Seraphim Space Investment Trust, the world’s first listed spacetech investment company, will be included in the FTSE 250 Index on 19 June.
The company, chaired by Edinburgh space pioneer Will Whitehorn, said elevation to the index represents an important milestone in the company’s development since its 2021 IPO.
It reflects the continued growth in its portfolio value and investor interest in the SpaceTech market. It recently raised £137m in a C share exercise.
Mr Whitehorn, who is chancellor of Edinburgh Napier University and former president of Virgin Galactic., said: “Our inclusion in the FTSE 250 marks a significant milestone for Seraphim Space Investment Trust.
“[It] is a clear reflection of the progress we have made in scaling the company over the last five years and demonstrating the attractiveness of spacetech as an institutional asset class.
“We believe this inclusion will further enhance the company’s visibility, improve liquidity and support continued growth in our shareholder base.”
Mark Boggett, chief executive, said: “SSIT joining the FTSE 250 reflects not only the company’s progress, but the transition of space from a specialist technology theme into a core pillar of global infrastructure. Space has become foundational to how nations operate, compete and secure their future.
“As the only listed investment company offering diversified access to this largely privately backed ecosystem, SSIT is uniquely positioned to participate in, and help shape, this next phase of growth.”
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