Money Maze Podcast 167: Space: The Next Frontier of Asset Allocation? With Mark Boggett, CEO of Seraphim Space
Feb 20, 2025
Mark Boggett, CEO of Seraphim Space and head of the first listed space tech fund, shares his insights on the booming space sector potentially worth $1.8 trillion by 2035. He explains how Elon Musk revolutionized launch economics, enabling new opportunities in satellite technology. Discussing their investment focus, Mark highlights shorter-path-to-profit companies addressing Earth’s challenges, the significance of real-time satellite data, and how defense procurement is accelerating commercial space adoption. Mark's passion for leveraging space to combat climate issues adds a fascinating perspective to the conversation.
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Proprietary Dealflow Is A Competitive Edge
- Seraphim sees 100–200 space deals monthly, representing >75% of global space dealflow.
- That dealflow creates an information advantage to identify emerging category leaders early.
Filter Aggressively, Then Do Deep Diligence
- Narrow deal screening by strict thematic focus and competitive positioning to reduce hundreds to a few targets.
- Travel and deep diligence once a potential category leader is identified.
Independent Experts Guard Investment Decisions
- Seraphim uses an independent advisory committee of space and software veterans to challenge investment decisions.
- Conflicts trigger committee-led decisions to preserve governance integrity.