58s)
to get developed and created.
[00:45] (45.48s)
It's exciting. And I think
[00:46] (46.48s)
investors need to be thinking
[00:49] (49.02s)
that way.
[00:51] (51.18s)
>> Hines recently announced the
[00:52] (52.69s)
acquisition of the Titusville
[00:53] (53.92s)
Logistics Center, a nearly
[00:55] (55.05s)
quarter million square foot
[00:56] (56.56s)
industrial property in Florida's
[00:57] (57.92s)
Space Coast submarket. But there
[00:59] (59.79s)
will also be office and
[01:01] (61.76s)
residential to support this
[01:04] (64.60s)
play. And you believe that the
[01:05] (65.86s)
capital is sitting on the
[01:07] (67.17s)
sidelines and that they're
[01:08] (68.33s)
willing to make a play in space.
[01:10] (70.47s)
>> I think that I think that
[01:12] (72.00s)
capital is looking for great
[01:14] (74.07s)
opportunities or looking for
[01:14] (74.84s)
great returns. And, and, and
[01:17] (77.11s)
this is one of them.
[01:19] (79.08s)
>> Now that's here on Earth. But
[01:20] (80.61s)
there are also companies now
[01:21] (81.51s)
looking to build data centers on
[01:23] (83.55s)
the moon to solve the energy
[01:26] (86.02s)
consumption problem. And if we
[01:27] (87.22s)
have much more on this in our
[01:28] (88.95s)
brand new real estate platform
[01:30] (90.69s)
for real estate investors, it's
[01:31] (91.76s)
called Property Play. It has a
[01:34] (94.03s)
weekly newsletter. Check out the
[01:34] (94.99s)
video podcast and you can learn
[01:36] (96.26s)
much more about I'm not kidding
[01:37] (97.96s)
guys data centers in space.
[01:40] (100.43s)
>> Congrats on the congrats on
[01:41] (101.60s)
launching this. Excited for it.
[01:43] (103.24s)
I mean, we just we were just in
[01:45] (105.20s)
Pennsylvania with the energy
[01:46] (106.27s)
secretary talking about how
[01:47] (107.61s)
everybody's why go to space if
[01:49] (109.17s)
you can just build them in in US
[01:50] (110.91s)
states which are so hungry for
[01:52] (112.85s)
that investment?
[01:54] (114.08s)
>> Two very important reasons.
[01:54] (114.81s)
You talk about the energy
[01:56] (116.72s)
consumption of all of this in
[01:57] (117.35s)
space. You have solar there
[01:58] (118.82s)
powered year round, and you
[02:00] (120.02s)
don't have to cool them. Why?
[02:01] (121.99s)
Because they're in space and
[02:03] (123.19s)
it's super cold. And that's one
[02:04] (124.89s)
of the biggest energy sucks on
[02:06] (126.83s)
these data centers is cooling
[02:07] (127.83s)
them so it solves those
[02:08] (128.90s)
problems.
[02:10] (130.03s)
>> Is that offset by the
[02:10] (130.83s)
transmission mechanism between.
[02:12] (132.63s)
>> You just beam it down? They
[02:13] (133.87s)
said that, you know, all the
[02:16] (136.87s)
data comes back just because
[02:17] (137.67s)
that's the way data centers
[02:18] (138.37s)
operate anyway. And you could
[02:19] (139.67s)
either put them on the moon,
[02:21] (141.51s)
which they would be built
[02:22] (142.38s)
entirely through robotics. So
[02:22] (142.98s)
you don't have to have people up
[02:24] (144.91s)
there doing it. And there are
[02:26] (146.51s)
companies already working on
[02:27] (147.65s)
this. We have more, of course,
[02:29] (149.55s)
in that video podcast.
[02:30] (150.05s)
>> There's a million questions
[02:30] (150.85s)
about zoning and who owns the
[02:33] (153.72s)
>> And yeah, it is the new
[02:34] (154.82s)
frontier, no question.
[02:35] (155.52s)
>> I don't know, are there
[02:37] (157.22s)
permits to do this? I guess.
[02:38] (158.79s)
>> First come, first serve.
[02:40] (160.23s)
>> Exactly. Well, actually,
[02:40] (160.96s)
they're in a race with China
[02:41] (161.93s)
right now because China is
[02:43] (163.60s)
looking to do the same thing.
[02:44] (164.86s)
And that's what they said. You
[02:46] (166.70s)
know, again, there's a lot more
[02:47] (167.87s)
on this to the story. But
[02:49] (169.64s)
they're talking about the
[02:50] (170.60s)
competition with China.
[02:51] (171.91s)
>> And I guess there's no
[02:52] (172.67s)
worries about power with the
[02:53] (173.74s)
sun, sun.
[02:54] (174.74s)
>> Solar all the time. No
[02:56] (176.07s)
clouds.
[02:56] (176.78s)
>> Wow. That's fascinating
[02:58] (178.21s)
Diana, thank you very much. It's
[02:59] (179.65s)
good to see you. And we will
[03:01] (181.15s)
definitely check out again