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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Musk Changed The Economics Of Launch
- Elon Musk forced a cost-driven revolution by redesigning rockets and accepting higher risk to innovate.
- Reusability and 3D printing slashed launch and satellite costs, enabling new business models.
Constellations Beat Single Mega-Satellites
- Smaller, cheaper satellites enable constellations instead of single mega-satellites.
- Constellations unlock high-frequency data and communications at far lower cost per function.
Super-Heavy Rockets Unlock New Infrastructure
- Starship and super-heavy reusable rockets will halve cost-per-kilo and raise payload capacity.
- That enables large-scale space infrastructure like data-centres, manufacturing, and orbital cell towers.