Mark Boggett, the CEO of the £220.6m Seraphim Space trust, is anticipating a “wave of consolidation” of space companies in the coming year with firms that help battle climate change and debris removal among the winners.
The CEO noted that there were nine space companies that went public last year and the vast majority of them are trading down following high shareholder redemptions. As a result, Boggett said the stronger ones are "leveraging their position for M&A" and meanwhile he expects the struggling companies to "become acquisition targets in the upcoming wave of consolidation". He went on to say this year it will be more challenging for space companies to go public through special purpose acquisition companies. Seraphim Space trust finds value in technology to battle climate change The...
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