Nice article in yesterdays FT about the outlook for the New Space industry. Our view is that the traditional space industry will begin buying up interesting start-ups. In addition to acquiring technologies and business models, they will be gaining people who have a different DNA from those in the traditional space industry. I would guess that in 10 years’ time the majority of revenues from some of these players will come from business lines that don’t exist today.
Airbus is one of Seraphim’s investors along with several other big sector names including, SES, Telespazio, Surrey Satellite Technology and Teledyne e2v. They are effectively collaborating by co-investing, says Mr Boggett. In addition to profit, their goal is to gain insight into what is happening in the start-up market, he adds. “They want that visibility because they want to become customers and partners of those companies, and to acquire them to make sure they retain their cutting edge.”