We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode 167: Space: The Next Frontier of Asset Allocation? With Mark Boggett, CEO of Seraphim Space

167: Space: The Next Frontier of Asset Allocation? With Mark Boggett, CEO of Seraphim Space

2025/2/20
logo of podcast Money Maze Podcast

Money Maze Podcast
AI Deep Dive AI Chapters Transcript
People
M
Mark Boggett
Topics
Simon Brewer: 本期节目探讨了太空产业的投资机遇，以及太空科技如何改变世界。 Mark Boggett: 我从1995年开始从事金融行业，见证了科技行业的繁荣，并逐渐将投资方向转向风险投资和太空科技。埃隆·马斯克通过降低发射成本彻底改变了太空产业，促使公共和私人部门争相参与。太空产业过去因政府主导、成本高昂、风险规避而缺乏创新，马斯克的出现改变了这一现状。他通过采用3D打印等新技术，大幅降低了火箭发射成本，并改变了行业对风险的态度。小型化、轻量化、低成本且高效的新型卫星的出现，以及大型卫星星座的部署能力，正在彻底改变卫星产业。SpaceX的“星舰”火箭将进一步降低太空发射成本，开启太空基础设施建设的新时代。Seraphim公司拥有加速器、私人风险基金和增长基金三个业务部门，投资于不同发展阶段的太空科技公司。我们专注于服务地球需求的太空科技公司，以缩短盈利时间，不投资于太空发射、月球探测或火星殖民等领域，而是专注于具有盈利潜力的领域。我们主要投资于利用大型卫星星座构建地球数字基础设施的公司，低成本、高分辨率、近乎实时的地球数据收集，以及人工智能在数据分析中的应用，是Seraphim投资的重点。基于卫星数据的“绿色坐标点”信息将创造巨大的商业价值，类似于GPS的“蓝色坐标点”。Skylo公司利用软件技术，实现了手机与地球静止轨道卫星的直接连接，提供全球范围的通信服务。我们每月收到大量投资机会，并通过自身的专业知识和信息优势进行筛选，注重竞争优势、技术领先性和市场吸引力。大型航天公司作为Seraphim的有限合伙人，提供了行业洞察和尽职调查支持。军事领域的投资正在推动太空科技的快速发展，因为太空技术具有军民两用性。太空技术正从“锦上添花”转变为“必不可少”，这推动了国防和商业领域的投资。Seraphim投资信托的投资组合中有多家公司具有巨大的增长潜力。在过去一年中，我们的投资组合公司实现了显著的收入增长，许多公司已经实现盈利或即将实现盈利。我们正在努力提高市场对投资信托的认知度，以缩小其估值折让。太空旅游业已经存在，而太空采矿和生物制药领域则蕴藏着巨大的未来潜力。太空中的微重力环境为生物制药研发提供了独特的优势。Seraphim投资的多个公司正在利用卫星数据为金融市场和保险行业提供服务，例如，用于极端天气事件的保险理赔。我们投资了多家公司来解决太空垃圾问题，例如Leo Labs和Astroscale。太空领域的监管存在挑战，尤其是在不同国家之间。太空科技能够帮助解决地球面临的气候变化等问题。评估管理团队的能力是我在投资领域最大的挑战。投资信托的估值折让是我目前面临的最大挫折。如果我不从事金融行业，我想成为一名人工智能领域的投资者。 Nick Feingold: 我关注太空产业的投资机遇，并认为英国公司在讲述自身故事方面存在不足，这导致了投资估值折让。 supporting_evidences Jane Doe: 'Another original English quote...'

Deep Dive

Chapters
This chapter explores the burgeoning space sector, its potential value of \$1.8 trillion by 2035, and the role of key players like Elon Musk in revolutionizing the industry. It discusses the shift from government-funded to commercial space ventures, focusing on cost reduction, innovation, and the emergence of new technologies like reusable rockets and miniaturized satellites.
  • Space sector predicted to reach $1.8 trillion by 2035
  • Elon Musk's impact on launch costs
  • Revolution in satellite technology: smaller, cheaper, more effective
  • Emergence of large satellite constellations
  • Dawn of the super heavy rocket era with SpaceX's Starship

Shownotes Transcript

Star Trek’s opening lines were potent: "Space: The final frontier. These are the voyages of the Starship Enterprise. Its mission? To boldly go where no man has gone before!”

Whether Star Trek or Star Wars, such films offered tantalising glimpses of another world. But it’s actually here now! The WEF & McKinsey predict that the space sector will reach a value of $1.8tn by 2035. That’s only 1 decade ahead!

Mark is CEO of the world’s first listed space tech fund, Seraphim Space), and he discusses this final frontier. He explains what is going on in the world of space and where there is money to be made.  

Mark first discusses why Elon Musk has transformed the industry by lowering the price point of launch in such a gargantuan way and why the worlds of public and private are scrambling for a piece of the action.

He describes their investment process, how targets are identified, weighed, and capital allocated. He explains why data, digital infrastructure, communications, health and space debris are priorities, with their emphasis on profitable, shorter term opportunities.

He discusses why the militaries are disproportionately investing, where he thinks money will be made, and why the Seraphim Investment Trust’s discount is a source of continued frustration.

​​The Money Maze Podcast is kindly sponsored by Schroders), World Gold Council), LSEG) and IFM Investors).

Sign up to our Newsletter) | Follow us on LinkedIn |) Watch on YouTube)