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SSIT’s portfolio companies have also made significant progress towards profitability, with several expected to reach this milestone in 2025. SSIT’s management hopes that the overall portfolio will achieve profitability by that time as well.
Despite these successes, SSIT continues to trade at a significant discount, currently about 52%, which should be seen in the context of the broader selloff in growth stocks and investment trusts. We note that SSIT has yet to fully benefit from the effects of falling interest rates, unlike some comparable investments. This could present a potential opportunity for investors.
Seraphim Space Investment Trust – Entering orbit
Seraphim Space Investment Trust (SSIT) continues to see its portfolio of cutting-edge SpaceTech companies achieve key milestones. Over SSIT’s financial year, its companies raised $900m in new investments, with SSIT contributing £11m across 10 positions. Notable examples are the oversubscribed IPO of Astroscale, the successful capital raise of D-Orbit, and the soaring share price of AST SpaceMobile. This has resulted in positive NAV growth for SSIT during the period.SSIT’s portfolio companies have also made significant progress towards profitability, with several expected to reach this milestone in 2025. SSIT’s management hopes that the overall portfolio will achieve profitability by that time as well.
Despite these successes, SSIT continues to trade at a significant discount, currently about 52%, which should be seen in the context of the broader selloff in growth stocks and investment trusts. We note that SSIT has yet to fully benefit from the effects of falling interest rates, unlike some comparable investments. This could present a potential opportunity for investors.
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David Johnson
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