{"id":31160,"date":"2026-06-09T07:40:58","date_gmt":"2026-06-09T07:40:58","guid":{"rendered":"https:\/\/microvibenews.com\/?p=31160"},"modified":"2026-06-09T07:40:58","modified_gmt":"2026-06-09T07:40:58","slug":"ssit-shareholders-get-lift-from-iceye-funding-deal-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=31160","title":{"rendered":"SSIT shareholders get lift from ICEYE funding deal \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/James-Bruegger.png\" alt=\"\" class=\"wp-image-196179 lazyload\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"894\" height=\"562\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/James-Bruegger.png\" alt=\"\" class=\"wp-image-196179 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/James-Bruegger.png 894w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/James-Bruegger-300x189.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/James-Bruegger-768x483.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/06\/James-Bruegger-600x377.png 600w\" sizes=\"(max-width: 894px) 100vw, 894px\"\/><figcaption class=\"wp-element-caption\"><em>James Bruegger: significant milestone<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Investors in Seraphim Space Investment Trust, chaired by Edinburgh businessman Will Whitehorn, have been handed a huge uplift in the value of its largest holding.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">ICEYE, a provider of sovereign intelligence from space, is raising \u20ac450 million in a Series F financing round at a valuation exceeding \u20ac10 billion, with an expected closing in Q3 2026. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">This valuation implies an uplift of approximately \u00a3202m in the fair value of SSIT\u2019s holding, representing a 102% increase and an estimated 73p increase in NAV per ordinary share. SSIT expects to reflect this uplift in its results for the year ended 30 June 2026, to be announced in October 2026.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The announcement comes just a day after SSIT, the world\u2019s first listed spacetech investment company, announced that it will join the FTSE 250 on 19 June.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">ICEYE is SSIT\u2019s largest holding, representing 47.1% of the Company\u2019s NAV. It has supplied sovereign satellite systems to seven European governments to date. The proceeds of the financing will support the continued expansion of its global footprint and intelligence capabilities, enabling it to meet growing demand for space-based intelligence, defence and resilience solutions.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">James Bruegger, CIO of Seraphim Space Manager, commented: \u201cThis financing round marks a significant milestone for ICEYE and, if completed on the terms announced, would represent a substantial uplift in the value of the Company\u2019s largest portfolio holding. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cAchieving a valuation of over \u20ac10 billion is a strong endorsement of ICEYE\u2019s leadership position in space-based intelligence and reflects the growing strategic importance of sovereign intelligence, resilience and real-time situational awareness capabilities. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cFor SSIT shareholders, this financing round demonstrates the company\u2019s ability to provide access to category-leading SpaceTech companies at the forefront of some of the most important technological and geopolitical trends shaping the global economy.\u201d<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.5) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#SSIT #shareholders #lift #ICEYE #funding #deal #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>James Bruegger: significant mi&hellip; <\/p>\n","protected":false},"author":1,"featured_media":31161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,265,110,2040,18108,6378,17487,3331,18089],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31160"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31160"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/31161"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}