Seraphim launches New Space UCITS ETF, lists as SERA

Seraphim Space has launched the Seraphim New Space UCITS ETF, a fund that tracks the firm’s Seraphim New Space Index. The ETF will list on the London Stock Exchange under the ticker SPCE and on Xetra and Borsa Italiana under SERA. The fund’s ISIN is IE000SDZFVP4 and its total expense ratio is 0.75%.

The index targets publicly listed companies that generate significant revenue from the commercial New Space economy. It covers firms involved in launch and access, satellite manufacturing, satellite connectivity, Earth observation and in-orbit services. The index uses a conviction-weighted, rules-based methodology based on a proprietary scoring framework that assesses New Space revenue exposure, technology leadership, business model attractiveness and growth characteristics.

At launch the ETF includes 23 companies. Representative holdings named by Seraphim include Seraphim Space Investment Trust, SpaceX, Rocket Lab, AST SpaceMobile, Planet Labs, BlackSky, HawkEye 360, Redwire, York Space Systems, Intuitive Machines and Astroscale. The inclusion of Seraphim Space Investment Trust provides indirect exposure to privately held SpaceTech companies that form part of the trust’s portfolio.

Seraphim says the index was designed to focus on companies with direct New Space operations rather than broad aerospace and defence groups. The methodology allows newly eligible companies to enter the index as venture-backed SpaceTech firms list on public markets. Seraphim reports it has supported more than 150 SpaceTech companies across 33 countries since 2016; those companies have raised more than USD 10 billion in capital, produced ten unicorns and completed six IPOs.

The firm cites an industry estimate that the global space economy is already above USD 600 billion annually and could reach about USD 1.8 trillion by 2035. Seraphim highlights factors such as lower launch costs from reusable rockets, mass-produced small satellites and advances in artificial intelligence and data analytics as drivers that enable larger satellite networks and new services in telecommunications, defence, agriculture, finance and transport.

Mark Boggett, CEO of Seraphim Space, commented: “The convergence of AI and SpaceTech, together with rising demand for connectivity, defence and sovereign capability, is creating one of the most compelling investment opportunities of the coming decade. The Seraphim New Space UCITS ETF gives investors access to companies building satellite infrastructure, navigation and Earth intelligence.” Hector McNeil, co-founder and co-CEO of HANetf, added that the partnership with Seraphim and the inclusion of the investment trust make the ETF a differentiated product for European investors.

The ETF will trade in US dollars on the LSE as SPCE and in euros on Xetra and Borsa Italiana as SERA. Seraphim says the index will evolve as more SpaceTech companies move from private to public markets, allowing the investable universe to expand over time.