Seraphim Space Investment Trust PLC
LSE:SSIT
Seraphim Space Investment Trust PLC
Seraphim Space Investment Trust Plc is a closed-ended investment company. The firm is principally focused on investing in space technology business. The investment objective of the Company is to generate capital growth over the long term through investment in a diversified international portfolio of space technology businesses.
Seraphim Space Investment Trust Plc is a closed-ended investment company. The firm is principally focused on investing in space technology business. The investment objective of the Company is to generate capital growth over the long term through investment in a diversified international portfolio of space technology businesses.
NAV Growth: Net asset value (NAV) per share reached a new record, increasing by 0.9% from 118.52p to 119.55p.
Share Price Discount: The share price fell to 70.8p, widening the discount to NAV from 28% to 41%, which management believes undervalues the portfolio.
Portfolio Progress: Key holdings like ICEYE and HawkEye 360 showed significant gains in fair value, driven by strong contract wins and business momentum.
Sector Momentum: The space investment sector saw a record GBP 3.5 billion of private capital invested in the quarter, with strong growth in both early and late-stage funding.
Defense & ISR Focus: The portfolio is concentrated in intelligence, surveillance, and reconnaissance (ISR) capabilities, with companies such as ICEYE, HawkEye 360, and Pixxel leading in their respective categories.
Liquidity Prospects: Management sees reasonable prospects for further IPOs or liquidity events in the next 12–24 months, subject to market conditions.
