Seraphim Space (SSIT) says space start-ups raised approximately $7.5bn across 141 venture deals during the second quarter of 2026. Its research, which features in the investment trust’s latest newsletter, found that investment remained close to record levels, with SpaceX’s IPO helping to broaden investor interest.

James Carthew, head of investment company research at QuotedData, said: “There is always a lot to unpack from Seraphim’s monthly newsletter, which reinforces the sense of rapid progress within the SpaceTech sector. This month, the advances that AST SpaceMobile is making within its direct-to-device cellular broadband network – you don’t have to provide a global service at vast expense to compete with SpaceX, why not just cherry pick the most potentially lucrative markets – and the new business wins for HawkEye 360, stood out for me.”

Schroder Real Estate (SREI), the £213m listed property fund making a joint acquisition of Picton (PCTN) with LondonMetric (LMP), made a modest 0.8% investment return in the second quarter. After the quarterly 0.897p dividend, net asset value (NAV) per share dipped from 60.9p to 60.5p in the three months to 30 June. Cover for the 8%-yielder’s payout improved to 93% from 91% in the first quarter on earnings of £4.1m or 0.8p per share. Voids, or empty properties, stood at 10% with 0.9% under offer and 1.3% undergoing refurbishment. Chair Alistair Hughes said it was a resilient performance and the manager remained focused on “completing contracted leasing activity, reducing the void, progressing selective disposals and maintaining the Company’s attractive debt profile to support future earnings growth and dividends for shareholders.” At 42.9p the shares stand on a 29% discount to the new NAV.