Will Whitehorn

Well, I think that's probably right.

And I think that this is a seismic event for the entire space industry.

We're not going to see the like of this.

I think it's going to cause huge changes to the companies that are suppliers to SpaceX, to the whole massive kind of environment that they've created, particularly in the United States and in the UK, some companies.

There's a company in the UK called Filtronic, for example,

which has become a major supplier to SpaceX.

Many of the companies in the Seraphim portfolio, they launch on SpaceX rockets.

Starlink has obviously, when you link Starlink to AI, to data centers, you are seeing an entire ecosystem of businesses growing up.

And many other constellations will benefit from this.

There'll be in-orbit servicing, more data analytics coming out through the space industry.

Space and AI will become interlinked in a way they've never been before.

I mean, space really is going through a lot of change as it goes through this industrial revolution.

Well, I'll give you an example.

We've got one of the biggest companies in our portfolio.

It's called IceEye, which has this very special kind of aperture radar.

The demand for it has gone through the roof.

IceEye's business plan has ended up being two years ahead of plan.

They're in profit already, and they're just in the process of a very big fundraise.

Other companies like Hawkeye 360, Satellite View,

All space, all of these companies in our portfolio are all doing very well and getting ahead of their business plans very rapidly because the demand for data from space is going through the roof for both climate change, defense, natural security, communications.