Allenby Capital Space Sector Viewpoint

Allenby Capital attended the largest UK Space industry exhibition, Space-Comm Expo, held earlier this month. This sector report aims to demystify the industry and look at key growth trends, including the insatiable demand for satellites, and profiling the key satellite communication companies (Starlink, Eutelsat, Amazon Kuiper, AST SpaceMobile, etc.). Although not insubstantial (c. £19bn annual income), the UK space industry is relatively low profile but this should change in 2025 with the SaxaVord Spaceport hosting the first rocket launch from UK soil. We also profile four small cap listed companies with space exposure: EnSilica (ENSI.L), Filtronic (FTC.L), Seraphim Space (SSIT.L) and AAC Clyde Space (AAC.ST). Given the scale of the opp...