Want to go to space?You probably can’t (do so The cost is $ 250,000 Ride the billionaire spaceplane). But you may be able to make money. this week, Seraphim Space Investment Trust, Sir Richard Branson, Listed in the United Kingdom.
There are several exchange-traded funds in the region, which are “the world’s first listed space technology funds,” said Will Whitehorn, former president of Virgin Galactic in Branson.
The idea is “depending on space-based connectivity or accuracy, navigation and timing signals, or the technology or service is already working on the space sector, is originally derived, or brings potential benefits” growth stage Is to invest in space-related companies. ..
The first investment sounds exciting. One is the UK’s Quantum Technology Cryptographic Startup Constellation, a “quantum key distribution” satellite that uses lasers to send things that cannot be hacked, according to Hargreaves Slansdown. .. .. It is an “encryption key” and “has a unicorn status with a valuation of over $ 1 billion after a reverse merger via Spac.” [special purpose acquisition company] Centricus Acquisition Corp. When. ”
It’s a bit out of my expertise, but it’s still exciting! Then there are various satellite companies. There are companies with great names like Altitude Angel and Planet Watchers, and companies that sound more boring, but their purpose isn’t that impressive. Commodity investors, for example, are attracted to the idea of commodity AI. This “easily identifies the best time to buy major metals, agriculture, energy and plastic materials.” “”State-of-the-art artificial intelligence with satellite data to provide commodity price forecasts. ”
Who doesn’t want to invest in this kind of final frontier tech, especially in the months that Branson actually has? Went to the edge of the universe On his rocket plane? There are more. Trust not only jumps into one popular market story, but into two. Most of the new companies in our portfolio have not yet been listed.
So it’s not just about investing in space. Private equity space investment. Seraphim includes a “long term” expectation of a 20% annual private equity return, and of course, a private equity fee. Consider a success fee of 1.25% and 15% per year.
I love this story. So does everyone else. Recently, some boots have failed. This has been oversubscribed. Don’t be surprised. Investors love stories (investment history is one of the really well-known stories), which fits nicely into the enthusiastic relationship between the market and the new physical frontier.
My favorite example is the diving bell bubble of the late 1600s. This began in June 1687 when a ship carrying 40 tons of silver and gold arrived in England (then worth £ 250,000, today about £ 62 million).I had loot, Peter Earl says in his book Treasure huntRaised by a naked diver without a breathing device from the Spanish galleon, Concepcion, which was wrecked 40 years ago.
The King of Spain was not impressed (his ambassador was dispatched to demand the treasure). Everyone else was. Suddenly, every sailor knew how to find a wreck, and every inventor knew how to breathe underwater. And all investors wanted to fund them to go to the shipwreck at the bottom of the sea. The first big promotional stock market boom in British history has begun.
Imagine something fun that you could have with a new trust based on this. Of course, you would have had your basics, share on several expeditions. .. .. Probably a company to retrieve treasure from a shipwreck off the coast of Bermuda. If so, there would have been some companies offering exciting technology for the expedition. Perhaps a company that freshens salt water or owns a diving engine invented by Joseph Williams. The latter would have come with a complex prospectus on different types of ropes, pipes, lead shoes and copper armor. It’s complicated, but exciting!
As historian William Scott pointed out by the promoter of the company he was doing at the time, you may be crazy about the promise of paying dividends to charity. You understand the idea. Funds that jump into ESG these days-environment, society, governance- Current trend Promising to pay charities part of their administration, the new frontier is at the top of the atmosphere, not at the bottom of the sea.
Many of the rest are familiar. The inventors of the diving bell presented their invention to the Thames monarch. Branson has boasted to all of us by actually reaching the edge of the universe.
Both booms are too expensive. In the late 1600s, the war reduced trade opportunities, leaving “many wealthy men with a clear lack of exciting investment opportunities.” Today, low interest rates have done much the same.
Both use new technology. It’s easy to fall into the bubbles.But in him Constitution and finances of a British Scottish-Irish joint-stock company up to 1720Scott states that while it is true that “in principle, two unpaid profits of the same type of venture rarely occur at once”, almost every treasure hunt expedition was a complete failure. It should be said that they are in favor of a great treasure hunt rather than “may be expected at a glance”.
Think of him as “a great advance in invention.” Sure, salt water didn’t work. However, 17 patents filed for early diving bells paved the way for modern diving suits. Huge value has been created.
It just didn’t necessarily happen in the first round of shareholders. The same is true for rail and dot-com bubbles.
The important points are: Whitehorn says there is an “in-progress industrial revolution in space” that offers opportunities “outside the atmosphere,” just as there was an industrial revolution under the sea 300 years ago. .. But that is not a safe investment.
Too many companies can be started when there is a lot of money not chasing enough opportunities. Most fail. Investors sell out and make money on things that don’t fall fast, but most fail and lose a lot of money (like when the bubble burst in the 1690s).
The story is really just a story, not money. Things to remember when wondering whether to buy. Keep an eye out for trust as a long-term punt potential. There are some big winners. I can’t choose them. Perhaps partly encouraged by exorbitant success rewards, Seraphim can do so.
The company space race is a great story — but will it end happily? Source link The company space race is a great story — but will it end happily?
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