Seraphim Space Investment Trust Plc (GB:SSIT) has released an update.
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Seraphim Space Investment Trust reports a slight decline in its Q1 portfolio valuation, with a 2.3% drop in NAV per share and a 1.5% decrease in portfolio valuation. Despite these declines, the company remains optimistic about its future, citing strong cash runways for 71% of its portfolio and successful funding rounds for key investments such as D-Orbit and ALL.SPACE. The investment trust continues to capitalize on burgeoning opportunities in the space sector, including a significant contract win for ICEYE with NASA and a partnership between Skylo and Google.
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