TAMPA, Fla. — Seraphim said June 6 the total value of early-stage space investments in its publicly traded trust increased 1.4% to 201 million pounds ($257 million), despite a hit from debris removal venture Astroscale’s discounted initial public offering.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...