Closing Bell Manifest Space: The Capital Comeback with Seraphim Space CEO Mark Boggett 4/27/23
Apr 27, 2023
Mark Boggett, CEO of Seraphim Space, discusses the rebound of private space investment, noting a dramatic 75% increase to $1.4 billion. He highlights the growing interest from VCs in commercial and defense convergence at space conferences. Mark also delves into the future of digital space infrastructure, the rise of moon habitation startups, and the importance of biotech research in microgravity. He shares insights on how Europe is emerging as a leader in space funding and why premium companies remain resilient in the market.
AI Snips
Chapters
Transcript
Episode notes
Space As A Horizontal Digital Infrastructure
- Space is becoming a horizontal market that touches many terrestrial industries, similar to AI's cross-vertical impact.
- Thousands of low Earth orbit satellites form digital infrastructure that enables commercial and defense applications.
Back Profitable, Sustainable Space Companies
- Focus on companies that can generate independent, profitable revenue while pursuing longer-term space projects.
- Back businesses that can sustain themselves until large markets (like cislunar or manufacturing) mature.
Voyager's Rollup-To-Station Strategy
- Voyager grew by acquiring seven profitable companies to assemble capabilities needed to win a $160 million NASA space station contract.
- Each acquired business remains profitable so Voyager can sustain itself while building longer-term space manufacturing and biotech services.