Seraphim Space Investment Trust - Initiation from QuotedData
14th August 2024
Science fiction becoming science fact
The manager of Seraphim Space Investment Trust (SSIT) says that the recent boom in the space economy has been driven by significantly lower costs to launch, smaller, cheaper components to build satellites and other spacecraft, and the growth of private space companies. Companies that once had to pay hundreds of thousands of dollars to put a satellite into orbit can now do the same for a fraction of that price.
With this dramatically expanding access to space and the growing requirements and use cases for space technologies in virtually every industry on our planet, the space sector is projected to grow into a trillion-dollar market opportunity.
There are many companies with rapidly expanding revenues and profits derived from this sector, however most of these are currently unlisted. SSIT provides a unique way for ordinary investors to access these potential world changing opportunities.
SSIT believes that the companies in its portfolio have the potential to be valued in the 10s of billions and that, over the long term, the initial ambition of producing annualised returns of 20% or more will be realised. It wants to get the trust trading back at asset value and expanding once again.
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