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Maria Ramazas (9:40)

My guest today is one of the keynote speakers here at Commercial Space Week. I will let Brian introduce himself.

Brian Miske (9:49)

My name is Brian Miske. I am the America's lead for space for KPMG which is a big four consultancy, global, with 360,000 people. And I also serve in a group called Ignition. I lead that group within the US and it's serendipitous that it sounds like it's related to space. It's really about the human side of innovation and really accelerating different types of aspects of opportunity with innovation, design, thinking, system thinking, and really getting our clients and future clients comfortable with disruption and what's happening around them.

Maria Ramazas (10:26)

That's so cool. It's good to speak with you again, Brian. Congratulations on being a keynote speaker at spacecom. That is not a small deal, so I just wanted to say that, and that's part of the reason we're talking to each other today, is to. I would love to get a little preview of what you're going to be sharing with everybody, but before we get to that, I always love to pick your brain and I really want to know what you're excited about. Space industry wise.

Brian Miske (10:47)

Right now, what's really interesting is that space is becoming the next digital infrastructure for the world. So if we were prescient back in 1997 to see how the Internet would change everything, we're at that inflection point right now and we're seeing that this digital infrastructure or invisible mesh, is really impacting everything from terrestrial to an orbital economy, which will eventually turn into a lunar economy, Martian and deep space and beyond. So there's a lot of opportunity in front of us and I think we're starting to see some roadmaps, not only from a national security perspective, but really viewing space as the limited, as an unlimited domain of exploration, innovation and commerce.

Maria Ramazas (11:38)

That's fantastic. And it feels like there's maybe a connection to what you want to share. At the keynote. You're going to be sharing with the audience some of your vision, not just about what's exciting in space, obviously that's always very cool, but also you're going to be putting a challenge to everyone and I'm wondering if you give me a preview of that.

Brian Miske (11:54)

Well, what's interesting, we're at a crossroads, quite frankly. And the people that are attending this conference has deep experience in the space sector. But space cannot be relegated to just the classic aerospace and defense vertical. It impacts every single sector. And I've put it into this construct of plus space. So it's every industry sector plus space, banking plus space, insurance plus space, consumer products, plus space. We're seeing things that companies and organizations are doing right now. And over the next 12 months, then I have a trajectory of near now, near next of the next three to five years. What will be that time horizon? What will be happening? We're seeing five to six different private space stations going up in the next three years or four years, right?

Maria Ramazas (12:48)

Yeah.

Brian Miske (12:49)

And then next is five to 10 years. And the reason why I use the 10 year trajectory is because a lot of the. I would say the majority of speculation about the space economy achieving 1.8 trillion and beyond, they're using 2035 as the marker. What's interesting is we can get into all these different types of projections, but it really gets into what really needs to be true in order to help realize this. It's not so much about the old promise of $1 trillion plus by 2040. It's not about the numbers, but what you're seeing is the time to realization has sped up by 30%. It's decreased five years while the trajectory of the dollar amount has gone up 80%. It's all saying that change is happening and it's happening quickly. We're looking at different sovereign space agencies and nation states. Start developing space strategies. Looking at the commercial dynamics. A lot of the US regulations are enticing a lot of entrepreneurs that capitalize upon that. And I will be asking the audience and this broader audience here is to think differently. Widen your aperture on space. Create dialogues outside the industry, not into just adjacent industries, but into industries that you didn't think would be leveraging space, pharmaceuticals, life science, bioscience. You look at physical AI, robotics for in space assembly and manufacturing and the roadmap associated with that. Tokenizing space assets. When we're thinking about banking or insurance or different types of assets from that perspective. And then also I mentioned the space stations, but it's really about capitalizing upon the need to explore different topics, disciplines and everything else in more of a commercial atmosphere. Not going to get into tourism. I think that will evolve pretty significantly. Orbital data centers. Right. We've heard that over the last six months reach a screaming point.

Maria Ramazas (15:05)

It's a good way of putting it.

Brian Miske (15:06)

But it was basically it gets into. It started with kind of the AI compute and the energy associated with that and offsetting that potentially low earth orbit. It's not the full solution, but it's part of a portfolio of approaches of how humanity is addressing this need. But then capitalizing upon latency and kind of reducing that. And on orbit processing of data. There's a lot of different models and commercial models that are going to be created. And my constant question is are you ready? Are we ready? We're trying to capitalize upon that at KPMG through different types of exploration. It's not just relegated to technology. We use technology, but we focus on every single industry. And how can we bring space into the mix? Like I said, if you were prescient back in 1997 and I'm dating myself, that's something that I think is paramount to what's happening in the space economy right now.

Maria Ramazas (16:10)

You were mentioning the things that need to happen for us to realize the 2035, the projections, and I'm wondering, what do you see as barriers to be overcome for 2035's vision to materialize?

Brian Miske (16:25)

Well, it's almost. It's asking a different type of question. What are the components that start to address the problems that need to be solved?

Maria Ramazas (16:34)

Yeah, right. Okay. Yep.

Brian Miske (16:35)

So I kind of reduce it to this construct of the five Rs, which is resilience, regulation, risk reach and revenue. It starts off where you start to look at resilience, keeping services operating, having kind of redundancy plans associated with that. And that's what we're seeing with kind of the satellite networks in general. But how does that apply to different aspects of the space value chain regulations?

Maria Ramazas (17:02)

Everybody loves talking about it. Yeah.

