Seraphim Space Investment Trust Plc (GB:SSIT) has released an update.
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Seraphim Space Investment Trust PLC reported a slight dip in its Q1 portfolio valuation, though the outlook remains positive with strong cash reserves and successful fundraising. Key developments include Spire Global’s sale of its maritime business to Kpler for $241 million and SatVu’s £10 million funding round to enhance satellite capabilities. These moves highlight the dynamic nature of the SpaceTech sector and SSIT’s strategic positioning to capitalize on growing global defense spending.
For further insights into GB:SSIT stock, check out TipRanks’ Stock Analysis page.
