LA PLATA, Maryland — The Seraphim Space Investment Trust (SSIT), a publicly traded, 26-company portfolio of young space companies, rose by 28.9% in the 12 months ending June 30, with its market capitalization rising by 56.8% in what the company said was just the start of an updraft caused by increased defense spending, especially in Europe.
Given the growing popularity of space investment, it may seem odd that London-based Seraphim’s business model has not been replicated by others since its founding in 2021. Seraphim filters dozens of . . .
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