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Any such deal would allow early investors and employees to sell shares and generate liquidity.

Bloomberg has published an article on space and satellite-related stocks surging as "investor enthusiasm around the industry intensified". This should help Molten, particularly with its holdings in ICEYE and Isar Aerospace.

Molten Ventures plc has announced a further partial realisation of its holding in Revolut, generating proceeds of approximately £63 million.

The French cryptocurrency security firm has a number of options, and could decide to raise capital privately, said the person, who spoke on condition of anonymity because the matter is not public.

Aircall, the AI-powered customer communications platform trusted by more than 23,000 businesses worldwide, today announced the acquisition of Vogent, an AI voice agent company. The acquisition adds a new layer of specialized voice AI technology to Aircall’s platform - strengthening the technology behind Aircall’s AI Voice Agent and moving it from already great to best-in-class.

Iceye is in talks to raise €250 million in a round that may nearly double its previous valuation, according to people familiar with the matter.

Seraphim Space, the London-listed investment company focused on commercial space technology, has announced plans to raise up to £350 million to capitalise on a booming space market.

The fundraise is "one of the largest ever by a UK-listed investment trust". Seraphim's largest holding is ICEYE, which comprised 39% of its NAV at the end of 2025.

According to an article in the FT, Revolut is targeting a $200bn valuation for its IPO. The IPO isn't expected to occur before 2028. Molten is currently carrying its Revolut holding at $55bn.

Revolut CEO Nik Storonsky said he wants to take the London-based digital bank public, but not until at least 2028, extending the timeline on one of Europe’s most anticipated offerings.

It's understood the Bank of America position is Saba hedging its position.

Bank of America Corporation has acquired a significant stake in Molten Ventures Plc, increasing its total voting rights and financial instruments to 12.19%, up from a previous holding of 6.98%

This should help support valuations for both Isar Aerospace and ICEYE. According to AI:

The deal is more helpful for Isar Aerospace's immediate valuation because it confirms that "getting to space" is currently the hardest and most expensive problem for Big Tech to solve. Amazon is essentially paying an $11 billion "late fee" because they couldn't launch their own satellites fast enough. This makes every Isar rocket flight significantly more valuable.

However, for ICEYE, this deal finally breaks the "glass ceiling" of satellite company valuations. It proves that a LEO constellation isn't just a "science project"—it's an $11 billion infrastructure asset.

Following earlier speculation, Manna has confirmed a $50 million Series B to scale autonomous aerial delivery across the United States and Europe, bringing Manna's total funding to $110 million.

Investors include ARK Invest, ISIF and Schooner Capital, alongside continued backing from Coca-Cola HBC, Molten Ventures and Enterprise Ireland.

Isar Aerospace is in talks to raise €250 million in funding ahead of a key launch attempt planned for this week, according to media reports. The investment round would value the company at €2 billion.

@steph the Augmentum deal is a 28.6% discount to NAV.

Revolut is considering a fresh sale of shares in the second half of this year at a valuation of "at least $100bn", as investors clamor to buy into Europe’s most valuable startup ahead of a potential public listing.

28.6% discount to NAV. 27% premium to last night's closing price. The fund is in a much worse position than Molten with a declining NAV, and "limited prospects for exits among its largest assets in the near-to-medium-term, which would make a managed wind-down a lengthy process".

The British Business Bank has made a £5 million investment into SatVu, the UK-based satellite thermal intelligence company, as part of a £30 million funding round.

Barclays analyst Conor Finn raised the recommendation on Molten Ventures to overweight from equal-weight. Price target £5.75.

The upgrade notes accelerating portfolio momentum with clear positive catalysts over the next 12 months.

Barclays estimates that Revolut is held at a 30% discount to the latest $75bn funding round, pointing to a 3.5% NAV uplift while the latest funding round in ICEYE is estimated to imply a 1.9% uplift to Molten’s NAV.

To the downside, Barclays factored in weaker public market comparisons and FX movements.

The reported Ledger IPO valuation of $4bn is said to be 2x more than where Molten is currently valuing it at. Ledger is Molten's second largest holding. If this valuation was achieved, and Molten were to record the upside, it would result in at least a 6% NAV/share appreciation.