RCS - Seraphim Space I.T. - SpaceTech Sector Newsletter – July 2025

Seraphim Space Investment TrustAnnouncement

05/08/2025 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250805:nRSE9050Ta&default-theme=true

RNS Number : 9050T  Seraphim Space Investment Trust PLC  05 August 2025

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

SpaceTech Sector Newsletter - July 2025

Science fiction to science fact

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 July 2025.

Portfolio Update

ALL.SPACE secures €3.4m from ESA to drive satellite-mobile network
integration

ALL.SPACE has been awarded €3.4m by the European Space Agency to advance its
next-generation satellite communications platform. The funding will accelerate
the development of the integration of 5G Non-Terrestrial Networks (NTN) into
ALL.SPACE's state-of-the-art terminals, enabling seamless connectivity across
satellite and cellular networks. The project aligns with UK and European goals
to strengthen sovereign space capabilities and secure global communications.
It also marks a key step in ALL.SPACE's transition toward a flexible, hybrid
model combining advanced hardware with scalable software services. [Read more]
(https://www.all.space/insights/enabling-the-future-of-satcom)

ICEYE expands global leadership in flood monitoring with rapid SAR-based
response

ICEYE continues to demonstrate the value of its SAR (Satellite Aperture Radar)
satellite constellation in real-time disaster response. During recent flooding
in Texas, ICEYE provided FEMA (Federal Emergency Management Agency) with
near-instant mapping of nearly 100 square miles, helping first responders
target search and rescue efforts and accelerating recovery. With its machine
learning-powered flood rapid impact product now delivering updates every six
hours, ICEYE is increasingly replacing legacy aerial and ground-based
monitoring for governments and insurers. [Read more]
(https://payloadspace.com/inside-iceyes-flood-watch-from-orbit/)

HawkEye 360 launches cluster 12, expanding its global RF intelligence network

HawkEye 360, a leader in space-based RF (radio frequency) geospatial
intelligence, has successfully launched its twelfth satellite cluster aboard
Rocket Lab's Electron rocket. Operating in a dawn/dusk sun-synchronous orbit,
Cluster 12 enhances coverage in high-latitude regions and introduces a Ka-band
downlink demonstration to boost future data capacity. This latest deployment
strengthens HawkEye 360's ability to deliver timely RF intelligence to
commercial and government users. With Cluster 13 expected to launch later this
year, the company continues to build momentum in expanding its global
monitoring capabilities. [Read more]
(https://www.he360.com/hawkeye-360-to-launch-cluster-12-expanding-global-signals-intelligence-constellation/)

AST SpaceMobile and Vodafone form JV to deliver pan-European sat-to-phone
coverage

AST SpaceMobile has launched a new joint venture with Vodafone, SatCo, based
in Luxembourg, to roll out direct-to-device satellite connectivity across all
of Europe by 2026. The venture has already drawn interest from mobile
operators in over 21 countries. AST's expanding BlueBird satellite
constellation will enable seamless integration with terrestrial networks,
eliminating dead zones. With 60 satellites expected in orbit by next year, AST
continues to lead the commercialisation of global satellite-to-phone services.
[Read more]
(https://payloadspace.com/ast-spacemobile-and-vodafone-form-european-jv/)

Skylo enables satellite messaging in latest Samsung devices via Verizon

Skylo is powering satellite messaging in Samsung's new Galaxy Z Fold7 and Z
Flip7 smartphones, now available through Verizon. The integration allows users
to send messages and share location even without cellular coverage, marking a
major step toward mainstream adoption of satellite-to-device connectivity. The
launch highlights Skylo's growing role in bridging mobile and satellite
networks, reinforcing its position within the expanding space-based
communications market. [Read more]
(https://www.verizon.com/about/news/verizon-samsung-galaxy-z-fold7-and-redesigned-z-flip7)

Spire boosts RF intelligence for global defence

Spire Global has expanded its capabilities with enhanced RF geospatial
intelligence tools for defence and security applications. The offering enables
near real-time signal detection, tracking and geolocation across land, sea and
air. Supporting both cloud-based and sovereign-ready deployments, the platform
serves mission needs such as GNSS (Global Navigation Satellite System)
interference tracking and emergency beacon detection. Backed by a $14m US Air
Force contract, Spire is developing next-gen satellite clusters to deepen
coverage and responsiveness, positioning itself as a key commercial partner in
space-based defence intelligence. [Read more]
(https://ir.spire.com/news-events/press-releases/detail/260/spire-launches-new-space-based-radio-frequency-intelligence#:~:text=With%20this%20expansion%2C%20Spire%20aims,GNSS%20interference%20tracking%20and%20more.)

