Investing Strategies: Baskets, Diversification, and Patience

Have you thought about investing into space? Mark Boggett, CEO of Seraphim, shares the investment opportunities in the rapidly expanding space industry. He explains how innovations led by SpaceX dramatically lowered launch costs and increased access to space, catalyzing growth in satellite constellations and data-driven applications for defense, climate, and communications. He emphasizes that near-term investment potential lies in defense and climate-related uses of satellite data, rather than speculative ventures like space travel or asteroid mining. He also highlights the growing importance of sustainability, debris management, and more.

We discuss...

• Mark Boggett is a career technology investor who founded Seraphim Space, the world's first space-focused investment fund.
• Seraphim Space operates a global accelerator, a private venture fund, and a publicly listed growth fund on the London Stock Exchange.
• Boggett shifted focus to space investing after recognizing how technologies like AI, telecommunications, and 3D printing were transforming the sector.
• SpaceX revolutionized space access by reducing launch costs from $86,000 to $1,000 per kilogram and dramatically increasing launch frequency.
• Smaller, cheaper satellites now enable massive constellations that provide real-time Earth observation and global connectivity.
• Investment opportunities in space fall into three categories: upstream (launch and satellites), downstream (data and applications), and in-space (future lunar and interplanetary activities).
• The most investable areas today are defense and climate-related satellite data applications rather than speculative space travel or mining.
• The falling cost of launch is paving the way for large-scale space infrastructure, including future data centers powered by solar energy.
• Space debris is an emerging challenge, driving new industries focused on monitoring, avoiding, and removing defunct satellites.
• Regulatory changes now require satellite operators to deorbit defunct satellites within five years, accelerating growth in orbital cleanup services.
• Defense is a major driver of demand for satellite technology in intelligence, communications, navigation, and asset protection.
• The "in-space" category includes lunar landers, space stations, and eventual habitation or mining ventures, though these remain long-term prospects.
• NASA's new funding model relies on private companies like Axiom Space and Voyager to build commercial space stations.
• Boggett concludes that while long-term prospects like lunar mining are exciting, the current trillion-dollar opportunity lies in satellites, data, and communication serving Earth-based customers.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Phil Weiss | Apprise Wealth Management
• Douglas Heagren | Mergent College Advisors

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For more information, visit the show notes at https://moneytreepodcast.com/investing-into-space-mark-boggett-760