Over the past 12 months, more than $8.5 billion has been invested in the space sector, indicating strong and sustained interest from investors despite challenging conditions in the broader tech industry. Seraphim Space, a key player in SpaceTech investment, recently launched its 14th accelerator cohort, known as Mission 14, on September 9, 2024. This round includes 11 startups from diverse regions such as Saudi Arabia, Chile, and Turkey, covering various areas like AI-driven water management, orbital robotics, and satellite-enabled biodiversity monitoring. The program will conclude with an investor showcase on December 5.

In addition to its accelerator activities, Seraphim Space achieved a milestone by becoming carbon neutral in 2024. The company conducted its first carbon footprint assessment, which covered emissions within Scopes 1, 2, and some Scope 3 categories, as defined by The Greenhouse Gas Protocol. This move aligns with industry trends towards sustainability and reflects a broader push for environmentally responsible investment practices in the space sector.

Seraphim has also seen positive momentum in its portfolio, despite some market setbacks. Notable developments include the oversubscribed initial public offering (IPO) of Astroscale, a space debris removal company, on the Tokyo Stock Exchange in June 2024. While Astroscale’s IPO price was initially set lower than in prior private financing rounds, the stock surged 51% on its debut. This reflects continued market interest in innovative space companies with potential solutions for pressing issues like space debris management.

The accelerator’s track record since 2018 has been robust, helping over 100 companies raise more than $540 million. The latest $8.5 billion figure invested across the space sector underlines the growing appeal of SpaceTech, with investors increasingly focusing on areas like satellite technology, AI applications, and space logistics to address future global needs. The Mission 14 cohort further expands Seraphim’s reach, positioning its portfolio for long-term growth.

Our overview video of Seraphim Space below