Seraphim Space Investment Trust portfolio value doubles to 605.5 million pounds
Seraphim Space Investment Trust's FY26 results show NAV up 150.6% to 704.4 million pounds, led by ICEYE gains.
what happened
Seraphim Space Investment Trust (SSIT) reported full-year results for the year ended June 30, 2026, showing portfolio valuation up 133.0% to 605.5 million pounds and total net asset value up 150.6% to 704.4 million pounds, per Payload and the company's regulatory announcement. NAV per ordinary share rose 102.9% to 240.49p, and the ordinary share price rose 119.4% to 187.8p, narrowing the trust's discount to NAV from 27.8% to 21.9%. SSIT said growth was driven predominantly by fair-value gains across the portfolio, led by its largest holding, ICEYE, which represents 54% of total portfolio value; the trust's top 10 holdings showed 237% revenue growth and nearly 50% headcount growth over the period, per Payload. SSIT entered its new financial year with liquid resources of 152.9 million pounds following a 136.5 million-pound C Share issue.
why it matters
A near-doubling in NAV at one of the sector's few publicly listed, pure-play space investment vehicles is a visible proxy for how institutional capital is pricing the wider commercial space market, led by defense-linked earth observation demand at ICEYE. The scale of SSIT's gain, and its continued concentration in ICEYE, is a data point other space-focused investors and acquirers will use to benchmark portfolio marks and exit expectations across the sector.
signal-to-noise
quick facts
- Companies
- Seraphim Space
- Category
- financial
- Impact
- notable
- SNR
- 4 / 5
- Event date
- 2026-10-16
- Published
- 2026-10-16 12:10 UTC