Seraphim Space launches Seraphim New Space UCITS ETF
Seraphim Space launches Seraphim New Space UCITS ETF Sept 2 (Reuters) - British space technology investment company Seraphim Space Investment Trust SSIT.L announced on Wednesday the launch of the Seraphim New Space UCITS ETF, which it said would increase the ability of investors to tap into the booming space economy.
• The stock market debut in June of Elon Musk's SpaceX SPCX.O highlighted public appetite to buy into the space technology sector, which is forecast by McKinsey to reach a value of around $1.8 trillion by 2035.
• The ETF, which tracks the Seraphim New Space Index, has been launched in partnership with HANetf.
• "The convergence of AI and SpaceTech, together with rising demand for connectivity, defence and sovereign capability, is creating one of the most compelling investment opportunities of the coming decade," said Seraphim Space CEO Mark Boggett in a statement.
• Shares in Seraphim Space Investment Trust are up by around 50% so far in 2026.
(Reporting by Sudip Kar-Gupta)
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