Seraphim Space Investment Trust Plc ( (GB:SSIT) ) has provided an announcement.
Seraphim Space Investment Trust PLC reported a 5.1% increase in net asset value for the six-month period ending December 31, 2024, driven by an increase in the fair value of its portfolio. The company is strategically positioned to benefit from increased defense spending in Europe and the US, with its holdings in European space technology firms playing a crucial role. The portfolio has secured nearly $400 million in additional capital, with a significant portion fully funded or having a strong cash runway. The company’s operations are expected to be positively impacted by geopolitical shifts and increased demand for advanced space capabilities.
More about Seraphim Space Investment Trust Plc
Seraphim Space Investment Trust PLC is the world’s first listed SpaceTech investment company. It focuses on investing in companies within the space technology sector, with a particular emphasis on innovative commercial providers that contribute to defense and space exploration initiatives. The company holds significant investments in European firms like ICEYE, D-Orbit, and ALL.SPACE, which are involved in defense and space capabilities.
YTD Price Performance: -2.94%
Average Trading Volume: 294,748
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £124.8M
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