LA PLATA, Maryland — Seraphim Space Investment Trust PLC (SSIT), a publicly traded investment fund invested in privately owned young space companies, rose 119.4% in the 12 months ending June 30 as several of its holdings exhibited explosive growth.
The fund’s market capitalization more than doubled during the period, to 553 million British pounds ($731.6 million) in a year when SSIT said it was frustrated at not having enough cash to take advantage of funding rounds in high-growth-potential companies. It was obliged to see its position in . . .
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