Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Seraphim reaches for the stars with 31% year-to-date gains

AJ Bell is an easy to use, award-winning platform Open an account
We've accounts to suit every investing need, and free guides and special offers to help you get the most from them.
You can get a few handy suggestions, or even get our experts to do the hard work for you – by picking one of our simple investment ideas.
All the resources you need to choose your shares, from market data to the latest investment news and analysis.
Funds offer an easier way to build your portfolio – we’ve got everything you need to choose the right one.
Starting to save for a pension, approaching retirement, or after an explainer on pension jargon? We can help.
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Shares in Seraphim Space Investment Trust (SSIT) have nearly doubled from a low of 29p last November but are still a long way off their initial public offering (IPO) price of 100p.
The trust’s share price has been volatile post-pandemic as investors ‘fell out of love’ with blue-sky stocks like Seraphim, which made its stock market debut in the summer of 2021, but over the past three months interest in space tech has been reignited.
Analysts at Stifel believe the company’s underlying performance is healthy with ‘significant growth potential over the long term helped by tailwinds related to increased defence and climate change prevention spending’.
Coupled with this is record investment in the space tech sector – the last quarter of 2023 saw $2.2 billion invested across 128 deals.
Seraphim is ‘on the up’, says Maureen Haverty, a Seraphim principal investor. ‘Space tech is bucking trends with sustained levels of high investment. Renewed investment focus from governments around the world, a burgeoning private equity market and a surge in M&A (merger and acquisition) activity means 2024 is on track for a strong year of investment.’
Disclaimer: The author (Sabuhi Gard) owns shares in Seraphim Space Investment Trust.
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.