Business
Planet Ventures Enters the Space Economy with Strategic Investment in Mantis Space
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Planet Ventures Inc. (CSE: PX...
About this update from Planet Ventures Inc
[{"type":"text","content":"Planet Ventures Enters the Space Economy with Strategic Investment in Mantis SpaceVancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - Planet Ventures Inc. (CSE: PXI) (OTC Pink: PNXPF) (FSE: P6U1) (\"Planet\" or the \"Company\") is pleased to announce that it has completed a USD$200,000 strategic equity investment in Mantis Space, marking Planet's first investment in the rapidly expanding global space sector.Mantis Space is a space and advanced energy company developing what it describes as the world's first power grid in space - orbital infrastructure designed to deliver power directly to satellites, space habitats, and future lunar operations. The company is expected to officially emerge from stealth in early 2026.According to Expansion Solutions Magazine, in an article written by Nicole Shakir and published on December 8th, 2025, Mantis Space announced that it selected Albuquerque, New Mexico as the location for its new headquarters and advanced research and manufacturing operations following a competitive national search. The planned expansion is projected to generate more than $480 million in economic impact for the City of Albuquerque and the State of New Mexico over the next decade and create more than 200 high-wage technology jobs, with average salaries exceeding $180,000 annually.Founded in Kennesaw, Georgia by space industry veterans and backed by venture studio Montauk Capital, Mantis Space is positioning itself at the forefront of orbital energy infrastructure - an emerging segment expected to play a foundational role in the global space economy, which analysts project will exceed $1 trillion by the early 2030s.Source: World Economic Forum publication titled Space: The $1.8 Trillion Opportunity for Global Economic Growth - developed jointly with McKinsey & Company., https://www.weforum.org/publications/space-the-1-8-trillion-opportunity-for-global-economic-growth/?utm_source=chatgpt.com Orbital power infrastructure is viewed as a key enabler of next-generation capabilities including:Persistent satellite operationsOn-orbit servicing and manufacturingSpace-based data centersLunar infrastructure developmentAdvanced defense and energy applicationsLink to web article: https://www.expansionsolutionsmagazine.com/mantis-space-selects-albuquerque-for-headquarters/\"This investment represents Planet's entry ...