Seraphim Space - fund-raising and corporate activity boost constituent values by 24%, having tripled, the shares now 141.50p, offer upside

Mark Watson-Mitchell - 16.02.2026

The unique Seraphim Space Investment Trust (LON:SSIT) has this morning announced a significant valuation update for its top four portfolio holdings as at end-December 2025.

The update resulted in a combined fair value uplift of £69m, representing a significant 24% increase on the previously reported net asset value of £284m as at the end of September 2025.

That uplift was driven by substantial financing rounds and corporate activity, including ICEYE's €1.7bn contract win, ALL.SPACE's recent corporate activity reflecting 95% of implied value, D-Orbit's $128m Series D funding, and HawkEye 360's $150m Series E funding.

The £339m-capitalised company, nearly 50% owned by investing institutions, will announce its Interim Results to end-December 2025 on Thursday, 5th March.

The Company

The Seraphim Space Investment Trust is the world's first listed fund focused on SpaceTech.

It seeks exposure predominantly to growth-stage privately-financed SpaceTech businesses, offering the potential to dominate globally and that are sector leaders with first-mover advantages in areas such as climate, communications, mobility and cyber security.

Management Comment

Chief Investment Officer James Bruegger, stated that:

"The substantial valuation uplifts across all four of our largest holdings reflect the benefits these companies are now starting to reap as a result of consolidating their leadership positions in their respective categories.

Over the quarter, these portfolio companies have secured substantial late‑stage funding rounds led by high‑quality new investors and/or major government and private‑sector contract wins. These milestones underpin the increased valuations and demonstrate the growing maturity and momentum of some of the Company's most important holdings.

Given the strong momentum in these four portfolio companies and indeed the overall portfolio, we anticipate there being further positive news and commensurate increases in valuations over forthcoming quarters."

This trust's shares have tripled since I first highlighted it less than a year ago - just a month ago they hit 150p, but are now at 141p - at which price they still offer strong upside.

(Profile 22.04.25 @ 50p set a Target Price of 70p*)

(Profile 10.09.25 @ 71p sets a new Target Price of 89p*)