A lot of people want to invest in SpaceX but have no idea how.
Well, a team at Angelflow in Hong Kong figured out how to democratize the investment for smaller-ticket investors.
They put together a syndicate originally to invest in the SpaceX secondaries market but, with good timing and good connections, ended up with a half-million-dollar allocation on the latest August 2025 primary round.
We chat with Angelflow CEO Sean Greenhalgh and Investment/Operations TJ Yen about the deal, how it went down and their outlook on SpaceX investments.
Watch on YouTube Link to the RSS/feed for podcast here (available on all podcast platforms soon): https://feeds.captivate.fm/spacetechfinance/
Full unedited transcript
00:00:11:20 – 00:00:39:22
James
Okay this is James Ockenden with Space Tech Finance. And I’m here at Angelflow in Hong Kong. I’m here with Sean Greenhalgh. He’s the CEO of Angelflow. And TJ Yen who’s the investment manager and operations at Angelflow. And Angelflow has just put a placement into SpaceX, which is very interesting because it’s allowed investors in Hong Kong and the region to have a direct access into space.
00:00:39:29 – 00:00:48:13
James
And we thought we’d come and talk to you about that. So, Sean, can you just kick us off and tell us a, how did this come about?
00:00:48:13 – 00:01:07:29
Sean
Yeah. So one of our things that we tried to get, happening at Angelflow is we wanted to democratize early stage investing and give people access to private deals, which, you know, typically you’d, have a private banker who would have a minimum check size of $1 million for some of these deals, whether it’s secondary or primary.
00:01:08:06 – 00:01:30:08
Sean
But we thought that that was way too high, especially for people who are just starting to get into investing and are new into private markets. So we thought, hey, we’re doing some early stage startup deals, but to kind of get people a little bit more into investing and understanding about, like these sorts of investments was, to do something with a slightly larger name.
00:01:30:08 – 00:02:01:14
Sean
So we started thinking about the idea of doing secondaries. And that would have been, for a large, well-known company. So we tapped the friend on the shoulder who has a lots of access to secondaries in the US, and it was basically between SpaceX and OpenAI. And even though I’m very big into AI and like that sort of space, I’ve always had a soft spot for space, but primarily I kind of like looked at the two companies.
00:02:01:14 – 00:02:43:10
Sean
And AI is in such a interesting place right now that it’s really hard to find a winner. But space has been so far ahead of the curve that, we decided, yeah, this is not only a company that we like, but a really great investment. So we started, going out to our syndicate members and saying, hey, we’re considering doing a secondary deal on SpaceX, but one of our other co-founders, actually had an ex-colleague who is part of a VC firm who was investing into a primary round, which, Elon decided to do for SpaceX, and it meant that instead of doing a secondary where we’d be buying shares of other
00:02:43:10 – 00:02:59:19
Sean
investors, typically at a higher price, it meant we invested alongside, some primary investors and got primary access to the shares, which meant that it was at a much better valuation, much better price. And it was just great time for everyone.
00:02:59:21 – 00:03:04:09
James
Yeah, yeah. So how many syndicate members have you got? Just to, for this for this deal?
00:03:04:13 – 00:03:06:22
Sean
Oh, gosh. I mean, how many do we have?
00:03:06:26 – 00:03:11:19
TJ
We’ve got close to 100 at the moment. So just shy of that. Yeah.
00:03:11:23 – 00:03:15:00
Sean
And I think it was about 29, 27, 29
00:03:15:00 – 00:03:15:29
TJ
roughly that. Yeah.
00:03:16:03 – 00:03:17:11
Sean
In, in this deal.
00:03:17:11 – 00:03:18:06
James
Oh, right. Yeah.
00:03:18:09 – 00:03:26:12
Sean
So it was just, here under half a mill, USD that, net of, allocation that we managed to put together.
00:03:26:15 – 00:03:35:06
James
Yeah. Yeah. So we’re talking relatively smaller sort of retail investors here or these, these are sort of more experienced investors in your syndicate?
