Seraphim Space Investment Trust Publishes White Paper on Role of SpaceTech in Solving Europe's Security Dilemma
Why we think this is neutral
This RNS announcement provides a general update on a white paper published by the Seraphim Space Investment Trust's manager, rather than containing any specific financial or operational news. As such, the sentiment is assessed as neutral, as the information does not directly impact the company's performance or outlook.
Key Points
- White paper examines role of SpaceTech in addressing Europe's security challenges
- Recommendations to boost European space sector investment and capabilities
- Highlights Europe's reliance on US space technologies for defence
- SSIT maintains ethical stance, prohibiting investments in 'Offensive' use cases
Summary
Seraphim Space Investment Trust plc (SSIT) has published a white paper by its Manager, Seraphim Space Manager LLP, detailing policy recommendations to unlock growth within the European space sector and mitigate Europe's security crisis. The white paper highlights Europe's over-reliance on US space capabilities and the need for more sovereign space technologies to support defence. The Manager's recommendations focus on ramping up public and private investment in the European SpaceTech market to rapidly boost defence-related space capabilities.