Seraphim Space Investment Trust Plc (GB:SSIT) has released an update.
Seraphim Space Investment Trust Plc (SSIT) highlighted significant developments in the SpaceTech sector, including Xona Space Systems’ $19m Series A funding for a GPS alternative, AST SpaceMobile’s $100m partnership with Verizon to enhance remote connectivity, and Tomorrow.io’s $10.2m Department of Defence contract for weather satellites. Additionally, notable advancements such as Privateer Space’s $56m funding and acquisition of Orbital Insights, and Hubble Network’s pioneering Bluetooth space connection, underscore the industry’s rapid growth and innovation.
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