Seraphim Space boss: Investors are at a vital level, issues are taking off

A potential Space X IPO has put space investing in the spotlight but the prospects for investors go far beyond Elon Musk’s posterchild firm, says a UK fund manager with a difference. 

Mark Boggett is manager of Seraphim Space Investment Trust, which offers British investors a unique opportunity to back one of the world’s most talked about industries. 

He joins Simon Lambert on the Investing Show to tell the story of how he became a space investor and how Seraphim Space was launched.

Mark says the trust cherry picks the best companies from Seraphim’s venture funds and targets global growth stage companies that have already fully developed their technology, have substantial revenues and are scaling up.

‘We are very specifically looking for companies that are category leaders in the broader space market,’ says Mark, who explains why space firms are at a critical juncture as defence spending is ramped up.

Most of the companies Seraphim invests in are private firms that would not otherwise be open to stock market investors and Mark says its investment trust structure is crucial to making that a success.

Seraphim Space’s wider business backs them through every stage from its accelerator that backs great ideas, to the venture fund that helps get them off the ground, and the investment trust that takes businesses it already knows well on to the next stage of their growth.

Mark reveals why Seraphim doesn’t invest in Space X, discusses some of the companies it does back and explains its capital raise – and why he believes despite its stratospheric 263 per cent share price rise over the past year – and the current hype around space investing –  the trust is still undervalued. 

Seraphim Space Investment Trust has returned 425 per cent over three years, trades at a 57 per cent premium to net asset value and has ongoing charges of 1.77 per cent.