SpaceTech Sector News

Seraphim Space reports Q2 2025 as second strongest quarter on record for
SpaceTech investment

Seraphim Space's latest Space Index reveals that global investment in space
startups surged to $3.1bn in Q2 2025, making it the second strongest quarter
on record. The sharp uptick, up from $2bn in Q1, reflects growing investor
confidence in the sector, driven in part by rising US defence spending and
sustained demand for space-based capabilities. The report highlights renewed
momentum across early to growth-stage companies, with strategic interest from
both government and commercial stakeholders fuelling deal flow. As
geopolitical dynamics and national security priorities evolve, space
technologies continue to attract capital as critical infrastructure for the
decade ahead. [Read the report]
(http://www.seraphim.vc/wp-content/uploads/2025/07/seraphimspaceUK-q2-2025_v1.pdf)

UK's Strategic Defence Review 2025 highlights growing role for space
technology investment

The UK's Strategic Defence Review 2025 outlines a comprehensive strategy to
strengthen national security through advanced technology and innovation. With
defence spending set to rise to 2.5% of GDP by 2027, the review signals clear
opportunities for space technologies to play an increasingly important role in
the UK's defence landscape. As the government prioritises rapid adoption of
cutting-edge systems, including autonomous platforms and resilient
communications, space-based solutions are expected to attract growing
attention and investment. The review's emphasis on a 'NATO first' policy and
enhanced homeland defence aligns with the expanding role of satellite-enabled
intelligence and technology. For the UK SpaceTech sector and investors, this
evolving defence agenda presents significant potential to support national
security objectives while driving sector growth and innovation. [Read more]
(https://www.gov.uk/government/publications/the-strategic-defence-review-2025-making-britain-safer-secure-at-home-strong-abroad)

UK space sector positioned as key driver of economic growth

At this year's UK Space Conference, the UK Space Agency (UKSA) underscored the
space sector's growing economic impact, with space and satellite services
contributing £454bn, 18% of GDP. The industry now supports over 55,000 direct
jobs, with high productivity levels well above the national average. UKSA
reported catalysing £2.2bn in investment and improving returns from ESA
contributions, reinforcing space as a strategic lever for national prosperity
and security. As future funding decisions approach, the agency is making a
clear case: investment in space delivers strong economic and geopolitical
value. [Read more]
(https://payloadspace.com/the-uks-economic-future-is-tied-to-space/)

Media

Podcast

From Strategy to Sovereignty - Financing Europe's Space Defence: Host Leah
Martin is joined by Rob Desborough, Partner at Seraphim Space, and Ed Phillips
from the UK's National Security, Strategic Investment Fund (NSIFF) to explore
why space technology is rapidly becoming a cornerstone of Europe's defence
strategy. With the UK ramping up defence spending and the EU launching its
€800bn 'ReArm Europe' initiative, they discuss how commercial space
capabilities, like secure communications, ISR (intelligence, surveillance and
reconnaissance) and satellite resilience, are shaping sovereign security.
[Listen here]
(https://seraphim.vc/generation-space/podcast/from-strategy-to-sovereignty-financing-europes-space-defence/)

Interview

SSIT Chair highlights UK's leadership in SpaceTech: SSIT Chair, Will Whitehorn
OBE, recently appeared in conversation with Peel Hunt to discuss the growing
strategic importance of SpaceTech. He outlined how the sector is rapidly
evolving into a cornerstone of the modern economy, powering global defence and
security systems, enabling real-time connectivity and supporting critical
infrastructure and climate monitoring. [Watch here]
(https://www.peelhunt.com/news-insights/articles/technology-spacetech-the-next-industrial-revolution/)

Webinars

·           Investor Meet Company webinar: Seraphim Space
Investment Trust plc (SSIT) recently took part in an introductory investor
presentation hosted by Investor Meet Company. The session provided an overview
of SSIT and its portfolio, and was presented by Mark Boggett, CEO of Seraphim
Space Manager LLP. [Watch here] (https://www.youtube.com/watch?v=4UMljMJ3g9Y)

·           Seraphim Space Index webinar: The Seraphim Space team
explores key findings from the Q2 2025 Space Index. The session covers the
latest trends in global investment activity, including growing momentum in
dual-use, defence, and climate-focused technologies. [Watch here]
(https://seraphim.vc/generation-space/live-stream/seraphim-space-index-q2-2025-2/)

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 Seraphim Space's monthly newsletter directly to your inbox.
[Sign up]
(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 Numis
 Mark Hankinson / Gavin Deane / Nathan Brown / Vicki Paine  +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 Main Market 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 and Seraphim Space Ventures
II LP.

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

About Seraphim Space Accelerator Ltd

Seraphim Space 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) .

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAUPUACRUPAGAC