Planet Ventures Enters the Space Economy with Strategic Investment in Mantis Space

Executive Summary

• Planet Ventures Inc. completed a USD $200,000 strategic equity investment in Mantis Space, acquiring 49,313 shares at $4.0557 per share.
• The investment marks Planet’s first entry into the space sector and supports Mantis Space’s planned headquarters and manufacturing hub in Albuquerque, NM.
• Mantis Space aims to develop orbital power‑grid infrastructure, a nascent market projected to underpin a future global space economy valued at over $1 trillion by the early 2030s.

Key Details

• Investment Amount: USD $200,000.
• Share Count & Price: 49,313 shares purchased at $4.0557 per share.
• Purpose: Strategic entry into the emerging space‑infrastructure market; aligns with Planet’s mandate to deploy capital in high‑growth, disruptive sectors.
• Mantis Space Overview: Private company developing the world’s first orbital power grid for satellites, lunar operations, and space habitats; expected to emerge from stealth in early 2026.
• Economic Impact (Albuquerque): Projected $480 million economic impact over ten years; creation of >200 high‑wage technology jobs with average salaries >$180,000.
• Public Support: New Mexico’s LEDA program contributing $2.5 million and the City of Albuquerque providing $500,000 to support Mantis Space’s headquarters expansion.
• Market Context: Analysts forecast the global space economy to exceed $1 trillion by the early 2030s; orbital power infrastructure is identified as a key enabler for satellite operations, on‑orbit manufacturing, space data centers, lunar development, and advanced defense applications.

Notable Quotes

“This investment represents Planet's entry into one of the most transformational industries of our time,” said Etienne Moshevich, CEO of Planet Ventures. “The commercialization of space is accelerating rapidly… we are excited to support their development.”