Emerging Market - Real estate industry is exploring lunar data centers as a new investment frontier [1] - Hines, a real estate investment firm, views lunar development as similar to the early days of railroads, creating new infrastructure in orbit [2][3] - Ethos is planning lunar construction sites to build data centers [4] Investment & Development - Hines acquired a nearly 250,000 square foot (approximately 23,226 square meters) industrial property in Florida's Space Coast to support space construction [4] - The development includes landing pads, roads, and foundations for data centers [4] Technological Advantage - Lunar data centers offer the advantage of natural cooling and solar power [5]

Meanwhile, data centers, as you heard at the beginning of the show, this is the hottest sector in real estate right now. They also literally run hot, consuming more energy than a lot of local grids can handle. So, seriously, what if you put them in outer space.I think we've heard Elon Musk talk about this, but Diana Olick is here to truly explain. Yeah, and I know, Kelly, it sounds nuts, right. It does.Look, but this is one of the next great plays in real estate, lunar construction and development of data c ...

Real Estate & Technology - Data centers in space are emerging as a potential real estate sector due to unlimited solar power and cooling from the vacuum of space [2] - The concept involves lunar construction and development of data centers, addressing constraints on Earth [1][3] - Data is transmitted back to Earth digitally [4] - A company named Ethos is using moon rock to create concrete-like material for construction on the moon [4] Geopolitical & Competitive Landscape - The US is in a race with China, which aims to land astronauts on the moon by 2030 [5] - The US approach involves reusable ships and commercialization [5] Investment & Future Outlook - Hines, a real estate firm, is already investing in Space Coast warehousing to support space-related activities [2] - The real estate play is dependent on the readiness of rockets [5] - A new platform called Property Play is launching, targeting real estate investors [6]