Seraphim Space (SSIT): Is this SpaceTech fund stock worth buying?

November 19, 2021 05:17 AM PST | By Sreenivas D Ajankar

Seraphim Space (SSIT): Is this SpaceTech fund stock worth buying? — Image source: Copyright © 2021 Kalkine Media

Seraphim Space Earnings

During the three months ended 30 September 2021, the company’s net assets witnessed a significant jump of 26% to £221 million, while its total portfolio value was at £99 million. The net asset value per share reported a rise of 6% to £1.04 during the period. The company invested £56.7 million of which £22 million was a follow-on investment, while £34 million was in new equity during the quarter. The company still holds liquidity of £124 million.

About company

The company manages the space technology-focused fund, which does investment in new age space technology businesses operating in segments like climate change, communication. It has investments in 20 SpaceTech companies and since its IPO the company has made seven investments, the most recent investment includes USD 25 million funds to HawkEye 360 Inc. which is one of the leading space-based radio frequency data and analytics services providers. Seraphim Space takes a sizable stake in new businesses with an aim to generate high return on investment in the long run.

Should you invest in the SpaceTech sector?

According to the industry experts, Space Tech is USD 366 billion industry, and it is one of the fastest-growing sectors attracting a lot of buying interest from the private equity firms and institutional investors.

Also, many new startups and early-stage companies are being set up in the space segment leading to reduced cost to access the space with lower satellite and launch costs. At present, the new companies are developing innovative technology and are expected to become an established businesses in the upcoming decade

Investors who want to diversify their portfolio and have exposure to space technology might consider investing in Seraphim Space Fund. However, investors should do their own research and risk profiling before investing in any market segment.

Seraphim Space Investment Trust plc currently trades at GBX 126.20, up by 1.77% on 19 November 2021 at 10:45 am GMT+1 with a market cap of £263.04 million.

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