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The latest announcement is out from Seraphim Space Investment Trust Plc ( (GB:SSIT) ).
In December 2024, Seraphim Space Investment Trust plc shared significant developments in its portfolio with companies like ICEYE, Pixxel, and SatVu securing substantial funding to enhance their Earth observation and imaging capabilities. This indicates a strong confidence in the SpaceTech sector, highlighting the growing importance of satellite-based solutions in addressing global challenges like climate change and connectivity. ICEYE, for instance, raised $65 million to expand its SAR satellite constellation and partnered with Space42 to establish a manufacturing facility in the UAE, marking a strategic move in their global expansion efforts. Additionally, AST SpaceMobile’s partnership with Vodafone aims to extend mobile connectivity to underserved regions, emphasizing the transformative potential of SpaceTech in bridging digital divides.
More about Seraphim Space Investment Trust Plc
Seraphim Space Investment Trust plc is the world’s first listed company focused on SpaceTech investments. It provides updates on its portfolio investments, the management by Seraphim Space Manager LLP, and the broader SpaceTech market.
YTD Price Performance: 1.10%
Average Trading Volume: 280,545
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £129M
For an in-depth examination of SSIT stock, go to TipRanks’ Stock Analysis page.
