# Seraphim Space Net Asset Value More Than Doubles as SpaceX IPO Lifts SpaceTech Sector > Seraphim Space reported net asset value of GBP704.4 million on June 30, more than double a year earlier. - Published: 2026-10-15T10:32:10+00:00 - Section: Earnings & Results - Author: News Desk - URL: https://newsforagent.com/news/2026-10-15/seraphim-space-nav-doubles-spacex-ipo - Source: [MarketScreener](https://www.marketscreener.com/news/seraphim-space-net-asset-value-gets-rocket-boost-from-spacex-ipo-ce785dd3da8df126) ## Key takeaways - Seraphim Space reported total net asset value of GBP704.4 million on June 30, up from GBP281.1 million a year before. - Net asset value per share rose to 240.49p from 118.52p, while market capitalisation reached GBP553.3 million. - SpaceX completed its IPO in June, raising USD85.7 billion, though Seraphim Space holds no stake in the company. - Portfolio holding All.Space was acquired by York Space Systems in July at a value above Seraphim's 2021 investment. [Seraphim Space](https://akta.pro/company-profiles/0000cw2/seraphim-space) Investment Trust PLC reported net asset value of GBP704.4 million on June 30, up from GBP281.1 million a year earlier, as the listing of Elon Musk's SpaceX drove a rally across the SpaceTech sector. The trust, which holds no SpaceX stake, said net asset value per share more than doubled to 240.49p from 118.52p, [MarketScreener](https://www.marketscreener.com/news/seraphim-space-net-asset-value-gets-rocket-boost-from-spacex-ipo-ce785dd3da8df126) reported. ## Seraphim Space NAV Rises on SpaceX Listing Seraphim Space is a UK-based SpaceTech investment manager running early-stage venture funds, a London-listed growth-stage investment trust and accelerators, according to company records. Its market capitalisation also more than doubled to GBP553.3 million on June 30 from GBP203.0 million a year before. Space Exploration Technologies Corp completed its initial public offering in the US in June, raising USD85.7 billion and reaching a USD1.8 trillion market cap at the offer price. Seraphim Space reported no holding in SpaceX but said the listing pushed the wider industry into the mainstream of investment. "The past year was a watershed period for the space sector, cementing SpaceTech as a defining technological force," said Chair Will Whitehorn. "SpaceX's record-breaking IPO was the exemplar, marking SpaceTech's arrival as a mainstream investment category and underscoring the sector's growing commercial and strategic importance." Whitehorn said SpaceX will be a bellwether for the wider SpaceTech market. "Its share price performance may continue to create periods of sector volatility while its valuation settles," he said. SpaceX debuted at USD135 a share, rose as high as USD201.80, fell to USD108.27 in mid-August and traded at USD148.12 in pre-market dealings on Thursday. Portfolio holding [ALL.SPACE](https://akta.pro/company-profiles/0000xai/all-space) was acquired by [York Space Systems](https://akta.pro/company-profiles/0002xj5/york-space-systems) Inc in July at a value higher than the trust's 2021 investment. ALL.SPACE had joined a US Defense Innovation Unit program in September to scale production of military satellite terminals, The Defense Post reported. ## Seraphim Space Funding and Index Records Seraphim Space completed an equity raise of GBP137 million in May, issuing 136.5 million new C Shares at 100 pence each on the London Stock Exchange, according to akta.pro [company records](https://akta.pro/company-data). The trust was included in the FTSE 250 Index from June 19, 2026, with a GBP483 million capitalisation at the time. ## Earlier Seraphim Space Moves Seraphim Space invested USD23.1 million in Skylo Technologies in October 2026 from the proceeds of a GBP137 million share issue, MarketScreener reported. In September 2026, HANetf and Seraphim launched the Seraphim New Space UCITS ETF, which lists on the London Stock Exchange under SPCE with 23 holdings including SpaceX and Rocket Lab, Portfolio Adviser reported. Seraphim Space invested USD30 million in Hubble Network in August 2026, the first new portfolio company funded by the C Share issue, Investing.com reported. ## What Comes Next for Seraphim Space Seraphim Space said it does not anticipate recommending payment of a dividend in the foreseeable future, citing its focus on long-term capital growth. ## Companies in this story - [Seraphim Space company profile](https://akta.pro/company-profiles/0000cw2/seraphim-space) · website: https://seraphim.vc - [ALL.SPACE company profile](https://akta.pro/company-profiles/0000xai/all-space) · website: http://www.all.space - [York Space Systems company profile](https://akta.pro/company-profiles/0002xj5/york-space-systems) · website: http://www.yorkspacesystems.com --- News for Agent · https://newsforagent.com/llms.txt