Overview
Seraphim Space Investment Trust aims to generate capital growth over the long term through investment in a diversified international portfolio of Space Tech businesses. “Space Tech businesses” means businesses which rely on space-based connectivity or precision, navigation and timing signals or whose technology or services are already addressing, originally derived from, or of potential benefit to the space sector.
On 8 May 2026, Seraphim Space announced that it had raised £137m in its C-share offer before costs: £76.4m in the institutional placing, £45m to retail investors and a £15.1m direct subscription by a single institution. The money raised will go into a separate pool of assets and once invested will convert into Seraphim’s ordinary shares. The C share pool of cash will be invested over time in new opportunities.
C shares will convert into ordinary shares on a NAV for NAV basis. Rather than waitng for almost the entireity of the C share pool to be invested and then C shares converted in one go (as has been typical for previous C share issues), a proportion of the C shares will convert periodically (subject to a minimum amount of the C share money being invested). The minimum is the lower of £40m or 10% of the value of the ordinary share pool.
Fundamentals
Price
News
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18 Aug 2026 2 min read
Seraphim Space invests £22m in Bluetooth network founder Hubble
Seraphim Space (SSIT) has invested a further £22.2m ($30m) of its £137m C-share issue, adding Hubble Network, a US start-up building the first satellite-powered Bluetooth network, to its portfolio. Hubble is already backed by Seraphim’s fund manager through the Seraphim Space Venture Fund II (SSVII). James Bruegger, chief investment officer of Seraphim Space Manager, said […]
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07 Aug 2026 2 min read
Trust Spot: 3i Group and RIT Capital Partners rally as technology trusts beat a retreat in July
3i Group (III) extended its recovery from May lows with the £29bn private equity backer of Action, the European discount retailer, rallying just over 15% in July, following an 11.6% gain in June. RIT Capital Partners (RCP) benefited from a £300m tender offer that spurred shares in the Rothschild-backed global multi-asset fund 12% higher. Greencoat […]
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03 Jul 2026 4 min read
Trust Spot: Biotech Growth soars 21%; 3i Group regroups after May slump; Seraphim Space steps back from high
Biotechnology trusts BIOG and IBT replaced technology trusts as last month’s big risers with profit taking hitting Seraphim Space (SSIT) in June, but 3i Group (III) recovering after its tumble in May. June’s top risers Investment company Total shareholder return % Premium (- discount) % Biotech Growth (BIOG) 20.58 -8.59 Bluefield Solar (BSIF) 16.5 -13.96 […]
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22 Jun 2026 3 min read
Polar Capital Technology rushed to buy SpaceX at IPO after taking some profits and adding to defensive Nasdaq “puts”
Polar Capital Technology (PCT), the best performing investment trust over five years, took some profits last month and adopted a more defensive posture as a broadening rally in artificial intelligence (AI) stocks pushed its shares 18% higher and fund managers Ben Rogoff and Alastair Unwin made room for SpaceX in their portfolio. Rogoff told Citywire […]
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12 Jun 2026 3 min read
Scottish Mortgage rallies on day of SpaceX IPO as fund manager Tom Slater warns its shares could be volatile
Update: Scottish Mortgage (SMT) shares rallied 5% after bullish SpaceX investors shook off a warning from fund manager Tom Slater of the potential for volatility in Elon Musk’s company heading for a record $1.77trn (£1.3trn) flotation this afternoon. Shares in the £15.9bn Baillie Gifford flagship advanced 68.5p to £14.94 before slipping to close at […]
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08 Jun 2026 3 min read
Morning briefing: Seraphim Space promoted to FTSE 250; SHIP makes 12.7% return from Hormuz blockade; JPMorgan China “somewhat” protected after 9.5% half-year fall; Mike Ashley buys Grainger stake; Segro talks to activist; Helical launches £5m buyback; plus Ceiba
Seraphim Space (SSIT) will join the FTSE 250 on 19 June after a 39% share price rise this year and last month’s £127m C-share issue lifted the market value of the world’s first listed SpaceTech fund to £698m at Friday’s close. Chair Will Whitehorn said elevation to the “mid-cap” index was a “significant milestone” and […]
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03 Jun 2026 2 min read
Seraphim Space reveals 24.8% quarterly gain as SpaceX IPO excitement mounts
Seraphim Space (SSIT) is deploying the £137m raised in last month’s C-share issue at one of the “most exciting times” for space technology as SpaceX’s imminent $1.75tn flotation sparks huge investor interest in the sector. Unveiling a 30.7% advance in the portfolio in the first quarter of 2026 (the third in its financial year), chair […]
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08 May 2026 3 min read
Morning briefing: Seraphim Space “delighted” by £137m fundraise; Saba requisitions Workspace, doubles stake in Syncona; Edinburgh Worldwide announces its Saba nominated chair; Baker Steel reaps more mining gains
Seraphim Space (SSIT) raised £137m in its C-share offer before costs: £76.4m in the institutional placing, £45m to retail investors and a £15.1m direct subscription by a single institution. The £529m investment trust and its fund manager said they were “delighted” by the response which came in below the £350m maximum cap but was drawn […]
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05 May 2026 3 min read
Morning briefing: March sell-off knocks 17% off Chrysalis; Patria halves its stake in 3i’s Action; Zeno’s nuclear battery beats expectations, says Seraphim
Chrysalis Investments’ (CHRY) three-year wind down got off to a tough start in March with the market turmoil caused by the US-led war on Iran leading to a 17% or 28.1p first quarter drop in net asset value (NAV) per share to 137.3p. In an update the £420m investment company said the decline largely reflected […]
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01 May 2026 3 min read
Seraphim C share issue injects life into the sector
A welcome revival of a long dormant structure It is no secret that the UK investment companies market has been shrinking for the past three years, with new capital raising proving difficult – if not impossible – in most cases. However, news of a Seraphim C share issue is injecting life into the investment companies […]
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28 Apr 2026 1 min read
Seraphim Space spies £11.1m gain from HawkEye 360 IPO
Seraphim Space’s (SSIT) C-share issue has received a timely boost from satellite company HawkEye 360 announcing a $2.4bn US flotation. The £528m investment trust says the initial public offer (IPO) in New York of the operator of the largest constellation of radio-frequency sensing satellites, its fourth biggest holding at 10.1% of assets, could add £11.1m […]
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27 Apr 2026 1 min read
Seraphim Space launches £350m C-share issue to fund next generation of space tech companies
Seraphim Space (SSIT), the £520m investor in unquoted, early-stage space tech companies, is looking to raise up to £350m in the C-share issue it announced earlier this month. According to a statement this morning, there is a Retail Book offer to private investors and an institutional placing both at £1 a share. The money raised […]
