Dennis Muilenburgs Bet on the Future

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Denis muhlenberg has kept a low public profile since he left his job. Ceo of boeing at the end of twenty nineteen. But that's about to change me. Lemberg has teamed up with air finance founder. kirsten bartok tau and other aviation luminaries to fund a special purpose. Acquisition company called new vista acquisition corp. They're aiming to raise two hundred and forty million dollars through public offerings to acquire businesses focused on transformational technologies in areas. Such a space defense and communications advanced their mobility and logistics. What does that mean well. We'll let you hear directly from denison. Kirsten who have joined today also with us on my side of the table so to speak is aviation weeks. Technology specialists and urban air mobility guru executive editor graham warwick. Just one no we will. Not be talking about boeing past or future. If you're interested in that i'd like to refer you back to our january twenty nine podcast so let's get started a dentist. Tell us what you're up to. And why joe the good morning and thanks for the chance to talk about new vista. We're very excited about this. New endeavor and that excitement starts with a tremendous opportunity that we see right now as you know i had the privilege of being the ceo of boeing back in. We celebrated our centennial in two thousand sixteen and we. We did some work together on the age of aerospace and when we look back on the history of aerospace the opportunity in front of his right. Now i think it's the greatest one in that one hundred plus year history harris face. We're seeing this convergence of technologies in a way that we've never seen before technologies that span artificial intelligence autonomy new manufacturing techniques satellite technologies new types of vehicles and propulsion systems that set of emerging technologies. All at once has never happened before. Combine that with mega-scale changes in the market. You mentioned air mobility new waste. People are moving Logistics e commerce capabilities the revolution in space in the build out of the lower orbit ecosystem and next generation defense systems that combination of technologies and mega skill. Market ships creates an unprecedented opportunity. And that's what we're focused on at new vista kirsten. Let's hear from you. What brought you into team. Up with dennis and How are you approaching this. Thanks joe and as you know. I've been pretty focused on advanced ever ability for the last four or five years Having been based in silicon valley and kind of live through the internet growth and doing venture capital back then realized early that this transition was going to happen and just from the basic technologies with your talk about them. Electrification greeted propulsion which then goes to autonomy and an ad in hydrogen which has come on the radar lately These technologies are going to completely change Aerospace so that the next twenty years is going to look completely different in the last twenty years and even the is you know. The aircraft designs will look entirely different. Lucky enough i been working on this trying to figure out the right vehicle to investment doing a lot of my own personal investing some through our finance and then was Got on the idea of a spec realized that could be the optimal solution to help. These emerging companies crossed the chasm of death valley of death that we call where you got early stage venture capital money but they needed at large amount of growth capital. These are deep company's hardware and software at their capital intensive and then added that they've got the regulatory component of the faa and. they needed some good opportunities. For large amounts of crossover capital groups. Like softbank could have been that or sovereigns but the spac product has really come in to help. These company cost the valley of death and make it to the next level where they're commercialization occurs and their operational so i couldn't be more lucky to partner with such an incredible operators dennis someone who really pushed billing to be more. Entrepreneurial created horizon ex and necks and We put together a great team here. And we're excited to make a positive difference in the landscape. So so what are you thinking. I mean how do you take these technologies that we write about all time. I guess our listeners want to know and apply them to be like a real product. What what is really exciting. Talk about this this change in the next twenty years. What can we see in practical terms. What are we going to see. joe. I think you're gonna see transformation in these four market segments that we're talking about that's way beyond what we've ever seen before i take what's happening in the in. The lower orbits space ecosystem and extraordinary the number of technologies. That we're seeing that are coming into places real applications now. The build out a satellite infrastructure nanno sats micro sats we see a market for fifty thousand plus additional small sets on orbit or the next decade. We see a number of companies who are working on breaking the cost curve for access to space new launch capabilities that are coming to bear and then new applications in terms of how to use those satellite networks to create information at useful data earth observation New kinds of reconnaissance and surveillance capabilities connectivity. In communications i think the low earth orbit ecosystem. Build out that we're seeing now is just one example of the kind of massive transfer transformation that we're gonna see that's going to create economic value. It's gonna create new companies new jobs. it's going to create a new technologies that are on the innovation edge that are now ripple out into other business sectors. So it's an exciting time to be working on this leading edge

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