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Seraphim Space Investment Trust
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== Space technology: Addressing a vast opportunity via technical innovation == The expansion in space enabled technology is already happening and its use is ubiquitous in telecommunications, real time data and navigation, all essential for human activity on the planet today. Bank of America has forecast that the value of the space economy will triple in size to $1.4tn by 2030. Private sector investment is leading the push into commercial space tech investment as evidenced by SpaceX and a flourishing ecosystem of space start-ups, which collectively accounted for $12.4bn in investment in 2021 according to the Seraphim Space Index (end December 2021). The industry has come a long way since the first commercial satellite was launched in the early 1960s. Increasingly, developments and the use of space technology are being driven through corporate rather than government initiatives (especially in low earth orbit) and to date only around 13,000 satellites have been put into space, principally serving the communication, weather and security industries. A recent key catalyst or inflection point for space technology has been the huge reduction in the size and associated cost of putting satellites into space, from car size units costing $1bn previously to shoe box sized satellites costing around $100,000 now. This development will spawn a huge increase in the satellite ‘fleet’ with over 200 individual companies expected to launch 100,000 satellites into space over the next 10 years according to Seraphim. This ‘digital infrastructure of the sky’ has profound implications for developments in sustainability (climate change), connectivity (internet for the 50% of the world not connected), mobility (driverless cars, flying taxis, drones), the Internet of Things (IoT) and smart cities. Seraphim Space claim that space is a multi-decade growth opportunity, with next-generation activity developments driven by the falling cost of launch paving the way for opportunities such as data centres in space, which could reduce global warming as they are one of the biggest sources of carbon in the atmosphere. Solar farms in space, providing clean energy harvested by the sun direct to our planet, are already in the early stages of planning for operations over the next decade.
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