Planet Ventures Invests $200,000 in Mantis Space for Orbital Energy Solutions
Planet Ventures Inc. has made a strategic equity investment of $200,000 in Mantis Space, marking its entry into the global space sector. Mantis Space is developing the world's first orbital power grid to supply energy to satellites and future lunar missions, with plans to officially launch in early 2026. The company has selected Albuquerque, New Mexico, for its new headquarters, which is expected to generate over $480 million in economic impact and create more than 200 high-wage jobs over the next decade.
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Planet Ventures Inc. has completed a $200,000 strategic investment in Mantis Space, its first entry into the global space sector. Mantis Space, based in Albuquerque, New Mexico, is developing an orbital power grid aimed at supplying energy to satellites and lunar missions, with a public launch planned for early 2026.
This expansion is projected to create over 200 high-wage jobs and generate more than $480 million in economic impact over the next ten years. The investment was made for 49,313 shares at $4.0557 each and aligns with Planet's strategy to invest in high-growth sectors. Mantis Space's headquarters expansion is also supported by $2.5 million from New Mexico’s LEDA program and $500,000 from the City of Albuquerque.
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