Seraphim Space Investment Trust Plc (LSE:SSIT) has started investing the £137 million raised through its recent C Share issue, committing $25 million to hyperspectral imaging company Pixxel and a further $3.6 million to nuclear power technology developer Zeno Power. Both businesses are existing portfolio holdings, reflecting the trust’s strategy of increasing investment in established SpaceTech companies with strong growth potential rather than adding new investments.
Pixxel is continuing to expand its high-resolution hyperspectral Earth observation satellite constellation alongside its AI-powered analytics platform. The company also benefits from in-house satellite manufacturing capabilities and a number of significant contracts with the Indian government, strengthening its position across both commercial and sovereign markets.
Meanwhile, Zeno Power is developing radioisotope power systems designed for applications in lunar exploration, maritime operations and defence. The business is supported by contracts with organisations including NASA, the US Navy and the US Space Force. Seraphim Space Investment Trust said the deployment of proceeds from the C Share fundraising remains on schedule and is focused on long-term investment themes such as Earth observation, advanced energy technologies and the emerging lunar economy.
The trust’s investment outlook is moderated by consistently negative operating cash flow and earnings that are heavily influenced by changes in portfolio valuations. However, its debt-free balance sheet provides financial stability. Technical indicators point to weak short-term momentum, with the shares trading below key moving averages, while a relatively low price-to-earnings ratio offers only limited support.
More about Seraphim Space Investment Trust Plc
Seraphim Space Investment Trust Plc is the world’s first publicly listed investment company dedicated exclusively to the SpaceTech sector. Listed on the London Stock Exchange under the ticker SSIT, the trust invests in innovative businesses developing technologies for commercial and government applications across the global space industry.
Its portfolio includes companies focused on satellite infrastructure, Earth observation, artificial intelligence, defence technologies and advanced energy systems. By investing in businesses positioned to benefit from long-term trends such as sovereign space capability, national security and lunar exploration, the trust aims to capture growth across the rapidly evolving space economy.
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