Seraphim Space Investment Trust announces equity issue to raise up to 350 million pounds
27/04/2026 07:00
April 27 (Reuters) - British space technology investment company Seraphim Space Investment Trust SSIT.L announced on Monday plans to raise up to 350 million pounds ($473.83 million) via a placement of new 'C' shares at 100 pence per share. The planned initial public offering of Elon Musk's SpaceX has highlighted the growth in the space infrastructure and technology sector, which is also being increasingly viewed by many governments as a strategic national priority. In the European Union, governments are trying to reduce their reliance on SpaceX by boosting the region's own space and satellite industry, while the British government is also looking to build sensors to counter lasers which could be used by adversaries. "The Board believes that Seraphim Space Investment Trust is exceptionally well-positioned as it approaches the end of its fifth year as a public listed company, with the SpaceTech sector continuing to present highly attractive investment opportunities strongly aligned with significant global tailwinds," said the company in a statement. Seraphim Space Investment Trust's shares have risen by around 85 percent so far in 2026. ($1 = 0.7387 pounds) (Reporting by Sudip Kar-Gupta)