Howard Lutnick
Alright, so lets start with a [inaudible] one, the insurance industry. I mean, imagine youre insuring farms, youre insuring buildings,
youre doing all sorts of things, the cost of sending an adjuster out when theres a, you know, when the when theres a you know, a hurricane or anything happens, theres a hailstorm, theres a fire, the duty to take images
of, precise images, I mean, Satellogic takes submeter images, which means you can count the trees, you count the numbers of, lets say solar panels, whether theyre working or not on solar farms, whether theyre working or not. And
all these kind of things will make it clear that you as an insurance industry, its a massive opportunity, and thats just one example. Obviously, agriculture another, you can see, you know, hows the weather a little here a little
there, you can compare how your crops are doing as compared to the region, and the area around I mean, look at these images, they are unbelievably clear and close, right, and wildly more cost efficient than anybodys ever done before. And
thats why we would be able to offer an incredibly attractive price.
Liz Claman
Well, youre making quite a big investment here. 150 million Steven. So, talk to me about, obviously, you believe in in the pristine and the clarity
of these pictures that were looking at right now. Yeah, thats the Suez Canal when the ship got stuck right in there. Satellogic has a huge advantage. But there are other competitors out there. So how can you be sure that they arent
right up to speed as well?
Secretary Steven Mnuchin
Well,
as you said, look, satellites are not new in the US government, obviously have great satellites at very large costs. The opportunity here is that we can deliver this data at very, very inexpensive levels, so that both the quantity of data that
people can get, and the types of data is really affordable. So that, thats the opportunity, real time very clear data. And as I mentioned, if you combine that with artificial intelligence, theres really just incredible opportunities to
use this data in many, many ways for business.
Howard Lutnick
Right, [inaudible]. So, I literally can tell the brand and type of plane that is taking off from an airfield including youre gonna have a minutes worth
the video if you want, and its you know, so the data is incredible. And the ability, as the Secretary said, putting it through AI, you can do a whole supply chain, you can count the containers on the ships and know exactly where they are
exactly when theyre coming into port. And these kinds of data will just change the way people think about managing their businesses and it will prove this kind of data at the managements fingertips. And I think thats why CFV, which
is the name of our SPAC, and then next week it will be called SATL, but this week, you wanted to buy today its CFV.
Liz
Claman
Yeah, weve got it and you know, CFV right now is actually up, just a few minutes ago, Howard, it was down, which I
find really interesting because the market is all over the place. But once again, when you come on the show, we do have a very focused, its up for the week, but its down right now about three and a third percent. But we have a very
focused and interested investor audience. Steven, the obvious