TIDMSSIT
Seraphim Space Investment Trust PLC
05 July 2023
SERAPHIM SPACE INVESTMENT TRUST PLC
(the "Company" or "SSIT")
SpaceTech Sector Newsletter - June 2023
Seraphim Space Investment Trust plc (LSE: SSIT), the world's
first listed S paceTech investment company, publishes its monthly
newsletter to provide updates, based on publicly available
information, on the Company's portfolio investments, its Manager
(Seraphim Space Manager LLP (the "Manager" or "Seraphim Space"))
and the wider SpaceTech market. The following newsletter covers
June 2023.
SSIT Portfolio Update
SpaceX launches satellites from five SSIT portfolio companies
further three Seraphim Space Accelerator alumni
Seraphim portfolio companies made up a significant share of the
SpaceX rocket successfully launched on 12 June 2023. This launch
included 72 payloads, including 13 satellites from five SSIT
portfolio companies ( ICEYE , Tomorrow.io , Spire , D-Orbit and the
first commercial launch for Satellite Vu), along with three
companies from the Manager's affiliated Seraphim Space Accelerator
alumni ( ODIN Space , Starfish Space and Wyvern ). [link]
Portfolio company Tomorrow.io raises $87M in Series E funding
round
Tomorrow.io announced an $87 million Series E funding round and
the successful launch of its second satellite on SpaceX's most
recent launch. Tomorrow.io is the world's only space-powered AI
weather intelligence platform. Activate Capital led the round,
alongside Seraphim Space, RTX Ventures and Chemonics. Tomorrow.io
expects its future constellation of more than 20 satellites will
bring breakthroughs in forecasting and climate observation with
near real-time scans of precipitation and atmospheric profiles.
This funding round will accelerate the constellation deployment and
other strategic initiatives. [link]
Portfolio company Pixxel secures $36M in Series B funding
round
Pixxel secured $36 million in a Series B funding round, with
participation from notable investors including Google. This funding
will propel Pixxel's mission to develop the world's first and
highest-resolution hyperspectral satellite constellation. By
harnessing cutting-edge earth-imaging technology, Pixxel aims to
provide actionable climate insights on a global scale. Furthermore,
with the additional funding, Pixxel plans to launch six satellites
in 2024 and a further 18 satellites by 2025. [link]
Portfolio company D-Orbit secures EUR60m from four new
contracts
Space logistics and orbital transportation company D-Orbit has
secured four contracts under the framework of Italy's National
Recovery and Resilience Plan for projects ranging from earth
observation to in-orbit servicing for a total of approximately
EUR60 million. The contracts are under the framework of Italy's
National Recovery and Resilience Plan (PNRR), including IRIDE (one
of Europe's largest space programmes for Earth observation),
in-orbit servicing and in-orbit space lab. [link]
Portfolio company AST SpaceMobile confirms 4G capabilities to
everyday smartphones directly from space
AST SpaceMobile has once again completed a world first: their
celltower in space (called BlueWalker 3 satellite) communicated
with smartphones, with no additional hardware or software. The 4G
LTE download speed testing, which used AT&T spectrum and Nokia
RAN technology, reached initial speeds up to 10.3 Mbps, with
further testing of voice calls to AT&T employees. [link]
SpaceTech Sector News
Seraphim Space announces it has supported over 100 SpaceTech
companies since 2016, reaching $10bn in value
Seraphim Space continues to build on its position as the most
prolific investor in space globally, achieving a world first in
supporting over 100 SpaceTech companies in raising over GBP2.2bn in
equity funding and with an aggregate enterprise value of over $10bn
since 2016 . These companies are driven by some of the world's most
visionary and pioneering SpaceTech entrepreneurs taking incredible
innovations to market and building world-changing companies that
are already underpinning our everyday lives. [link]
Watch the video link to find out why these companies are so
important. [link]
Seraphim Space Accelerator (EU) and Generation Space Accelerator
(US) present Investor showcase
The 11(th) Space Accelerator cohort concluded in June, with the
largest group of startups since the accelerator began and
compromised nine innovative early-stage startups, all addressing
key opportunities in the SpaceTech ecosystem. The teams work across
Earth observation, in-orbit testing and manufacturing, in-orbit
refuelling, satellite communications and more. The presentations
cemented 13 weeks and 300+ hours of in-depth investment readiness
training and relationship building. [link]
King Charles unveils the Astra Carta seal at a Space
Sustainability Reception at Buckingham Palace
Seraphim Space Partner Rob Desborough attended a private event
at Buckingham Palace where King Charles unveiled the "Astra Carta".
