RCS - Seraphim Space I.T. - SpaceTech Sector Newsletter - September 2024

Seraphim Space Investment TrustAnnouncement

01/10/2024 07:15

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RNS Number : 3056G  Seraphim Space Investment Trust PLC  01 October 2024

SERAPHIM SPACE INVESTMENT TRUST PLC

(the "Company" or "SSIT")

SpaceTech Sector Newsletter - September 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 September 2024.

Portfolio Update

D-Orbit successfully closes a €150m ($166m) Series C round

D-Orbit, a leading global provider of cutting-edge in-space logistics
services, announced the second and final closing of its €150m ($166m) Series
C round, making it one the biggest space deals in the last 12 months.  This
raise was underpinned by D-Orbit's impressive and unparalleled track record of
16 successful missions; 14 ION Satellite Carriers, the Company's proprietary
orbital transfer vehicle, have been launched in orbit since 2020, and a
further seven launches have been planned for 2025. The round allows D-Orbit to
continue developing its capabilities in space cloud computing and in-orbit
servicing. It will also facilitate and accelerate its collaborations with
governments and space agencies as well as broaden its customer reach across
geographies and industries. [Read more]
(https://spacenews.com/d-orbit-raises-150-million-euros-in-two-part-series-c-round/)

Pixxel, ICEYE and Tomorrow.io awarded contracts for NASA's $476m smallsat
project

NASA has selected eight companies for a new award to help acquire Earth
observation data and provide related services for the agency. The Commercial
SmallSat contract has a maximum value of $476 million. Among the eight chosen
are SSIT portfolio companies ICEYE, Pixxel and Tomorrow io. Under the
contract, the recipients will be responsible for acquiring satellite
observation data that support NASA's Earth science research and application
activities that help improve life on the planet. [Read more]
(https://www.nasa.gov/news-release/nasa-selects-companies-for-commercial-smallsat-services-award/)

AST SpaceMobile successfully launches its first five commercial satellites

AST SpaceMobile, in collaboration with AT&T, successfully launched five
commercial satellites, called BlueBirds. AT&T is working with AST
SpaceMobile to offer voice, data, text and video services in remote, off-grid
locations with standard smartphones. This is the first and only space-based
cellular broadband network accessible directly by everyday smartphones
designed for both commercial and government use. [Read more]
(https://about.att.com/story/2024/ast-spacemobile-launches-first-five-commercial-satellites.html#:~:text=AST%20SpaceMobile%2C%20in%20collaboration%20with,no%20special%20device%20is%20needed.)

Spire Global awarded $3.8m NOAA contract for satellite weather data

Spire was awarded a $3.8m contract from the National Oceanic and Atmospheric
Administration (NOAA) to provide radio occultation (RO) data for a year.
Spire's near-real-time RO data consists of vertical profiles of atmospheric
measurements, including pressure, humidity and temperature, that can reach all
points of the globe. The data will be used for NOAA's operational weather
forecasts, space weather models and climate research, among other
applications. [Read more]
(https://spire.com/press-release/spire-global-awarded-3-8-million-noaa-contract-for-satellite-weather-data/)

Astroscale UK wins next phase of UK's COSMIC mission

Astroscale UK announced it had won a contract to continue working on an active
debris removal mission that will take two defunct British satellites out of
orbit. The £1.95m ($2.5m) contract from the UK Space Agency will fund the
development of the 'Cleaning Outer Space' Mission. Astroscale will continue
working on the technology required to grab hold of the two satellites, that
includes a robotic arm that will be able to snag the debris even if it is
spinning or tumbling in orbit. [Read more]
(https://payloadspace.com/astroscale-wins-next-phase-of-uks-cosmic-mission/)

SpaceTech Sector News

SpaceX performs historic first private spacewalk with Polaris Dawn crew

SpaceX's Polaris Dawn crew delivered a five-day mission to orbit, which
included the world's first commercial spacewalk. The Polaris Dawn mission made
history as it reached a higher altitude than any human has travelled in five
decades, the first time such an endeavour has been completed by a privately
funded and operated mission. SpaceX sees the spacewalk, otherwise known as
extravehicular activity, or EVA, as a crucial milestone in its goal of sending
people to other planets. [Read more]
(https://www.cnbc.com/2024/09/12/spacex-performs-historic-first-spacewalk-with-polaris-dawn-crew.html)

Russian cosmonauts touch down in Soyuz capsule after record-breaking stay on
ISS

A Russian space capsule with two Russians and one American on board landed in
Kazakhstan after undocking from the International Space Station (ISS). Russian
cosmonauts Oleg Kononenko and Nikolai Chub returned after a record-breaking
stay of 374 days aboard the ISS, while American astronaut Tracy Dyson was in
the space station for six months. Russia has now vowed to quit the ISS,
further expanding the demand for commercial endeavours in this area. [Read
more]
(http://www.collectspace.com/news/news-092324a-soyuz-ms-25-landing-record-days-space.html)

Conferences

·        Sifted Summit: Seraphim Space Partner Andre Ronsoehr is
speaking at Sifted Summit on 2 October 2024 in London.  Details 
(https://summit.sifted.eu/ticket-right-?utm_medium=paid-search&utm_source=google&utm_campaign=siftedsummit&utm_term=sifted%20summit&utm_campaign=R3D+%7C+Remarketing+Campaign&utm_source=adwords&utm_medium=ppc&hsa_acc=4784286748&hsa_cam=21676452647&hsa_grp=169526242960&hsa_ad=712978265471&hsa_src=g&hsa_tgt=aud-2045815284958:kwd-2409548080967&hsa_kw=sifted%20summit&hsa_mt=p&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=Cj0KCQjwo8S3BhDeARIsAFRmkOOAgrocE_KkatWXj14cmM-PA4GppZ-3jQkb-q0QqilyHR7vL-10z9UaAsHoEALw_wcB)

·       AJ Bell Shares Investor Evening: Seraphim Space CIO and
Partner James Bruegger is presenting the SpaceTech investment opportunity on
the 1(st) October in London.  Details 
(https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-london-live-event-011024)

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 (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 is listed on the London Stock Exchange under the Equity
Shares in Commercial Companies Category.

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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