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Closing Bell

Manifest Space: The Capital Comeback with Seraphim Space CEO Mark Boggett 4/27/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 27 April 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

While private space investment plummeted back to earth in the recent capital drought, VCs may be looking for a rebound. According to Seraphim Space Index, total investment rebounded 75% to $1.4 billion. Morgan sits down with Seraphim Space CEO Mark Boggett at the Space Symposium to discuss the private market landscape and his outlook. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Space is hard and investing in it is also hard as Central Banks raised interest rates

0:06.5

and capital evaporated private investment into the space sector plunged but the

0:11.2

worst may be over.

0:12.5

According to the Serafim Space Index,

0:14.3

in the first three months of this year,

0:15.7

total investment rebounded to $1.4 billion,

0:19.1

a 75% surge from the final quarter of 2022.

0:23.0

There's been a return to growth stage investing.

0:27.0

So this quarter saw a record number of B rounds, C rounds, D rounds,

0:32.0

E rounds, than any other quarter in the history of our publication.

0:36.0

So that suggests to me that there's been a pause during 2022

0:40.0

as investors just took stock of what was going in on the market.

0:44.0

Mark Bogot is the CEO of Serafim Space, a leading venture capital fund

0:48.0

specializing in, well, space.

0:50.0

He's been investing in the sector through Serafim since 2016 and the firm's

0:54.9

portfolio includes companies that have appeared on this podcast like Leo Labs and

0:59.1

Hawkeye, plus many, many more. In this episode, Bogot joins me from the Space Symposium

1:04.6

in Colorado Springs to discuss the current investing landscape

1:08.4

and where he's making big bets on the future.

1:11.9

I'm Morgan Brennan and this is manifest space.

1:17.0

Mark Boggett of Sarah from space, Thank you so much for joining me today.

1:24.0

Thank you for inviting me.

...

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