The global space industry is no longer a distant dream; it is rapidly becoming one of the most transformative forces shaping the modern economy. At the forefront of this evolution is the Seraphim Space Investment Trust (LSE:SSIT), led by Chief Executive Mark Boggett, providing exposure to the rapidly evolving space technology sector.
SSIT’s objective seeks to generate capital growth over the long term through investment in a diversified, international portfolio of predominantly unquoted spacetech businesses with the potential to scale globally.
As the world’s first publicly listed fund dedicated entirely to space tech, SSIT provides diversified access to a carefully curated portfolio of around 25 of the most innovative space companies globally. Backed by over a decade of specialist experience, Seraphim has built a reputation as a pioneer in the sector, launching the first space-tech venture fund, operating the world’s largest space accelerator, and supporting approximately 150 companies across more than 30 countries.
Through its accelerator and venture platform, Seraphim maintains access to early-stage category leaders in spacetech, creating a multi-stage pipeline from incubation through venture funding to listed exposure via SSIT. This singular focus has positioned Seraphim as a leader in identifying and nurturing high-potential space ventures. The timing is particularly compelling. According to a report by the World Economic Forum and McKinsey, the space economy is expected to grow from approximately $630bn in 2023 to $1.8trn by 2035.
Over the past decade, the economics of space have fundamentally shifted. Launch costs have fallen dramatically, by nearly 100-fold, thanks to innovations such as reusable rockets. Satellites, once the size of buses, are now compact, cost-efficient systems no larger than a shoebox. By 2025, rocket launches are expected to occur roughly every 27 hours worldwide.
These advancements have given rise to a powerful new “digital infrastructure in the sky.”
Satellite constellations are delivering real-time data, global broadband connectivity, and high-resolution imaging that is revolutionising industries ranging from agriculture and insurance to defence and energy.
Public market investors are increasingly recognising that space infrastructure is no longer speculative, but foundational to modern economies. From defence and sovereign Earth observation to navigation, logistics, financial systems, autonomous technologies, and climate monitoring, space-enabled technologies are becoming embedded in critical infrastructure.
Looking ahead, the next wave of innovation promises even greater disruption. Breakthroughs such as ultra-low-cost launch systems could enable orbital data centres and space-based solar power, while space infrastructure itself is becoming a critical backbone for the artificial intelligence revolution.
SSIT’s recent performance reflects the strength of this opportunity. Over the past 12 months, the trust has delivered share price performance, with its share price rising more than 150%. Its portfolio of private holdings has also doubled in value, underscoring the accelerating momentum within the sector.
The SSIT portfolio spans satellite constellation operators, data-driven software businesses, connectivity providers, in-orbit services (including orbital logistics and satellite servicing), and space situational awareness and debris tracking technologies.
Several portfolio companies have already emerged as global leaders. For instance, AST SpaceMobile, an early investment for SSIT, has grown from a $300 million valuation to a $35 billion NASDAQ-listed company, pioneering space-based cellular connectivity directly to standard smartphones. Meanwhile, ICEYE, which began without a single satellite, now operates the world’s largest radar satellite constellation and has secured major international contracts, including a landmark agreement with the German government.
Investment into next-generation spacetech companies increased by 48% year-on-year to approximately $12.4bn in 2025, according to the Seraphim Space Index report, highlighting sustained investor appetite for the sector.
The trust’s investment focus aligns with some of the most significant global trends: rising defence and security spending, the urgent need for climate and sustainability solutions, and the convergence of artificial intelligence with next-generation infrastructure. Within this, SSIT is particularly focused on areas where space technology is becoming critical to secure and reliable infrastructure, including next-generation positioning systems, resilient navigation, sovereign Earth observation capabilities, and dual-use technologies supported by long-term government demand and increasing commercial adoption.
Space technology sits uniquely at the intersection of these forces, making it one of the most significant themes of the coming decade.
After ten years of building expertise, networks, and a proven track record, Seraphim believes the industry is approaching a critical inflection point. The opportunity ahead is vast, with the potential for multiple companies to grow into multi-billion-dollar leaders.
For investors, SSIT represents exposure to an early-stage transformative global shift. The journey into the space economy has only just begun, and the future is closer than ever.
For more information visit: https://investors.seraphim.vc
