SERAPHIM
SPACE INVESTMENT TRUST PLC
(the "Company" or "SSIT")
SpaceTech
Sector Newsletter - August 2024
Seraphim Space Investment Trust plc (LSE:
SSIT), the world's first listed SpaceTech investment company,
publishes its monthly RNS Reach newsletter to provide updates,
based on publicly available information, on the Company's portfolio
investments, its Manager (Seraphim Space Manager LLP (the "Manager"
or "Seraphim Space")) and the wider SpaceTech market. The following
newsletter covers August 2024.
Portfolio Update
AST SpaceMobile reaches $10bn market
cap
AST SpaceMobile has surged to a $10bn market
cap, making it the second highest-valued space company in the
world, trailing only SpaceX. AST, a direct competitor to Starlink,
launched its prototype BlueWalker 3 'cell tower' satellite in 2022
and successfully tested its 5G direct-to-cell capability last year.
In July, AST announced the completion of its first five commercial
satellites, which are set to launch in September 2024. This marks
the initial phase of its multi-billion dollar, 168-satellite
constellation. With strategic partnerships with Verizon and
AT&T, AST is positioned for significant revenue growth with
strong financial backing.
[Read more]
Skylo Technologies enables satellite SOS on
Google Pixel and Verizon phones
Skylo's technology now powers a new satellite
SOS feature on Google Pixel and Verizon phones in the US, allowing
users to connect with emergency responders and share their location
via satellite, even without cellular service. Skylo's Radio Access
Network infrastructure is integrated with Earth stations globally,
supported by multiple satellite operators. In 2025, this capability
will expand to include text messaging outside of cellular coverage
areas.
[Read more - Google]
[Read more - Verizon]
Astroscale secures JAXA contract for debris
removal
Astroscale has secured a contract
with JAXA, the Japanese space agency, for a mission to remove a
defunct upper stage from Earth orbit. The Tokyo-based company
announced the board's approval of the contract for the active
debris removal by the Astroscale-Japan 2 (ADRAS-J2) mission, valued
at ¥12bn ($82.1 million).
[Read more]
SpaceTech Sector News
Seraphim portfolio companies prominent in
latest SpaceX transporter launch
On 16 August 2024, SpaceX launched a mission
carrying satellites for seven Seraphim portfolio companies,
including Spire Global (seven satellites), D-Orbit (one),
Tomorrow.io (two), ICEYE (four), and HawkEye 360 (three). The
launch also featured satellites from Array Labs (two) and Ubotica
(one). Additionally, two alumni from the Seraphim Space
Accelerator, Cosmic Shielding Company and SatelIOT, participated in
the launch.
[Read more]
China's first mega constellation takes
flight
China has officially entered the global race to
deploy large satellite networks, launching the first 18 satellites
of its Thousand Sails mega constellation. This ambitious project,
aiming to deploy 1,300 satellites, represents China's initial foray
into creating a Starlink-like network in low Earth orbit.
[Read more]
Third-Party Research
Satellite Industry Association's annual report
highlights record growth
The Satellite Industry Association has released
its 27th annual State of the Satellite Industry Report, a global
summary of the commercial satellite industry, noting
record-breaking achievements in the industry. For the sixth
consecutive year, the number of commercial satellites launched
reached an all-time high, with a 20% year-over-year increase. The
industry also achieved a record 190 launches in 2023. At 31
December 2023, there were 9,691 active satellites orbiting Earth,
marking a 361% increase over the past five years.
[Read more]
Marten & Co initiates coverage on Seraphim
Space Investment Trust
Marten & Co has released its inaugural
coverage of SSIT, providing in-depth research and analysis of the
Company's activities and portfolio.
