20:57:46 EDT Wed 08 Apr 2026
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Planet Ventures Inc (3)
Symbol PXI
Shares Issued 152,063,336
Close 2026-04-08 C$ 0.25
Market Cap C$ 38,015,834
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Planet Ventures invests for Relativity Space exposure

2026-04-08 16:18 ET - News Release

Mr. Etienne Moshevich reports

PLANET VENTURES INC. ANNOUNCES STRATEGIC INVESTMENT IN MCXGP RELATIVITY FUND I, LLC - GAINING EXPOSURE TO ERIC SCHMIDT'S RELATIVITY SPACE

Planet Ventures Inc. has made an equity investment of $125,000 (U.S.) into MCXGP Relativity Fund I LLC, a special purpose vehicle which made an investment into the latest financing round of Relativity Space Inc., the innovative American aerospace manufacturer advancing next-generation launch vehicles.

Led by Eric Schmidt, who became chief executive officer and chairman in 2025, Relativity Space is entering a new phase of strategic evolution-expanding beyond launch services to enable infrastructure for the next generation of computing. Under Mr. Schmidt's leadership, the company is exploring the deployment of data centres in orbit, leveraging space-based environments to support the rapidly growing demands of artificial intelligence and high performance computing.

Relativity Space is aiming to advance the frontier of aerospace with fully reusable launch vehicles, proprietary propulsion systems and a revolutionary software-driven manufacturing platform. Planet's investment provides indirect exposure to an innovative and forward-looking company in both aerospace and next-generation computing infrastructure.

Key highlights include:

  • Terran R reusable launch vehicle -- Relativity's flagship rocket is a fully reusable, next-generation launch vehicle designed for mid-to-heavy lift missions, capable of delivering up to approximately 20,000-plus kilograms to low Earth orbit (Relativity Space news release, 2021). Terran R is engineered for rapid reusability, high launch cadence and significantly lower cost to orbit.
  • Advanced propulsion systems -- The Aeon R engines are designed for high performance, reliability and reusability, while benefiting from simplified architecture and reduced part counts.
  • Factory of the future -- Relativity's automated manufacturing platform integrates AI (artificial intelligence), robotics and proprietary software to enable real-time monitoring, rapid iteration cycles and scalable production of complex aerospace systems -- dramatically accelerating innovation timelines.
  • Massive industrial scale -- Relativity Space operates a one-million-plus-square-foot manufacturing facility in Long Beach, Calif., where its Stargate printers are designed to produce entire rockets in a matter of months rather than years.
  • Commercial momentum -- Relativity Space has secured significant multilaunch agreements and a growing backlog of commercial contracts, positioning the company to capitalize on accelerating demand for satellite deployment, space infrastructure and future orbital applications.
  • Leadership and vision -- Under Mr. Schmidt, Relativity Space is focused not only on achieving its first orbital flight of Terran R, but also on enabling entirely new categories of space-based infrastructure, including orbital data centers powered by abundant solar energy and optimized for next-generation AI workloads.

Strategic rationale for Planet Ventures

Planet views this investment as a high-impact opportunity to participate in a transformational shift across both aerospace and computing infrastructure. Relativity Space's platform -- combining reusable rockets, AI-driven manufacturing, advanced propulsion and a bold vision for space-based data infrastructure -- represents a potentially breakthrough approach to both the global launch market and the future of industrial-scale computing.

By investing in Relativity Space through its investment in MCXGP, Planet gains exposure to a company that is not only innovating how rockets are built and launched, but also helping lay the foundation for a new era of space-enabled infrastructure and economic activity.

"Relativity Space is creating the future of orbital access, and the team's execution and vision are incredibly compelling," said Etienne Moshevich, chief executive officer of Planet Ventures. "Being invested in a company headed by a great technology founder is a true testament to Planet's ability to gain exposure to some of the highest-quality private space companies in the world. This investment aligns with our strategy to support innovative technologies with the potential for outsized value creation and I cannot wait to follow their progress over the coming months."

About Planet Ventures Inc.

Planet Ventures is an investment issuer that actively invests in disruptive companies across high-growth industries. Planet aims to build long-term shareholder value through strategic investments in innovative businesses.

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