Planet Ventures Inc. (CSE: PXI) (OTC: PNXPF) has announced its first capital deployment into the space economy with a $200,000 strategic equity investment in Mantis Space, a company working to build the first power grid in orbit. This investment underscores the accelerating transition of the space industry from theoretical roadmaps to commercial infrastructure, as on-orbit refueling, debris removal, in-space assembly and orbital power distribution attract serious capital and government contracts.
The demand driving these services is structural, not speculative. According to a Novaspace report, 16,900 small satellites under 500 kg are forecast to be launched between 2026 and 2035, averaging roughly 640 kg of payload deployed daily. As satellite constellations scale, operators face mounting pressure for in-orbit servicing and power solutions.
Mantis Space is developing what it describes as the world's first power grid in space, aiming to provide continuous power to satellites and other assets in orbit. This capability could be foundational for the next generation of commercial space activity, enabling longer missions and reducing reliance on onboard batteries or solar panels that are subject to eclipse periods.
Planet Ventures' investment marks its first move into the space sector, with the company focusing on early-stage opportunities that have the potential for significant growth. The investment is part of a broader strategy to capitalize on the structural growth of the global space economy, which is projected to expand substantially in the coming years.
Forward-looking statements in the announcement caution that investments in portfolio companies involve high risk, including early-stage investment risk, technology risk, regulatory risk, market risk, liquidity risk, capital risk, macroeconomic and geopolitical risk, and key personnel risk. Portfolio companies have limited operating histories and are pre-revenue, making investments speculative and potentially resulting in total loss of capital.
For more information on Planet Ventures, visit the company's newsroom at https://nnw.fm/PNXPF. This article is based on a press release disseminated by NetworkNewsWire, which provides financial news and content distribution. NetworkNewsWire is a brand within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions, article syndication to 5,000+ outlets, and social media distribution.
