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

Seraphim Space Investment TrustAnnouncement

05/11/2024 07:00

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RNS Number : 8732K  Seraphim Space Investment Trust PLC  05 November 2024

SERAPHIM SPACE INVESTMENT TRUST PLC

(the "Company" or "SSIT")

SpaceTech Sector Newsletter - October 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 October 2024.

Portfolio Update

D-Orbit signs landmark €119.6m contract with ESA to enter the in-orbit
servicing market

D-Orbit, a global leader in space logistics, has signed a €119.6m contract
with the European Space Agency (the "ESA") under the Space Safety program,
which was announced at The International Astronautical Congress in Milan in
October 2024. The contract aims to establish a commercial-grade in-orbit
servicing infrastructure. As part of the initiative, D-Orbit will develop,
launch, and demonstrate a spacecraft capable of docking with and controlling
another satellite, enabling life extension, repair, relocation and disposal
services. This project, supported by the Italian government and space agencies
across Europe, highlights Italy's leadership in space innovation. [Read more]
(https://www.dorbit.space/media/5/37.pdf)

ALL.SPACE secures $44m Series C funding

ALL.SPACE has secured $44m in Series C funding, led by Boka Group and with
participation from SSIT, to launch its first multi-orbit flat panel antenna.
The terminal, designed to seamlessly switch between satellite orbits and
terrestrial networks, targets sectors including defence, aviation and
maritime. With backing from investors including SES, AE Industrial Partners
and others, ALL.SPACE aims to provide greater connectivity flexibility. [Read
more]
(https://spacenews.com/all-space-gets-44-million-to-debut-multi-orbit-terminal/)

Hawkeye360 awarded $8.9m US government contract

Hawkeye360, has been awarded an $8.99m contract by the US government. The
contract underscores the company's role in advancing satellite technology and
radio frequency ("RF") data analysis, critical for government applications
such as defence and intelligence. Hawkeye360's innovative use of RF signals
from satellite constellations enhances situational awareness and geospatial
intelligence, vital technology for times of heightened geopolitical tensions
and economic uncertainty. [Read more]
(https://www.defensedaily.com/contract-awards/contract-award-hawkeye-360-inc-herndon-virginia-8995000/?utm_content=309046598&utm_medium=social&utm_source=linkedin&hss_channel=lcp-10193191)

Pixxel partners with Geoimage to bring hyperspectral imaging to Australia

India-based Pixxel announced a partnership with Geoimage to bring
hyperspectral imaging to Australia. This collaboration empowers Geoimage to
deliver deeper insights through spectral analysis, utilising Pixxel's advanced
imaging capabilities that cover up to 250 spectral bands. [Read more]
(https://www.pixxel.space/blogs/pixxel-and-geoimage-partner-to-bring-high-resolution-hyperspectral-imaging-to-australia)

SpaceTech Sector News

SpaceX catches Starship booster in historic first

SpaceX achieved a significant milestone by successfully catching a Super Heavy
booster for the first time. During the fifth test flight of Starship, the
booster returned to the Texas launch pad and was caught by 'Mechazilla', a set
of chopstick-like arms on the launch tower. This breakthrough marks a major
step towards making Starship fully reusable, which is essential for future
missions to the Moon and Mars. The Federal Aviation Administration has already
approved future flights, allowing SpaceX to proceed without regulatory delays.
[Read more]
(https://payloadspace.com/spacex-catches-booster-in-historic-first/)

Seraphim releases the Seraphim Space Index Q3 2024:

The Seraphim Space quarterly investment index revealed that space startups are
witnessing a rise in funding as investors increasingly bet on
capital-intensive ventures. Despite the challenges of high upfront costs and
long timelines to profitability, many investors view the sector as essential
for future innovation. This growth highlights the confidence in the long-term
potential of space. With demand for satellite services, space logistics and
emerging technologies, investment in the space industry continues to
accelerate. [Read more]
(https://seraphim.vc/wp-content/uploads/2024/10/seraphimspaceUK-q3-2024_v1.pdf)

Media

Webinar

·            Meet the Seraphim Space Accelerator Mission 14 Startups:
The Accelerator's track record and unique position at the epicentre of the
'New Space' ecosystem continues to attract early-stage startups from all over
the world. In this episode the team at Seraphim Space announce the Mission 14
cohort. [Listen here]
(https://seraphim.vc/generation-space/live-stream/meet-the-seraphim-space-accelerator-mission-14-cohort/)

·           The Seraphim Space Index Q3 2024 Explained: In this
episode Seraphim Space's investor Lucas Bishop and Leah Martin, Head of
Marketing discuss the findings from the Q3 2024 Space Index. Topics include
investment trends, focus, emerging technologies and geographies in the sector.
[Listen here]
(https://seraphim.vc/generation-space/live-stream/seraphim-space-index-q3-2024-2/)

Conferences

·           Web Summit: Seraphim Space CEO Mark Boggett is speaking
at Web Summit on 12 November 2024 in Lisbon.  Details 
(https://websummit.com/?utm_source=google&utm_medium=cpc&utm_campaign=18596301002&utm_content=143300305918&utm_term=web%20summit%20tech%20conference&gclid=CjwKCAiAr4GgBhBFEiwAgwORrTTjTpDNKp_u4EVPnM2saYGf8dMfnCRfDVvSqEhI4lfRPTWK9UDnfhoCZ7AQAvD_BwE)

·           Payload Investor Summit: Seraphim Space General Partner
Rob Desborough is attending the Payload Investor Summit on 13 November 2024 in
Los Angeles.  Details 
(https://payloadspace.com/event/payload-space-investor-summit-2024/)

·           Deutsche Bank Global Space Summit: Seraphim Space CEO
Mark Boggett is speaking at the DB Global Space Summit on 20 November 2024 in
New York.  Details 
(https://conferences.db.com/files/documents/americas/Space/2023-DBGlobalSpaceSummit-savethedate.pdf)

·           SLUSH: Seraphim Space CIO James Bruegger is attending
SLUSH on 20 November 2024 in Helsinki.  Details  (https://slush.org/)

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 / David Benda/ 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 (mailto: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's shares are traded on 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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