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

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 20 February 2025

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

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Transcript

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0:00.0	Welcome to the MoneyMays podcast. If this is your first time joining us, I'm the host, Simon Brewer,
0:08.4	and in this show we talk to proving leaders and thinkers from the worlds of business, investing and beyond.
0:14.4	Money talk for money moves. The direction would you choose? It's our money made here to pave the way. To stay up to our money maze
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0:28.5	MoneyMayspodcast.com.
0:30.4	Episodes are also published on our YouTube channel and we're active on all major social media platforms.
0:36.4	Thank you for listening.
0:38.7	For those out there who remember Star Trek, those opening lines, space, the final frontier,
0:45.0	these are the voyages of the Starship Enterprise, its mission to boldly go where no man has
0:50.1	gone before.
0:51.7	Well, with the film Star Trek and Star Wars, Alien, Interstellar, Apollo 13,
0:55.9	all offering tantalizing glimpses of the future, it's actually here now. Science fiction is
1:02.5	science fact. How the World Economic Forum and McKinsey predict that the space sector will reach
1:07.8	a value of 1.8 trillion, that's only one decade ahead, as we record
1:12.9	here on a sunny London in January 2025. And our guest today is CEO of the world's first listed
1:20.6	space tech fund and a leading global space investor. But with your feet firmly on the ground here
1:26.7	sitting opposite me, Mark Poggett,
1:28.8	welcome to the money of his podcast. Hello, thank you for inviting me on and what an introduction.
1:33.2	Well, we also want to welcome a co-interviewer today, Nick Feingold. Now, Nick was our second guest
1:39.9	back in April 2020. Difficult to believe, nearly five years ago. It was recorded remotely in COVID,
1:46.8	and I went back early this week and I re-listen to it, Nick, because you caused great laughter with
1:51.4	listeners when I asked you about going into the city and your choice of degree. And you said a third-class
	...

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