Seraphim Space, manager of the Seraphim Space Investment Trust (SSIT), launched its actively managed New Space ETF on September 1, 2026. This ETF aims to provide investors with exposure to both public and private space technology companies, addressing a gap in the market by focusing on "new space" providers disrupting the sector. The fund targets companies making space technology more affordable and commercially driven, rather than government-led missions.
The ETF's initial portfolio consists of 23 companies, including major players like SpaceX, Elon Musk's rocket, satellite, and AI group that had a $1.7 trillion IPO in June, and its rival Rocket Lab. Other key holdings include AST SpaceMobile, a Texas-based satellite manufacturer, and HawkEye 360, a Virginia-based geospatial analytics company that had a $2.4 billion IPO in May. The ETF will also hold a stake in SSIT, providing indirect exposure to its portfolio of mostly unlisted companies.
Seraphim Space CEO Mark Boggett stated that many existing ETFs are "tilted in the wrong direction," with too much emphasis on "old space" companies. He highlighted that the "new space" sector is increasingly focused on building commercial infrastructure and services in orbit. The space tech market is projected to grow from $600 billion today to $1.8 trillion by 2035, with 80% of this activity being commercially driven, according to a McKinsey report. The ETF was launched in partnership with HanETF.
Seraphim Space has been active in the space investment sector since 2017, managing various space-focused investment vehicles and co-leading significant private funding rounds, such as HawkEye 360’s $145 million Series D financing and Astroscale’s $109 million Series F round. The New Space ETF expands Seraphim's product line, offering daily liquidity for public market investors seeking targeted space technology allocations. The fund aims to capitalize on long-term capital flows into smallsat constellations, defense space architectures, and satellite broadband services.
