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LONDON - Seraphim Space Investment Trust plc (LSE:SSIT), the first publicly traded SpaceTech investment company, has released a white paper through its Manager, Seraphim Space Manager LLP, emphasizing the necessity for Europe to bolster its space capabilities to address security concerns. The document, titled ’The Role of SpaceTech in Solving Europe’s Security Dilemma,’ proposes several policy recommendations aimed at fostering growth within the European space sector.
The white paper highlights Europe’s heavy reliance on the United States for space-based intelligence, a dependency that has become more pronounced following President Trump’s demands for increased European defence spending. The European Union’s move to potentially mobilize up to €800 billion in defence funding underscores the urgency to develop sovereign space capabilities.
Recent defence spending increases by the UK, Germany, and Sweden reflect a Europe galvanized by current security challenges, such as the conflict in Ukraine, which has demonstrated the critical role of SpaceTech in modern warfare. The use of commercial satellites for intelligence and communication has become particularly notable.
The Manager’s recommendations focus on boosting Europe’s defence-related space capabilities by increasing investment from both the public and private sectors and streamlining procurement processes to support innovative SpaceTech companies. These measures aim to enhance Europe’s defence infrastructure rapidly.
Seraphim Space Investment Trust, while investing in defence applications, maintains an ethical stance against investments in technologies intended for offensive use. James Bruegger, Chief Investment Officer of the Manager, stated that Europe’s current security crisis stems from an over-reliance on American intelligence and communication capabilities. He emphasized the urgency for Europe to develop sovereign space capabilities to address this dependency.
The white paper serves as a call to action, providing policy recommendations to aid the European SpaceTech market in strengthening security for Europe and Ukraine. It is part of the ongoing efforts by Seraphim Space Investment Trust to support growth-stage private financed SpaceTech businesses that are global sector leaders.
This article is based on a press release statement from Seraphim Space Investment Trust plc and provides an overview of the key points presented in their recently published white paper addressing Europe’s security and SpaceTech development.
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