RCS - Seraphim Space I.T. - SpaceTech Sector Newsletter August 2023

Seraphim Space Investment TrustAnnouncement

04/09/2023 07:00

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RNS Number : 1993L  Seraphim Space Investment Trust PLC  04 September 2023

SERAPHIM SPACE INVESTMENT TRUST PLC
(the "Company" or "SSIT")

SpaceTech Sector Newsletter - August 2023

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 2023.

SSIT Portfolio Update

HawkEye 360 is helping America keep tabs on China's maritime manoeuvres

The US and its allies are using new technology to track China's military
activity and illegal fishing, provided by HawkEye 360. HawkEye 360 operates a
constellation of 21 low Earth orbit (LEO) satellites monitoring the radio
frequency (RF) signals from navigation, security and communication equipment
that ships use even if automatic identification system (AIS) transponders are
deactivated. These signals are used to identify and locate ships to monitor
bad actors.  link 
(https://www.economist.com/china/2023/08/15/keeping-tabs-on-chinas-murky-maritime-manoeuvres)

Lockheed Martin Invests in Xona Space's $15m funding round

Xona has secured another $15m in financing in an oversubscribed funding round,
bringing its total funding raise to over $25m. The company, which is
developing navigation technologies from LEO, revealed the round was led by
Spark Ventures, and supported by other high profile investors including
Lockheed Martin. The new round will help Xona double its team to 60 employees
ahead of deploying its second prototype satellite next year.  link 
(https://spacenews.com/lockheed-invests-in-xonas-gps-alternative-constellation/)

Voyager Space and Airbus create a commercial space station joint venture

In a ground-breaking partnership, Voyager Space and Airbus Defence and Space
have revealed plans to establish a transatlantic joint venture to create and
operate Starlab, a commercial space station intended to succeed the iconic
International Space Station (ISS).  link 
(https://spacenews.com/voyager-space-and-airbus-create-commercial-space-station-joint-venture/)

Spire Global secures NASA contract renewal for Earth observation data

Spire Global has secured the renewal of a significant contract with NASA's
Commercial Smallsat Data Acquisition (CSDA) Program. This renewal amounts to
$6.5m over the course of 12 months, adding further growth to its $100m annual
recurring revenue, The programme will progress Spire's ambitions to use Earth
observation data to tackle crucial climate change issues.  link 
(https://satelliteprome.com/news/spire-global-secures-6-5m-nasa-contract-renewal-for-eo-data/#:~:text=Spire%20has%20been%20providing%20Earth,Commercial%20Smallsat%20Data%20Acquisition%20Programme)

SpaceTech Sector News

India's Chandrayaan-3 spacecraft lands on the moon

An Indian spacecraft became the first to land on the unexplored south pole of
the moon in a mission seen as crucial to lunar exploration and India's
standing as a space power. Rough terrain makes a south pole landing difficult,
but the region's ice could supply fuel, oxygen and drinking water for future
missions to the moon and beyond. This is a big step forward in space
exploration and a testament to the impressive progress made by India in the
field of science and technology.  link 
(https://www.aljazeera.com/news/liveblog/2023/8/23/india-moon-landing-live-news-isro-says-smooth-sailing-for-chandrayaan-3)

KKR pays a premium for space company OHB

Private equity giant KKR swept into the market acquiring a minority stake in
German space engineering company OHB, paying a significant premium. Last
quarter Advent also paid a significant premium for Earth observation leader
Maxar. These are two of the leading brand name private equity (PE) investors
who are making a statement about their view on the outlook for the space
domain over the next five years. Whilst they have endless choices to acquire
and invest into cut-priced businesses in other sectors, they are focused on
the long-term growth features of the space domain. This reads across to the
recent investment by BlackRock into Seraphim Space growth fund portfolio
company HawkEye 360. BlackRock led the up round to access the premier player
in the RF sector. This bodes well for the space domain and Seraphim Space
expects to see a growing stream of other PE firms making the same play. [link
(https://www.reuters.com/technology/space/german-space-company-ohb-announces-kkr-takeover-bid-2023-08-07/)
]

The Seraphim Space Accelerator wins UK Space Agency bilateral funding

The UK Space Agency announced the recipients to receive the first phase of its
£20 million International Bilateral Fund investments, which will help UK
organisations link up with the US, Canada, Australia, Japan, India, Singapore,
South Africa and more to form collaborations that will progress space research
and catalyse investment in new technologies. The Seraphim Space Accelerator
won this grant as part of its recent bilateral fund to expand its presence in
Singapore and the APAC Region.  link 
(https://seraphim.vc/news/seraphim-space-accelerator-wins-uk-space-agency-grant-to-expand-presence-in-apac-region/)

Space market reports

The United Nations' latest report [link
(https://www.unoosa.org/oosa/en/informationfor/media/2023-unis-os-587.html) ]
looks at how space will help support a world with a population of 9bn people
and the ESPI (European Space Policy Institute) Space Venture 2022 report [link
(https://www.espi.or.at/reports/space-venture-europe-2022/) ] spells out the
record-breaking year for Europe, with more than €1bn invested in European
space start-ups distributed across 112 deals.

Media & Podcasts

Video webinar

·           The Seraphim SpaceTech VC Index Q2 2023 Explained: The
Seraphim Space team explain key highlights and trends in the global space
private investment domain and discuss recent M&A activity.  link 
(https://www.linkedin.com/feed/)

Podcasts: Episodes 6 and 7 of the Generation Space Podcast 'Portfolio
Spotlight'

·           S2 Episode 6: SSIT portfolio company Altitude Angel
with Founder & CEO Richard Parker: The series of interviews with the top
10 portfolio companies of SSIT continues with Richard Parker, CEO of Altitude
Angel. Altitude Angel's unique technologies help unlock the potential of
drones to revolutionise businesses and transform lives by providing the
digital infrastructure required to deliver air traffic control for drones.
 link 
(https://seraphim.vc/generation-space/podcast/portfolio-spotlight-richard-park-founder-and-ceo-of-altitude-angel/)

·           S2 Episode 7: SSIT portfolio company ALL.SPACE with
Founder & CEO John Finney: In this episode, the Manager talks to John
Finney, the CEO and Founder, about ALL.SPACE's revolutionary next generation
smart antenna's capability of linking with any satellites, on any network, in
any orbits - all simultaneously. He talks about how this ground-breaking
software-defined service enables connectively resilience on any mobile
platform - from planes to boats and trains.  link 
(https://seraphim.vc/generation-space/podcast/portfolio-spotlight-john-finney-ceo-and-founder-of-all-space/)

Conference

·           World Satellite Business Week, 11 - 15 September 2023
in Paris: Mark Boggett, CEO of Seraphim Space, is on the SpaceTech startup
judging panel.

Find out where to meet and hear from Seraphim Space's team by following its
social media, LinkedIn (https://www.linkedin.com/company/seraphim-space/) /
Twitter (https://twitter.com/seraphim_space?lang=en) .

Sign up to receive SSIT's monthly newsletter direct to your inbox.  link 
(https://seraphim.us16.list-manage.com/subscribe?u=e0d06c32336837b2b89cf44ae&id=68130aa2bb)

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 (mailto:seraphim@secnewgate.co.uk)
 Emma Kane / Clotilde Gros / George Esmond                 +44 (0) 20 3757 6767
 Deutsche Bank
 Mark Hankinson / Gavin Deane / Neil Coleman               +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 7387 971915

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
(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.

Further information is available at www.seraphim.vc (http://www.seraphim.vc) .

About Seraphim Space Camp 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 (http://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
(http://www.generation.space) .

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