In a recent episode of the Commercial Space Transformers series, Jason Rainbow, Senior Staff Writer at SpaceNews, interviewed Mark Boggett, CEO of Seraphim Space. The discussion centered on the shifting dynamics of space investment and Seraphim's role as a publicly traded space fund.
Boggett emphasized the dual benefits of being publicly listed, which enhances credibility in markets like the US and Asia, while also presenting challenges related to limited IPO and fundraising opportunities. This environment has compelled Seraphim to adopt a more selective investment strategy, targeting high-growth companies.
Looking ahead, Boggett expressed optimism regarding the future of space investment, particularly with the possibility of a second Trump administration. He suggested that this could lead to increased NASA budgets and defense spending, citing Trump's previous support for initiatives such as the Artemis Accords and the establishment of the Space Force.
In Europe, Boggett highlighted the significance of the Iris² broadband constellation project and the EU's commitment to advancing space technologies. He acknowledged ongoing challenges in scaling startups across Europe, particularly due to a shortage of growth capital. However, he pointed to UK pension reforms intended to boost investment in growth-stage companies as a potential model for broader European adoption.
The SpaceNews Commercial Space Transformers video series provides an inside look at the individuals and companies driving the commercial transformation of the space industry. Each week, viewers can watch 15-minute interviews with influential figures, from executives of major disruptors to the bankers and investors supporting their endeavors. New episodes are released every Tuesday on SpaceNews.com and the SpaceNews YouTube channel.
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