TAMPA, Fla. — Seraphim Capital plans to trade stakes it has amassed in space technology startups on the public market through an investment trust.
The Seraphim Space Investment Trust will eventually comprise bets in 19 international startups, including satellite data specialist Spire Global, quantum encryption firm Arqit and space-based cellular network operator AST Space Mobile.
Those three recently got valuations of more than $1 billion in mergers with special purpose acquisition companies (SPACs), investment vehicles that offer another route to public markets.
AST Space Mobile (ASTS) went public in April after completing its SPAC merger. Spire expects to