ICEYE's €10 billion valuation drives Seraphim Space shares higher
By
James Crux
Crackles when you bite it. Shows the baker did the work.
Summary
Seraphim Space (SSIT) shares surged after its largest holding, Finnish satellite operator ICEYE, quadrupled its valuation to over €10 billion in its latest financing round. ICEYE, which provides sovereign intelligence from space and has supplied satellite systems to seven European governments, represents 47.1% of Seraphim's NAV. The revaluation also boosted shares in Molten Ventures (GROW), which also holds ICEYE. The financing will support ICEYE's global expansion.
Key quotes
· 3 pulledShares in Seraphim Space (SSIT) rocketed higher after largest holding ICEYE quadrupled its valuation to over €10 billion (£8.6 billion) in its latest financing round.
The Finnish satellite constellation operator spoke for 47.1% of Seraphim's NAV as at 31 March 2026.
ICEYE provides sovereign intelligence from space. To date, the company has supplied sovereign satellite systems to seven European governments.
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