Planet Ventures Inc. (CSE: PXI) (OTC: PNXPF) (FSE: P6U) has entered the growing space infrastructure sector with a $200,000 strategic equity investment in Mantis Space, a company developing what it describes as the world’s first orbital power grid. The investment reflects Planet Ventures’ strategy of providing public market investors with exposure to emerging private companies in high-growth industries.
Mantis aims to enable satellites to receive wireless power in orbit, potentially reducing spacecraft size, weight and cost while supporting the expanding space economy. The move comes as demand for on-orbit services such as refueling, debris removal and shared infrastructure accelerates alongside projected growth in satellite launches, positioning Planet Ventures at the intersection of energy, satellite operations and in-space logistics.
According to the announcement, the investment aligns with Planet Ventures' focus on disruptive companies across high-growth industries. Planet Ventures aims to build long-term shareholder value through strategic investments in innovative businesses. The company has a portfolio that includes investments in various sectors, but this marks a notable entry into space infrastructure.
Mantis Space's technology could address key challenges in satellite design and operation. By providing wireless power in orbit, satellites may no longer need large solar panels or heavy batteries, allowing for more compact and cost-effective designs. This could also enable longer mission lifetimes and new capabilities for satellites, such as higher power consumption for advanced sensors or communications systems.
The space economy is projected to grow significantly in the coming years, driven by increased satellite launches for telecommunications, Earth observation, and other applications. On-orbit services, including power delivery, are seen as critical for sustaining and expanding activities in space. Planet Ventures' investment in Mantis positions it to benefit from this trend.
For more information about Planet Ventures, visit www.PlanetVenturesInc.com. The latest news and updates relating to PNXPF are available in the company’s newsroom at https://ibn.fm/PNXPF.
