Seraphim New Space Index (SERA · LSE)
Seraphim New Space Index
An index tracking the innovative companies behind the New Space industry. Curated by Seraphim, a specialist space investor, this index is provided by VettaFi and is now accessible through an ETF managed by HANetf.
Bull case for Seraphim New Space Index
An Index Representing The New Space Opportunity
A basket of companies driving the innovation behind the modern economy.
Cheaper Access To Orbit
Reusable rockets have significantly cut the cost of reaching orbit, making fleets of small satellites viable.
AI And Defence Budgets Are Driving Demand
Satellite data has become commercially valuable to multiple industries, and Europe, NATO and the US are stepping up space spending.
Bear case for Seraphim New Space Index
Concentration Risk
Narrow basket of companies compared to many indices tracking broader sectors.
Political And Regulatory Risk
Defence budgets, export controls or a launch failure can hit the sector fast.
Valuations Built On Expectations
Many New Space companies are priced on future potential rather than current profits, so sentiment alone can meaningfully impact share prices.