Seraphim Space Investment Trust (SSIT): High demand for space tech’s disruptive potential

Edison Investment Research Limited Seraphim Space Investment Trust (SSIT): High demand for space tech’s disruptive potential 13-Sep-2023 / 07:15 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 13 September 2023 Seraphim Space Investment Trust (SSIT): High demand for space tech’s disruptive potential Seraphim Space Investment Trust (SSIT) has released its Q423 trading update to end-June 2023, reporting that its top 10 holdings saw their revenues (weighted by portfolio fair value) increasing by 32% year-on-year in the 12 months to end-June 2023, while bookings went up by a strong 188% over that period. We believe this illustrates the high interest in the disruptive potential of the offering of these early-stage businesses across key secular themes, such as global security and climate change. SSIT’s shares currently trade at a c 48% discount to end-March 2023 NAV. Across the broader market, the Seraphim Space Index indicated global venture capital/growth funding of US$4.5bn for the 12 months to end-June 2023 (US$1.2bn in Q223), which is significantly down from US$9.2bn in the 12 months to end-June 2022. However, the latter figure is distorted by large single transactions (eg SpaceX and Sierra Space), while the number of deals increased during the 12 months to end-June 2023. Moreover, deal value in US dollar terms rebounded by 57% during H123 compared to H222. Seraphim Space also notes the activity of private equity investors in the space tech industry, with Advent’s acquisition of Maxar and KKR’s takeover of OHB. Click here to view the full report. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first company in-market 17 years ago, Edison has more than 100 employees and covers every economic sector. Headquartered in London, Edison also has offices in New York, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Milosz Papst [phone] [e-mail] Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn        www.linkedin.com/company/edison-group-/ Twitter           www.twitter.com/Edison_Inv_Res YouTube       www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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