00:03:35:07 – 00:03:48:22
Sean
Well, because of the way that syndicates work and, the rules and regulations, everybody has to be, professional investor to be able to invest in these sorts of deals, but it’s kind of looking more towards the size of what a retail investor would invest in.
00:03:48:22 – 00:04:17:27
Sean
Because even if you’re a professional investor, sometimes you know, the allocations that were available to them, especially in the secondaries market, like minimum check sizes of a million US is is a lot higher than even most professional investors with, early stage professional investors would do. So that’s why we we split that one up and, managed to get it into a smaller check sizes of, about, $10,000 USD each, which meant that it, it was a lot more palatable.
00:04:17:27 – 00:04:21:15
Sean
And it was a nice, good entry point for people who wanted to start investing in this space.
00:04:21:16 – 00:04:35:01
James
Yeah. And how many of those members were because you talked about space, you know, versus I obviously there’s a glamour to the space side. How many are just drawn into that or, you know, compared to the actual fundamentals of the investment?
00:04:35:03 – 00:04:47:18
Sean
Oh gosh, I, I talking about the fundamentals I think TJ is better one to answer this one. But I’m a big space nerd and I’ve always liked space. But just aside from that one, it was a it was just a great investment as well.
00:04:47:21 – 00:05:00:05
TJ
Yes. So I think in terms of if you look at where SpaceX is at, if you if you look at sort of a lot of the public commentary that’s out there at the moment, they’re probably going to do about 15 billion or so this year.
00:05:00:08 – 00:05:29:22
TJ
Next year, they’re projected to do 26, in that range. And so it made sense from, I guess, a valuation standpoint of, of where we got in. My understanding is that secondary markets now trading probably about 10% above, what the current round is at. And so it was fortunate for us that we were able to, come into this, this round, at the price that we did there.
00:05:29:22 – 00:05:57:10
TJ
So, yeah, I think if you look at SpaceX, they virtually have a hand lock on launch services in the United States. A lot of other markets also rely upon them for rideshare as well. There’s only a handful of nations on, on the planet that actually can do launch. And, and so you talk about United States, Russia, China, possibly to a small extent India.
00:05:57:12 – 00:06:22:20
TJ
And so there is a big reliance upon that. I think SpaceX probably accounts for at least 60 or 70% of launch services in the United States, plus with Starlink on top of that, as well. And they’re bringing on more and more markets on, all the time. And so when you look at the total addressable market that they’re looking at, it’s going to be anywhere between, you know, half the world’s population plus.
00:06:22:22 – 00:06:36:01
TJ
And so when you look at both where they’re at and also the market opportunity that they have and their market positioning, it stands to be a promising opportunity, to actually go into space.
00:06:36:03 – 00:06:54:18
James
Yeah. Yeah. I was actually surprised Starlink announced it had, 7 million customers, which I thought was actually a lot lower than expected, given I’ve seen it in a field in Dorset in the middle of nowhere by this, at a socialist festival, which is, you know, kind of anti Elon and, and anti-SpaceX.
00:06:54:19 – 00:07:03:23
James
But there’s this guy with a with a Starlink terminal on his, on his van. And I actually asked him about it and he was very defensive., he was like “it works great. Just go away” you know.
00:07:03:23 – 00:07:20:14
Sean
Well you know it. It’s an amazing service. Like I, I almost used it to replace the National Broadband Network connection I had in, in Sydney when I was living there because weirdly, like the connection that was coming into our building was actually slower than the typical connection you could get on Starlink.
00:07:20:15 – 00:07:37:27
Sean
Yeah. And although it meant that I’d have to do some sort of crazy, crazy attachment to the satellite, I it would have worked better in, in terms of that. Yeah. But you know, it’s it’s like it, it’s kind of two sides of this business which are amazing. And I’m, I’m very much a space nerd.
00:07:37:27 – 00:07:57:04
Sean
It’s like, you know, I watched the first, time that NASA launched their astronauts with a commercial entity, which was, the first was with, with SpaceX. And I’ve even got the Zero-G indicator, the little plush toy that they used on that one. The shiny little, little dinosaur. Yeah, I’ve got that one. My wife bought that one.
00:07:57:04 – 00:08:24:28
Sean
So we’ve got several of them at home because she was trying to get one for me as a surprise. But I think even looking back at my past, I’ve always kind of like loved the whole space exploration side of things. But for me, I even years and years ago worked with a company, well, not worked with a company, but helped out a, a company that was in an accelerator program with me that ended up sending, a Raspberry Pi onto the International Space Station, although that didn’t go on a on a SpaceX rocket.
00:08:24:28 – 00:08:40:03
Sean
It was supposed to. But like, you know, I can happily say, oh, I’ve at least had a little bit of a, an impact in putting something into space. So that’s, that’s kind of like, makes me all nerdy and happy about space exploration and SpaceX and all these companies.
00:08:40:03 – 00:08:44:19
James
Yeah, yeah. TJ similar views on space or are you just a hard numbers man?
00:08:44:21 – 00:09:15:18
TJ
Yeah, absolutely. I think that if you look at SpaceX’s mission, it’s really around sort of bringing down the cost of launch and, making space a little more accessible. They’re already doing that. I think the long-term ambition is to be able to deliver a payload somewhere in the range of five, $10 million US. And if they can do that over the next decade or so, it’s going to create sort of tremendous amounts of opportunities, not just for space itself, but sort of any adjacent sort of space related industries there.
00:09:15:18 – 00:09:42:17
TJ
So we’re talking everything from your new types of satellites, spectral imaging, a whole variety of different industries are starting to spring up now already, just because, you know, the unit cost of getting to spaces is coming down there. Yeah. You know, I’ve, I personally have invested in space for a little while now, so looked at a range of different companies, everything from, you know, propulsion systems, space mobility, space communications, different types of imaging.
00:09:42:23 – 00:09:58:20
TJ
And of course, you know, the nuts and bolts of things like, advanced materials. So, you know, heat shielding-type companies that, just trying to make it easier, to, for us to send stuff into space and make it more reusable as well.
00:09:58:26 – 00:10:03:08
James
Yeah, yeah.
And I think that’s a big question is, you know, it’s not just the big names.
00:10:03:08 – 00:10:19:03
James
There’s, behind SpaceX, there’s hundreds of small engineering companies that no one’s ever heard of, probably making transmitters. And like you say, all sorts of components. So is that a good bet to to get into the space [sector] investment?
00:10:19:06 – 00:10:28:09
TJ
I think it’s an early bet. I think time will tell around that. Yeah, but we are seeing, the growth in the sector there.
00:10:28:11 – 00:10:51:00
TJ
As with any sort of venture style deal, you’re really sort of, making a calculated bet that, you know, a handful of companies can become sort of market winners there, I guess, to put that into perspective. I was quoted a stat once where, you know, rough this, you know, probably about 1 in 15 or so space companies succeed.
00:10:51:00 – 00:11:16:26
TJ
And the ones that do, sort of overperform there. And so it’s really sort of taking a long term view around what are the types of industries that that could be, built and grown from today, and how is this going to be relevant in, in sort of the next ten years? There? Things I probably tend to steer clear of is, you know, things that are a bit more, science fiction in nature.
00:11:16:26 – 00:11:23:17
TJ
So things like asteroid mining and all that type of stuff. I’m sure that will take place, but maybe not in our lifetimes.
00:11:23:20 – 00:11:23:27
James
Right.
00:11:23:27 – 00:11:27:02
TJ
But where it’s going to become, you know, big scalable businesses.
00:11:27:02 – 00:11:34:20
Sean
Oh, that’s the… even the physics of that one, like, even blows my mind. It’s like having to train to literally thread, what is it?
00:11:34:20 – 00:11:42:17
Sean
Thread a needle in in in space. Like, it’s, it’s just something that I just it’s incredibly hard to do.
