Seraphim Space, the leading specialist SpaceTech investor, today announced the launch of the Seraphim New Space UCITS ETF in partnership with Han ETF, offering investors focused exposure to publicly listed companies driving the New Space economy.
At the heart of the ETF is the Seraphim New Space Index, designed by Seraphim using a proprietary methodology informed by more than a decade of specialist SpaceTech investing. The Index identifies and weights companies across the New Space ecosystem, spanning launch and access, satellite manufacturing, satellite connectivity, Earth observation and the emerging in-space economy.
The ETF, which tracks the Seraphim New Space Index, has been launched in partnership with HANetf, Europe’s first and leading independent white-label UCITS ETF and ETC platform. HANetf brings extensive experience launching and managing specialist and thematic exchange-traded products across European markets.
HANetf will operate the ETF as the independent platform provider, while Seraphim will determine its constituent companies through the Seraphim New Space Index methodology.
The ETF will list on the London Stock Exchange under the ticker SPCE for UK investors and under SERA on Xetra and Borsa Italiana for European investors.
Seraphim New Space UCITS ETF
ISIN: IE000SDZFVP4
TER: 0.75%
From Government Missions to Commercial Markets
The global space economy already exceeds $600 billion annually and is forecast by McKinsey to reach approximately $1.8 trillion by 2035. Around 80% of activity is now commercially driven, reflecting a fundamental shift in the economics and structure of the industry.
Old Space was defined by government-led missions. New Space is increasingly about building the commercial infrastructure and services of the global economy in and from orbit.
Reusable launch systems, mass-manufactured miniaturised satellites have dramatically reduced the cost of accessing and operating in space, while artificial intelligence and data analytics are unlocking greater value from space-based data. These developments are enabling satellite networks and infrastructure to be deployed at unprecedented scale, accelerating convergence with industries including telecommunications, defence, financial services, agriculture and transportation.
The result is that SpaceTech has evolved from a specialist industry into a foundational layer of the global economy. Like AI, its influence is expected to be felt across virtually every sector, representing one of the defining technology megatrends of the coming decades.
Demand is also being accelerated by rising defence budgets and the increasing strategic importance of sovereign space capabilities. Governments and businesses are investing in cutting-edge New Space technologies as which are now critical to national security.
Built by SpaceTech Experts
Historically, investing in space through public markets has meant gaining exposure predominantly through large aerospace and defence companies or broad innovation funds. As investor interest in SpaceTech continues to grow rapidly, Seraphim believes many existing space-themed investment products provide only limited exposure to the fastest-growing areas of the sector, as they are heavily weighted towards traditional aerospace and defence groups rather than the companies driving the New Space revolution.
The Seraphim New Space Index has been designed specifically around the New Space economy – the new generation of commercially driven companies building low-cost, large-scale space-based infrastructure, technologies and services.
The index draws on Seraphim’s decade of experience investing across the entire SpaceTech lifecycle, from accelerator-backed start-ups and venture investment through to growth-stage businesses and public markets. This gives Seraphim visibility into emerging technologies, markets and companies before many reach the public markets, helping identify the businesses best positioned to benefit from the long-term growth of the New Space economy.
That specialist expertise underpins the Index’s methodology. Rather than simply allocating more weight to the largest companies, the Index is designed to identify and amplify exposure to businesses with meaningful New Space operations, differentiated technologies and strong long-term growth potential.
Companies are assessed against Seraphim’s proprietary scoring framework, including their exposure to New Space revenues, technology leadership, business model attractiveness, growth characteristics and alignment with the structural themes shaping the sector.
The Seraphim New Space Index is differentiated by five key characteristics:
- Focused New Space exposure – targeting companies whose businesses are directly linked to the rapidly developing New Space economy, rather than providing broad exposure to traditional aerospace.
- Conviction-weighted methodology – applying a transparent, rules-based methodology incorporating Seraphim’s proprietary scoring framework rather than weighting constituents solely according to market capitalisation.
- Specialist SpaceTech expertise – designed using insights developed over a decade of dedicated investment in the global SpaceTech sector.
- Private-market insight – informed by Seraphim’s visibility across the private SpaceTech ecosystem and the technologies and businesses emerging within it.
- Designed to capture the next generation of public SpaceTech companies – enabling newly eligible companies to enter the Index as the New Space sector increasingly moves from private into public markets.