[Read more]
Media Spotlight
Podcasts
·
Portfolio spotlight
- Parthsarathi
Trivedi, CEO and co-founder of Skylo Technologies:
The latest episode profiles Parthsarathi Trivedi, co-founder
and CEO of Skylo Technologies, a recent addition to SSIT's
portfolio. Skylo is revolutionising communications by leveraging
existing geostationary satellites to provide affordable, continuous
coverage directly to mobile phones. Skylo also extends its
capabilities to IoT, enabling machine-to-machine communication
across industries such as agriculture, maritime, logistics and
mining. [Listen
here]
·
Dodging debris,
with Tony
Frazier (LeoLabs): The podcast features Tony
Frazier, LeoLab's newly appointed CEO, talking about the critical
role the company plays in building a living map of orbital activity
for space operations. With over $120m of private capital raised,
LeoLabs has continued to expand its global network of ground-based
radars, cataloguing 22,000+ objects in low Earth orbit
[Listen
here]
Conferences
·
World Space Business Week: Seraphim Space CEO
Mark Boggett is speaking on 16 September 2024 in Paris.
[Details]
·
SuperReturn Asia: Seraphim Space CEO Mark Boggett is
attending on 24 September 2024 in Singapore.
[Details]
Find out where to meet and hear from
Seraphim Space's team by following its social media,
LinkedIn
/ Twitter.
Sign up to
receive Seraphim Space's monthly newsletter directly to your
inbox.
[Sign up]
Neither the
Company's website nor the content of any website accessible from
hyperlinks in it or in this newsletter (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to
form) part of, this newsletter.
- Ends
-
Media Enquiries
Seraphim Space Manager LLP (via SEC
Newgate)
|
|
Mark Boggett, CEO / James Bruegger,
CIO / Rob Desborough
|
|
SEC Newgate (Communications
advisers)
|
seraphim@secnewgate.co.uk
|
Emma Kane / Clotilde Gros / George
Esmond
|
+44 (0) 20 3757 6767
|
Deutsche Numis
|
|
Mark Hankinson / Gavin Deane / Neil
Coleman / David Benda
|
+44 (0) 20 7545 8000
|
J.P. Morgan Cazenove
|
|
William Simmonds / Jérémie Birnbaum
/ Rupert Budge
|
+44 (0) 20 7742 4000
|
Ocorian Administration (UK) Limited
|
seraphimteam@ocorian.com
|
Lorna Zimny
|
+44 (0) 28 9078 5880
|
Notes to Editors
About Seraphim Space Investment Trust
plc
Seraphim Space Investment Trust plc (the
"Company") is the world's first listed fund focused on SpaceTech.
The Company seeks exposure predominantly to early and growth stage
private financed SpaceTech businesses that have the potential to
dominate globally and that are sector leaders with first mover
advantages in areas such as climate, communications, mobility and
cyber security.
The Company is listed on the Premium Segment of
the London Stock Exchange.
Further information is available at:
https://investors.seraphim.vc.
About Seraphim Space Manager LLP
Seraphim Space Manager LLP ("Seraphim Space" or
the "Manager") is based in the UK and manages Seraphim Space
Investment Trust plc and Seraphim Space Ventures II LP.
Further information is available at
www.seraphim.vc.
About Seraphim Space Accelerator Ltd
Seraphim Space Camp Accelerator Ltd, an
affiliate of Seraphim Space Manager LLP based in the UK,
established the Seraphim Space Accelerator in 2018 and has
developed it to become the world-leading VC-led accelerator with a
focus on SpaceTech. The accelerator programme brings in-depth
industry expertise to get Seed and Pre-Series A SpaceTech companies
'investment ready' while facilitating relationships with some of
the world's leading Space corporates and agencies.
Further information is available
at www.seraphim.vc.
About Generation Space LLC
Generation Space LLC is the US subsidiary of
Seraphim Space Manager LLP and is responsible for its US
activities. Generation Space LLC is an affiliate of Seraphim Space
Camp Accelerator Ltd and is responsible for delivery of the US
Generation Space Accelerator.
Further information is available at
www.generation.space.