Seraphim Space Investment Trust maintains momentum as portfolio continues to develop

Seraphim Space Investment Trust (SSIT) has provided an update including several announcements regarding its portfolio companies including:

• Voyager Space’s Starlab announces strategic partnership with Palantir

Starlab Space, the US-led global joint venture from portfolio company Voyager Space, Airbus, Mitsubishi Corporation and MDA Space, announced Palantir Technologies as a strategic partner. Palantir will become the exclusive supplier of enterprise-wide software data management solutions for the Starlab commercial space station. Palantir’s AI-driven software enables analysts, users and decision-makers to optimise the entirety of space architecture. Starlab Space and Palantir will leverage data modelling through digital twins and AI technologies to enhance Starlab’s operations. The digital twin will optimise resource allocation, mission planning and overall system performance.

• Spire Global, Thales and ESSP to develop air traffic surveillance constellation

Thales, portfolio company Spire Global and the European Satellite Services Provider (“ESSP”) announced a memorandum of cooperation on 13 June 2024 to develop a satellite constellation dedicated to air traffic surveillance. The constellation of more than 100 satellites will collect aircraft Automatic Dependent Surveillance-Broadcast (ADS-B) messages and quickly relay them to ground stations. The partners aim to begin providing commercial services from the new constellation in 2027.

• Astroscale lists on the Tokyo Stock Exchange in oversubscribed IPO

Astroscale, the market leader in satellite servicing and long-term sustainability across all orbits, completed its oversubscribed IPO on the growth market of the Tokyo Stock Exchange on 5 June 2024, raising ¥23.8bn (c.$153m) through a mixture of primary and secondary capital. Astroscale is the third Japanese space company to go public in the last c.12 months.

• LeoLabs wins $1.25m AFWERX contract for Radar Technology

LeoLabs has won a contract from AFWERX, the innovation arm of the US Department of the Air Force and powered by the US Air Force Research Laboratory, for $1.2m to build a radar to track objects in  Low Earth Orbit (LEO). LeoLabs will design, develop, build and test a prototype S-band 2-D direct radiating array (DRA) that is capable of advanced object tracking in LEO. This next-generation radar technology is expected to help counter security threats in space.

• Pixxel signs landmark contract with Ministry of Defence in Delhi to develop miniaturised satellites

Pixxel, a leader in cutting-edge hyperspectral Earth-imaging technology, announced that it has officially signed a landmark contract with the Ministry of Defence in Delhi. This contract empowers Pixxel to develop miniaturised multi-payload satellites for the Indian Air Force.

SSIT : Seraphim Space Investment Trust maintains momentum as portfolio continues to develop