Seraphim Space Investment Trust Plc (GB:SSIT) has released an update.
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Seraphim Space Investment Trust PLC (SSIT), a pioneer in listed SpaceTech investments, has reported a slight increase in NAV and NAV per share, alongside a substantial 43% jump in market capitalization in its latest quarterly results. The company’s strategic moves, including the divestment of early-stage assets to focus on more mature growth assets, have positioned it to leverage the SpaceTech industry’s momentum, as evidenced by successful funding rounds and public offerings of its portfolio companies like Astroscale. With a well-capitalized portfolio and several mature holdings expected to reach EBITDA positivity in 2024, SSIT is poised for a promising year ahead.
For further insights into GB:SSIT stock, check out TipRanks’ Stock Analysis page.