Seven months after IPO, Seraphim Space fund CEO Mark Boggett assesses the market, and the ravaged SPAC landscape

by Peter B. de Selding

PARIS — The UK-based Seraphim Space Investment Trust went public on the London Stock Exchange in July with 15 startup space companies in its portfolio. It added six in the ensuing months and another earlier this year.

Managing Director Mark Boggett says the goal is 30-50 companies to provide sufficient diversity to allow Seraphim to ride out market downturns and offset investments that go sour with the winners.

Under the law governing this kind of trust, Seraphim duly laid out to investors the level . . .

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