Inside Seraphim’s Strategy: Defense, Growth, and the Future of Space Capital

In this episode of Commercial Space Transformers SpaceNews Senior Staff Writer Jason Rainbow speaks with Mark Boggett, CEO, Seraphim Space.The conversation focuses on the evolving landscape of space investment and the role Seraphim plays as a publicly traded space fund. Boggett highlights the dual impact of being publicly listed, noting the increased profile and credibility in markets such as the US and Asia, but also acknowledging the challenges posed by limited IPO and fundraising opportunities. This has led Seraphim to adopt a more selective investment approach, with a focus on high-growth companies.Boggett expresses optimism about the future of space investment, particularly in light of a potential second Trump administration, which he believes could drive increased NASA budgets and defense spending. He cites Trump's previous support for space initiatives like the Artemis Accords and the creation of the Space Force as evidence of his pro-space stance. Boggett also notes the broader implications for NATO defense spending and the trickle-down effect this could have on space-related industries.In Europe, Boggett discusses the impact of the Iris² broadband constellation project and the EU's broader investment in space technologies. He acknowledges the persistent challenge of scaling startups in Europe, citing a lack of growth capital However, he highlights UK pension reforms aimed at increasing investment in growth-stage companies as a potential model for broader European adoption.