Space may be the final frontier but it is no barrier for venture capital funds, it appears.

Sky News reports that a division of Seraphim Capital, which styles itself as the global leader in SpaceTech investment, is in talks with investment bankers on plans for an initial public offering of a fund that would focus on the space industry.

The company has already supported 63 SpaceTech start-ups, including AST Space Mobile, which is developing a cellular broadband network that can be accessed by standard smartphones, and Panet Watchers, experts in synthetic aperture radar-led analytics.

The Seraphim Space Fund is backed by leading “space corporates” and international space agencies, including investors in Airbus, SES, Teledyne, Telespazio, SSTL and accelerator partnerships including Rolls Royce, Inmarsat, European Space Agency and the UK Space Agency.

According to Sky News, Seraphim will be looking to raise around £250mln in fresh capital via its flotation.