Representative Holdings
The Seraphim New Space Index currently comprises 23 companies across the New Space ecosystem, spanning the infrastructure, platforms and applications at the forefront of the industry’s accelerating evolution.
Representative holdings include Seraphim Space Investment Trust (SSIT), SpaceX, AST SpaceMobile, Rocket Lab, Firefly Aerospace, HawkEye 360, Planet Labs, BlackSky, Redwire, York Space Systems, Intuitive Machines and Astroscale, among others.
Together, these companies illustrate the breadth of the cohort of listed New Space pioneers that are driving the transformation of SpaceTech into a multi-decade investment super-cycle. SpaceX, Rocket Lab and Firefly Aerospace are helping transform access to space; AST SpaceMobile is developing satellite-based direct-to-device connectivity; Planet Labs and BlackSky provide Earth observation and geospatial intelligence; HawkEye 360 uses satellites to detect and analyse radio-frequency signals; while Redwire, York Space Systems, Intuitive Machines and Astroscale operate across areas including space infrastructure, satellite platforms, lunar services and in-orbit servicing.
The inclusion of Seraphim Space Investment Trust, the world’s first listed SpaceTech investment company, also provides indirect exposure to a high-growth private portfolio, including category-leading businesses such as ICEYE, a global leader in space-based intelligence and synthetic aperture radar technology, and Xona Space Systems, which is developing next-generation satellite navigation infrastructure.
Importantly, the Index has been designed to evolve as the New Space economy develops. Seraphim’s experience across private SpaceTech markets provides visibility into the pipeline of companies and technologies emerging across the sector, while the Index methodology allows newly eligible companies to be considered for inclusion as they enter the public markets.
This is particularly relevant as a growing generation of venture-backed SpaceTech businesses progresses towards the public markets, potentially expanding the investable universe beyond today’s listed companies. The Index is therefore designed not simply to reflect the New Space market as it exists today, but to evolve alongside it as the sector continues to develop.
Largest Holdings available here: VettaFi Seraphim New Space Index | VettaFi
Representative holdings include:
- SSIT
- Hawkeye360
- Intuitive Machines
- AST SpaceMobile
- Firefly Aerospace
- BlackSky
- SpaceX
- Voyager Technologies
- Redwire
- York Space Systems
- Planet Labs
- Ovzon AB
- Astroscale
- Spire Global
- iSpace
- Rocket Lab
- Kratos Defense & Security Solutions
- Creotech Instruments
- Satellogic
- iQPS
- Synspective
- Amazon
- Alphabet Inc.
Seraphim Space – A Decade Building the New Space Ecosystem
Since 2016, Seraphim has supported more than 150 SpaceTech companies across 33 countries, with companies across its ecosystem collectively raising more than $10 billion of capital and producing ten unicorns and six IPOs.
Its investment activities are supported by proprietary market intelligence and research spanning the global SpaceTech ecosystem. This combination of private-market visibility, specialist investment experience and public-market expertise underpins the methodology used to construct the Seraphim New Space Index.
The launch of the Seraphim New Space UCITS ETF represents the next evolution of this platform, bringing the expertise Seraphim has developed investing in private SpaceTech markets into an Index designed for public-market investors.
Mark Boggett, CEO of Seraphim Space, said:
“Old Space put humans on the Moon. New Space is building the commercial infrastructure of the global economy. 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.
“Until now, investors have had limited ways to access that opportunity through public markets. At Seraphim, we have spent more than a decade investing across the SpaceTech ecosystem, from early-stage companies through to growth and public markets, and have used that specialist expertise to design the Seraphim New Space Index.
“The Seraphim New Space UCITS ETF now gives investors access to that Index and a differentiated route into the companies building the New Space economy, supporting everything from global connectivity and defence to navigation and Earth intelligence.
Hector McNeil, Co-Founder and Co-CEO of HANetf, commented:
“We are delighted to partner with Seraphim Space on the launch of this ETF. Mark and the Seraphim team bring deep and proven expertise, while the inclusion of the Seraphim Space Investment Trust gives investors indirect exposure to parts of the sector that remain privately held. This makes the ETF a particularly differentiated offering within the market.
“At HANetf, we pride ourselves on partnering with leading experts from around the world to bring innovative investment strategies to European investors, and we are very excited to welcome SERA to the HANetf platform.”
