Planet Ventures completes investment in Mantis

Executive Summary

• Planet Ventures Inc. completed a $200,000 (U.S.) strategic equity investment in Mantis Space, marking its first entry into the global space sector.
• Mantis Space is developing orbital power infrastructure, described as the world's first power grid in space, and is expected to emerge from stealth in early 2026.
• The investment was part of a broader financing structure, with Mantis Space recently selecting Albuquerque, N.M., as its new headquarters, a move supported by significant public-sector funding.

Key Details

• Investment Amount: $200,000 (U.S.)
• Investment Structure: Equity investment in Mantis Space.
• Shares Acquired: 49,313 shares.
• Price Per Share: $4.0557.
• Strategic Rationale: Marks Planet Ventures' first investment in the space sector; aligns with mandate to deploy capital into emerging, high-growth sectors with asymmetric return potential.
• Target Company Profile: Mantis Space is developing orbital energy infrastructure to deliver power to satellites, space habitats, and lunar operations.
• Target Company Milestones: Expected to officially emerge from stealth in early 2026.
• Target Company Expansion: Selected Albuquerque, N.M., as headquarters following a competitive national search.
• Economic Impact of Expansion: Projected to generate over $480-million in economic impact for Albuquerque and New Mexico over the next decade.
• Job Creation: Projected to create more than 200 high-wage technology jobs with average salaries exceeding $180,000 annually.
• Public Sector Support for Mantis: Supported by $2.5-million via New Mexico's Local Economic Development Act (LEDA) program and $500,000 from the City of Albuquerque.
• Market Context: The global space economy is projected to exceed $1-trillion by the early 2030s.
• Key Applications for Orbital Power: Persistent satellite operations, on-orbit servicing and manufacturing, space-based data centres, lunar infrastructure development, and advanced defence/energy applications.

Notable Quotes

• "This investment represents Planet's entry into one of the most transformational industries of our time... We believe Mantis Space is building in a strategically critical segment of the space economy and we are excited to support their development." — Etienne Moshevich, CEO, Planet Ventures