This initiative recognises the unique role that space can play in
creating a more sustainable future on Earth and the need for the
space industry to consider environmental and sustainability impacts
beyond our planet. Seraphim Space attended the unique event,
representing as the global leader in space financing amongst a
group of astronauts, business leaders, environmentalists and
scientists. It was a great opportunity to meet HRH the King and
discuss the role Seraphim Space is playing globally in space and
sustainability . [link]
Virgin Galactic launches 1(st) commercial spaceflight
Virgin Galactic launched the world's first commercial space
flight mission on 29 June.(.) The Spaceline's first flight,
Galactic01, was crewed by researchers from the Italian Air Force
and the National Research Council of Italy. The mission will be
scientific in nature, with the team looking to carry out
microgravity research. [link]
UK Space publishes report of health of the space sector
In 2022, the UK's space sector added GBP7bn in value to the UK
economy, while turnover from space organisations reached
GBP17.5bn.
o The sector directly employs 48,800 people, including 2,300
apprentices.
o The output per worker in the sector is 121% higher than the UK
average, showcasing the high-value jobs available in the
industry.
o The UK space sector demonstrates wide benefits through a range
of public, commercial and consumer uses. [link]
Deloitte releases SpaceTech Sector Report
Deloitte released its SpaceTech report, which reviews the most
active and quickly growing segments within the space industry. The
report is intended for readers who remain in the dark about the
progress that's been made in space over the last decade. [link]
Media & Podcasts
Citywire focuses on SSIT discount
Article by Investment Trust Insider put the spotlight on SSIT
[link]
Adventurous Investor Newsletter turns positive on SSIT
David Stevenson shared his views on investment trust discounts
[link]
Seraphim Space launches new brand video [link]
New podcasts: More in the series of interviews with the CEOs of
SSIT top 10 portfolio companies
S2 Episode 3: SSIT portfolio company Satellite Vu with CEO
Anthony Baker
In this episode, Anthony Baker, founder and CEO, explains why
Satellite Vu is known as the thermometer in the sky. He discusses
how the business has been scaled, the opportunities for using
infrared detection from space, why customers have already signed
option contracts worth $130m and how he's looking to address global
challenges such as climate change by detecting where we are wasting
energy. [link]
S2 Episode 4: SSIT portfolio company Hawkeye360 with CEO John
Serafini
In this episode, John Serafini, CEO of HawkEye 360, talks about
why he created the world's largest Radio Frequency satellite
constellation, how he has grown the business, what it is trying to
achieve and his outlook for the year ahead. [link]
Conferences
Find out where to meet and hear from the Seraphim Space team by
following their social media LinkedIn / Twitter
Sign up here to receive the monthly Seraphim Space Investment
Newsletter direct to your inbox
Neither the Company's website nor the content of any website
accessible from hyperlinks in it or in this newsletter (or any
other website) is (or is deemed to be) incorporated into, or forms
(or is deemed to form) part of, this newsletter.
- Ends -
Media Enquiries
Seraphim Space Manager LLP (via SEC Newgate)
Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough
SEC Newgate (Communications advisers)
seraphim@secnewgate.co.uk
Emma Kane / Clotilde Gros / George Esmond +44 (0) 20 3757
6767
Deutsche Bank
Mark Hankinson / Gavin Deane / Neil Coleman +44 (0) 20 7545
8000
J.P. Morgan Cazenove
William Simmonds / Jérémie Birnbaum / Rupert Budge +44 (0) 20
7742 4000
Ocorian Administration (UK) Limited seraphimteam@ocorian.com
Lorna Zimny +44 (0) 28 9078 5880
Notes to Editors:
About Seraphim Space Investment Trust plc
Seraphim Space Investment Trust plc (the "Company") is the
world's first listed fund focused on SpaceTech. The Company seeks
exposure predominantly to early and growth stage private financed
SpaceTech businesses that have the potential to dominate globally
and that are sector leaders with first mover advantages in areas
such as climate, communications, mobility and cyber security.
The Company is listed on the Premium Segment of the London Stock
Exchange.
Further information is available at: https://investors.seraphim.vc
About Seraphim Space Manager LLP
Seraphim Space Manager LLP ("Seraphim" or the "Manager") is
based in the UK and manages Seraphim Space Investment Trust
plc.
Further information is available at: www.seraphim.vc
About Seraphim Space Camp Accelerator Ltd
Seraphim Space Camp Accelerator Ltd, an affiliate of Seraphim
Space Manager LLP based in the UK, established the Seraphim Space
Accelerator in 2018 and has developed it to become the
world-leading VC-led accelerator with a focus on SpaceTech. The
accelerator programme brings in-depth industry expertise to get
Seed and Pre-Series A SpaceTech companies "investment ready" while
facilitating relationships with some of the world's leading Space
corporates and agencies.
Further information is available at: www.seraphim.vc
About Generation Space LLC
Generation Space LLC is the US subsidiary of Seraphim Space
Manager LLP and is responsible for its US activities. Generation
Space LLC is an affiliate of Seraphim Space Camp Accelerator Ltd
and is responsible for delivery of the US Generation Space
Accelerator.
Further information is available at: www.generation.space
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABRGDRXGGDGXS
(END) Dow Jones Newswires
July 05, 2023 02:00 ET (06:00 GMT)
Seraphim Space Investment (LSE:SSIT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Seraphim Space Investment (LSE:SSIT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024