13:10:41 EDT Mon 11 May 2026
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Planet Ventures Inc (3)
Symbol PXI
Shares Issued 152,063,336
Close 2026-05-08 C$ 0.34
Market Cap C$ 51,701,534
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Planet Ventures invests $100,000 (U.S.) in Lux Aeterna

2026-05-11 10:21 ET - News Release

Mr. Etienne Moshevich reports

PLANET VENTURES INVESTS IN LUX AETERNA, ADVANCING ITS STRATEGY TO CAPTURE THE NEXT WAVE OF SPACE INNOVATION

Planet Ventures Inc. has made a strategic investment into Lux Aeterna, a space infrastructure company building the world's first fully reusable satellite platform.

Lux Aeterna is leading a structural shift in the global space economy, which has spent decades optimizing around a disposable satellite model. Unlike traditional single-use satellites, Lux Aeterna's reusable fleet is designed to close the loop on the orbital supply chain and create a persistent logistics layer between Earth and orbit.

A fundamentally new approach to orbital operations, Lux Aeterna's technology will unlock entirely new mission profiles and capabilities that require recovering hardware, iterating on technology and accessing orbit on a reliable, rapid cadence. These applications include critical emerging categories such as orbital compute, on-orbit servicing, in-space manufacturing, hypersonic testing and rapid payload return.

Lux Aeterna's vertically integrated platform pairs a flight-proven conical heat shield with a modular satellite bus, engineered for re-entry, rapid ground-based refurbishment and relaunch. This innovation has the potential to fundamentally change the economics of space, creating a circular space economy.

Lux Aeterna has already attracted significant attention from leading venture capital firms in the space sector, including Space Capital, and recently completed a $10-million (U.S.) seed financing round led by Konvoy to accelerate development of its flagship spacecraft, with a demonstration mission targeted for 2027.

"We are incredibly excited to have invested in Lux Aeterna at such an early stage in their development," said Etienne Moshevich, chief executive officer of Planet Ventures. "We believe reusable satellite infrastructure represents one of the most important and underappreciated opportunities within the space economy. Lux Aeterna is tackling a critical bottleneck in orbital logistics -- bringing assets and materials back from space -- and we believe this capability could unlock entirely new industries."

The global space economy continues to evolve rapidly, driven by declining launch costs and increasing commercial activity in orbit. However, the industry still has not solved what happens after deployment. Lux Aeterna is directly addressing this gap by enabling repeatable down-mass capability, laying the foundation for two-way commerce between Earth and space.

Planet invested a total of $100,000 (U.S.) into Lux Aeterna's equity financing.

Planet Ventures' investment in Lux Aeterna aligns with its strategy of providing shareholders with exposure to high-growth, private space companies building the infrastructure of the future space economy.

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.

We seek Safe Harbor.

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