Publicly traded space startup VC Seraphim: The private markets are doing fine. As for the public markets…

by Peter B. de Selding

LA PLATA, Maryland — Seraphim Space Investment Trust (SSIT) PLC, a publicly traded venture capital investor in startup space companies that, like parts of its portfolio, has suffered the market’s harsh judgment in the past two years, said its holdings have begun reporting positive EBITDA.

Others have sufficient cash to get to cash-flow break even and will not need new funding rounds anytime soon, Seraphim said.

SSIT said seven companies representing 60% of what it estimates is the fair value of its 31-company portfolio are . . .

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