00:11:42:23 – 00:11:52:08
TJ
Yeah. A lot has to go right between now and then. And then, you know, you have to prove that there’s a business, a real business, then and then it’s scalable then. So.
00:11:52:12 – 00:11:55:21
James
Yeah. So that 1 in 15 is very interesting.
00:11:55:21 – 00:12:04:27
James
Is that would you say that’s across all the sectors. So in propulsion, you know, 1 in 15 or other sort of sectors where there are clear standout, you know, choices?
00:12:05:00 – 00:12:13:27
TJ
Well, there’s a whole bunch of launch companies at the moment that are up and coming. Obviously SpaceX stands out, but there are sort of other sort of areas as well.
00:12:13:27 – 00:12:42:20
TJ
So advanced materials, there are different companies doing propulsion systems there. There are different companies doing, different types of imaging or different types of communications there. And so, you know, it is sort of looking at the sector and going, where’s the scale, the opportunity going to be? Is it coming at the right price? But also, you know, what is the, the traction, of those companies and what’s the background of the founders there?
00:12:42:20 – 00:12:53:25
TJ
So you’re looking at sort of, a broad range of factors and trying to sort of make a bet or make a guess as to who do you think’s going to succeed there.
00:12:53:27 – 00:13:17:01
Sean
Plus I think, like, you know, democratizing access to space is something that SpaceX and many of the other companies are trying to do. So it does almost create another whole vertical for a space startups, because it means that if you can design like there’s so many micro science and CubeSat companies that are popping up now, it’s like that would have been impossible to have in the past with a price of like how much it actually cost to get a payload into space.
00:13:17:01 – 00:13:38:13
Sean
But now the fact that they can do that on a much lower price means that it suddenly becomes more palatable, and that means that smaller companies can do it than before. And I mean, you know, it used to be the large companies were the only ones who could do satellites into space. And if it’s not, if it’s not the large companies like Lockheed Martin and those companies, then it’s the governments.
00:13:38:13 – 00:13:57:27
Sean
But now you can send a small CubeSat into space. I mean, there’s I think it was a New Zealand company or an Australian company was like sending lots of CubeSats. And I think they were, because they do one launch with multiple satellites. It actually brought the price down to like almost single digits, millions, I think, into space if I recall the numbers properly.
00:13:57:27 – 00:14:10:14
Sean
But you know, it’s just the fact that with it, with the access to space, bringing down the price to put something into space means that it it does create a whole ‘nother industry that wasn’t there previously.
00:14:10:16 – 00:14:17:04
James
Yeah. So back to Angelflow and you know, so what are you doing to educate investors about the about the sector?
00:14:17:06 – 00:14:37:00
Sean
Oh, that’s an interesting one because at the moment we’re spending a lot of time trying to educate investors about early stage investing or even, investing into private markets, because lots of people have experience when it comes to a stock market or like, you know, or in the areas of business that they’ve made their money, sometimes it’s manufacturing.
00:14:37:03 – 00:15:00:11
Sean
Quite often here in Hong Kong, it’s property. And just trying to explain how things are different in this space, especially like when it talks about, oh, you’re going to be making an investment that won’t have any exit until like at least 5 to 10 years. People are expecting to be able to liquidate their positions, which isn’t really what you do or what you want to do in, in private markets investing.
00:15:00:11 – 00:15:27:06
Sean
I mean, you know, there’s always secondaries and things like that that you can do, but like it’s not really up to you as much as it’s up to fund managers or the company itself. But there’s, there’s quite a lot of, different events that are talking about space and space tech. I mean, TJ has invited me to a couple, which unfortunately, I haven’t been to just yet, but it does seem like there’s people who are interested in private investing as well as in space tech.
00:15:27:09 – 00:15:38:00
Sean
And then there are people like yourself who are kind of like creating that intersection between them to help educate people and, open up the market so that they understand a little bit more about what’s going on.
