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Seraphim Space Investment Trust Plc ( (GB:SSIT) ) has shared an announcement.
Seraphim Space Investment Trust said its largest portfolio holding, synthetic aperture radar satellite specialist ICEYE, has secured a €1.7 billion contract via its joint venture with German defence group Rheinmetall to provide a dedicated SAR satellite constellation and associated services to the German Armed Forces. The five-year deal, which includes constellation operations, ground station management and AI-driven image analysis, is expected to significantly bolster ICEYE’s commercial position, support its role as a key partner in sovereign space-based intelligence, and underpin SSIT’s investment thesis, with the trust indicating that the contract could prompt a reversion to a higher valuation methodology for ICEYE at year-end.
Spark’s Take on GB:SSIT Stock
According to Spark, TipRanks’ AI Analyst, GB:SSIT is a Neutral.
Seraphim Space Investment Trust (SSIT) demonstrates financial stability with a strong balance sheet and improved profitability metrics. However, the stock faces challenges with negative cash flows and bearish technical indicators. Despite these challenges, the company is strategically positioned within the growing SpaceTech sector, offering long-term growth potential. Valuation is fair, but the absence of a dividend yield might limit immediate investor appeal.
To see Spark’s full report on GB:SSIT stock, click here.
More about Seraphim Space Investment Trust Plc
Seraphim Space Investment Trust plc is the world’s first listed fund dedicated to SpaceTech, investing mainly in growth-stage, privately financed space technology businesses with ambitions to become global leaders across sectors such as climate, communications, mobility and cyber security. The company is listed on the Main Market of the London Stock Exchange and is managed by UK-based Seraphim Space Manager LLP.
Average Trading Volume: 857,974
Technical Sentiment Signal: Buy
Find detailed analytics on SSIT stock on TipRanks’ Stock Analysis page.