RCS - Seraphim Space I.T. - SpaceTech Sector Newsletter – June 2024

Seraphim Space Investment TrustAnnouncement

02/07/2024 07:15

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RNS Number : 6068U  Seraphim Space Investment Trust PLC  02 July 2024

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

SpaceTech Sector Newsletter - June 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 June 2024.

Portfolio Update

Voyager Space's Starlab announces strategic partnership with Palantir

Starlab Space, the US-led global joint venture from portfolio company Voyager
Space, Airbus, Mitsubishi Corporation and MDA Space, announced Palantir
Technologies as a strategic partner. Palantir will become the exclusive
supplier of enterprise-wide software data management solutions for the Starlab
commercial space station. Palantir's AI-driven software enables analysts,
users and decision-makers to optimise the entirety of space architecture.
Starlab Space and Palantir will leverage data modelling through digital twins
and AI technologies to enhance Starlab's operations. The digital twin will
optimise resource allocation, mission planning and overall system performance.
(https://voyagerspace.com/press-releases/starlab-space-announces-strategic-partnership-with-palantir-technologies-inc-2/)
(https://voyagerspace.com/press-releases/starlab-space-announces-strategic-partnership-with-palantir-technologies-inc-2/)
[Read more]
(https://voyagerspace.com/press-releases/starlab-space-announces-strategic-partnership-with-palantir-technologies-inc-2/)

Spire Global, Thales and ESSP to develop air traffic surveillance
constellation

Thales, portfolio company Spire Global and the European Satellite Services
Provider ("ESSP") announced a memorandum of cooperation on 13 June 2024 to
develop a satellite constellation dedicated to air traffic surveillance. The
constellation of more than 100 satellites will collect aircraft Automatic
Dependent Surveillance-Broadcast (ADS-B) messages and quickly relay them to
ground stations. The partners aim to begin providing commercial services from
the new constellation in 2027. [Read more]
(https://spacenews.com/thales-spire-and-essp-to-develop-air-traffic-surveillance-constellation/)

Astroscale lists on the Tokyo Stock Exchange in oversubscribed IPO

Astroscale, the market leader in satellite servicing and long-term
sustainability across all orbits, completed its oversubscribed IPO on the
growth market of the Tokyo Stock Exchange on 5 June 2024, raising ¥23.8bn
(c.$153m) through a mixture of primary and secondary capital. Astroscale is
the third Japanese space company to go public in the last c.12 months. [Read
more]
(https://www.reuters.com/markets/asia/space-janitor-startup-astroscale-jumps-51-tokyo-debut-2024-06-05/)

LeoLabs wins $1.25m AFWERX contract for Radar Technology

LeoLabs has won a contract from AFWERX, the innovation arm of the US
Department of the Air Force and powered by the US Air Force Research
Laboratory, for $1.2m to build a radar to track objects in  Low Earth Orbit
(LEO). LeoLabs will design, develop, build and test a prototype S-band 2-D
direct radiating array (DRA) that is capable of advanced object tracking in
LEO. This next-generation radar technology is expected to help counter
security threats in space. [Read more]
(https://www.satellitetoday.com/government-military/2024/06/13/leolabs-wins-afwerx-contract-for-radar-technology/)

Pixxel signs landmark contract with Ministry of Defence in Delhi to develop
miniaturised satellites

Pixxel, a leader in cutting-edge hyperspectral Earth-imaging technology,
announced that it has officially signed a landmark contract with the Ministry
of Defence in Delhi. This contract empowers Pixxel to develop miniaturised
multi-payload satellites for the Indian Air Force. [Read more]
(https://www.pixxel.space/blogs/pixxel-signs-landmark-350th-idex-contract-to-develop-miniaturised-multi-payload-satellites)

SpaceTech Sector News

China's Chang'e-6 moon mission returns to Earth with historic lunar far-side
samples

China's Chang'e-6 lunar module returned to Earth, successfully completing its
historic mission to collect the first ever samples from the far side of the
moon in a major step forward for the country's ambitious space program. The
Chang'e-6 probe is expected to have returned to Earth with up to two kilograms
of moon dust and rocks from the lunar far side, which will be analysed by
researchers in China before being opened for access by international
scientists. The successful mission is a key milestone in China's "eternal
dream", as articulated by Chinese leader Xi Jinping, to establish the country
as a dominant space power. [Read more]
(https://edition.cnn.com/2024/06/25/china/china-change-6-moon-mission-return-scn-intl-hnk/index.html)

SIA reports record growth for the satellite industry in 2023

The Satellite Industry Association (SIA) published a leading annual analysis
of the satellite industry's economic performance. The global space economy
generated $400bn of revenue last year, $285bn of which related to the
satellite industry, according to the SIA's State of the Satellite Industry
Report. [Read more]
(https://sia.org/news-resources/state-of-the-satellite-industry-report/)

SpaceX Starship completes a successful test flight for the first time

SpaceX completed a successful test flight of its Starship rocket, as the
company pushed the development of the vehicle past new milestones. This was
the fourth test flight of Starship and the first which achieved a successful
splashed down in the Gulf of Mexico after returning back down to Earth
following the launch. This major new milestone will accelerate Starship's
progress to becoming fully operational. [Read more]
(https://www.cnbc.com/2024/06/06/spacex-starship-fourth-test-spaceflight.html)

Media

SpaceTech Podcast

Portfolio spotlight: Tune into the most recent episode of the Generation Space
podcast featuring Peter Platzer, CEO of portfolio company Spire Global. Spire
is a satellite-powered data company addressing the world's greatest challenges
with global data solutions. From offering insights into global trade
operations, weather, shipping and supply chains to combating illegal fishing
and enhancing maritime domain awareness, Spire leads in data innovation.
Explore what sets Spire apart from competitors, its significant achievements
and its vision for a data-led future on Earth. [Listen here]
(https://seraphim.vc/generation-space/podcast/portfolio-spotlight-peter-platzer-ceo-and-founder-of-spire-global/)

Conferences

·           SPACETIDE: Seraphim Space CEO Mark Boggett is speaking
on 8 July 2024 in Tokyo.  Details  (https://spacetide.jp/en/news/3483/)

·           SuperReturn Asia: Seraphim Space CEO Mark Boggett is
attending on 24 September 2024 in Singapore.  Details 
(https://informaconnect.com/superreturnasia/)

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 / 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
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 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 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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