00:15:38:02 – 00:15:47:21
TJ
Yeah, absolutely. You know, fundamentally comes down to this. It’s, creating up more opportunities for people to get access. And number two, you’re right.
00:15:47:21 – 00:16:09:27
TJ
It’s about sort of broadening the range of education, whether it’s, you know, space tech or AI, whether it’s sort of, robotics, all those types of things. I think that people are broadly interested may sectors. But it comes down to the fact that there hasn’t really been a way for them to get, access previously.
00:16:09:29 – 00:16:31:00
TJ
As Sean mentioned, the traditional way is to go through a private banker where the, the ticket sizes, tend to be much higher. And you really need those preexisting relationships to actually, even know that these things are possible. And so really, our goal is to make, these sectors a lot more accessible for people.
00:16:31:03 – 00:16:38:08
TJ
Both on, you know, just getting in in the first place, but also understanding what’s available out there. And, you know, what are some of those opportunities?
00:16:38:10 – 00:16:39:00
James
Yeah. Yeah.
00:16:39:03 – 00:17:00:07
Sean
Yeah, there’s three things that we say we’re trying to do at Angelflow. And it’s democratizing the investment, but it’s by giving deal access because quite often with these sorts of deals, as I said, it’s it was, my co-founder Rob, who had a previous relationship with a VC that actually, gave us access to the deal.
00:17:00:07 – 00:17:27:10
Sean
So it’s like, this isn’t something that most normal people would have just available to them. The other side of things is expertise. Like, I might know the technical side of things and be the space rocketing nerd, like, you know, when it comes to actually wanting to do the deal for space. But when it comes down to the raw numbers and, trying to find out if it is a good investment and if the allocation that we have is good, I turn to TJ, who can do the technical analysis on that one.
00:17:27:12 – 00:18:06:18
Sean
And the third one, which we’ve mentioned a couple of times, is that the check size. Because like, you know, one of the best ways in early stage investing to make sure that you de-risk your portfolio is by diversification. So at Angelflow, what we’re trying to do is we’re helping people put together syndicates or angel clubs. So it means that instead of if you were to put in $100,000 into startups or, or into private, companies in one year, it’s like instead of doing $100,000, putting it into one and potentially losing it all means that you can get together nine other friends, put together your, investment club, and do $10,000 across ten investments means
00:18:06:18 – 00:18:30:08
Sean
you’re still doing $100,000, but you have a higher chance of playing that portfolio game and getting into the power slot. The same thing that VCs and other investors have known for years and years. And, you know, that’s the thing we’re trying to do. We’re trying to empower. We did, deal on space, but, you know, there’s going to certainly be other people in different areas which want to run a syndicate of their own and have access to different deals.
00:18:30:10 – 00:18:38:03
Sean
But, you know, for us, it’s it was just a happy thing that we looked at space and realized that that was something internally that we all loved.
00:18:38:03 – 00:18:47:14
James
Yeah. So that came up. I think I met you the first time I met you was probably the day after you closed that deal, and you hadn’t slept for a week because you’d been on US time.
00:18:47:14 – 00:18:55:07
James
And, so literally you. So it’s because of a connection that you had through the secondary market that,
00:18:55:07 – 00:19:10:20
Sean
well, initially it was through the secondary market, but it like, while we were actually doing it, we had a better allocation in the primary market, and that was from connections between a VC who was putting in a much larger check size than we are going to do.
00:19:10:20 – 00:19:35:13
Sean
But quite often these VCs would allow other investors to come alongside them if they can organize things and put things together. As long as you actually have the connection and the relationships with them. So we would have been doing what would have been called a co-investment into this deal. So, their main fund would have put in the, the lion’s share of the investment, and then smaller investors who wanted to invest in smaller amounts or.
00:19:35:13 – 00:19:53:09
Sean
Well, when I say smaller amounts, still talking to millions of dollars into this one. But for us, they gave us an allocation that we could invest alongside. So it allowed us we initially, I think initially said we were going to look at a $200,000 investment and then it’s just because of the terms and because of the outreach that we did,
00:19:53:11 – 00:19:57:00
Sean
suddenly people got really excited and we doubled that quite quickly.
00:19:57:08 – 00:20:01:11
James
Yeah. Like people in Hong Kong or they’re actually people worldwide?
00:20:01:11 – 00:20:14:27
Sean
I think most of them were in Hong Kong. But the thing is that some of them were, in Canada, in the US as well, because, you know, it’s just one of these things where the deal access is, is probably the hardest part of most of these things.
00:20:14:27 – 00:20:20:20
Sean
And it’s kind of like trying to find who has the best deal access to these, to these investments. Yeah.
00:20:20:23 – 00:20:27:07
James
Did this make any noise in Hong Kong at all? Was there any sort of local media interested in this or financial press?
00:20:27:07 – 00:20:46:04
Sean
Well, because of the way in the nature of these sorts of investments, the way that we actually can publicize it is very tight with the SFC regulations and things like that, because these are still private market deals and it’s not retail investors and it’s professional investors only.
00:20:46:06 – 00:21:09:16
Sean
We have to first make sure that people join our syndicate before we can actually tell them our deal details, because it is very much so private market deal have to make sure it’s professional investor only and we’re not doing public solicitation. And the other side of things is we’re working with a fund manager in the US who kind of like is underwriting the structure itself, just so that we make sure that we’re all compliant and we’re not doing anything wrong.
00:21:09:18 – 00:21:15:02
James
Yeah. Okay. So, exit for SpaceX, what’s that going to look like?
00:21:15:04 – 00:21:18:20
Sean
Oh, I have my thoughts.
00:21:18:20 – 00:21:37:12
TJ
I think, broad plans to hold things to, some sort of liquidity event, so hopefully some sort of IPO. But, you know, ultimately that will depend upon space and the management there. So but, you know, I think, everyone has has a, broadly, a bullish about space for the long term there.
00:21:37:12 – 00:22:00:17
TJ
So, you know, our expectation is to hold it and, hopefully have an exit in the future. Yeah. You have a time frame at all. I think for us, it’s going to be at least five years or so. But again, you know, if we look at where the, the space is, it very much is, is a long term game there.
00:22:00:17 – 00:22:22:04
TJ
So like, it is in, in, in any sort of venture capital sort of deal. They’re, we’re fortunate that it is a late stage deal. And so, liquidity options tend to be more apparent, but with something like this company where, it’s ultimately going to come down to, where, where the management sits and, and what their long term views are.
00:22:22:08 – 00:22:23:08
James
Yeah.
00:22:23:11 – 00:22:44:00
Sean
Yeah. And my thoughts are exactly the same. I think it’s going to be at least a five years. I mean, there are potential like options to exit earlier if we think that there’s, good value on the table through secondaries. But I personally think that it’s the best idea to stay until IPO. The other option that I kind of see that is a potential that might happen.
00:22:44:00 – 00:23:03:07
Sean
And this is just kind of like, you know, looking at lesser numbers and metrics more just about the technology in the background is the fact that space itself might split from, Starlink, because Starlink is kind of like its own satellite service and like, you know, the way that it actually needs to interact with different governments and helping them with, like, the rural internet and stuff like that.
00:23:03:09 – 00:23:18:20
Sean
So there might be a bifurcation in the company where that one becomes a separate entity, which would be a minor win. And, a, a early liquidity event. But, you know, the the idea for all of us is we’re going to hold the course until IPO.
00:23:18:25 – 00:23:23:29
James
Yeah, yeah. Would you stay in Starlink or the launch?
00:23:24:01 – 00:23:33:22
Sean
Oh, that’s that’s the beautiful thing about this one is the fact that if it does split into two, it means that it’s the most likely case where our shares in SpaceX would end up becoming shares in SpaceX AND
00:23:33:25 – 00:24:01:11
Sean
the new the new entity because it does split that sort of way. So it means that then considering that we’ve done it before, that bifurcation would mean that we’re going to become investors in both of them. And both companies, I think are great. And standalone businesses. But my favorite part is, is a launch business. But, you know, that’s, as I said, more into the fact that I like rockets and the engineering behind “space” in itself.
00:24:01:13 – 00:24:04:14
James
Yeah, it was a good week last week, wasn’t it!
00:24:04:20 – 00:24:05:22
Sean
Ah yes, seeing
00:24:05:25 – 00:24:13:00
James
We were up every morning with the kids and, oh, I have to go to school just before the launch on Monday and then Tuesday and then, yes,
00:24:13:03 – 00:24:15:01
Sean
IFE10 splashdown.
00:24:15:01 – 00:24:15:10
James
Yes.
00:24:15:11 – 00:24:15:29
Sean
Properly.
00:24:15:29 – 00:24:16:22
James
Incredible.
00:24:16:22 – 00:24:22:23
Sean
Apparently they’re going to do, the chopsticks catch the next one, or they’re going to attempt that one, which will be an absolutely fantastic
00:24:22:23 – 00:24:23:02
James
Can’t wait.
00:24:23:05 – 00:24:32:07
James
Yeah. Yeah. Okay. So now that you’ve done one prime, why do you think if there’s another round you’ll be, you know, you’ll be you’ll have better access?
00:24:32:10 – 00:24:46:19
Sean
Yeah, I think, I think the fact that we actually have access to this one and now we have some of the connections, means that if they do another round, we might be able to syndicate that one as well, and maybe have the people who invested in this one in some extras be able to join us for the ride.
00:24:46:19 – 00:24:51:08
Sean
But you in the future is the future, and we can’t be able to tell that one directly off. So yeah.
00:24:51:08 – 00:24:55:08
James
Would you look for another secondary round now you’ve done the primary or
00:24:55:10 – 00:25:07:25
Sean
if the secondary was at the right valuation, maybe we would. But the thing is that when it comes down to it, it’s like we have to we have to look at every deal on a deal per deal basis, which is the way that you do things with, with a syndicate.
00:25:07:25 – 00:25:31:11
Sean
And if we see a good enough deal, then we do put it out to our members, because at the end of the day, everyone still has final say on their capital allocation, unlike a fund where it’s like we’re investing on their behalf. This, this way that we do the investments means that people get to say not only if they want to join the deal, but how much they want to invest into it in each deal and a deal per deal basis.
00:25:31:14 – 00:25:35:28
James
Okay. Well, I think that covers everything. And I think anything to add?
00:25:35:28 – 00:25:55:03
TJ
No. But, you know, thank you for this opportunity to to talk and stuff. Like Sean said, our mission is really to, make it much more accessible for people to get, access to these types of opportunities. And yeah, looking forward to being able to share our next deal.
00:25:55:06 – 00:26:14:28
Sean
Yeah. So, you know, apart from anything else, I think, you know, one of the nice things I, I just saw the other day from SpaceX was having a look at how many times in the last year SpaceX, like, rockets were sent into space and how many times they were turned. And I think SpaceX is the only one who’s actually reusing their rockets, which is an absolutely fantastic thing.
00:26:15:01 – 00:26:32:10
Sean
But for us at Angelflow, like if if you’re interested in getting into not only investments in space, but if you’re looking at, the whole startup investing scene and like looking at early stage investing, then please get in touch with us at Angelflow. It’s, if you’re a startup as well. Doesn’t have to be a space startup.
00:26:32:10 – 00:26:47:03
Sean
We do all sorts of startups, but if it if you’re looking to put together an investment syndicate or if you’re looking to get deal access to, private markets to expand your portfolio, then, we’d love to hear from you.
00:26:47:06 – 00:26:49:23
James
Great stuff. Sean, TJ, thank you very much.
00:26:49:26 – 00:26:50:12
Sean
Thank you.
00:26:50:12 – 00:26:54:19
TJ
Thank you.
