Seraphim Space Investment Trust valuation passes £605M
Seraphim's FY26 financials show a £605.5M valuation, with ICEYE making up 54% of the portfolio.
Seraphim Space Investment Trust has published its FY26 financials, showing a valuation of £605.5M (€716.3M). This is more than double its value in June 2025.
ICEYE, ALL.SPACE, D-Orbit, HawkEye 360 and Xona Space Systems together make up more than 75% of the portfolio. ICEYE alone represents 54%. Seraphim also benefited from rising government spending on space and growing venture capital interest in the sector.
CEO Mark Boggett said the trust has focused on companies building vertically integrated, IP-protected businesses that use space, and has stayed away from verticals such as traditional launch. He pointed to 237% revenue growth among the top 10 holdings and a nearly 50% increase in headcount across the portfolio.
Sourcepayloadspace.com