Brian Miske (17:05)

You know, part of it is how do we create regulation not just within the U.S. but globally, to help the ecosystem increase and operate at market speed? Right. Because there's expectations associated with that. So how can we help establish organization, realize new opportunities of operating in space or capitalizing on space for Earth type of technologies, but also startups looking at the startup ecosystem, there are a lot of entrepreneurs, and we're working with a great deal of them along with Seraphim directly on this. And that's something that we see as a global opportunity to really become part of the ecosystem. And when I say ecosystem, I really want to be clear here is that as I said at the very beginning, it's not just the vertical, the aerospace primes that play a very specific role. They have different space divisions and they all work in harmony with a lot of the different things associated with national security, which is important. But now we see dual use coming into play.

NordLayer/Cybersecurity Advertiser (18:16)

Right.

Brian Miske (18:17)

So that's a combination of how do we leverage some of the things that we're doing for national security and commercialize that across multiple industries. That plays directly into plus space. But we also see academia, we see civil agencies beyond NASA leveraging space assets. There's startups, private equity, venture capital, and the Fortune, Fortune 1000 and beyond. Back in 1997, we said that everyone is going to need an Internet strategy, and people pushed that off or gave a specific level of eye roll. Everyone will need a strategy for how they're going to leverage space. And how do you execute upon that? Some of the bigger things associated with that. When I said resilience, regulation, risk, reach and revenue. Reach and revenue, we kind of understand. But risk has always been a challenge, right, because the narrative around space is space is hard.

Maria Ramazas (19:17)

Oh, yeah, that's the phrase that we bandy about all the time. Yeah.

Brian Miske (19:21)

And space is hard. But the key thing here, which is really important, is to widen that aperture, to understand, can I use risk as an asset? Can I look at the social, technological, economic, environmental, political, geopolitical and health, some of those signals in the market to help leverage risk as an asset, Becoming more intimate with the interdependencies associated with these risks. So not all of them are equal. Right. So you have to balance that out. So, yes, space, while space is hard, I think we need to change the narrative to be more ambitious, more aspirational. And I see plus space as an opportunity to look at that trajectory not only for organizations, but for humanity.

Maria Ramazas (20:14)

Space is hard. And that's awesome. To change the narrative, to put it in my gamer speak, that's how I would.

Brian Miske (20:20)

It's interesting, right, because we're also seeing different types of technologies start to get unlocked. You know, in 20, 2016, 2017, I was doing some work with AI and a lot of people said, well, I think you're a little too early. Right. So, okay, but I think we need to do the things that we do well on a consistent basis and optimize that, but also start to experiment. So to compete in a market of near constant disruption, you need to experiment with intention and learn from that. And we see a lot of that with a lot of the space sector companies doing that. They're experimenting, they're failing, but they're learning from it so they can actually move faster and capitalize upon that. I do think that in terms of the funding, while the government is the primary funder of a lot of the things that are happening from a space perspective now, it's really private capital. We're looking at capital flows, we're looking at different types of investments and asset classes that are participating in it. And there's a lot of room for improvement, obviously, from what we saw several years ago with SPACs. But ultimately it's how do we capitalize on what is the new area? Because I do believe that there's an opportunity to tokenize a lot of things that we're doing with space, especially with the volume of data and information that we're able to collect on orbit right now. So again, that's another thing that gets me really excited is the whole aspects of blockchain and space. You know, whoever thought that the two would go together?

Maria Ramazas (22:22)

I'll be right back.

NordLayer/Cybersecurity Advertiser (22:28)

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Maria Ramazas (23:12)

Welcome back. Here's a quick win for NASA and for anyone who likes their space science neat, tidy, and actually working. The US Space Agency's arcstone instrument has officially wrapped up its primary mission. And yes, that is a success story because arcstone isn't flashy. It's not taking selfies or chasing asteroids. Instead, it's doing something that's really quietly essential, really measuring sunlight very precisely from space. So, okay, why does that matter? Well, because arcstone acts like a gold standard light meter in orbit. It helps scientists calibrate Earth observing satellites so we can trust the data that they send back. Climate models, weather forecasts, environmental monitoring. Yeah, all of that gets better when your sunlight math is solid. So after months of on orbit operations, arcstone delivered high quality solar measurements exactly as planned, proving that the tech works and paving the way for future missions. So yeah, no explosions, no drama. Just excellent space engineering getting the job done. Because sometimes the biggest wins in space are indeed the ones that quietly make everything else much better. And that, my friends, is T minus. Brought to you by N2K CyberWire we'd love to know what you think of our podcast. Your feedback ensures we deliver the insights that keep you a step ahead in the rapidly changing space industry. If you like our show, please share a rating and review in your podcast app. Please also fill out the survey in the show notes or send an email to space2k.com we are proud that N2K Cyberwire is part of the daily routine of the most influential leaders and operators in the public and private sector. From the Fortune 500 to many of the world's preeminent intelligence and law enforcement agencies, N2K helps space and cybersecurity professionals grow, learn, and stay informed as the nexus for discovery and connection. We bring you the people, the technology and the ideas shaping the future of secure innovation. Learn how@n2k.com N2K Senior Producer is Alice Carruth. Our producer is Liz Stokes. We are mixed by Elliot Peltzman and Trey Hester with original music by Elliot Peltzman. Our Executive producer is Jennifer Ibin. Peter Kilby is our publisher and I'm your host, Maria Varmazes. Thank you for listening. We'll see you tomorrow.

Brian Miske (25:50)

T minus.

NordLayer/Cybersecurity Advertiser (26:06)

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