Will Whitehorn

I mean, everything is relying more and more on space.

And of course, as people get scared about the underground and undersea cables that supply the internet,

The demand for internet data from space is starting to rise as well in the fintech sector.

So everything is happening all at once.

The insurance companies want space data because they realize it's more accurate than ground-based data for agricultural assets, buildings, infrastructure projects.

So you've got insurance demand, agricultural demand, climate change demand, and now defense demand rocketing ahead since Ukraine and the Middle East happened over the last three years.

And indeed, you know, I got an OBE today from Prince William, which is one of the first in the space industry, to show that even royalty are catching up.

And actually, one of the first things he asked me was what I thought was going on in the space industry at the moment from the UK's perspective.

No, we don't have a stake in SpaceX.

Only a couple of British investment trusts do have stakes, both of them Scottish-based.

Seraphim, when we started, it was too late to get into SpaceX at that time, which is a shame.

But we have...

We have a lot of exposure to companies I think are going to really benefit from this huge ecosystem of new investment that SpaceX will create.

And I'm looking personally at other companies that will benefit.

And in fact, I bought a stake in one today, which I think will be a beneficiary.

This will have, as I said, a seismic effect on an industry already undergoing an industrial revolution.

It is going to be, you know, for me as an old hand, I mean, I'm 65 now.

And I was around in the days when the Netscape moment happened in 1995, which kicked off that range of internet investment that we still see today.

And I think that this is the space equivalent happening right now.

It's a company called PhilTronic.