Seraphim

The shares of Seraphim Space Investment Trust plunged more than 16% on Monday after the company announced a capital increase. The plan is to issue new C shares in a placing and an offer to retail investors at 100 pence per share. The investment trust aims to raise around £350 million through the move. » More on de.investing.com

Seraphim Space Investment Trust will offer new C shares to retail investors via RetailBook at £1.00 per share; the retail offer runs in parallel with an institutional placing. Both offers are subject to shareholder approval at the general meeting on 6 May 2026, and admission and commencement of trading of the C shares on the main market are expected on 12 May 2026. The retail offer closes on 6 May 2026 at 12:00, the minimum subscription is £250, and net proceeds are intended to be invested in further SpaceTech investments; C shares will be accounted for separately and converted quarterly into ordinary shares based on NAV once investment thresholds are met. » More on de.investing.com

As a publicly listed trust, Seraphim provides access to private space-tech holdings and is heavily focused on ISR applications. Much of the upside potential hinges on its roughly 5% stake in ICEYE; in scenarios with strong revenue and EBITDA growth that stake could largely justify Seraphim’s current market value. Conservative model estimates see about 20–25% near-term upside, while a wider re-rating could allow 60–70%. Investors should note the high concentration in a few positions, illiquid valuations and the resulting volatility. » More on de.investing.com

Seraphim has closed its SpaceTech-focused early-stage venture fund above its $100 million target and now manages more than $550 million in active funds. Lead investors include British Business Bank and the National Security Strategic Investment Fund; strategic corporate investors include Arabsat, Eutelsat, NEC and SKY Perfect JSAT. The fund concentrates on seed and Series A financings and has already invested in 17 U.S. and European companies that combine SpaceTech with AI, across sectors such as defense, climate, biosciences and space infrastructure. Its latest investment is in defense startup Mutable Tactics, which develops AI-powered coordination software for unmanned systems. » More on de.investing.com

Seraphim Space, led by CEO Mark Boggett, celebrates its tenth anniversary after building a portfolio of 147 space tech companies, producing seven £1bn valuations and a net asset value of £259.8m. The firm runs three venture vehicles, an accelerator and the first publicly listed space tech fund, and has invested in microsatellite SAR technology and firms such as Astroscale while partnering with LeoLabs for debris tracking. Boggett credits cheaper launches and reusable rockets for the sector’s rapid growth but warns Seraphim’s financing of large constellations contributes to the space debris problem and stresses the need for mitigation technologies. The fund remains focused on infrastructure, data and satellite servicing rather than space tourism. » More on uk.finance.yahoo.com