SpacePolitics

Seraphim Space Investment Trust Doubled its Value in 2026

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 16/10/2026, 05:35:24 UTC.

Briefings

Seraphim Space Investment Trust (SSIT) reported a 100% increase in value from June 2025 to FY26, reaching £605.5M. This surge is attributed to a portfolio of five major space companies, including ICEYE, which saw its valuation jump to €10B after a €1.7B contract with the German Bundeswehr. CEO Mark Boggett highlighted the validation of the firm's strategy to invest in space infrastructure, noting a 237% revenue growth among top holdings and a 50% increase in headcount. The firm aims to expand its investment scope into space quantum, robotics, and biotech, targeting a future market with projected 100,000 satellites by 2030.

Key points

• SSIT's portfolio value doubled from £605.5M in FY26 to £1.21M in June 2025, driven by five major holdings including ICEYE.
• ICEYE's valuation rose from €450M in June 2025 to €10B in December 2025 following a €1.7B contract with the German Bundeswehr.

Context

SSIT's strategy focuses on digital infrastructure underlying the space industry, avoiding traditional launch capabilities. CEO Mark Boggett notes the portfolio's success validates a thesis that space will become critical infrastructure, with companies like ICEYE acting as 'neo-prime' leaders.

Limitations

Data reflects FY26 performance only; specific contract values and valuation figures are subject to quarterly reporting adjustments. Future investment targets in space quantum, robotics, and biotech remain unconfirmed.

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