Seraphim Space Investment Trust Sees 167% Increase in Xona Space Systems Valuation After $170 Million Funding
Seraphim Space Investment Trust reported a 167% increase in its valuation of Xona Space Systems following a $170 million Series C funding round. This valuation update will add approximately £17.5 million to SSIT's net asset value, equivalent to 7.37 pence per share, reflecting in SSIT's quarterly update ending March 31, 2026. Xona is developing the world's first commercial GPS constellation in low Earth orbit, aimed at providing centimeter-level positioning accuracy for various advanced applications.
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Seraphim Space Investment Trust's equity in Xona Space Systems rose 167% following a $170 million Series C funding round. The valuation increase will contribute around £17.5 million to SSIT's net asset value, translating to 7.37 pence per share, to be included in the quarterly update for the period ending March 31, 2026.
The value of SSIT's stake in Xona increased from £10.5 million on December 31, 2025, to £28.0 million as of Tuesday. Xona is developing a commercial GPS constellation designed for centimeter-level positioning accuracy, enhancing traditional GPS capabilities by 50-100 times for applications in autonomous vehicles, drones, and advanced air mobility.
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